U.S. Corn Imports From Brazil Driven by Fear of Crop Failures. Global Grain Carry Over Stock Low.

Soybean futures extended Monday’s gains to the highest level since July 22 on Tuesday. Recent U.S.D.A. reports indicating lower U.S. stockpiles of soybeans and corn also continued to boost corn futures Tuesday. Wheat futures were mixed amid ample supplies. Hard red winter and spring wheat futures declined while soft red winter futures were tugged higher by corn and soybeans. November soybeans gained 13½c to close at $9.19½ a bu. October soybean meal added $8.20 to close at $304.10 a ton. October soybean oil eased 0.16c to close at 28.83c a lb. Chicago December wheat gained 3c to close at $4.98¾ a bu. Kansas City December fell 3½c to close at $4.11½ a bu. Minneapolis December declined 11½c to close at $5.33 a bu. December corn added 4½c to close at $3.92½ a bu.
U.S. equity markets closed lower on disappointing data showing U.S. factory activity slumped for a second consecutive month was viewed by investors as evidence of a global manufacturing slowdown, which some economists attribute to the escalating trade dispute between the United States and China. The Dow Jones Industrial Average shed 343.79 points, or 1.28%, to 26,573.04. The Standard & Poor’s 500 Index dropped 36.49 points, or 1.23%, to 2,940.25. The Nasdaq Composite fell 90.65 points, or 1.13%, to 7,908.68.
U.S. crude oil futures eased Tuesday as investors expected U.S. crude-oil stocks to increase in data due Wednesday from the Energy Department. The November contract was down 45c to close at $53.62 a barrel.
The value of the U.S. dollar reversed course Tuesday, closing lower.
U.S. gold futures firmed Tuesday as the dollar slid, the October contract was up $16.30 to close at $1,482 an oz.
Recap for September 30


U.S. soy complex futures advanced Monday after China purchased more U.S. supplies of the oilseed and the U.S.D.A. reported crop stockpiles were smaller than traders had expected. Corn futures advanced to nearly a seven-week high on tighter-than-expected inventories. Wheat stockpiles were slightly above expectations, and the complex was mixed with winter wheat advancing and spring wheat easing. November soybeans gained 23c to close at $9.06 a bu. October soybean meal added $6 to close at $295.90 a ton. October soybean oil advanced 0.37c to close at 28.99c a lb. Chicago December wheat added 8½c to close at $4.95¾ a bu. Kansas City December rose 7½c to close at $4.15 a bu. Minneapolis December declined 2½c to close at $5.44½ a bu. December corn jumped 16½c to close at $3.88 a bu.
U.S. equity markets advanced to end a volatile quarter. The S&P 500’s modest third-quarter gain helped stocks maintain the largest year-to-date gains since 1997, and the index enters the fourth quarter with a 19% gain for the year. The Dow Jones Industrial Average rose 96.58 points, or 0.36%, to 26,916.83. The Standard & Poor’s 500 Index added 14.95 points, or 0.5%, to 2,976.74. The Nasdaq Composite gained 59.71 points, or 0.75%, to 7,999.34.
U.S. crude oil futures eased Monday after Saudi Arabia’s state-owned oil giant Aramco said full oil output had been restored after a Sept. 14 attack on oil facilities. The November contract was down $1.84 to close at $54.07 a barrel.
The value of the U.S. dollar strengthened Monday.
U.S. gold futures closed lower, the October contract was down $33.40 to close at $1,465.70 an oz.
Recap for September 27

Spring wheat futures edged lower for a second day Friday after a series of sharp advances beginning late the previous week on concerns about the quality of the 2019 spring wheat crop, which was planted late due to rain and harvested on a delayed basis also due to rain that was compromising falling numbers and other quality characteristics. Hard red winter wheat futures declined Friday on technical selling and planting that proceeded ahead of expectations. Chicago wheat futures continued to rebound Friday after a five-day losing streak that ended Thursday. Soybean futures, supported initially Friday by Chinese purchases of U.S. supplies, closed lower due to the spread of African swine fever that was seen limiting demand. Corn futures eased as revised looks at cold weather forecasts determined the risk to yields perhaps wasn’t as dire as some thought. Chicago December wheat added 3c to close at $4.87¼ a bu. Kansas City December fell ¾c to close at $4.07½ a bu. Minneapolis December declined 1¾c to close at $5.47 a bu. December corn fell 1c to close at $3.71½ a bu. November soybeans eased 5½c to close at $8.83 a bu. October soybean meal fell 90c to close at $289.90 a ton. October soybean oil eased 0.39c to close at 28.62c a lb.
U.S. equity markets closed lower for a second week on lackluster economic data and fading optimism on trade. The Dow Jones Industrial Average fell 70.87 points, or 0.3%, to 26,820.25. The Standard & Poor’s 500 Index closed down 15.83 points, or 0.5%, to 2,961.79. The Nasdaq Composite lost 91.03 points, or 1.1%, to 7,939.63.
U.S. crude oil futures prices eased again Friday. The November contract was down 50c to close at $55.91 a barrel.
The value of the U.S. dollar eased slightly Thursday.
U.S. gold futures declined as well, the October contract was down $8.80 to close at $1,499.10 an oz.
Recap for September 26

Spring wheat futures turned lower Thursday on profit-taking in old-crop months after nearby December hit a two-month high as rains continued to degrade the quality of the crop remaining in fields. Winter wheat futures advanced after forecasts envisioned cold temperatures over the weekend with winter wheat seeding less than 25% completed. Soybean futures eased despite confirmation of a sizable purchase of U.S. supplies by China. Corn futures dipped after export sales fell short of the low end of analysts’ expectations. Chicago December wheat added 7c to close at $4.84¼ a bu. Kansas City December rose 4¼c to close at $4.04¼ a bu. Minneapolis December declined 5½c to close at $5.58¾ a bu, though later months were mixed. December corn fell 1¾c to close at $3.72½ a bu. November soybeans eased ¾c to close at $8.88½ a bu. October soybean meal fell $2.40 to close at $290.80 a ton. October soybean oil eased 0.03c to close at 29.01c a lb.
U.S. equity markets turned lower Thursday on the release of a whistleblower complaint that sparked an impeachment push against President Trump. Indexes narrowed their losses and briefly turned higher before sliding by the closing bell. The Dow Jones Industrial Average dropped 79.59 points, or 0.3%, to 26,891.12. The Standard & Poor’s 500 Index subtracted 7.25 points, or 0.24%, to close at 2,977.62. The Nasdaq Composite shed 46.72 points, or 0.58%, to 8,030.66.
U.S. crude oil futures prices eased Thursday. The November contract was down 8c to close at $56.41 a barrel.
The value of the U.S. dollar continued to strengthen Thursday.
U.S. gold futures edged higher despite a firmer dollar. The October contract was up $2.80 to close at $1,507.90 an oz.
Recap for September 25

A rain-hindered harvest and resultant wheat quality issues supported spring wheat futures’ continued surge as the nearby contract hit the highest level since June 28 on Wednesday. Winter wheat futures declined as traders awaited results of Egypt’s tender as an indicator of international competition, with concerns later confirmed as Egypt bought wheat from Russia and France. Corn was nearly flat in advance of next week’s grain stocks data. The soy complex was pressured by President Trump’s criticism of Chinese policy. Minneapolis December surged 9¾c to close at $5.54¼ a bu. Chicago December wheat was down 4½c to close at $4.77¼ a bu. Kansas City December fell 1c to close at $4.04 a bu, though later months were narrowly mixed or unchanged. December corn fell ½c to close at $3.74¼ a bu, though later contracts were mostly higher. November soybeans declined 5c to close at $8.89¼ a bu. October soybean meal fell $2.20 to close at $293.20 a ton. October soybean oil eased 0.16c to close at 29.04c a lb.
Optimism about a trade deal with China overshadowed political worries in Washington Wednesday and U.S. equity markets closed higher. The Dow Jones Industrial Average advanced 162.94 points, or 0.6%, to 26,970.71. The Standard & Poor’s 500 Index added 18.27 points, or 0.6%, to close at 2,984.87. The Nasdaq Composite grew by 83.76 points, or 1%, to 8,077.38.
U.S. crude oil futures slipped Wednesday. The November contract was down 80c to close at $56.49 a barrel.
The value of the U.S. dollar edged up Wednesday.
U.S. gold futures declined as the dollar grew stronger. The October contract was down $27.50 to close at $1,505.10 an oz.
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