Positioning ahead of report pushes agricultural futures higher | 2021-09-30

September 29 report

• Futures mostly advanced in range-related activity on Wednesday, as traders adjusted their positions in time for the September 30 release of major quarterly USDA grain stocks and annual summary small grains reports. . Positioning ahead of the report was behind the gains in corn and soybean futures. Winter wheat futures prices were higher for the same reason, although gains were limited by the strengthening US dollar, and spring wheat futures prices were mostly lower. December But added 6½ ¢ to close at $ 5.39 a bu. Chicago December wheat added 3 ¾ ¢ to close at 7.10 a bushel. Kansas City December wheat added 6, closing at 7.11 a bushel. Minneapolis December wheat fell 3 ¾ ¢ to close at $ 9.03 ½ a bushel, the last few months having been mixed but mostly down. November soy climbed 6 to close at 12.83 per bu. October soy dish rose 80 ¢ to $ 338.10 a tonne. October soybean oil edged up 0.01 to 57.78 per pound.
• After a choppy trading session, US equity markets closed in a mixed manner. The tech-rich Nasdaq calmed down, while the Dow industry won. Investors who picked up discounted stocks helped the S&P 500 recoup some of the losses suffered in the previous day’s rout, a 1.3% drop that was the worst in a single day since May. The Dow Jones Industrial Average added 90.73 points, or 0.26%, closing at 34,390.72. The Standard & Poor’s 500 Index edged up 6.83 points, or 0.16%, to close at 4,359.46. The Nasdaq Composite lost 34.24 points, or 0.24%, to close at 14,512.44.
• American crude oil Futures continued to fall on Wednesday, the November contract was down 46 ¢ to $ 74.83 a barrel.
• The US dollar index, after oscillating between gains and losses last week, advanced Wednesday for a fourth consecutive session.
• american gold futures continued to fall as the US dollar strengthened on Wednesday. The October contract was down $ 14.40 to $ 1,721.50 an ounce.

September 28 report

• Bond yields approached three-year highs, deepening the rout in large tech stocks on Tuesday and pulling US stock markets sharply lower for the day. The Dow Jones Industrial Average lost 569.38 points, or 1.63%, closing at 34,299.99. The Standard & Poor’s 500 Index lost 90.48 points to close at 4,352.63. The Nasdaq Composite lost 423.29 points, or 2.83%, to close at 14,546.68.
• The stronger US dollar, weakening crude oil futures and harvest-time sales helped push corn futures down 1% on Tuesday. Soybean and wheat futures followed the weaker trend. December But fell 7 to close at $ 5.32½ a bushel. Chicago December wheat fell 15 ¾ ¢ to close at $ 7.06½ a bushel. Kansas City December wheat was also down ¾ ¢, closing at $ 7.05 a bushel. Minneapolis December wheat fell 14¼ ¢ to close at $ 9.07 ¼ a bushel. November soy fell 10½ ¢ to close at $ 12.77 a bu. October soy dish was flat at $ 337.30 per tonne, with mostly lower months later. October soybean oil fell 0.53 to 57.77 a pound.
• American crude oil Futures fell on Tuesday, a day after hitting the highest levels since October 2018. The November contract was down 16 ¢ to $ 75.29 a barrel.
• The US dollar index advanced Tuesday for a third consecutive session.
• american gold futures fell on Tuesday as the US dollar continued to rise. The October contract was down $ 14.10 to $ 1,735.90 an ounce.

September 27 report

• American crude oil Futures continued to climb, hitting their highest levels since October 2018. The November contract was up $ 1.47 to $ 75.45 per barrel.
• Corn futures rose on Monday, rebounding from early declines on support from tight domestic spot markets and the strength of the fallout from crude oil. China has reserved several shipments of soybeans and pushed up oilseed futures prices. After a choppy trading session, wheat futures were mixed. December But added ¾ ¢ 12 to close at $ 5.39½ a bu. Chicago December wheat fell 1½ ¢ to close at $ 7.22¼ a bushel; July 2022 and more advanced contracts were higher. Kansas City December wheat added 1, closing at $ 7.20 a bushel; July 2022 and future contracts were lower. Minneapolis December wheat gained 5½ ¢ to close at $ 9.21½ a bushel. November soy added 2½ ¢ to close at $ 12.87½ a bu. October soy dish rose $ 1.20 to close at $ 337.30 a tonne. October soybean oil added 0.33 to set 58.30 per pound.
• US equity markets were mixed at the start of the week. The Dow Industrials average rose on strength in financial and energy stocks alongside rising crude oil prices. Other stocks closely tied to the economy, including manufacturers, mining companies, casinos and retailers, rose. But other growth and tech stocks have declined, including Alphabet, as the giant appealed to overturn a $ 5 billion antitrust fine imposed by the European Union. The Dow Jones Industrial Average added 71.37 points, or 0.21%, closing at 34,869.37. The Standard & Poor’s 500 Index lost 12.37 points, or 0.28%, to close at 4,443.11. The Nasdaq Composite lost 77.73 points, or 0.52%, to close at 14,969.97.
• After switching daily between gains and losses last week, the US dollar index advanced Monday for a second consecutive session.
• american gold futures advanced on Friday even as the US dollar continued to climb. The October contract was up 30 to $ 1,750 an ounce.

September 24 report

• As the market analyzed the mixed outlook for global production and strong export demand, the spring wheat and soft red winter wheat futures contracts closed largely higher while the wheat contracts of winter red force relaxed. Corn futures eased as crop pressure offset underlying support from a tight supply situation. Soybean futures traded on both sides of the pair and ended the week with mixed close. December But fell 2½ ¢ to close at 5.26¾ per bu. Chicago December wheat added 6 to close at 7.23 a bushel; the following months were mixed. Kansas City December wheat was down ¼ ¢, closing at $ 7.19 a bushel. Minneapolis December wheat rose 4½ ¢ to close at $ 9.16 a bushel; the following months were mixed. November soy edged up ¾ ¢ to close at $ 12.85 a bu; the following months were mixed. October soy dish fell 50 ¢ to close at $ 336.10 a tonne. October soybean oil added 0.87 to settle at 57.97 a pound.
• At the end of a turbulent week in US stock markets, the DJIA and the S&P 500 each rose on Friday, posting weekly gains despite continued uncertainty over China Evergarde Group, the indebted real estate giant that sparked a wave in sales at the start of the week. . The Dow Jones Industrial Average added 33.18 points, or 0.10%, closing at 34,798.00. The Standard & Poor’s 500 Index added 6.50 points, or 0.15%, to close at 4,455.48. The Nasdaq Composite lost 4.54 points, or 0.03%, to close at 15,047.70.
• American crude oil the rally in futures after a downgrade earlier in the week continued through the weekend, with the November contract up $ 68 to $ 73.98 per barrel.
• The US dollar index advanced Friday.
• american gold futures advanced on Friday despite the rising US dollar. The October contract was up $ 2 to $ 1,749.70 an ounce.

September 23 review

• Investors pushed U.S. equity markets up sharply on Thursday, signaling growing confidence that the economic recovery can withstand both the withdrawal of the Federal Reserve’s stimulus efforts in the event of a pandemic and the fireworks over them. Chinese real estate markets. Along with the price of oil, shares of energy companies rose, leading to gains among all 11 sectors of the S&P 500 with an increase of 3.4%. The Dow Jones Industrial Average added 506.50 points, or 1.48%, closing at 34,764.82 and marking its biggest two-day rally since July. The Standard & Poor’s 500 Index added 53.34 points, or 1.21%, to close at 4,448.98. The Nasdaq Composite added 155.40 points, or 1.04%, to close at 15,052.24. All three indices were higher for the week.
• American crude oil The rally in futures from a decline earlier in the week continued on Thursday, pushing commodity near a three-year high. The November contract was up $ 1.07 to $ 73.30 per barrel.
• Wheat futures rose across the board for the second day in a row on Thursday. Support was derived from indications of global demand seen in export sales of US wheat alongside lingering supply concerns. Corn futures continued to advance on the spillover of oats, a commodity facing supply shortages due to drought in the Upper Midwest and Canada. Stronger wheat and corn futures prices have helped soybean futures prices overcome crop pressure. December But added ¾ ¢ to close at 5.29 per bu. Chicago December wheat jumped 12 ¢ to close at 7.17 a bushel. Kansas City December wheat rose 14 ¢ to close at $ 7.20 a bushel. Minneapolis December wheat rose 8 ¢ to close at $ 9.11½ a bushel. November soy edged up 1½ ¢ to close at 12.84¼ per bu. October soy dish fell $ 1.30 to close at $ 336.60 a tonne. October soybean oil added 0.71 to settle at 57.10 a pound.
• The US dollar index maintained its see-saw pattern established this week with a lower close on Thursday.
• american gold futures fell on Thursday despite the weaker US dollar. The October contract was down $ 29 to $ 1,747.70 an ounce.