KCG FUTURES AM GRAIN FUTURES COMMENTS Wednesday 10.09.13
Grain futures traded both sides of unchanged in overnight trade with beans and wheat mostly lower and corn unchanged to a tad firmer. Now that the am session is trading beans and wheat are losing ground while corn follows lower. The dramatic recent rally in the wheat market seems to have lost steam the last couple of days, and appears to be searching for additional support and possibly the low end of trading range. Clear weather in the US Midwest until Sunday is ramping up harvest and winter wheat planting. The next storm system is expected Sunday-Tuesday with differing opinions about how much harvest interruption this will cause. Additionally, drier and warmer weather in Russian and the Ukraine is expected to also improve wheat planting and row crop harvesting.
The macro markets are responding to the nomination of Janet Yellen to Chair the Fed and also to much conversation that US debt resolution issue is adding to forces that are slowing world growth.
– Helen Pound
GRAIN FUTURES 7:45 to 8:30 am PAUSE –rounded
CZ |
SX |
SMZ |
BOZ |
WZ |
KWZ |
MWZ |
|
Today’s Pause |
$4.42 |
$12.87 |
$413 |
$0.4048 |
$6.91 |
$7.59 |
$7.53 |
Change |
0 |
-2 |
-2 |
+0.0005 |
-2 |
-2 |
-1 |
OVERNIGHT PERCENT CHANGE IN FUTURES VALUES
Grains |
Corn |
Beans |
Meal |
Soy Oil |
W |
KC |
Mpls |
% Daily Change |
|
||||||
OCT |
|
|
-0.5% |
+0.2% |
|
|
|
DEC 13(or X) |
-0.0% |
-0.2% |
-0.5% |
+0.1% |
-0.3% |
-0.2% |
-0.1% |
JULY 14 |
+0.1% |
-0.1% |
-0.1% |
+0.2% |
-0.2% |
-0.1% |
+0.1% |
DEC 14(or X) |
-0.0% |
+0.0% |
-0.1% |
+0.4% |
-0.1% |
|
-0.1% |
|
|
|
|
|
|
|
|
Macros |
Dollar |
10 Yr |
S+P |
Crude |
Copper |
Gold |
Silver |
% Daily Change |
+0.5% |
-0.1% |
+0.2% |
-0.1% |
-1.8% |
-1.5% |
-2.4% |
SPOT TRUCK BASIS BID
MEMPHIS |
CHICAGO |
Champaign ILLINOIS |
CEDAR RAPIDS |
HERFORD, TX |
DENVER |
|
CORN |
-10 CZ |
-10 CZ |
-10 CZ |
+29 CZ |
+90 CZ |
+0 CZ |
change |
+2 |
0 |
0 |
+1 |
-2 |
0 |
|
|
|
|
|
|
|
BEANS |
+25 SX |
-5 SX |
-12 SX |
+0 SX |
|
|
change |
+5 |
0 |
0 |
-1 |
|
|
UPCOMING REPORTS
Week of 10.07.13 – USDA reports cancelled until government shutdown is over
Wed 10.09 9:30 am EIA Energy Stocks
Thur 10.10 7:30 am Export Sales
Fri 10.11 11:00 am USDA SUPPLY/DEMAND REPORT – delayed
CROP PRODUCTION REPORT
2:00 pm Commitment of Traders report
Week of 10.14.13
Mon 10.14 10:00 am Export Inspections
LAST TRADING DAY OCTOBER SOY MEAL/OIL
COLUMBUS DAY
3:00 pm Weekly Crop Progress Report
Tues 10.15 3:30 pm API Energy Stocks
Futures Delivery Stocks
NOPA CRUSH
Wed 10.16 9:30 am EIA Energy Stocks
Thur 10.17 7:30 am Export Sales
DEBT CEILING DEADLINE
Fri 10.18 2:00 pm Commitment of Traders report
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