News From The Grain Floor 09/04/15

US markets will be closed Monday for Labor Day holiday. See attachment for trading hour schedules

Overnight closes

  • SX up 3 at 872 ½
  • CZ up a ½ at 362
  • WZ up 2 ½ at 467 ¾
  • KC WZ up 1 ¾ at 469 ¼
  • MWZ up 2 ¼ at 502 ½
  • SMZ  up 1.10 at 309.30
  • BOZ up 7 at 2714

Overnight volume

  • SX 9,181
  • CZ 16,338
  • WZ 8,576
  • KC WZ 668
  • MWZ 284
  • SMZ 2,448
  • BOZ 10,447

Funds

 

COT

COT

COT

 

 

 

 

 

 

 

Current

 

18-Aug

25-Aug

to COT

26-Aug

27-Aug

28-Aug

31-Aug

1-Sep

2-Sep

3-Sep

Estimate

Corn

15347

18646

3299

-6000

5000

0

1000

-10000

-5000

-8000

-4354

Wheat

-37562

-41980

-4418

-4000

-5000

-5000

2000

1000

-6000

-8000

-66980

Soybeans

247

-24071

-24318

-9000

8000

5000

3000

-8000

0

-3000

-28071

Soymeal

42705

49874

7169

-3000

-1000

-3000

-1000

-3000

2000

-2000

38874

Soyoil

-23221

-20963

2258

-6000

6000

7000

1000

-6000

-5000

0

-23963

News

Dec Euro 1.150 up .0015

China markets are closed today for holiday.

Nikkei down 2.15%

Hang Seng down .5%

Shanghai Index closed , trading resumes Monday

China grain markets closed today for holiday , trading resumes Monday

Malaysian palm oil market closed down 1

South Korea bought 61,000 tons of US or South American corn for March shipment

South Korea Flour Mills bought 80,100 tons of Australian wheat

Deliveries

  • Bean oil 379 with the date current
  • Rice 57 with the date current
  • Corn 952 with the date current
  • Chicago wheat 355 with the date current
  • KC wheat 57 with the date current
  • No Minneapolis wheat
  • No beans
  • No meal

Receipt Registrations as of yesterday afternoon.

  • Wheat = 797
  • Oats = 18
  • Corn =1,137
  • Ethanol = 0
  • DDGs = 0
  • Beans = 0
  • Bean oil = 3,024
  • Soymeal = 0
  • Rice = 2,582

o   20 new rice receipts were registered yesterday afternoon

  • KC wheat = 184
  • Minneapolis wheat =  744

o   22 new Minneapolis wheat receipts were registered yesterday

Upcoming reports/events:

  • Weekly COT report comes out today at 230 pm SCT
  • US markets will be closed Monday September 7th for Labor Day Holiday . See attachment for holiday trading schedule. Friday normal trade session, overnight markets will not be open Sunday night and will be open Monday night for Tuesday’s trade date.
  • Weekly US export inspections report and weekly US crop progress report will come out on Tuesday
  • Malaysian Palm Oil Board will come out with their August palm oil data report on Thursday Sept 10th
  • Surveyors SGS and Intertek will estimate Malaysia’s Sept 1-10th palm oil exports on Thursday Sept 10th
  • CONAB comes out on Friday September 11th with their final ‘13/14 Brazilian crop estimates. CONAB will start estimating ‘15/16 in October.  
  • USDA crop production and supply and demand report comes out on Friday 9-11-15 at 11 am CST
  • FOMC two day policy meeting September 16-17
  • Last trading day for September futures is Monday Sept 14th . Futures expire at noon CST
  • NOPA August crush report is Tuesday Sept 15th . NOPA comes out at 11 am CST
  • October options expire on Friday Sept 25th. Options expire on the close
  • Argentina president elections on October 25th , Argentina’s leading opposition candidate Macri told farm groups yesterday he would lower soybean export taxes and lift quotas on wheat and corn shipments
  • USDA will restart monthly census crush reports, report was supposed to come out on August 3rd , but this report was delayed. The report will not come out until October
  • OPEC to meet in early December

Data sources: Dow Jones , Bloomberg, Reuters , DTN news, barchart.com, CME Group and NYSE