Closing Report

Here's what pushed the markets today.

Closing prices, Tue Oct 6 · change vs. yesterday's close

• Corn (Dec): $5.08/bu, up 11.25¢ (+2.26%)
  • Why: Corn prices rise as harvest lags behind average pace. Soybeans (+1.87%) and wheat (+1.77%) were higher too, so the buying was across the grain market. It settled near the high of the day.
  • Today's range: 4.96–5.09 · Week: up 6.25¢ (+1.24%)
• Soybeans (Nov): $13.05/bu, up 24¢ (+1.87%)
  • Why: CBOT Soybeans Tick Up As Midwest Rains Raise Crop Questions. Corn (+2.26%) and wheat (+1.77%) were higher too, so the buying was across the grain market. It settled near the high of the day.
  • Today's range: 12.78–13.05 · Week: up 20.75¢ (+1.62%)
• Wheat (Dec): $7.04/bu, up 12.25¢ (+1.77%)
  • Why: CBOT SRW Wheat Futures Rebound Above 50-Day Moving Average. Corn (+2.26%) and soybeans (+1.87%) were higher too, so the buying was across the grain market. It settled near the high of the day.
  • Today's range: 6.89–7.05 · Week: up 21.75¢ (+3.19%)
• Live Cattle (Dec): $224.05/cwt, up $4.07 (+1.85%)
  • Why: Cattle Face Weakness on Monday. Feeder cattle (+2.46%) were higher too, so the buying was across the livestock market. It settled near the high of the day.
  • Today's range: 219.82–224.62 · Week: up $0.87 (+0.39%)
• Feeder Cattle (Nov): $338.25/cwt, up $8.12 (+2.46%)
  • Why: Cattle Face Weakness on Monday. Live cattle (+1.85%) were higher too, so the buying was across the livestock market. It settled near the high of the day.
  • Today's range: 329.85–339.00 · Week: up $1.90 (+0.56%)
• Lean Hogs (Dec): $70.38/cwt, down $0.57 (-0.81%)
  • Why: Hogs Look to Monday Trade. It went against live cattle (+1.85%), which were higher.
  • Today's range: 70.00–71.05 · Week: up $1.45 (+2.10%)
• Crude Oil (Nov): $89.54/bbl, up $0.11 (+0.12%)
  • Why: Crude Oil Futures Separate From Reality as Asia Physical Market Buckles: Russell. Diesel (+0.39%) was higher too, so the buying was across the energy market. It settled near the high of the day.
  • Today's range: 86.86–90.05 · Week: down $3.33 (-3.59%)
• Heating Oil (Nov): $4.5629/gal, up 1.77¢ (+0.39%)
  • Why: Northeast Democrats urge Trump administration action as heating oil costs surge. It settled near the high of the day.
  • Today's range: 4.3513–4.5765 · Week: down 7.91¢ (-1.70%)
• Natural Gas (Nov): $3.115/MMBtu, up $0.05 (+1.60%)
  • Why: Can Technical Support Near $3 Hold for Natural Gas Futures? It settled near the high of the day.
  • Today's range: 3.058–3.127 · Week: up $0.15 (+4.99%)
• Gold (Dec): $4,200.70/oz, up $43.90 (+1.06%)
  • Why: Intercontinental Exchange launches trading in gold futures in London. Silver (+1.05%) was higher too, so the buying was across the metals market. It settled near the high of the day.
  • Today's range: 4,130.70–4,208.00 · Week: down $1.60 (-0.04%)
• Silver (Dec): $61.95/oz, up $0.65 (+1.05%)
  • Why: Gold, silver futures close mixed Monday. Gold (+1.06%) was higher too, so the buying was across the metals market. It settled near the high of the day.
  • Today's range: 60.57–62.05 · Week: up $0.77 (+1.26%)
• Copper (Dec): $6.6600/lb, up 1.9¢ (+0.29%)
  • Why: Copper Gains on Risk-On Mood.
  • Today's range: 6.6105–6.6840 · Week: up 12.2¢ (+1.87%)

This week's export shipments

• Corn: Shipped 53.8 million bushels (1.37 million metric tons) in the week ending Oct 1, down 13% from the week before. Marketing year to date: 280 million bushels, 4% ahead of last year's pace.
• Soybeans: Shipped 41.8 million bushels (1.14 million metric tons) in the week ending Oct 1, down 2% from the week before. Marketing year to date: 146 million bushels, 31% ahead of last year's pace.
• Wheat: Shipped 11.1 million bushels (0.30 million metric tons) in the week ending Oct 1, down 10% from the week before. Marketing year to date: 245 million bushels, 35% behind last year's pace.

Top buyers and pace vs. USDA

On deck

• Wed: EIA crude oil inventories, 9:30am CT

Informational only — not investment, trading or financial advice. Prices may be delayed.