Market Closes - October 9, 2013
Posted on Oct 9, 2013Corn futures made small gains on support from news that China recently made a big corn purchase. Last week’s low at $4.35 remains safely below the market and offers support.
Wheat futures closed down slightly after Tuesday’s generally positive market. Prices remain near the highs posted in this 2-week rally.
Cattle futures also dropped slightly after Tuesday’s strong price action.
Lean Hog futures fell sharply from relatively high levels. A lack of hog and pork price data along with weak financial markets may have encouraged profit-taking by the longs. The CME Group announced how the October Lean Hog contract will be cash-settled if USDA price data is not available by the 15th.
Corn Dec +2 443.5; Jly +2 472; Dec14 +2 485 Bean Nov -1 1288; Jly -5 1247; Nov14 -2 1176 Meal Dec -3 412; Jly -3 385 Oil +24 4067
Wheat Dec -3 690; Jly -2 698 KC -1 759; MGE unch 753
Oats +1 318 Rice +37 1512
LC Oct -27 12800; Feb -47 13357; Apr -40 13467 FC Oct -25 16455; Jan -20 16637; Apr -17 16612 LH Oct -140 8982; Dec -167 8652; Feb -125 8910 Milk Oct +4 1814; Nov +12 1802
US$ +.45% Dow +26 14803 SP +1 1656 NAS -17 3678 Tran +13 6460 VIX -.74 19.60
WTI -212 10137 Brent -120 10896 Gas -1 262 NG -1 370 HO -2 301 Eth +3 172
Gold -18 1307 Slvr -53 2191
2-yr -.03 0.37% 5-yr steady 1.43% 10yr +.03 2.67% 30yr +.05 3.74%
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Tagged Post Topics Include: Economics, Market updates
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