As trader expectations suggest a rise in U.S. soybean production and ending stocks in Tuesday’s October crop report, soybeans are under heavy selling pressure and have fallen to the lowest level since March. Corn finished a bit firmer on expectations that yield and ending stocks could decline; wheat futures closed modestly lower.
GENERAL COMMENTS
December corn closed up 2 1/2 cents per bushel and March corn was up 2 3/4 cents. November soybeans closed down 14 3/4 cents and January soybeans were down 14 1/2 cents. December KC wheat closed down 3 cents, December Chicago wheat was down 2 1/4 cents and December Minneapolis wheat was down 1 cent.
The December U.S. Dollar Index is trading up 0.266 at 94.345. The Dow Jones Industrial Average is down 142.22 points at 34,604.03. December gold is down $1.90 at $1,755.50, December silver is down $0.07 at $22.64 and December copper is up $0.0860 at $4.3615. November crude oil is up $1.04 at $80.39, November heating oil is up $0.0373, November RBOB is up $0.0097 and November natural gas is down $0.236.
