Black Monday, when the Dow Jones Industrial Average lost 22% or 508 points, occurred on this day of what year?
         
See below for the answer

Morning Grain Comments 10-19-2018 – The grain markets were mixed overnight but didn’t move much either way, so mostly steady.  The soybean price was said by FCStone this morning to be “tucked in below chart resistance” but had a little strength compared to the weakness in the wheat market.  In world grain trade news, China sold 47 million bushels from their state reserves and in a related note, China reportedly culled 200,000 pigs due to African Swine Fever.  At the end of the night session at 7:45 this morning, Kansas City December wheat was 0.75 cent lower, Chicago December corn was down 0.5 cent, and Chicago November soybeans were a penny higher.  Have a great day and weekend.  
 
Afternoon comments 10-18-18 December corn closed slightly lower, pressured by a disappointing report of export sales.  Last week’s corn export sales only totaled 15.1 million bushels.  Demand for US corn remains good as this year’s corn export commitments remain 41% higher than a year ago.  November soybeans closed sharply lower today after another week of disappointing export sales.  Last week’s soybean exports sales came in well below trade estimates with only 10.8 million bushels being sold.  This slow pace has total commitments down 21% from the previous year.  December KC wheat closed modestly lower in sympathy with corn and beans.  Last week’s wheat export sales did fair a little better then corn and beans with 17.5 million bushels being sold, which was right in the middle of trade estimates.  Closing cash bids corn and milo down 3 cents, soybeans 22 cents lower, and wheat closed the day down 6 cents.  Have a great evening. 

1987

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