On this day in 2007, the Dow Jones hit an all-time high at _______ points before the financial crisis (within 1k either way)
Look below for the answer
Grain Market Insight
Morning Grain Comments 10-9-2024 – The grain markets eased into the night session with all of the grains opening lower then moved higher with wheat leading the way to the up side. The StoneX Quick Editorial (QE) this morning stated, “soybeans and meal drove an overnight recovery but the feed grains have the better stories heading into Friday’s USDA Oct S&D; corn has to roll in lower old-crop stocks and the trade is expecting a crop decline also…” The October WASDE is scheduled to be released Friday at 11:00 a.m. In world grain trade news, Algeria purchased up to 20.9 million bushels of milling wheat reportedly coming from the Black Sea region, flour millers in South Korea purchased 1.1 million bushels of wheat from the U.S., Japan has tendered for 2.4 million bushels of feed wheat and 1.1 million bushels of feed barley, and Jordan did not make a purchase in their most recent tender for up to 4.4 million bushels of milling wheat so they will likely tender again soon. At the end of the night session at 7:45 this morning, Kansas City December wheat was 6.75 cents higher, Chicago December corn was up 2 cents, and Chicago November soybeans were 2 cents higher. Have wonderful day.
Afternoon Grain Comments 10-8-24- StoneX reporting, “China returned from holiday and their oilseed market collapsed on heavy selling. The Dalian dropped the equivalent of 70 cents/bu and meal dropped 17 dollars/st. The contagion spread to the US markets with no bullish fundamental input on from the Western Hemisphere.” Weather outlooks are showing no rain for the next 15 days for the corn belt. In world news, Rosario Exchange says Argentina’s dryness is significant and recent rains haven’t erased their yield loss. They are still expected to reduce the crop estimate in the next update. At the close, cash wheat was a penny higher, milo and corn were 5 cents lower and soybeans were 18 cents lower. Have a good evening.
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