Closing Report

Here's what pushed the markets today.

Closing prices, Thu Oct 15 · change vs. yesterday's close

• Corn (Dec): $4.78/bu, down 2.5¢ (-0.52%)
  • Why: CBOT review: Soybeans/corn weaken despite slower harvest. Soybeans (-1.02%) and wheat (-0.59%) were lower too, so the selling was across the grain market. It settled near the low of the day.
  • Today's range: 4.78–4.83 · Week: down 22¢ (-4.40%)
• Soybeans (Nov): $12.64/bu, down 13¢ (-1.02%)
  • Why: CBOT Soybean Oil Futures Fall on EPA RIN Reallocation Uncertainty, Harvest Pressure - News and Statistics. Corn (-0.52%) and wheat (-0.59%) were lower too, so the selling was across the grain market. It settled near the low of the day.
  • Today's range: 12.62–12.77 · Week: down 23.25¢ (-1.81%)
• Wheat (Dec): $6.69/bu, down 4¢ (-0.59%)
  • Why: Wheat trades mixed while corn and soybeans decline in Chicago on Wednesday. Corn (-0.52%) was lower too, so the selling was across the grain market. It settled near the low of the day.
  • Today's range: 6.67–6.81 · Week: down 14¢ (-2.05%)
• Live Cattle (Dec): $227.20/cwt, up $2.07 (+0.92%)
  • Why: ICE to launch cattle and hog futures in challenge to CME. Feeder cattle (+1.06%) and hogs (+0.83%) were higher too, so the buying was across the livestock market.
  • Today's range: 224.95–227.90 · Week: up $3.65 (+1.63%)
• Feeder Cattle (Nov): $342.05/cwt, up $3.60 (+1.06%)
  • Why: ICE to launch cattle and hog futures in challenge to CME. Live cattle (+0.92%) were higher too, so the buying was across the livestock market. Corn was down 0.52%, which lowers feed costs for feeder buyers. It settled near the high of the day.
  • Today's range: 338.27–342.27 · Week: up $7.18 (+2.14%)
• Lean Hogs (Dec): $66.62/cwt, up $0.55 (+0.83%)
  • Why: Lean Hog Futures Hit Contract Low on Shifting Consumer Demand. Live cattle (+0.92%) were higher too, so the buying was across the livestock market. It settled near the high of the day.
  • Today's range: 65.80–66.68 · Week: down $1.97 (-2.88%)
• Crude Oil (Nov): $97.99/bbl, up $2.90 (+3.05%)
  • Why: THE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: Russell. It went against diesel (-1.93%), which was lower. It settled near the high of the day.
  • Today's range: 93.58–98.32 · Week: up $6.50 (+7.10%)
• Heating Oil (Nov): $4.8321/gal, down 9.53¢ (-1.93%)
  • Why: Heating Oil Prices Decline. It went against crude oil (+3.05%), which was higher.
  • Today's range: 4.7662–4.9336 · Week: down 5.08¢ (-1.04%)
• Natural Gas (Nov): $3.226/MMBtu, up $0.03 (+0.88%)
  • Why: Following Bullish Storage Print, Natural Gas Futures Sustain Rally.
  • Today's range: 3.195–3.323 · Week: up $0.06 (+1.83%)
• Gold (Dec): $4,178.90/oz, up $71.00 (+1.73%)
  • Why: International Gold Prices Rebound in a Day After Shrugging Off US Inflation Shock — Dollar Weakness and Fed Caution Provide Support. Silver (+2.48%) was higher too, so the buying was across the metals market. It settled near the high of the day.
  • Today's range: 4,120.90–4,189.90 · Week: up $21.90 (+0.53%)
• Silver (Dec): $57.27/oz, up $1.39 (+2.48%)
  • Why: Silver futures rise to ₹2.08 lakh per kg. Gold (+1.73%) was higher too, so the buying was across the metals market. It settled near the high of the day.
  • Today's range: 55.62–57.40 · Week: down $2.16 (-3.63%)
• Copper (Dec): $6.5545/lb, down 10.6¢ (-1.59%)
  • Why: Copper Futures Drop for Third Session on US Inflation Data | Supply Constraints.
  • Today's range: 6.5245–6.6380 · Week: down 1.4¢ (-0.21%)

Grain shipping this week

• St. Louis barge rate 673% of tariff (about $26.87/ton), down 7% from last week, up 34% from a year ago, up 15% from the 3-yr average (week of Oct 13).
• Barges moved 399k tons of grain down river (week ending Oct 10), up 20% from the week before, down 18% from a year ago, down 23% from the 3-yr average.
• Shuttle railcars for this month trade over tariff: BNSF $575 (last week $575), UP $400 (last week $125) per car.
• Ocean freight to Japan (Sep): Gulf $76.38/ton, PNW $37.31/ton; a year ago $57.13 and $29.63.

Barge, rail, ocean and river

On deck

• Fri: Weekly recap email (Week in Review), 3:00pm CT

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