HIGHLIGHTS
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TRENDS—Mixed: CZ, -$.01; SX, +$.0075; WZ, +$.0050; KWZ, +$.0225
· What caught my eye: Weather impact in Northern Plains/Corn Belt versus China wanting more discussions prior to signing off on “phase one” of the trade deal versus doubts about the overall strength of world commodity demand
· Can we talk some more--China? ASIA: Higher--Nikkei, Closed; Shanghai, +1.15%; Hang Seng, +0.81%. EUROPE: Lower —DAX, -0.88%; FTSE, -0.64%; CAC, -1.00%. WALL STREET—Well, that rally was short-lived-- DOW, -110; S&P, -13; NAS, -42.75. EXTERNALS: Nov crude: -$1.22 @ $53.48; Gold: +$10.70 @ $1,499; $ Index: +.100 @ 98.401
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Weather: Dry weather is forecast for western U.S. Corn Belt today. Dry conditions or just a little light rain is likely Tue., while dry weather is forecast Wed.-Thu. Temps avg. near to below normal today, below normal Tue., near to below normal Wed. & near to above normal Thu. Dry weather is forecast for eastern Corn Belt today. Light rain is likely Tue., but dry weather is forecast Wed.-Thu. Temps avg. near to below normal today, near to above normal Tue., below normal Wed., & near to above normal Thu.
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CZ, dn $.01 @ $3.9675; CH, dn $.0175 @ $4.06. Trade agreement on the horizon as funds buy 35 K to close out the week?
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SX, up $.0075 @ $9.3675; SF, up $.0050 @ $9.51. Funds: Bot 8 SB, 4 SBM, & 2 SBO. Board Crush: $0.77, -4; LY, $1.53
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WZ, up $.0050 @ $5.0850; WH, up $.0050 @ $5.1450. The funds bought an estimated 10 K on Friday
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December 2019 corn futures on Friday closed at $3.97 ¾--highest settlement price for the contract since Aug. 9
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Weather: NWS 6-10 day forecast for Oct. 19-23 calls for above to much above normal precip for the entire Midwest. Temps are forecast to be above normal for most areas except Northern Plains where normal readings are projected
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Through Oct. 11, the 2019 crop insurance harvest price for December 2019 corn futures has averaged $3.8986
· ATI Research: USDA Crop Progress report is delayed until Tuesday due to the holiday. The five-year average for corn mature for week ending Oct. 13 is 92%; however, corn mature as of Oct. 6 was only 58%
SOYBEANS/WHEAT
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November 2019 soybean futures on Friday closed at $9.36--highest settlement price for the contract since June 20
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Weather: NWS 6-10 day forecast for Oct. 19-23 calls for above to much above normal precip for the entire Midwest. Temps are forecast to be above normal for most areas except Northern Plains where normal readings are projected
· Through Oct. 11, the 2019 crop insurance harvest price for November 2019 soybean futures has averaged $9.2003
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Chicago SRW December wheat futures on Fri. closed at $5.08--highest settlement price for the contract since July 29
· Dryness concerns persist for reproductive wheat in Western Australia—largest wheat producing state in the country
ENERGY
· Down: CLX19, -$1.22 @ $53.48; EBZ, -$1.45 @ $59.06; EBZ-QCLZ, -.20; RBX, -.0329; NGX, +.069; HOX, -.0365
· Chicago ethanol was up $.05 on Friday at @ $1.67; basis values were mostly weaker: NYC, -$.0150 @ +$.16; Gulf, +$.01 @ +$.06; Dallas, -$.0050 @-.0050; Tampa, -$.01 @ +$.07; LA, -$.01 @ $.13
· Ethanol RINs were weaker with 2018’s,-0.75 @ 7 -9; 2019’s, -0.25 @ 16 ½ -18 ½    
· The November RBOB/November ethanol spread lost $.0205 on Friday to close at $.1310/gallon
LIVESTOCK/POULTRY  
·   Choice boxed beef increased 3-cents on Friday to $215.66 and is $3.70 higher compared to a week ago
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December live cattle futures on Friday closed at $112.150—highest settlement price for the contract since Aug. 1
· USDA mandatory pork carcass cutout value firmed 96-cents on Fri. to $77.02 and is $2.58 higher versus last week
· CME Lean Hog Index gained $0.53 on Fri. to $61.18. October futures firmed $0.525 and are $1.745 above the index  
Sources: Bloomberg, Dow Jones, AP, DTN
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