Markets Weaker on Supply Woes

谷物were modestly lower in the night trade with corn and soybeans off 2 cents a bushel, and wheat down 3. In other markets, S&P futures were up 0.4% while crude oil was up 1%.

Soybeans were hard hit in yesterday’s trade as news continues to be bearish from US harvest. Merchants continue to report bean yields are better than last year by 5 to 10 bushels per acre, and as yields grow, farmers are becoming more willing to make cash sales. Yesterday, FC Stone pegged the soybean crop at 3.919 BB, above their Sept outlook of 3.791 BB, but still below USDA’s Sept projection of 3.935 BB. For corn, they put the crop at 13.541 BB versus last month’s forecast of 13.457 BB and USDA’s 13.585 BB.

在国际新闻中，由于澳大利亚和俄罗斯的干燥，小麦一直处于更高状态。但是，美国在麦田的出口业务继续令周四宣布本周仅77,000吨小麦销售额感到失望，而预期的是250-450,000吨。在南美，一位私人作物观察家估计巴西2016年大豆农作物接近99 MMT，而USDA为97 MMT，而阿根廷则接近60 mmt vs USDA，而USDA则为57。

在股票期货中，周四下关闭后，交易越来越高。在今天早上发布9月份的工作报告之前，本周到目前为止，交易是不可预测的。随着华尔街寻找迹象的迹象，在美联储在9月份保持利率不变之后，美国的经济实力仍然完好无损，这一发布的意义更大。经济学家预计，9月份的非农业工资将增加200,000个工作岗位，高于8月的173,000个工作。预计失业率将保持稳定为5.1％，而平均每小时收益的同比增长率为2.2％。

Oil found strength this morning from ongoing fears about the escalating violence in Syria and expectations of strong economic growth domestically. The oil market was factoring in a risk premium over Syria, where Russia and the US are conducting bombing campaigns. The situation was complicated by the arrival of hundreds of Iranian troops in Syria to join a ground offensive in support of government forces, a sign the civil war is turning still more regional and global in scope. Oil is also being supported by economic optimism ahead of US data that is expected to show the creation of more than 200,000 jobs in September.

—Cody Bills