HIGHLIGHTS
· MARKET TREND—Mixed: CZ: down $.0125; SX: up $.01; WZ: down $.0375; KWZU: down $.0475
· MACRO: No missile release by North Korea over the weekend, buoys global markets. ASIA--Higher: Nikkei,+1.41%; Shanghai, +0.37%; Hang Seng, +1.04%. EUROPE: Much Higher: DAX, +1.10%; FTSE, +0.67%; CAC,+1.18%. WALL STREET—Futures are Much Higher—DOW, +120; S&P, +43.25; NAS, +13. EXTERNALS: $ Index: +.144 @ 91.250; Dec Gold: -$9.30 @ $1,342; Oct crude:+$0.34 @ $47.82/bl. Deliveries: SBM, 75; SBO, 399; C, 2; HRW, 7; SB, 0; SRW, 44
· T-storm Weather: Dry weather dominates most areas through Sat. The exceptions are in parts of Delta & far-southeast Corn Belt Tue.-Wed. as the remnant circulation of Hurricane Irma produces 0.50”-1.50” of rain (& lighter amounts of 0.25”-0.75” within the southeast third to half of the Corn Belt), & in/near the northern Plains within Thu.-Sun. when a storm system triggers scattered thunderstorms with 0.67”-1.33” amounts. Temps will be considerably warmer than normal over much of the next 10-14 days
· CZ, down $.0125 @ $3.5550; CH, up $.0125 @ $3.6725. The funds closed out the week buying 3 K
· SX, up $.01 @ $9.63; SF, up $.01 @ $9.73. Funds: sold 4 SB, 3 SBM, & 6 SBO. Board crush: $.85, -7; LY, $.83
· WZ, down $.0375 @ $4.34; WH, down $.03@ $4.5625. The funds went home even on Friday
CORN/SORGHUM
·   Consultant: USDA Crop Progress report—U.S. Corn Good/Excellent est. at 60-61% v. 61% last week and 74% last year
· T-storm Weather: Better rain chances are forecast next week (Sep. 18-24) across U.S. corn areas of the central Midwest as additional storm systems pass, leading to scattered 0.25”-0.75” amounts to further break ongoing drying
· ATI Research: Crop Progress report—The 5-year average for U.S. corn mature increases approximately 12% from Sep. 3-10 to 30%
· Export Inspections released at 10 am CDT; Corn, 35.6 mbu needed; 31.4 last week. Milo—4.0 needed; 0.2 last week
SOYBEANS/WHEAT
· Consultant: USDA Crop Progress report—U.S. Soybean Good/Excellent est. at 60-61% v. 61% last week & 73% last year
· T-storm Weather: Rain amounts of 0.50” to 1.50” affect soybeans across parts of the U.S. Delta and southern Corn Belt from the remnant circulation of Hurricane Irma Tue.-Wed.
· ATI Research: Crop Progress—5-year avg. for U.S. soybeans dropping leaves rises approx. 13% from Sep. 3-10 to 25%
· Export Inspections released at 10 am CDT; Soybeans, 42.8 mbu needed; 23.7 last week
· Export Inspections released at 10 am CDT; Wheat, 17.8 mbu needed; 9.3 last week
· ATI Research: 5-year avg. for U.S. spring wheat harvest progress increases approx. 9% from Sep. 3-10 to 87%
ENERGY
· Mixed: CLV17, +$.34 @ $47.82; EBX, -$0.21 @ $53.37;EBX-QCLX, -.53; RBV, -.0204; NGV, +.024; HOV, -.0227
· Cash ethanol markets were mostly higher on Friday: Chicago up 3/8; New York off ¼; Gulf up ¼; Dallas increased 2 ½; Tampa added 3 ½; and LA was 4 higher at $1.73 per gallon
· Ethanol RINs posted slight declines on Friday: 2016’s and 2017’s fell 3/8 to 85-86
· The Oct RBOB/Oct ethanol spread gave up $.0240/ gallon Friday and settled at +$.11260/gallon
LIVESTOCK/POULTRY  
· Choice boxed beef values was 25-cents lower on Fridayat $191.88, but are still up 53-cents compared to last week
· Light-to-moderate cash cattle trading developed on Friday in the North, with prices near steady with last week
· USDA mandatory pork carcass cutout value fell 84-cents on Friday to $81.58, and is $2.16 lower vs. a week ago
· CME Lean Hog Index eased 43-cents on Fri. to $68.94. October futures firmed $0.70 but are $6.79 below the index
Sources: Bloomberg, Dow Jones, AP, DTN, T-storm Weather