It was a great way for corn to start the month of October on Monday, with corn posting gains of about 9 cents a bushel. There was good fundamental support with export loadings at 1.47 MMT. With harvest advancing there will be plenty of corn available to the market, but I suspect farmers will hold and store as much as they have room for. I read on Pro Farmer that the funds bought about 15,000 contracts or 75 million bushels.

Beans had a good start to October, too, Monday as beans saw gains of 17-19 cents a bushel. It was very impressive that beans had a big up day when there was no daily export sales announcement. Export loadings for beans was another big number at 1.1 MMT. The funds were big buyers in beans too with around 8,000 contracts or 40 million bushels. The NOPA crush was below expectations at 131.822 million bushels. The lower crush may be because crushers could not find any beans in the countryside?

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