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Market Commentary

EOD Ag Market Recap 10/15 for Oct 15, 2018
This market commentary is for informational purposes only. The views and opinions offered in the report are solely those of Bunge Limited and its subsidiaries ("Bunge"). Bunge is not a futures broker and this is not an offer to buy or sell any commodity or futures contract. The information contained in this commentary has been obtained from sources believed to be reliable but is not necessarily all-inclusive and is not guaranteed as to its accuracy. Persons acting on any information contained in this commentary are responsible for their own actions.
Good evening,


SX18 finished up 24 cents (WOW), CZ18 up 4.5 cents, and WZ18 up 7.75 cents.


Strong exports, rain/frost in North/West causing harvest delays, and a record NOPA report that showed highest crush for the month of Sep (that was within expectations) scared shorts into covering and fueled the market rally today. Corn inspections were up 75% vs last year and beans down 35%. The trade is still concerned about adverse weather impact on the crop. SX18 and CZ18 settled above the 100 DMA and have several other short term moving averages that could act as technical support if the market were to get sold off. 

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