- It's new contract lows across the board in the grains with Dec. corn -1% to $3.34 per bushel, Dec. wheat -2.2% to $4.77, and Nov. beans -1% to $9.61.
- Related ETFs: CORN -1.2%, WEAT -2.1%, SOYB -1.5%, JJG -1.5%.
- For wheat it's a 4-year low following last week's USDA report estimating a record worldwide harvest of 720M metric tons. The USDA also said wheat exports of 314.5 tons in the week ended Sept. 11 were less than half the previous week.
- The same supply report also predicted record U.S. harvests for both corn and beans.