MARKET PRICE MOVING ON NEW WEEK

Grains and Cotton

Here comes the harvest - November soybeans fell 33 cents to $8.85, the lowest close in six months.
Statistics Canada said that the 2009 wheat crop is estimated at 24.58 million tons, up from its estimate of 23.61 million tons in July. December wheat finished down 11.5 cents at a new contract low of $4.412.
December corn closed down 7 cents at $3.335 with the ten-day forecast for most of the Midwest expecting cooler, but not freezing temperatures along with a few chances for rain.

Livestock

Today's weak jobs report is not good news for the future of beef demand. October cattle closed down 1.15 at 82.95.
After the close, the USDA estimated this week's beef production at 504.4 million pounds, up .8% from a year ago. Pork production was estimated at 469.4 million pounds, up .8% from a year ago. October hogs were down .17 at 49.25.
Cocoa Are concerns about the upcoming West African cocoa crop overdone? December cocoa fell $91 to $3,001, the lowest close in three weeks.

Coffee

According to Dow Jones Newswires, recent rains in Brazil have been beneficial for the flowering stage of next year's coffee crop. December coffee closed up 3 cents at $1.2970.
Metals December gold started the day lower, but closed up $3.60 at $1,004.30 after today's weak jobs report makes it more likely that the federal funds rate will remain low for a long time.

Currencies

Japan's Statistics Bureau said that the unemployment rate improved from 5.7% to 5.5% in August, much better than expected. The December Japanese yen closed up .0017 at 1.1163.
The Nationwide Building Society said that house prices in the U.K. were up .9% in September, the fifth consecutive gain.
Eurostat said that producer prices in the EU-27 were up .2% in August, but down 7.1% from a year ago.


Souce: dailyfutures