Grain futures today uSDA crop progress reported

USDA crop progress reported slower-than-average harvest pace, pushing grain futures today into the green. Soybeans are benefiting from steady export demand to Southeast Asia, holding near $13.15 after recent dips. Michelle: The other thing we should talk about is the fact that we are trading harvest pressure. The harvest is moving very quickly throughout the Midwest. You're going to have some hedge pressure at times on this market, aren't you? U.S. government shuts down… A midnight U.S. government funding deadline passed with no agreement among Congress members, triggering the government’s first shutdown in nearly seven years and shuttering the government, aside from essential duties. The shutdown could be prolonged due to a stalemate over health care subsidies, with the White House’s budget office ordering agencies to begin executing their plans for a funding lapse. The shutdown would disrupt the jobs of hundreds of thousands of Americans, upend many public services and could have economic effects, including a potential spike in the unemployment rate and delays in key economic data, including this Friday’s Labor Department employment situation report for September. Grain futures today reflect increased volatility, with soybeans recovering 0.5% amid rising crush margins in China. Analysts note that managed money positions have shifted back to net long in beans, signalling renewed optimism for Q3 demand.