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Community Manager
marketeye
Posts: 3,182
Registered: ‎05-03-2010
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Floor Talk April 10

[ Edited ]

See the latest in the Your World In Agriculture   section. Here is what you fill find:

 

--Sudhir Gore, a Business Journalist from Central India, reports that India's wheat harvest is finding crop damage. Watch the video.

 

--Scott Shellady reports about why investment banks are getting out of the commodities business.

 

--Iurii Mykhailov, Ukrainian Economist, says a very important time is approaching for the Ukraine/Russia crisis.

 

--Luis Vieira, a Brazilian journalist, updates us on how Brazil's corn output is falling.

 

Once on the Your World In Agriculture page, click on the author and see the stories.

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 At the close:

The May corn futures contract settled 1 centlower at $5.01. The Dec. corn futures finished 1/4 of a cent lower at $5.05. The May soybean futures contract settled 13 cents lower at $14.82. The Nov. soybean futures finished 2 cents lower at $12.25. May wheat futures closed 6 3/4 cents lower at $6.62 per bushel. The May soymeal futures contract ended $2.60per short ton lower at $479.50. The May soyoil futures finished $0.41 lower at $42.50.
In the outside markets, the Brent crude oil is $0.29 per barrel lower, the dollar is lower and the Dow Jones Industrials are 247 points lower.

 

Mike

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At mid-session:

The May corn futures contract is trading 2 1/4 cents lower at $5.00. The Dec. corn futures are trading 2 cents lower at $5.03. The May soybean futures contract is 15 1/2 cents lower at $14.79. The Nov. soybean futures are trading 8 3/4 cents lower at $12.18. May wheat futures are 8 1/2 cents lower at $6.60 per bushel. The May soymeal futures contract is trading $3.30 per short ton lower at $478.80. The May soyoil futures are trading $0.49 lower at $42.42.
In the outside markets, the Brent crude oil is $0.05 per barrel lower, the dollar is lower and the Dow Jones Industrials are 144 points lower.

 

 

Mike

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At the open:

The May corn futures contract is trading 3 1/2/ cents lower at $5.00. The Dec. corn futures are trading 3 1/2 cents lower at $5.02. The May soybean futures contract is 2 1/4 cents lower at $14.93. The Nov. soybean futures are trading 4 1/4 cents lower at $12.23. May wheat futures are 1 1/2 cents lower at $6.67 per bushel. The May soymeal futures contract is trading $1.80 per short ton higher at $483.90. The May soyoil futures are trading $0.46 lower at $42.45.
In the outside markets, the Brent crude oil is $0.50 per barrel lower, the dollar is lower and the Dow Jones Industrials are 15 points lower.

 

Mike

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At 7:30am:

USDA Weekly Export Sales Announced Thursday:

 

Corn=716,700 tons vs. the trade's expectations of 700,000 mt.

Soybeans= 289,500 tons vs. the trade's expectations of -150,000 to +200,000 mt.

Wheat= 390,900 tons  vs. the trade's expectations of 390,900 mt.

 

Mike

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At 6:30am:

Early calls: Corn is seen old crop 1-2 cents lower, soybeans 7-9 cents lower, and wheat mixed.

Trackers:
Overnight grain, soybean markets=Trading lower.

Brent Crude Oil=$0.34 per barrel lower.
Dollar=Lower.

Wall Street=Seen modestly lower. China reports lower imports and lower exports than expected Thursday.

World Markets=Europe stocks were higher, Asia/Pacific stocks higher.

 


More in a minute,

 

Mike

Advisor
giolucas
Posts: 1,129
Registered: ‎06-25-2010
0

Re: Floor Talk April 10

Don't tell me, profit taking and not enough sales in soybeans.   Down today, higher tomorrow.

Esteemed Advisor
Hobbyfarmer
Posts: 4,034
Registered: ‎01-10-2012
0

Re: Floor Talk April 10

What a relief that last report was.

 

Plenty of corn AND we are NOT going to run out of beans.

 

We are even going to have enough wheat for all the bread and pasta we can eat.

 

Whew that was a close one. No worries...be happy.

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Veteran Contributor
M-Farmer2287
Posts: 99
Registered: ‎04-05-2014
0

Re: Floor Talk April 10

😂north central ok,, well wild rye is heading 1 ft. Off the ground and looks stressed to say the least!!! So wht. Is about six inchs and blue in the good ground😱 futures down 10 wow ?? And this is the better off area!!! If you have wht. Left I applaud you!!!! Chances for rain down to30% Sunday and monday !!!