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Community Manager
marketeye
Posts: 3,097
Registered: ‎05-03-2010
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Floor Talk April 16

[ Edited ]

At the close:

The May corn futures contract settled 6 1/4 cents lower at $4.97. The Dec. corn futures finished 4 cents lower at $4.99. The May soybean futures contract closed 17 1/2 cents higher at $15.18. The Nov. soybean futures closed 8 1/4 cents higher at $12.37. May wheat futures ended 13 3/4cents lower at $6.88 per bushel. The May soymeal futures contract closed $3.60 per short ton higher at $491.00. The May soyoil futures closed $0.88 higher at $43.71.
In the outside markets, the Brent crude oil is $0.15 per barrel higher, the dollar is lower and the Dow Jones Industrials are 162 points higher.

 

One analyst sized up today's trade like this: "Warmer forecasts in combination with less concern about the damage of freezing weather in the southern plains has led corn and wheat lower while soybeans continue to spread old crop against new crop in a scramble to ration old crop supplies which were tightened even further by yesterday’s crush number coming in 7 million bushels greater than expected."

 

 

Mike

---------

At mid-session:

The May corn futures contract is trading 6 cents lower at $4.97. The Dec. corn futures are trading 4 cents lower at $4.98. The May soybean futures contract is 14 cents higher at $15.15. The Nov. soybean futures are trading 4 cents higher at $12.33. May wheat futures are 10 cents lower at $6.91 per bushel. The May soymeal futures contract is trading $2.20 per short ton higher at $489.60. The May soyoil futures are trading $0.76 higher at $43.59.
In the outside markets, the Brent crude oil is $0.41 per barrel higher, the dollar is lower and the Dow Jones Industrials are 105 points higher.

 

Mike

-----------
At the open:

The May corn futures contract is trading 1 cent higher at $5.04. The Dec. corn futures are trading unchanged at $5.03. The May soybean futures contract is 15 cents higher at $15.17. The Nov. soybean futures are trading 7 cents higher at $12.36. May wheat futures are 8 cents higher at $7.10 per bushel. The May soymeal futures contract is trading $5.60 per short ton higher at $493.30. The May soyoil futures are trading $0.35 higher at $43.18.
In the outside markets, the Brent crude oil is $0.70 per barrel higher, the dollar is lower and the Dow Jones Industrials are 101 points higher.

 

Mike

----------------

At 7:30am:

Early calls: Corn is seen 1-2 cents lower, soybeans 16-17 cents higher, and wheat 1-2 cents higher.

Trackers:
Overnight grain, soybean markets=Trading mostly higher.

Brent Crude Oil=$1.05 per barrel higher.
Dollar=Lower.

Wall Street=Seen higher.

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

 


More in a minute,

 

Mike

Veteran Advisor
Palouser
Posts: 2,156
Registered: ‎05-13-2010
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Re: Floor Talk April 16

Maybe it's just me but I find it hard to scan the current commodity prices in paragraph form. On the other hand, your 'trackers' list is VERY simple to scan.

Esteemed Advisor
Hobbyfarmer
Posts: 3,868
Registered: ‎01-10-2012
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Re: Floor Talk April 16

[ Edited ]

At the open:

The May corn futures contract is trading 1 cent higher at $5.04.

The Dec. corn futures are trading unchanged at $5.03.

 

The May soybean futures contract is 15 cents higher at $15.17.

The Nov. soybean futures are trading 7 cents higher at $12.36.

 

May wheat futures are 8 cents higher at $7.10 per bushel.

 

The May soymeal futures contract is trading $5.60 per short ton higher at $493.30.

The May soyoil futures are trading $0.35 higher at $43.18.



In the outside markets, the Brent crude oil is $0.70 per barrel higher, the dollar is lower and the Dow Jones Industrials are 101 points higher.

 

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 Advisor
Palouser
Posts: 2,156
Registered: ‎05-13-2010
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Re: Floor Talk April 16

Well done!

Esteemed Advisor
Hobbyfarmer
Posts: 3,868
Registered: ‎01-10-2012
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Re: Floor Talk April 16

[ Edited ]

:smileyhappy:

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."
Contributor
saturated
Posts: 29
Registered: ‎07-21-2011
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Re: Floor Talk April 16

Weekly Ethanol production:

ethanol

Senior Contributor
Slim123
Posts: 195
Registered: ‎01-20-2012
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Re: Floor Talk April 16

Saturated: Thanks for posting that useful website.

Veteran Contributor
Canuck5
Posts: 105
Registered: ‎04-23-2013
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Re: Floor Talk April 16

What's up wth the reversal in wheat?  Are there some new reports of fields recovering?

Veteran Advisor
Shaggy98
Posts: 3,886
Registered: ‎06-19-2011
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Re: Floor Talk April 16

Probably sprinkled in Chitown.
Contributor
northnd
Posts: 11
Registered: ‎05-03-2013
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Re: Floor Talk April 16

1. Frost is actually a form of moisture which is seen as beneficial

2. Parts of Texas, Okl. and Kansas effected production offset by carryover in Canada.

3. Profittaking

4. Turnaround Wednesday

 

Take your pick of these facisious comments.  Hey, lets have some more added just for fun.  Sad thing is maybe some of these are actually seen as valid in the nether-regions.