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Registered: ‎09-09-2014
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Floor Talk April 4

[ Edited ]

At the close:

At the close, the May corn futures finished 4 3/4¢ lower at $3.65, while December futures closed 4 1/4¢ lower at $3.87. May soybean futures ended 1/2¢ lower at $9.37 3/4. November soybean futures closed 1 1/4¢ lower at $9.49. May wheat futures finished 3/4¢ lower at $4.27. May soy meal futures finished $0.50 per short ton higher at $308.10. May soy oil futures closed $0.01 higher at 31.43¢ per pound.  In the outside markets, the Brent crude oil market is $0.76 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 28 points higher.

 

Mike

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At mid-session:

At mid-session, the May corn futures are 4¢ lower at $3.63, while December futures are 3 3/4¢ lower at $3.88. May soybean futures are 1/2¢ lower at $9.37. November soybean futures are 1/4¢ lower at $9.50. May wheat futures are 1/4¢ lower at $4.27. May soy meal futures are $0.10 per short ton higher at $307.70. May soy oil futures are $0.01 higher at 31.43¢ per pound.  In the outside markets, the Brent crude oil market is $0.85 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 35 points higher.

 

Mike

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At 9am:

In early trading, the May corn futures are 1/2¢ higher at $3.68, while December futures are 1/2¢ higher at $3.92. May soybean futures are 2 1/4¢ higher at $9.40. November soybean futures are 2¢ higher at $9.52. May wheat futures are 3 1/4¢ higher at $4.31. May soy meal futures are $1.70 per short ton higher at $309.30. May soy oil futures are $0.08 lower at 31.34¢ per pound.  In the outside markets, the Brent crude oil market is $0.33 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 19 points lower.

 

Mike

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Wheat futures were slightly higher in overnight trading, taking corn with them, as investors are still focused on the planting report. At least for now. Wheat was up about 2 cents and corn gained a penny overnight. Soybeans were up about 2 cents as well. The first crop progress report was sent by the USDA, and 51% of winter wheat was in good or excellent condition -- better than I'd thought it'd be. That said, the good parts are in soft-red country while hard-red ratings were much lower due to the volatile weather they've had in the southern Plains. Weatherwise, Indiana and Ohio are getting thunderstorms while an odd April winter storm moves into western Oklahoma and the Texas panhandle. 


Here's what happened overnight:

 

Brent Crude Oil = 0.6% higher.  

West Texas Intermediate Crude Oil = 0.5% higher.

Dollar = up 0.1%.

Wall Street = U.S. stock futures lower in pre-market trading.

World Markets = Global stocks mixed amid bad auto news.