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Registered: ‎09-09-2014
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Floor Talk April 7

[ Edited ]

At the close:

At the close, the May corn futures settled 1 1/4¢ lower at $3.59 1/2, while December futures finished 1 1/2¢ lower at $3.84. May soybean futures settled 1/2¢ higher at $9.42. November soybean futures closed 1 1/4¢ lower at $9.49 1/2. May wheat futures ended 3/4¢ higher at $4.24. May soy meal futures closed $1.30 per short ton lower at $307.40. May soy oil futures finished $0.25 higher at 31.62¢ per pound.  In the outside markets, the Brent crude oil market is $0.49 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 40 points higher.

 

Mike

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At mid-session:

At mid-session, the May corn futures are 1 1/2¢ lower at $3.59, while December futures are 2¢ lower at $3.84. May soybean futures are 1 3/4¢ higher at $9.43. November soybean futures are 1/4¢ lower at $9.50. May wheat futures are 1/2¢ higher at $4.23. May soy meal futures are $1.20 per short ton lower at $307.50. May soy oil futures are $0.23 higher at 31.60¢ per pound.  In the outside markets, the Brent crude oil market is $0.51 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 2 points higher.

 

Mike

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At 9am:

In early trading, the May corn futures are 1 3/4¢ higher at $3.59, while December futures are 1 3/4¢ lower at $3.84. May soybean futures are 1 1/2¢ lower at $9.40. November soybean futures are 3¢ lower at $9.47. May wheat futures are 2¢ lower at $4.21. May soy meal futures are $0.10 per short ton higher at $308.80. May soy oil futures are $0.16 lower at 31.21¢ per pound.  In the outside markets, the Brent crude oil market is $0.20 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 31 points lower.

 

Mike

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Soybeans and grains were little changed for a second straight overnight session as investors are getting reports of slowed harvests amid record crops in South America. Beans are down 2 cents while corn was unchanged and wheat lost a penny. Exporters boosted sales of corn and wheat in the week through March 30, but soybean sales declined. In weather news, it's going to be very winter-like in northern Indiana and Ohio today with snow, freezing weather and strong winds. Bundle up if you're in the area. 


Here's what happened overnight:

 

Brent Crude Oil = 0.7% higher.  

West Texas Intermediate Crude Oil = 0.9% higher.

Dollar = up 0.2%.

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

World Markets = Global stocks higher on rising oil prices.