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08-19-2014 07:08 AM - edited 08-19-2014 01:48 PM
Hi all! Mike's out, so I'm filling in today.
At the close:
The Dec. corn futures settled 3/4 of a cent higher at $3.72 1/4.
Nov. soybean futures ended 5 cents lower at $10.52 3/4.
Sept. wheat futures closed 3 1/2 cents higher at $5.46.
The Dec. corn futures are down 3/4 cents at $3.70 3/4.
Nov. soybean futures are trading 11 3/4 cents lower at $10.46.
Sep. wheat futures are up 10 1/4 cents at $5.52 3/4.
At the open:
The Dec. corn futures are trading 2 1/2 cents lower at $3.71.
Nov. soybean futures are trading 8 1/4 cents lower at $10.53.
Sep. wheat futures are 3 3/4 cents lower at $5.41.
At 7:00 a.m. --
Early calls: Corn is seen 2-4 cents lower, soybeans 5-7 cents lower, and wheat 3-5 cents lower.
Overnight grain, soybean markets = Trading mostly lower.
Crude Oil = $.45 per barrel higher.
Dollar = Higher.
Wall Street = Seen higher, inflation continuing to rise.
World Markets = Europe stocks were higher, Asia/Pacific stocks were mostly higher.
08-19-2014 07:30 AM - edited 08-19-2014 07:32 AM
This sure looks like a copy and paste from yesterday -- Just change a number here and one there and you have it - right ? - lets look at yesterdays close from Mike :
At the close:
The Dec. corn futures settled 5 1/2 cents lower at $3.71.
Nov. soybean futures ended 5 3/4 cents higher at $10.57.
Dec. wheat futures closed 9 3/4 cents lower at $5.54
You even done this type work before ??
One more question - Wheres the B-team at = Jeff ??? He always makes the markets go up with his marketeye reports
08-19-2014 07:55 AM
Cmon ECIN don't shoot the messenger. FYI great rain coverage in Chicago proper and the corn growing regions directly east and northeast of there. You can expect a down market when the concrete in the jungle is wet in August.
As far as the real growing regions of the state we were spared the moisture so more praying for us. Kernal abortion is heightening with the lack of moisture for the last two months here. Tip back is about an inch or so on primary ears and the little nubbin second ears Nada! Trip to Galena this weekend affirms that NC to NW Illinois may not even hit trend line yields. Now we just need a normal frost to come in below trend. But I'm positive this upcoming weeks normal to above normal temps will bring the 15% aborted kernals back to life!
08-19-2014 08:10 AM
Rain in Chicago. --------
in general, other than southern Iowa/northern Missouri's attraction for rain clouds, it has rained enough to not call it a drought north of I-70. And enough to keep the guessers seeing the forcast. But for the most part the whole summer across the midwest seemed to me to be pretty "hit and miss".
I know, after severe drought every new rain looks big, but very few good geneal rains over large areas this year. Do I have sand in my eyes?
08-19-2014 02:10 PM
So about these news?
It says that the corn surface could fall 25% as a result. Corn is expensive to grow and they can't get money. So are there better hopes for corn prices?