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Community Manager
JRae_Anderson
Posts: 30
Registered: ‎10-14-2013
0

Floor Talk - August 19

[ Edited ]

 

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.

 

----------

 

At mid-session:

 

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.

 

-- Jordan

 

---------- 

 

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.

 

Trackers:
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.

-- Jordan

Senior Advisor
ECIN
Posts: 2,110
Registered: ‎10-17-2012
0

Re: Floor Talk - August 19

[ Edited ]

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  :smileywink::smileyhappy:

Senior Contributor
farsider
Posts: 184
Registered: ‎06-28-2010
0

Re: Floor Talk - August 19

[ Edited ]
ECIN hasn't perfected a sarcasm font and his use of emoticons is wildly inappropriate :smileyhappy:
Senior Advisor
ECIN
Posts: 2,110
Registered: ‎10-17-2012
0

Re: Floor Talk - August 19

Ok Farsider - LOL  Then show me how you would do it - I'm still willing to learn - : ) 

Frequent Contributor
NCILL
Posts: 30
Registered: ‎05-16-2014
0

Re: Floor Talk - August 19

Cmon ECIN don't shoot the messenger.:smileymad: 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! 

Esteemed Advisor
sw363535
Posts: 4,777
Registered: ‎07-18-2011
0

Re: Floor Talk - August 19

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?

sw
Frequent Contributor
NCILL
Posts: 30
Registered: ‎05-16-2014
0

Re: Floor Talk - August 19

Oh boy...........raining again in Chicago..........there goes another dime:smileyfrustrated:

Senior Contributor
luisvieira
Posts: 248
Registered: ‎04-24-2012
0

Re: Floor Talk - August 19

So about these news?

Argentina Farmers Struggle to Finance Crops After Default

 

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?

Senior Advisor
Shaggy98
Posts: 4,241
Registered: ‎06-19-2011
0

Re: Floor Talk - August 19

What do you mean by finance crops?  Are you reffering to borrowing money for all the inputs just to get the crop planted?

Senior Contributor
luisvieira
Posts: 248
Registered: ‎04-24-2012
0

Re: Floor Talk - August 19

Yes. Interest rate at 40% yr....