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Community Manager
marketeye
Posts: 3,218
Registered: ‎05-03-2010
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Floor Talk February 14

[ Edited ]

At the close:

The March corn futures contract settled 4 3/4 cents higher at $4.45. The March soybean futures contract finished 6 3/4 cents lower at $13.37. March wheat futures finished 3 cents higher at $5.98 per bushel. The March soymeal futures contract settled $2.80 per short ton lower at $450.00. The March soyoil futures finished $0.39 lower at $39.15.
In the outside markets, the NYMEX crude oil is $0.31 per barrel lower, the dollar is lower and the Dow Jones Industrials are 143 points higher.

 

Mike

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At mid-session:

The March corn futures contract is trading 3 3/4 cents higher at $4.44. The March soybean futures contract is 1/2 of a cent lower at $13.43. March wheat futures are 6 1/2 cents higher at $6.02 per bushel. The March soymeal futures contract is trading $1.00 per short ton lower at $451.80. The March soyoil futures are trading $0.22 lower at $39.32.
In the outside markets, the NYMEX crude oil is $0.31 per barrel lower, the dollar is lower and the Dow Jones Industrials are 85 points higher.

 

Mike

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At the open:

The March corn futures contract is trading unchanged at $4.40. The March soybean futures contract is 9 1/2 cents higher at $13.53. March wheat futures are 4 1/2 cents higher at $6.00 per bushel. The March soymeal futures contract is trading $2.70 per short ton higher at $455.50. The March soyoil futures are trading $0.01 lower at $39.53.
In the outside markets, the NYMEX crude oil is $0.05 per barrel lower, the dollar is lower and the Dow Jones Industrials are 22 points lower.

 

Mike

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At 7:50am:

Early calls: Corn is seen 1-2 cents higher, soybeans 6-8 cents higher, and wheat 5-7 cents higher.

Trackers:
Overnight grain, soybean markets=Trading higher.

ICE Brent Crude Oil=$0.04 per barrel lower.
Dollar=Lower.

Wall Street=Seen steady.

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

 


More in a minute,

 

Mike

Senior Contributor
luisvieira
Posts: 248
Registered: ‎04-24-2012
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Re: Floor Talk February 14

[ Edited ]

Hello Mike and hello boys,

 

Here is what I have to share today:

 

The Institute of Rural Technical Assistance of Rio Grande do Sul has informed yesterday that climate conditions in the southernmost state of Brazil in the next days will be crucial. Nearly 90 percent of the soybean crops in Rio Grande do Sul are flowering and the weather forecast from the 14th of February to the 20th of February includes rains in all regions of the state.

In the previous week, most crops in the state suffered with lack of humidity with fall of leaves. According to experts, the soybean production potential will restored.The corn crops at the flowering stage in Rio Grande do Sul have shown “hydrological stress”, but the harvested area was not affected by the dry weather.

In the state of Paraná, also in southern Brazil, torrential rains are also on the way and might change the prospects for the crops. However, some regions already have generated significant losses, as reported previously by AgroSouth News.

Senior Contributor
Slim123
Posts: 203
Registered: ‎01-20-2012
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Re: Floor Talk February 14

I think your weather forecast is a little old if it for January 14th to January 20th!

Senior Contributor
luisvieira
Posts: 248
Registered: ‎04-24-2012
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Re: Floor Talk February 14

Oh, Slim123, Thanks for saying that. I just corrected it for the right month.

Esteemed Advisor
sw363535
Posts: 4,771
Registered: ‎07-18-2011
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Re: Floor Talk February 14

A bit of a rollercoaster morning and beans are not leading it as expected.

sw
Advisor
425Cat
Posts: 1,689
Registered: ‎05-14-2010
0

Re: Floor Talk February 14

Got some left trigger finger getting itchy
Esteemed Advisor
sw363535
Posts: 4,771
Registered: ‎07-18-2011
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Re: Floor Talk February 14

cat my stone report this morning thought we would push 13.70 today and said a close over it would break things out higher.  Not looking that strong yet.

sw
Senior Contributor
bkadds
Posts: 319
Registered: ‎04-29-2011
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Re: Floor Talk February 14

Any thoughts on where this corn is going? Up close near the top on a Friday is a small victory. Have not called recently on the basis so am not sure if it is eating up any board gains.
Advisor
425Cat
Posts: 1,689
Registered: ‎05-14-2010
0

Re: Floor Talk February 14

Fading basis hard here. We i done basis contract
Advisor
farmerguy89
Posts: 1,226
Registered: ‎06-30-2012
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Re: Floor Talk February 14

Everybody wishes they did a basis contract on corn. It's 4.80 for march harvest delivery at terminal now, but i'm thinking 5.30/gal road diesel may cause some cost recalculations though...

I'm getting rid of The last 10 t of beans tomorrow at the elevator for 14.50. Not enough to put on a truck to go 200km for 50 cents.Wish i had physical beans like you guys to have some extra excitement, but I made the right financial decisions in my mind