- Agriculture.com Community
- Announcements & Forum Help
- Farm Business
- Young & Beginning Farmers
- Cattle Talk
- Crop Talk
- Hog Talk
- Machinery Talk
- Machinery Marketplace
- Shops, buildings and bins
- Ask the SF Engineman!
- Computers & more
- Precision Agriculture
- People & Rural Life
- Ag Forum
- Women In Ag
- Agriculture.com Blogs
- Your Farm in the Future
- Women in Ag: Lisa Foust Prater
- Women in Ag: Brenda Frketich
- Women in Ag: Anne Miller
- Women in Ag: Jennifer Dewey
- Women in Ag: Talkin' Turkey with Lara Durben
- Women in Ag: Heather Lifsey Barnes
2 weeks ago - last edited a week ago by marketeye
At the close:
At the close, the March corn futures settled 5 1/4¢ lower at $3.73 1/2, while the December corn futures finished 3 3/4¢ lower at $3.99. March soybean futures closed 17 1/2¢ lower at $10.43 3/4, while the November soybean futures finished 10 1/4¢ lower at $10.24. March wheat futures ended 7¢ lower at $4.47 3/4. March soy meal futures closed $4.90 lower at $342.00. March soy oil futures ended $0.42 lower at 33.52¢ per pound. In the outside markets, the Brent crude oil market is $0.19 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 29 points lower.
Jason Roose, U.S. Commodities grain analyst, says that corn and beans are lower, after trading mixed earlier.
“Today’s weekly export sales report showed better than expected exports in all commodities. It’s no surprise the markets are lower with the volatility in the US dollar the past few weeks, stepped up producer selling and improved weather in South America with soybean demand starting to shift to Brazil,” Roose says.
At mid-session, the March corn futures are 1 1/4¢ lower at $3.77, while the December corn futures traded 1¢ lower at $4.01. March soybean futures are 5 1/4¢ lower at $10.56, while the November soybean futures are 4 1/4¢ lower at $10.30. March wheat futures are 6 1/4¢ higher at $4.61. March soy meal futures are $0.20 lower at $346.70. March soy oil futures are $0.39 lower at 33.55¢ per pound. In the outside markets, the Brent crude oil market is $0.20 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 27 points lower.
At the open:
At the open, the March corn futures are 1/4¢ lower at $3.78. March soybean futures are 1¢ lower at $10.60. March wheat futures are 1¢ higher at $4.55. March soy meal futures are unchanged at $346.90. March soy oil futures are $0.19 lower at 33.75¢ per pound. In the outside markets, the Brent crude oil market is $0.39 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 23 points lower.
Soybeans and grains were lower overnight after a big jump yesterday amid favorable weather in several countries. Beans lost about 4 cents while corn was down a penny. Wheat was off by a couple cents. Not much going on weatherwise, though parts of eastern Kansas and western Mizzou are in a red-flag warning due to low humidity and strong winds. In other news, the NOPA crush report beat expectations yesterday, showing that domestic demand is strong for soybeans, keeping pace with strong ethanol use for corn.
Here's what happened overnight:
Brent Crude Oil = 0.6% higher.
West Texas Intermediate Crude Oil = 0.5% higher.
Dollar = down 0.5%.
Wall Street = U.S. stock futures lower in pre-market trading.
World Markets = Global stocks decline amid economic uncertainty.
2 weeks ago - last edited 2 weeks ago
Low 60's predicted here for the next 5 days or so. Isn't it still February?
Not sure this is good for crop production in the midwest.
Is this what happend when the shadow government turns up the heat?
2 weeks ago
Tigger, you will just have to admit that it is "global warming!"
The Winter of 97 and 98 we had a very mild Winter going until the second week in March. A storm came in dumping 15" of snow and the temps. dropped below zero. That was the coldest part of the whole Winter. It waited until March to happen. Fruit trees could be a concern here.
a week ago
Just like network news entertainment "sounds good" is better than meaning...
Today’s weekly export sales report showed better than expected exports in all commodities". followed by ---" improved weather in South America with soybean demand starting to shift to Brazil,” Roose says.
We are not marketing ..................... We are just trying to figure out who and what moves the markets..... Roose doesn't seem to know either...
a week ago
The real has been rising at least as fast as the price of beans in Brazil no gain in income for them but they are still clearing and increasing acreage at a rapid rate.