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a week ago - last edited a week ago by marketeye
At the close:
At the close, the March corn futures settled 5 1/4¢ lower at $3.68 1/4. The December corn futures finished 4 3/4¢ lower at $3.94 1/4. March soybean futures ended 11 1/4¢ lower at $10.32 1/2, while the November soybean futures finished 5 3/4¢ lower at $10.18 1/4. March wheat futures closed 6 3/4¢ lower at $4.41. March soy meal futures closed $2.40 per short ton lower at $339.60. March soy oil futures ended $0.63 lower at 32.89¢ per pound. In the outside markets, the Brent crude oil market is $0.10 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 43 points lower.
At mid-day, the March corn futures are 3¢ lower at $3.70. The December corn futures are 3¢ lower at $3.96. March soybean futures are 8 3/4¢ lower at $10.35, while the November soybean futures are 6 1/2¢ lower at $10.17. March wheat futures are2 1/4¢ lower at $4.45. March soy meal futures are $1.70 per short ton lower at $340.30. March soy oil futures are $0.56 lower at 32.96¢ per pound. In the outside markets, the Brent crude oil market is $0.23 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 67 points lower.
At the open:
At the open, the March corn futures are 2 3/4¢ lower at $3.70. March soybean futures are 8¢ lower at $10.36. March wheat futures are 3 1/2¢ lower at $4.44. March soy meal futures are $1.20 per short ton at $340.80. March soy oil futures are $0.55 lower at 32.97¢ per pound. In the outside markets, the Brent crude oil market is $0.31 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 64 points lower.
Also on Friday, the USDA announced fresh exports.
Private exporters reported to the U.S. Department of Agriculture export sales of 194,112 metric tons of corn for delivery to Japan. Of the total 60,000 metric tons is for delivery during the 2016/2017 marketing year and 134,112 metric tons is for delivery during the 2017/2018 marketing year.
The marketing year for corn began Sept. 1.
Soybeans and corn were lower overnight on continued concerns about the weather in South America and worries about trade agreements. Beans lost 6 cents while conr was down 3 cents. Wheat lost about 4 cents overnight. Export sales looked decent for soybeans and wheat but were down for corn week-to-week, according to the Department of Agriculture. In weather news, it's going to be record-warm in my native eastern Nebraska and western Iowa today -- I moved south to get away from the cold and now it's 70 degrees in February. Well enjoy it while you can!
Here's what happened overnight:
Brent Crude Oil = 0.5% lower.
West Texas Intermediate Crude Oil = 0.4% lower.
Dollar = up 0.2%.
Wall Street = U.S. stock futures lower in pre-market trading.
World Markets = Global stocks mixed ahead of security meeting this weekend.