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Community Manager
marketeye
Posts: 3,154
Registered: ‎05-03-2010
0

Floor Talk February 3

[ Edited ]

At 1pm:

Corn is up 2 cents, soybeans are up 11 cents, and wheat up 6 cents. Grains are surviving a broad-based market sell-off. The stock market and livestock markets are way off.

 

Mike

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At 7:20am:

Early calls: Corn is seen 1-2 cents higher, soybeans 1-2 cents lower, and wheat 1-2 cents higher.

Trackers:
Overnight grain, soybean markets=Trading mostly higher.
Brent Crude Oil=$1.01 per barrel lower.
Dollar=Lower.

Wall Street=Seen higher, as investors await the next big jobs report.

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

 


More in a minute,

 

Mike

Community Manager
marketeye
Posts: 3,154
Registered: ‎05-03-2010
0

Re: Floor Talk February 3

At 7:40am:

There seems to be some talk about processors not having coverage for March needs. Maybe this can spark a rally for corn?

 

Mike

Advisor
farmerguy89
Posts: 1,121
Registered: ‎06-30-2012
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Re: Floor Talk February 3

I'm hearing 4.40 is the magic rally sparking #