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Veteran Contributor
Posts: 402
Registered: ‎09-09-2014
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Floor Talk February 3

[ Edited ]

At the close:

At the close, the March corn futures settled 2 1/4¢ lower at $3.65 1/4, and new crop December 2017 futures finished 1 3/4¢ lower at $3.92 3/4 per bushel. March soybean futures finished 10 1/4¢ lower at $10.27, while November 2017 soybean futures closed 8 1/4¢ lower at $10.09 3/4. March wheat futures settled 4 1/4¢ lower at $4.30 1/4. March soy meal futures ended $2.20 short ton lower at $331.60. March soy oil futures finished $0.73 lower at 33.86¢ per pound.  In the outside markets, the Brent crude oil market is $0.27 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 177 points higher.

 

Mike

 

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At mid-session:

At mid-session, the March corn futures are 2 3/4¢ lower at $3.64, and new crop December 2017 futures are 2 1/4¢ lower at $3.92 1/4 per bushel. March soybean futures are 5 3/4¢ lower at $10.31, while November 2017 soybean futures are 5 1/4¢ lower at $10.13. March wheat futures are 3/4¢ lower at $4.33. March soy meal futures are $1.00 short ton lower at $332.80. March soy oil futures are $0.45 ower at 34.14¢ per pound.  In the outside markets, the Brent crude oil market is $0.23 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 171 points higher.

 

Mike

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In early trading:

At 9am, the March corn futures are 1 1/4¢ lower at $3.66, and new crop December 2017 futures are 1/2¢ lower at $3.94 per bushel. March soybean futures are 3 1/2¢ lower at $10.33, while November 2017 soybean futures are 3 3/4¢ lower at $10.14. March wheat futures are 1 1/2¢ lower at $4.33. March soy meal futures are $1.30 short ton lower at $332.50. March soy oil futures are $0.34 lower at 34.25¢ per pound.  In the outside markets, the Brent crude oil market is $0.06 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 112 points higher.

 

Mike

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Soybeans and the grains were all slightly lower in overnight trading as rainfall in Argentina boosts crops. Beans lost about 2 cents while corn was down a penny. Wheat lost about 2 cents. Export sales weren't bad with corn topping 1.4 million tons and soybeans topping the four-week average.  Not much in weather news this morning as maps are mostly quiet. It's expected to be cold in Wisconsin and warm in the southern Plains this weekend -- extremely typical for this time of year. 


Here's what happened overnight:

 

Brent Crude Oil = 0.3% higher.  

West Texas Intermediate Crude Oil = 0.3% higher.

Dollar = up 0.3%.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks improve, again following crude prices. 

Advisor
Posts: 497
Registered: ‎10-18-2016
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Re: Floor Talk February 3

Where is the downward push on the Mexican push back over tariffs (or whatever you call them).