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Advisor
Posts: 3,502
Registered: ‎05-03-2010
0

Floor Talk July 31

At 6:30am:
Early calls: Corn is seen 1-2 cents higher (old-crop), soybeans 1-2 cents lower (old-crop), and wheat 1-2 cents higher. Meanwhile, new-crop corn 2-4cents lower and soybeans are seen 2-4 cents higher.

Trackers:
Overnight grain, soybean markets=Trading mixed.
Crude Oil=$0.26 per barrel lower.
Dollar=Higher.
Wall Street=Seen flat, ahead of the Fed Reserve data today.
World=Asia/Pacific stocks were lower and Europe's stocks are higher. 

 

More in a minute,

 

Mike

Senior Contributor
Posts: 447
Registered: ‎06-04-2010
0

Re: Floor Talk July 31

Mike,

Thought I would send you some good news from my side of the world:

http://www.japantoday.com/category/business/view/japan-may-resume-buying-gmo-hit-u-s-wheat-this-week

BTW, the negative comments are from the minority so no need to read them.

 

Don't worry about all the negative crop reports, corn production may continue to slide this year but there will be plenty of rice to go around, the crop is looking good here.  That is if you are willing to buy our non-GMO crops! Smiley Very Happy

 

marketeye.jpg

 

marketeye1.jpg

Honored Advisor
Posts: 5,181
Registered: ‎07-18-2011
0

Re: Floor Talk July 31

Great pics,

But non-gmo, ---------- there is a spot in that first field that looks like it might be a fungus host,  or carry some e-coli history.  A driver that consumes that rice might have the infamous toyota "throttle stick" infection.    Smiley Happy

 

Thanks for great pictures treefmr.