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03-13-2017 06:45 AM - last edited on 03-13-2017 09:11 AM by marketeye
At the open:
At the open, the May corn futures trade 1 3/4 cents lower at $3.62 per bushel, while December corn traded 1 3/4 cents lower at $3.84. The May soybean futures traded 1/2 cent lower at at $10.06, while the November soybean futures traded 1/2 cent higher at $10.00. The May wheat futures traded 3 3/4 cents lower at $4.36. The May soymeal futures traded $0.40 per short ton higher at $329.10. The May soy oil futures traded $0.15 lower at $32.53.
The crude oil market is $0.12 per barrel lower, the dollar was higher and the Dow Jones Industrials were ls 13 points higher.
On Monday, private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of soybeans for delivery to unknown destinations during the 2017/2018 marketing year.
The marketing year for soybeans began Sept. 1
ancy and are largely ignoring the fact that it's extremely dry in the US southern Plains right now. It'll be interesting to see if they take notice. Frankly, I'm surprised they haven't yet. Wheat was down about a n$3.84ickel while corn and soybeans were little changed. Money managers lowered their bullish bets on corn and beans, but only slightly, through last week. The weather maps are active today with winter storm wraed 1arnings and watches in much of the Midwest. Parts of Iowa and Minnesota could get 9 inches of snow from the storm.
Here's what happened overnight:
Brent Crude Oil = 0.1% lower.
West Texas Intermediate Crude Oil = 0.2% lower.
Dollar = down 0.1%.
Wall Street = U.S. stock futures mixed in pre-market trading.
World Markets = Global stocks mixed as oil futures little changed.