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Veteran Contributor
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Registered: ‎09-09-2014
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Floor Talk March 6

[ Edited ]

At the close:

At the close, the May corn futures settled 2 1/4¢ lower at $3.78 1/2, while December futures finished 1 1/4¢ lower at $3.98. May soybean futures closed 1/4¢ lower at $10.37 1/4. November soybean futures finished 1/4¢ lower at $10.21 3/4. May wheat futures finished 5¢ higher at $4.58 1/2. May soy meal futures closed $0.70 per short ton higher at $333.70. May soy oil futures closed $0.11 lower at 34.27¢ per pound.  In the outside markets, the Brent crude oil market is $0.19 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 58 points lower.

 

Mike

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At mid-session:

At mid-session, the May corn futures are 3 1/4¢ lower at $3.77, while December futures are 2 1/4¢ lower at $3.97. May soybean futures are 2 1/4¢ higher at $10.39. November soybean futures are 1 3/4¢ higher at $10.23. May wheat futures are 6 1/4¢ higher at $4.59. May soy meal futures are $1.70 per short ton higher at $334.70. May soy oil futures are $0.18 lower at 34.20¢ per pound.  In the outside markets, the Brent crude oil market is $0.19 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 58 points lower.

 

Mike

 

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At 9am:

In early trading, the May corn futures are 1 1/2¢ lower at $3.79 1/4, while December futures are 1¢ lower at $3.98 1/4. May soybean futures are unchanged at $10.37. November soybean futures are 3/4¢ lower at $10.21. May wheat futures are 5 1/4¢ higher at $4.58 3/4. May soy meal futures are $0.20 per short ton higher at $333.20. May soy oil futures are $0.18 lower at 34.20¢ per pound.  In the outside markets, the Brent crude oil market is $0.09 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 47 points lower.

 

Mike

 

Wheat futures were higher overnight as speculators boosted net-longs in hard-red winter to the highest level since April 2014. Wheat was up about a nickel, soybeans rose 3 cents and corn gained less than a penny. In weather news, it's going to be warm, windy and dry in the southern Plains today, not much different than it's been for about a month. The dry weather, however, extends all the way into northwestern Iowa where a red flag warning is in effect. 


Here's what happened overnight:

 

Brent Crude Oil = 0.6% lower.

West Texas Intermediate Crude Oil = 0.6% lower.

Dollar = down 0.1%.

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

World Markets = Global stocks lower, following crude futures.