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marketeye
Posts: 2,901
Registered: ‎05-03-2010
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Floor Talk November 10

[ Edited ]

VIDEO: Will a small crop get smaller? USDA NASS official visits with Marketeye

 

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The Dec. corn futures settled 10 1/2 cents lower at $6.45 1/2. The Jan. soybean contract closed 18 cents lower at $11.67 1/2. The Dec. wheat futures ended 23 cents lower at $6.20. The Dec. soymeal futures closed $5.20 per short ton lower at $297.90. The Dec. soyoil futures closed $0.47 lower at $50.52.


In the outside markets, the NYMEX crude oil is $2.07 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 106 points.

 

Mike

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At mid-session:

The Dec. corn futures are trading 9 cents lower at $6.47. The Jan. soybean contract is trading 18 cents lower at $11.67 1/2. The Dec. wheat futures are trading 20 1/4 cents lower at $6.22 3/4. The Dec. soymeal futures are trading $4.30 per short ton lower at $298.80. The Dec. soyoil futures are trading $0.60 lower at $50.39.


In the outside markets, the NYMEX crude oil is $1.89 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 86 points.

 

Mike

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At 10:30am:

All markets have now turned lower.

 

Mike

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At the open:

The Dec. corn futures opened 3 cents higher at $6.58 3/4. The Jan. soybean contract opened 1 1/2 cents lower at $11.84. The Dec. wheat futures opened 4 3/4 cents lower at $6.38 1/4. The Dec. soymeal futures opened $0.10 per short ton lower at $304.30. The Dec. soyoil futures opened $0.10 higher at $51.32.


In the outside markets, the NYMEX crude oil is $1.25 per barrel lower, the dollar is even and the Dow Jones Industrials are up 64 points.

 

Mike

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At 8:48am:

USDA released Weekly Export Sales Thursday. Here are the corrected totals.

Corn= 251,900 metric tons

Soybeans=604,000 mt

Wheat=298,400 mt

Soymeal=295,800 mt

 

Meanwhile, Egypt buys 240,000 metric tons of Russian and Ukraine wheat.

 

Mike

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At 6:35am:

Early calls: Corn up 5-7 cents, soybeans 4-6 cents higher, and wheat up 5-7 cents.

 

Trackers:
Overnight grain, soybean markets=Trading higher.
Crude Oil=$1.83 higher.
Dollar=Lower.
Wall Street=Seen trading higher, after the big sell-off yesterday. 

World Markets=Asia/Pacific stocks are lower, while Europe's stocks are higher.

 

 

More in a minute,

 

Mike

Frequent Contributor
sandiego77
Posts: 41
Registered: ‎10-14-2011
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Re: Floor Talk November 10

corn the 50-day MA above then 100-day and midpoint of range at 675...beans must regain 1190 former low in a hurry...The old crop front months are supported by slow producer selling despite historically high basis levels...have a great day you'all!!