Reply
Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Floor Talk November 13

[ Edited ]

At the close:

The Dec. futures corn contract settled 5 cents higher at $7.23. Jan. soybean futures contract settled 3 cents higher at $14.08. Dec. wheat futures closed 6 3/4 cents lower at $8.51 per bushel. The Dec. soyoil futures contract finished $0.37 lower at $47.02. The Dec. soymeal futures contract finished $1.70 per short ton higher at $433.10.


In the outside markets, the NYMEX crude oil is $0.28 per barrel lower, the dollar is higher and the Dow Jones Industrials are 31 points lower.

 

Mike

----------

At mid-session:

The Dec. futures corn contract is trading 3 cents lower at $7.14. Jan. soybean futures contract is trading 6 cents lower at $13.98. Dec. wheat futures are trading 10 cents lower at $8.47 per bushel. The Dec. soyoil futures contract is trading $0.16 lower at $47.23. The Dec. soymeal futures contract is trading $2.30 per short ton lower at $429.10.


In the outside markets, the NYMEX crude oil is $0.10 per barrel higher, the dollar is lower and the Dow Jones Industrials are 57 points higher.

 

Mike

-----------

At the open:

The Dec. futures corn contract is trading 3 1/2 cents higher at $7.21. Jan. soybean futures contract is trading 5 cents higher at $14.10. Dec. wheat futures are trading 5cents lower at $8.52 per bushel. The Dec. soyoil futures contract is trading $0.17 higher at $47.56. The Dec. soymeal futures contract is trading $2.20 per short ton higher at $433.60.


In the outside markets, the NYMEX crude oil is $0.45 per barrel lower, the dollar is higher and the Dow Jones Industrials are 45points lower.

 

--USDA announces Tuesday that an 'unknown' purchased 158,496 tons of U.S. corn for 2012-13 delivery.

--South Korea passed on a tender for 65,000 tons of U.S. corn Tuesday.

 

Mike

------------

At 7:00am:

Early calls:  Corn 5-7 cents higher, soybeans 11-13 cents higher, and wheat 4-6 cents higher.

 

Trackers:
Overnight grain, soybean markets=Trading higher.
Crude Oil=$0.13 per barrel lower.
Dollar=Higher.
Wall Street=Seen opening lower with the U.S. 'fiscal cliff' in focus and the fact that Greece didn't pass an economic relief package.

World=Asia/Pacific stocks are lower, and Europe's stocks are lower.

 


More in a minute,

 

 

Mike

Esteemed Advisor
sw363535
Posts: 4,418
Registered: ‎07-18-2011
0

Re: Floor Talk November 13

[ Edited ]

Mike,

 

It's like the week after Christmas------- bargains, bargains, bargains.----------Have we got a deal for you??????

sw
Esteemed Advisor
sw363535
Posts: 4,418
Registered: ‎07-18-2011
0

Re: Floor Talk November 13

Mike------- you still there?????

 

 

 

sw
Advisor
giolucas
Posts: 1,093
Registered: ‎06-25-2010
0

Re: Floor Talk November 13

Mike,

 

Why are we higher?  Bears taking a breather?? No announcement of sales, no news from SA, market relaxing before a big pop or drop???

Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Re: Floor Talk November 13

sw363535,

 

Yes, I'm here. I'm digging up the latest and greatest market news. Unknown buys U.S. corn for 2012-13 delivery, while S. Korea turns down an offer for U.S. corn.

 

What's up, sw?

 

 

Mike

Esteemed Advisor
sw363535
Posts: 4,418
Registered: ‎07-18-2011
0

Re: Floor Talk November 13

[ Edited ]

Ditto to Giolucas's question.

 

Thought the slow comeback might be some big info.   I been reading all morning but didn't find much to hang a hat on.

 

Got this heavy feeling in my gut this morning,  thought it might be the next run up on this rollercoaster but it might have been the oatmeal.

Starting to think the big hill is behind us on this one.  Till the next big event, which from this position, could push us either way.

sw
Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Re: Floor Talk November 13

giolucas,

 

Oh, there is demand news. Plus, it's 'Turnaround Tuesday'.

 

Mike

Advisor
giolucas
Posts: 1,093
Registered: ‎06-25-2010
0

Re: Floor Talk November 13

Im Praying for a Turaround!!!!

Esteemed Advisor
Hobbyfarmer
Posts: 3,819
Registered: ‎01-10-2012
0

Re: Floor Talk November 13

yep it is turn a round Tues. started up and then turned around.

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Esteemed Advisor
sw363535
Posts: 4,418
Registered: ‎07-18-2011
0

Re: Floor Talk November 13

Mike,

 

Another big week for soybean export inspections.  Before they went on sale.  

sw