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Community Manager
marketeye
Posts: 3,180
Registered: ‎05-03-2010
0

Floor Talk October 21

[ Edited ]

USDA Crop Progress Report:

 

Corn=39% harvested

Soybeans= 63% harvested.

 

One analyst says, "Not a shocker here, they are close to being in line.  I don’t think there will be much reaction for now."

 

Mike

-------

At the close:

The Dec. corn futures contract closed 2 1/2 cents higher at $4.44. The Nov. soybean futures contract closed 12 cents higher at $13.03. Dec. wheat futures ended 6 cents lower at $6.99 per bushel. The Dec. soymeal futures contract finished$5.60 per short ton higher at $415.70. The Dec. soyoil futures settled $0.04 lower at $41.64. 


In the outside markets, the NYMEX crude oil is $0.32 per barrel lower, the dollar is higher and the Dow Jones Industrials are 21 points lower.

 

Mike

-----------

At 9:21am:

The Dec. corn futures contract is trading 1/4 of a cent lower at $4.41. The Nov. soybean futures contract is trading 2 1/2 cents higher at $12.93. Dec. wheat futures are 8 cents lower at $6.97 per bushel. The Dec. soymeal futures contract is trading $0.40 per short ton higher at $410.50. The Dec. soyoil futures are trading $0.13 higher at $41.81. 


In the outside markets, the NYMEX crude oil is $0.61 per barrel lower, the dollar is higher and the Dow Jones Industrials are 15 points lower.

 

Mike

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

At 7:42 am:

Early calls: Corn is seen 1-2 cents lower, soybeans steady, and wheat 2-4 cents lower.

Trackers:
Overnight grain, soybean markets=Trading lower.
Crude Oil=$1.04 per barrel lower.
Dollar=Higher.
Wall Street=Seen trading higher, as stocks test record highs.

World Markets=Asia/Pacific stocks were higher, Europe stocks higher.

 


More in a minute,

 

Mike

Advisor
rayjenkins
Posts: 685
Registered: ‎05-13-2010
0

Re: Floor Talk October 21

Mike.....how come no chit/chat on Argy  wheat crop size snafu??

Senior Contributor
lsc76cat
Posts: 239
Registered: ‎08-31-2012
0

Re: Floor Talk October 21

Mike - What's up with the reaction to the export numbers released Friday afternoon?  Thought the market would have a stronger reaction to the numbers released since corn, beans and wheat were all at or above highest expecttions.  Also, how long will it take to get caughtup on reporting of export sales made "while we were sleeping".

"Nothing in this world can take the place of persistence. Talent will not; Genius will not; Education will not. Persistence and determination alone are omnipotent. The slogan "Press On" has solved and always will solve the problems of the human race." Calvin Coolidge
Veteran Advisor
Palouser
Posts: 2,225
Registered: ‎05-13-2010
0

Re: Floor Talk October 21

Some notes In Spanish I have indicate 9.2-9.5 for Argentinian wheat. I'm not good at Spanish so can't tell if they are under the influence of the half baked Arg gov numbers. But one note indicated the USDA expectation of 12+ MMT estimate by the USDA was gone long ago.

 

We'll see.

Veteran Contributor
Kstater85
Posts: 114
Registered: ‎06-28-2012
0

Re: Floor Talk October 21

Goverment told us on Friday that they would update all export sales on October 31st.    NO IDEA why they would wait so long.

Advisor
rayjenkins
Posts: 685
Registered: ‎05-13-2010
0

Re: Floor Talk October 21

would have thought something every couple of days on the past due reports would give adequate time for markets to adjust to the missing data......now, it appears they  bunch it up and get three weeks on one day.....lovely...

 

 

 

Esteemed Advisor
sw363535
Posts: 4,643
Registered: ‎07-18-2011
0

Re: Floor Talk October 21

[ Edited ]

some folks have some numbers.

 

exporta.jpeg

sw
Veteran Contributor
Kstater85
Posts: 114
Registered: ‎06-28-2012
0

Re: Floor Talk October 21

Hard to read but i think that is inspections not sales.   Pretty sure sales waits until Haloween.

Esteemed Advisor
sw363535
Posts: 4,643
Registered: ‎07-18-2011
0

Re: Floor Talk October 21

your right Kstater.........    This is all i've seen.

sw
Esteemed Advisor
Hobbyfarmer
Posts: 4,027
Registered: ‎01-10-2012
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Re: Floor Talk October 21

Oct 31

 

Trick or Treat

 

we get tricked

 

they get the treats.

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."