10-21-2013 07:44 AM - edited 10-21-2013 03:12 PM
USDA Crop Progress Report:
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."
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.
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.
At 7:42 am:
Early calls: Corn is seen 1-2 cents lower, soybeans steady, and wheat 2-4 cents lower.
Overnight grain, soybean markets=Trading lower.
Crude Oil=$1.04 per barrel lower.
Wall Street=Seen trading higher, as stocks test record highs.
World Markets=Asia/Pacific stocks were higher, Europe stocks higher.
More in a minute,
10-21-2013 11:01 AM
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".
10-21-2013 11:34 AM
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.
10-21-2013 12:00 PM
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...