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Community Manager
marketeye
Posts: 3,182
Registered: ‎05-03-2010
0

Floor Talk October 9

[ Edited ]

At the close:

The Dec. corn futures contract settled 1 3/4 cents higher at $4.43. The Nov. soybean futures contract closed 1 cent lower at $12.87. Dec. wheat futures settled 3 cents lower at $6.90 per bushel. The Dec. soymeal futures ended $3.20 per short ton lower at $411.70. The Dec. soyoil futures closed $0.24 higher at $40.67. 


In the outside markets, the NYMEX crude oil is $1.64 per barrel lower, the dollar is higher, and the Dow is up 48 points.

 

Mike

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At mid-session:

The Dec. corn futures contract is trading 2 cents higher at $4.43. The Nov. soybean futures contract is trading 1/4 of a cent higher at $12.89. Dec. wheat futures are 4 cents lower at $6.89 per bushel. The Dec. soymeal futures is trading $2.60 per short ton lower at $412.30. The Dec. soyoil futures are trading $0.29 higher at $40.72. 


In the outside markets, the NYMEX crude oil is $1.52 per barrel lower, the dollar is higher.

 

Mike

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At 9:45am:

 

Corn has turned higher, soybeans unchanged.

 

Mike

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At the open:

The Dec. corn futures contract is trading 1/4 of a cent lower at $4.41. The Nov. soybean futures contract is trading 5 cents lower at $12.83. Dec. wheat futures are 1 1/4 cents lower at $6.92 per bushel. The Dec. soymeal futures is trading $3.70 per short ton lower at $411.20. The Dec. soyoil futures are trading $0.06 higher at $40.49. 


In the outside markets, the NYMEX crude oil is $0.58 per barrel lower, the dollar is higher and the Dow Jones Industrials are 2 points higher.

 

Mike

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

At 7:20 am:

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

Trackers:
Overnight grain, soybean markets=Trading mostly lower.
Crude Oil=$0.17 per barrel lower.
Dollar=Higher.
Wall Street=Seen trading higher, as the Fed Reserve prepares to release minutes of its last meeting.

World Markets=Asia/Pacific stocks were mixed, Europe stocks lower.

 


More in a minute,

 

Mike

Community Manager
marketeye
Posts: 3,182
Registered: ‎05-03-2010
0

Re: Floor Talk October 9

[ Edited ]

Reported from Stark County, Illinois on Tuesday. Here were the takeaways:

 

--Test weight is making a big difference in better corn this year.

--Yields averaging over 200 bu./acre. One farm will average around 300 bu./acre.

--Side-dressing of nitrogen worked well this year.

--Kernel length is very long.

 

Big Kernels.jpg

I'll have a slideshow of these facts later. Then, on I-80, east of the West Liberty exit, by about 5-10 miles, I came upon this fire in the soybean field that this farmer was cutting:

 

Harvest fire.jpg

 

The fire dept. had yet to arrive. Notice the combine on the right side, just below the darker smoke.

 

Be careful out there.

 

Mike

Contributor
TNalfalfa
Posts: 20
Registered: ‎10-05-2011
0

Re: Floor Talk October 9

We've had three combines to burn around us.

Veteran Advisor
Mizzou_Tiger
Posts: 2,332
Registered: ‎11-02-2010
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Re: Floor Talk October 9

Mike. You hanging out with Dave again

Some dang good dirt in that area around Toulon and the valley

They have been hammering out upper 2's and isolated lower 3's for 10 years on some of that potting soil
Community Manager
marketeye
Posts: 3,182
Registered: ‎05-03-2010
0

Re: Floor Talk October 9

Mizzou_Tiger,

 

Dave is a good man. He really has some loyal customers. And most of these guys farm some really good ground. It was a beautiful day to be out reporting about agriculture.

 

Mike