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Community Manager
marketeye
Posts: 3,053
Registered: ‎05-03-2010
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Floor Talk September 16

[ Edited ]

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At 10:20am:

 

Soybeans drop 32 cents.

 

Mike

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After the close:

United Soybean Board released this statement Monday: "As China’s appetite for soy products continues to grow, it’s leaning on U.S. soybean farmers to help meet demand – in one recent case, to the tune of $2.8 billion.

During the recent U.S. Soy Global Trade Exchange, Chinese agricultural leaders signed agreements to buy approximately $2.8 billion worth of U.S. soy. The delegation signed 13 contracts with U.S. exporters."

 

Mike

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At the close:

The Dec. corn futures contract closed 2 1/2 cents lower at $4.56. The Nov. soybean futures contract settled 33 cents lower at $13.48. Dec. wheat futures finished 1/4 of a cent lower at $6.41 per bushel. The Dec. soymeal futures settled  $14.30 per short ton lower at $428.50. The Dec. soyoil futures closed $0.19 lower at $42.37


In the outside markets, the NYMEX crude oil is $1.27 per barrel lower, the dollar is higher and the Dow Jones Industrials are 133 points higher.

 

One analyst says, "The market suffered a price break, as ample weekend rains and more rain this week broke the beans,  with other grains in tow. Beans still have about 8% of crop maturing. A little short covering late, ahead of the FSA report in the morning that should show the acres unplanted," he says.

 

Mike

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At the open:

The Dec. corn futures contract is trading 1/4 of a cent lower at $4.58. The Nov. soybean futures contract is trading 15 cents lower at $13.65. Dec. wheat futures are trading 1/4 of a cent higher at $6.41 per bushel. The Dec. soymeal futures are trading $6.30 per short ton lower at $436.50. The Dec. soyoil futures are trading $0.11 lower at $42.45. 


In the outside markets, the NYMEX crude oil is $1.90 per barrel lower, the dollar is higher and the Dow Jones Industrials are 141 points higher.

 

Mike

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At 7:30am:
Early calls: Corn is seen 1-2 cents higher, soybeans 12-14 cents lower, and wheat 1-2 cents higher.

Trackers:
Overnight grain, soybean markets=Trading mostly lower.
Crude Oil=$1.55 per barrel lower.
Dollar=Higher.
Wall Street=Seen trading higher.

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

 


More in a minute,

 

Mike

Advisor
c-x-1
Posts: 3,085
Registered: ‎06-26-2012
0

Re: Floor Talk September 16

NDf, northern MN:

 

does anyone think the rain y'all got will help any beans?

 

thanks,

c-x-1

Senior Contributor
Taylor ECIL
Posts: 974
Registered: ‎08-18-2011
0

Re: Floor Talk September 16

As long as the beans have green in them it will help....but time is running out for the amount of help. Mine my gain a little weight maybe 1 or 2%

Socialism: If we can't all be rich...then let's all be poor together.