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4 weeks ago - last edited 4 weeks ago by marketeye
At the close:
At the close, the Dec. corn futures finished unchanged at $3.53 1/2, while March futures finished 1/2¢ higher at $3.66. Nov. soybean futures ended 13¢ lower at $9.71 1/4, Jan. soybean futures settled 12 3/4¢ lower $9.81 3/4. September wheat futures closed 4 1/2¢ higher at $4.54. Dec. soy meal futures closed $4.70 per short ton lower at $314.30. Dec. soy oil futures closed $0.21 lower at 34.01¢ per pound. In the outside markets, the Brent crude oil market is $1.60 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 69 points lower.
At mid-session, the Dec. corn futures are 1 1/4¢ lower at $3.52, while March futures are 1 1/4¢ lower at $3.64. Nov. soybean futures are 12¢ lower at $9.72, Jan. soybean futures are 11 1/2¢ lower $9.83. September wheat futures are 2 1/2¢ higher at $4.52. Dec. soy meal futures are $4.50 per short ton lower at $314.50. Dec. soy oil futures are $0.16 lower at 34.06¢ per pound. In the outside markets, the Brent crude oil market is $1.05 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 91 points lower.
In early trading , the Dec. corn futures are unchanged at $3.53, while March futures are unchanged at $3.66. Nov. soybean futures are 6 1/2¢ lower at $9.77, Jan. soybean futures are 6 1/2¢ lower $9.88. September wheat futures are 2¢ higher at $4.51. Dec. soy meal futures are $2.40 per short ton lower at $316.60. Dec. soy oil futures are $0.21 lower at 34.01¢ per pound. In the outside markets, the Brent crude oil market is $0.71 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 17 points lower.
Soybeans and corn were lower overnight to start the week despite poor yields reported in Kansas. Traders know carryout is on the rise, and that's going to make it hard to put a bid in grains. Advisers have been saying that we'll see sales on price jumps and so far they've been right. Beans were down about 5 cents, corn lost about 2 cents and wheat was down 4-5 cents. The dollar, which is up 0.4% this morning, isn't helping. Not much has changed fundamentally -- the harvest rolls on and it's hot in much of the Corn Belt. Down here we call that `fall' but it's always hot in Central Texas. Money managers last week pushed their soybean bets into positive territory while boosting bets against corn prices -- they just don't seem to like corn right now. Get all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-september-25.
Here's what happened overnight:
Brent Crude Oil = up 1.6%
West Texas Intermediate = up 0.9%
Dollar = up 0.4%.
Wall Street = U.S. stock futures lower in pre-bell trading.
World Markets = Global stocks lower after German elections.
4 weeks ago - last edited 4 weeks ago
USDA is not perfect and unfortunately the USDA is dealing the cards and we choose to play. If we decided to trade someone's backyard then which one do we choose? Yours, Iowa's, Illinois', Kansas,. ....etc. ?
4 weeks ago