Marketing

[giolucas]

From the floor November 24, 2011

11-24-201007:10 AM - edited 11-24-201002:15 PM

At the close:

The March corn futures settled 10 3/4 cents higher at $5.53 3/4. The Jan. soybean contract settled 16 cents higher at $12.55. The Dec. wheat futures closed 5 1/2 cents higher at $6.47 1/2.  The Dec. soymeal futures contract ended $0.50 lower at $340.20 per short ton. The Jan. soyoil futures contract finished $1.03 higher at $50.60.

We are $1.30 away from $12.55 in Soybeans.  All it takes is a couple of days .... 

[giolucas]

At the close:

The March corn futures settled 10 3/4 cents higher at $5.53 3/4. The Jan. soybean contract settled 16 cents higher at $12.55. The Dec. wheat futures closed 5 1/2 cents higher at $6.47 1/2.  The Dec. soymeal futures contract ended $0.50 lower at $340.20 per short ton. The Jan. soyoil futures contract finished $1.03 higher at $50.60.

We are $1.30 away from $12.55 in Soybeans.  All it takes is a couple of days .... 

[kyu2852570]

What was it at Christmas? I know beans started going up then because of sa drought

[NABFarmer]

Started going up really in Jan after I returned from Argentina. From what I learned last year unless your there on the ground to see it yourself you won't know untill the damage is already done. It's all about your willingness to gamble on the reports of others. The US proved itself completely inept in forecasting soybean yields this year. So if they are so inept in their own country do you trust their ability anywhere else?

[gurly3801539]

I may be wrong but those prices look like two years ago, not last year.

[giolucas]

Gurly
I think you are right.

[giolucas]

Floor Talk    November 23,2011

11-23-201106:45 AM - edited 11-23-201101:41 PM

At the close:

The Dec. corn futures closed  10 1/4 cents lower at $5.88 1/4. The Jan. soybean contract ended 30 1/2 cents lower at $11.22 1/4. The Dec. wheat futures settled 14 3/4 cents lower at $5.79.

In the outside markets, the NYMEX crude oil is $1.96 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 203 points.

[giolucas]

At the close:

The Dec. corn futures closed  10 1/4 cents lower at $5.88 1/4. The Jan. soybean contract ended 30 1/2 cents lower at $11.22 1/4. The Dec. wheat futures settled 14 3/4 cents lower at $5.79.

In the outside markets, the NYMEX crude oil is $1.96 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 203 points.