At the close:
At the close, the May corn futures settled 1 cent lower at $3.77 per bushel. The Dec corn futures finished 1 cent lower at $4.02 per bushel.
May soybean futures closed 2 cents lower at $9.51 1/2. Nov. soybean futures finished 2 3/4 cents lower at $9.42 1/2.
May wheat futures closed 7 3/4 cents higher at $5.26 1/2.
May soymeal futures ended $2.90 per short ton lower at $309.20. The May soyoil futures closed $0.25 higher at $31.09.
In the outside markets, the Brent crude oil market is $1.04 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 96 points higher.
Mike
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At 10:25am:
At 10:25am, the May corn futures are trading 2 1/2 cents lower at $3.75 per bushel. The Dec corn futures are trading 2 1/4 cents lower at $4.01 per bushel.
May soybean futures are trading 1 cent lower at $9.52. Nov. soybean futures are trading 2 1/2 cents lower at $9.42.
May wheat futures are trading 7 cents higher at $5.25.
May soymeal futures are trading $0.50 per short ton lower at $311.60. The May soyoil futures are trading $0.11 lower at $30.73.
In the outside markets, the Brent crude oil market is $0.69 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 81 points higher.
Jacob Burks, WedBush Futures grain analyst, says the markets are searching for a leading trading factor.
“We are still in the trading range and nothing has changed. Currently $4.00 has held and there is no bullish news to create a rally. Beans had negative news in exports yesterday, but saw China buy today. But, the purchase wasn’t enough to create any follow-through buying. Dollar is higher, good rains across the Midwest, and it’s only April (can’t create a good weather market yet).”
Mike
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At the open:
At the open, the May corn futures are trading 1/4 of a cent higher at $3.78 per bushel. The Dec corn futures are trading unchanged at $4.03 per bushel.
May soybean futures are trading 4 3/4 cents higher at $9.58. Nov. soybean futures are trading 3 cents higher at $9.49.
May wheat futures are trading 1 3/4 cents higher at $5.20 1/2.
May soymeal futures are trading $1.50 per short ton higher at $313.60. The May soyoil futures are trading $0.03 higher at $30.87.
In the outside markets, the Brent crude oil market is $0.16 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 29 points higher.
Mike
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At 8am:
On Friday, private exporters reported to the U.S. Department of Agriculture export sales of 200,000 metric tons of soybeans to unknown destinations. Of the total, 140,000 metric tons is for delivery during the 2014/2015 marketing year and 60,000 metric tons is for delivery during the 2015/2016 marketing year.
The marketing year for soybeans began Sept. 1.
Mike
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At 6:45am:
Early calls: Corn 1-2 cents higher, soybeans 1-2 cents higher, and wheat 1-2 cents lower.
Trackers:
Overnight grain, soybean markets = Trading mostly higher.
Brent Crude Oil = $0.19 higher.
Dollar =Higher.
Wall Street = Seen flat, with the market eyeing the strengthening Dollar and Apple's watch launch.
World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.
More in a minute,
Mike
