Floor Talk, April 12, 2019
At the close:
At the close, the May futures finished 1¢ higher at $3.61. July futures ended 3/4¢ higher at $3.69 1/2.
May soybean futures closed unchanged at $8.95 1/4. July soybean futures finished unchanged at $9.08 1/4.
May wheat futures closed 4¢ higher at $4.64 1/2.
May soymeal futures closed $0.70 short ton higher at $307.90. May soy oil futures are $0.03 cents lower at 28.95¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.50 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 243 points higher.
Jason Roose, U.S. Commodities, says that the grains are mixed today, with continued liquidation in the corn market.
“This price direction follows a bearish USDA Crop Report, earlier in the week, which showed larger stocks. Plus, most of the grain price is in oversold territory and losing premium, going into spring. Weather will be the dominant news item, next week.”
At midsession, the May futures are 1¢ lower at $3.59. July futures are 1¢ lower at $3.67 3/4.
May soybean futures are 3/4¢ higher at $8.96. July soybean futures are 1/2¢ higher at $9.09 1/4.
May wheat futures are 1/2¢ higher at $4.61.
May soymeal futures are $1.10 short ton higher at $308.30. May soy oil futures are unchanged at 28.98¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.57 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 226 points higher.