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Veteran Advisor

Floor Talk April 15

At the close, the May corn futures settled 2 1/2 cents higher at $3.76 per bushel.
May soybean futures closed 4 3/4 cents higher at $9.65.

May wheat futures finished 6 1/4 cents lower at $4.90 3/4.

May soymeal futures settled $2.10 per short ton lower at $311.50. The May soyoil futures finished $0.50 higher at $31.80.

In the outside markets, the NYMEX crude oil market is $3.00 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 75 points higher.

 

Mike

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In early trading:

At 9:30am, the May corn futures are trading unchanged at $3.73 per bushel.
May soybean futures are trading 6 3/4 cents higher at $9.67. 

May wheat futures are trading 1 cent higher at $4.98.

In the outside markets, the NYMEX crude oil market is $0.54 higher per barrel, the U.S. dollar is higer, and the Dow Jones Industrials are 99 points higher.

 

Mike

 

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At 7:10am:

 

Early calls: Corn 1-2 cents lower, soybeans 3-5 cents higher, and wheat 3-4 cents higher.

 

Trackers:
Overnight grain, soybean markets = Trading mostly higher.
Brent Crude Oil = $0.54 higher.
Dollar =Higher. 
Wall Street = Seen higher, with the market eyeing bank results. Bank of America reported a profitable 1st Quarter Wednesday.

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

 

 

 

More in a minute,

 

Mike

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3 Replies
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Veteran Contributor

Re: Floor Talk April 15

Is that China short squeeze the reason for this morning's rally?

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Senior Contributor

Re: Floor Talk April 15

Hey,

 

Some people may be wondering what happened with last month's trucker strike in Brazil - which all of a sudden ended. I just found out about it. The majority of truckers agreed to a cease fire conditioning that if solutions are presented until April 22. Right now, I've heard from truckers union leaders that the government would not bring an adequate proposal until that deadline. So this means that a strike can start next week. By late February and early March, several major highways were blocked in several states of the country. Truckers demand lower fuel taxes (increased in February), better infrastructure on roads, and the possibility of working more hours.

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Veteran Contributor

Re: Floor Talk April 15

Marketeye, thanks for quoting domestic crude oil prices vs. Brent Crude.

 

I enjoy your posts, keep up the good work.

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