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Veteran Advisor

Floor Talk April 16

At the close:

At the close, the May corn futures settled 1/4 of a cent higher at $3.76 per bushel. The Dec corn futures finished 1/4 of a cent lower at $4.00 1/4 per bushel.
May soybean futures settled 1 cent higher at $9.66. Nov. soybean futures closed 1/4 of a cent higher at $9.52 3/4.

May wheat futures ended 3 3/4 cent higher at $4.94 1/2.

May soymeal futures ended $0.90 per short ton higher at $312.40. The May soyoil futures closed $0.04 lower at $31.76.

In the outside markets, the Brent crude oil market is $0.93 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 43 points higher.

 

Mike

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At 1pm:

Jack Scovile, PRICE Futures Group vice-president, says that the market has little to trade. "Not hearing much of anything today.  Wheat seems weaker on ideas of better weather next week and that US pices are still too high. Soybeans are down on reports of big Arg production and disappointed selling from yesterday. Corn is down on ideas of some planting progress, some prep work going on in Illinois today."
 

Mike

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At mid-session:

At mid-session, the May corn futures are trading 2 cents lower at $3.74 per bushel. The Dec corn futures are 2 3/4 cents lower at $3.97 per bushel.
May soybean futures are trading 6 1/4 cents lower at $9.58. Nov. soybean futures are trading 5 cents lower at $9.47.

May wheat futures are trading 1/2 of a cent higher at $4.91.

May soymeal futures are trading $1.90 per short ton lower at $309.30. The May soyoil futures are trading $0.16 lower at $31.64.

In the outside markets, the Brent crude oil market is $0.64 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 10 points lower.

Mike

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At 10am:

At 10am, the May corn futures are trading 2 3/4 cents lower at $3.73 1/4 per bushel. The Dec corn futures are 2 3/4 cents lower at $3.97 per bushel.
May soybean futures are trading 6 1/4 cents lower at $9.58. Nov. soybean futures are trading 4 3/4 cents lower at $9.47.

May wheat futures are trading 1/2 of a cent higher at $4.91.

May soymeal futures are trading $2.20 per short ton lower at $309.30. The May soyoil futures are trading $0.06 lower at $31.74.

In the outside markets, the Brent crude oil market is $0.86 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 8 points lower.

Mike

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At the open:

At the open, the May corn futures are trading 1/4 of a cent higher at $3.76 per bushel. The Dec corn futures are 1/4 of a cent higher at $4.00 per bushel.
May soybean futures are trading 1/2 of a cent lower at $9.64. Nov. soybean futures are trading 3/4 of a cent higher at $9.53.

May wheat futures are trading 2 1/4 cents higher at $4.93.

May soymeal futures are trading $0.60 per short ton higher at $312.10. The May soyoil futures are trading $0.08 lower at $31.72.

In the outside markets, the NYMEX crude oil market is $1.10 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 26 points lower.

 

Mike

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At 7:30am:

 

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

 

Trackers:
Overnight grain, soybean markets = Trading mostly lower.
Brent Crude Oil = $1.24 lower.
Dollar =Lower. 
Wall Street = Seen lower, with the market eyeing more financial results and economic data. More jobless claims submitted than the street thought Thursday.

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

 

 

 

More in a minute,

 

Mike

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6 Replies
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Honored Advisor

Re: Floor Talk April 16

Suppose this will have any effect on this year's weather and crops in the northern hemisphere?

 

 

 

Holuhraun Emitted 11 Million Tons of SO2 Gas

The eruption in Holuhraun up close.

Eleven million tons of SO2 were emitted during the Holuhraun eruption. Photo: Geir Ólafsson.

Scientists at the Icelandic Met Office have calculated that a total of 11 million tons of sulfur dioxide (SO2) were emitted during the six-month Holuhraun eruption in Iceland’s northeastern highlands.

While there was a spike in complaints about asthma, bronchitis and bronchiolitis, the health and environmental impacts appear to have been minimal, the BBCreports.

“The eruption definitely left its trace on the population, and although there was an increase respiratory cases and sales of medicines—nothing extreme was reported,” said Sara Barsotti, coordinator for volcanic hazard at the Icelandic Met Office, who recently spoke at the European Geosciences Union General Assembly in Vienna, Austria.

Based on data from a network of remote sensing and in-situ instruments established shortly after the eruption began last August, Sara and her colleagues have assessed that in addition to the SO2, just over 6.5 million tons of carbon dioxide was released, together with roughly 110,000 tons of hydrogen chloride.

Related

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Honored Advisor

Re: Floor Talk April 16

NATURE & TRAVEL

Bad Summer Forecast

Snow in Reykjavík

Reykjavík received another dusting of snow yesterday. Photo: Páll Stefánsson.

This summer in Iceland will be colder than average with a 30-percent chance of a wetter than usual summer, according to meteorologist at the Icelandic Met Office Trausti Jónsson.

Trausti came to the conclusion after looking at forecasts from the European Centre for Medium-Range Weather Forecasts (ECMWF), an independent intergovernmental organization, mbl.is reports.

The U.S. Met Office has also published a forecast for the coming summer, which is even more negative than that from ECMWF.

The First Day of Summer, an official holiday in Iceland, is on April 23

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Honored Advisor

Re: Floor Talk April 16


Might be dry? Minnesota

 

Lots of soil changing addresses. North Dakota, Minn, some south central Canada.

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Veteran Advisor

Re: Floor Talk April 16

There is SNOW in the forecast for next week.  

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Senior Advisor

Re: Floor Talk April 16

You know what they say. Snow makes grain
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Veteran Advisor

Re: Floor Talk April 16

Section of I-29 shut down due to wildfire

Police

Just across Minnesota’s western border, several hundred firefighters are battling what authorities call “suspicious” wildfires along more than 60 miles of Interstate 29 in northeastern North Dakota up to the Canadian border. 

Walsh County, North Dakota Sheriff Ron Jergens said the fires started in the north. Assisted by the wind, the fires have continued south.

Interstate 29 was shut down for several hours because of dense smoke and multiple crashes north of the Oslo, Minnesota interchange caused by zero visibility.

Traffic is moving in certain areas but officials are still advising no travel.

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