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Tony_Dreibus
Veteran Contributor

Floor Talk April 16

At the close:

At the close the May corn futures finished 3 3/4¢ lower at $3.82 1/4. July futures finished 3 1/2¢ lower at $3.91. May soybean futures finished 12 1/4¢ lower at $10.42.  July soybean futures settled 11 3/4¢ lower at $10.53 1/4. May wheat futures finished 10 1/4¢ lower at $4.62 1/4. May soy meal futures ended $5.00 per short ton lower at $377.80. January soy oil futures closed 0.30 lower at 31.18¢ per pound.  In the outside markets, the NYMEX crude oil market is $1.15 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 257 points higher.

 

Mike

 

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At 12-Noon:

At mid-day, the May corn futures are 2 3/4¢ lower at $3.83. July futures are 2 1/2¢ lower at $3.92. May soybean futures are 7¢ lower at $10.47.  July soybean futures are 6 3/4¢ lower at $10.58. May wheat futures are 8 1/4¢ lower at $4.64. May soy meal futures are $2.50 per short ton lower at $380.30. January soy oil futures are 0.18 lower at 31.30¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.83 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 302 points higher.

 

Mike

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At 9:00am:

In early trading, the May corn futures are 1 1/4¢ lower at $3.85. July futures are 1 1/4¢ lower at $3.93. May soybean futures are 1 1/4¢ lower at $10.53.  July soybean futures are 1 1/4¢ lower at $10.63. May wheat futures are 7 1/2¢ lower at $4.65. May soy meal futures are $2.70 per short ton lower at $380.10. January soy oil futures are 0.22 lower at 31.26¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.83 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 176 points higher.

 

Mike

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Wheat futures were the lowest in 10 days as there's rain in the mid-term forecast and on signs of weak demand. The National Weather Service is showing a possibility that more than an inch of rain will fall mainly in the southern Plains in the four- to five-day outlook. If that happens, that'll give hard-red winter wheat that hasn't had, in some cases, any water in the past six months a drink. Chicago wheat lost 4 cents while KC wheat was down almost a dime. Corn fell a penny while soybeans gained 1 cent. Money managers, meanwhile, raised their bullish bets in corn and hard-red winter wheat as of April 10, and prices for the latter have been falling steadily since. In weather news, it's cold and snowy in the north and dry and warm in the southwest. Another winter weather watch has been issued for parts of Iowa, Minnesota, Nebraska and South Dakota as more snow is expected starting tomorrow. Check out the details in today's 3 Big Things

 

Brent Crude Oil = down 1.2%.

West Texas Intermediate = down 1.3%.

Dollar = down 0.3%

Wall Street = U.S. stock markets higher pre-market.

World Markets = Global stocks lower overnight.

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