Floor Talk April 22

[Tony_Dreibus]

Well it was a fun ride while it lasted, but it seems the specter of  a price drop after a more-than 60-cent price increase this week was more than investors could handle. Prospects for $11 beans have "up and vanished like a fart in the wind," to quote one of my favorite movies, and futures are back near the $10 level. Still, that's not bad considering we were wondering if beans could even touch $10 earlier this week. 

Here's what happened overnight:

Brent Crude Oil = 0.2% higher. 

West Texas Intermediate Crude Oil = 0.3% higher.

Dollar = up 0.1%.

Wall Street = U.S. stock futures slightly higher in pre-market trading. 
World Markets = Global stocks decline on worries Bank of Japan to offer negative-rate loans.

[roarintiger1]

Willing to put your reputaion on the line on the trend of one overnight market?    I'm not.  

As Billy Joel & Garth Brooks sang......."You may be right........I may be crazy."    https://www.youtube.com/watch?v=aoyAg75PsTA

[Hobbyfarmer]

Poll Label

Are your planting intentions changing already as the planter rolls?

Percentages
16%	20%	61%	2%
(1)	(2)	(3)	(4)

Vote Legend
1)	More corn	45
2)	More beans	54
3)	Same	167
4)	Other crop	7
Total Votes:		273

Results current as of:
22-Apr-16 01:09 PM