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marketeye
Veteran Advisor

Floor Talk April 23, 2021

At midsession:

At midsession, the May corn futures are at 3/4¢ higher at $6.51 1/2.

July corn futures are 1/4¢ higher at $6.31 1/4. New crop December corn futures are 2 1/4¢ lower at $5.51. In the last week, December prices have rallied $2.00 off the contract low of $3.57 to the contract high hit yesterday at $5.53.

May soybean futures are 12¢ higher at $15.45 1/4. July soybean futures are 7 1/2¢ higher at $15.21 3/4. New crop November soybean futures are 4 3/4¢ higher at $13.42 1/4.

July wheat futures are 1/4¢ lower at $7.10 1/4.

July soymeal futures are $2.80 short ton higher at $428.10.


July soy oil futures are +0.08 higher at 59.03¢ per pound.

In the outside markets, the NYMEX crude oil market is +0.36 higher (+0.59%) at $61.62. The U.S. dollar is lower, and the Dow Jones Industrials are 160 points higher (+0.48%) at 33,976 points.

Mike

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At 8:45am:

 

Ag markets drop slightly Friday.

 

Mike

------------

At 8am:

On Friday, private exporters reported to the U.S. Department of Agriculture the following activity:

--Export sales of 336,000 metric tons of corn for delivery to unknown destinations during the 2021/2022 marketing year;

--Export sales of 136,680 metric tons of corn for delivery to Guatemala during the 2021/2022 marketing year; and

--Export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.

The marketing year for corn and soybeans began Sept. 1.

 

Mike

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5 Replies
sw363535
Honored Advisor

Re: Floor Talk April 23, 2021

Additional good news for grain markets 

 

across kansas (well west 2/3). this week did not see one planter in the field.... I am sure they are out there in the dark, but none seen in daylight so far........ by this observer

 

This afternoons USDA Cattle on Feed Report is expected to show all U.S. cattle on feed as of April 1 at 11.986 million head, or 106.1% of last year; March cattle placements are seen at 133.7% of last year with March market- ings estimated at 101.1% of last season

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clayton58
Veteran Advisor

Re: Floor Talk April 23, 2021

Sw. If you had been driving around Meade county you would have seen some. We ran Wednesday and Thursday. Parked today. Fog and humidity had residue to damp to no till through. According to mesonet soil temps are maybe close to high enough. 90 Sunday and Monday should warm it up though 

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sw363535
Honored Advisor

Re: Floor Talk April 23, 2021

We went north up 83 to Oakley then east to the "Wilson/Kanopolis" area so far.  Thinking about Milford then chanute area.  Had 6 inches of snow Tuesday at Kanopolis Lake.

Wet was the issue on that route------ the morning temps went up Friday morning and it is finally clear this morning.

Too wet has been the issue and cloudy/damp.... .....    ground is ready... I would think our sw guys will lead us into summer.

Stayed at Scott State Park, toured Ellis, and multiple gas stations.

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k-289
Senior Advisor

Re: Floor Talk April 23, 2021

Humidity  in Phoenix Az.  at 3 pm being  8%  &  93 f  with  triple  digits  for  next  weekend - - -

Seems  these  numbers  are   interesting  for  April 25  - with  a  SW pattern flow  to  NE  could  lead to  an  interesting  wheat  yield  harvest  watch - - -     

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sw363535
Honored Advisor

Re: Floor Talk April 23, 2021

 And march winds that last until June.

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