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Veteran Contributor

Floor Talk April 3

At the close:

At the close, the May corn futures finished 1 1/4¢ higher at $3.88 1/2. July futures closed 1 1/2¢ higher at $3.97. May soybean futures finished 2 1/2¢ higher at $10.38.  July soybean futures closed 3¢ higher at $10.49 1/4. May wheat futures ended 11 1/4¢ higher at $4.57 1/2. May soy meal futures finished $2.70 per short ton higher at $380.00. January soy oil futures closed 0.30 higher at 32.34¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.48 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 241 points higher.

 

Mike

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At mid-session:

At mid-session, the May corn futures are 4 1/4¢ higher at $3.91. July futures are 4 1/4¢ higher at $4.00. May soybean futures are 11 1/4¢ higher at $10.46.  July soybean futures are 11 1/4¢ higher at $10.57. May wheat futures are 16 3/4¢ higher at $4.63. May soy meal futures are $4.20 per short ton higher at $381.50. January soy oil futures are 0.56 higher at 32.60¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.35 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 155 points higher.

 

 

Mike

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At 9:00am:

In early trading, the May corn futures are 3 1/4¢ higher at $3.90. July futures are 3 1/2¢ higher at $3.99. May soybean futures are 9¢ higher at $10.44.  July soybean futures are 9 1/4¢ higher at $10.55. May wheat futures are 10 3/4¢ higher at $4.57. May soy meal futures are $1.20 per short ton higher at $378.50. January soy oil futures are 0.14 higher at 32.18¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.43 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 83 points higher.

 

 

Mike

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Soybeans and grains were higher in overnight trading as investors, at least this morning, focus on the reduced planted acreage. In case you missed it, the USDA last week said growers would plant 89 million acres with beans and 88 million with corn, both well below expectations and down from the government's February projection of 90 million acres for both crops. That's been underpinning prices since, even in the face of an ongoing trade dispute between the US and China. That, however, is keeping prices rangebound, at least for now. Beans were up about 8 cents overnight, wheat gained 4-7 cents and corn was up about a penny. Export inspections were higher week-to-week for corn and wheat, but down for beans. In other news, the USDA's first national crop progress report of the year showed only 32% of the winter wheat crop was in good or excellent condition, with most of the good stuff in soft-red country. Get all the details in today's 3 Big Things

 

Brent Crude Oil = up 0.3%.

West Texas Intermediate = up 0.4%.

Dollar = up 0.1%

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks mixed overnight

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3 Replies
Honored Advisor

Re: Floor Talk April 3

Hey Tony,  Is Luis still out there somewhere? We haven't had a report from him about Brazil's crops for quite a while. 

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Veteran Contributor

Re: Floor Talk April 3

I'll ask around  and see what I can find about a Brazil crop update. Mike's out today (wednesday) but let me see what I can do. 

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Honored Advisor

Re: Floor Talk April 3

https://www.agricensus.com/soy-news/

 

Click away on this site , your answer will more than likely be there

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