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marketeye
Veteran Advisor

Floor Talk April 30, 2021

At the close:

At the close, the May corn futures finished 38¢ higher at $7.40.

July corn futures closed 25¢ higher at $6.73 1/2. New crop December corn futures finished 17 1/2¢ higher at $5.63 3/4.

May soybean futures settled 28 1/2¢ higher at $15.71. July soybean futures finished 32¢ higher at $15.34. New crop November soybean futures closed 21¢ higher at $13.39.

July wheat futures closed 5 1/4¢ higher at $7.34 3/4.

July soymeal futures closed $3.10 short ton higher at $426.10.

July soy oil futures ended +2.50 higher at 62.39¢ per pound.

In the outside markets, the NYMEX crude oil market is -1.35 lower (-2.08%) at $63.66. The U.S. dollar is higher, and the Dow Jones Industrials are 182 points lower (-0.53%) at 33,878 points.

Mike

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At midsession:

At midsession, the May corn futures are 14¢ higher at $7.16, after hitting $7.20 per bushel earlier this week.

July corn futures are 13 1/2¢ higher at $6.61 1/2. New crop December corn futures are 2 3/4¢ higher at $5.49.

May soybean futures are 5 1/2¢ higher at $15.48 1/4. July soybean futures are 9 1/2¢ lower at $15.11 3/4. New crop November soybean futures are 4 1/2¢ higher at $13.23 1/2.

July wheat futures are 5 1/4¢ lower at $7.23 3/4.


July soymeal futures are $2.70 short ton lower at $420.30.


July soy oil futures are +1.55 higher at 61.44¢ per pound.

In the outside markets, the NYMEX crude oil market is -1.58 lower (-2.43%) at $63.43. The U.S. dollar is higher, and the Dow Jones Industrials are 210 points lower (-0.62%) at 33,849 points.

 

Mike

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At 8:45am:

 

Profit-taking occurs Friday.

 

Mike

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1 Reply
sw363535
Honored Advisor

Re: Floor Talk April 30, 2021

wow that profit taking didn't last long..... what a mess..... I would have preferred taking two years to get to these prices.  But that's not the just in time world we live in these days.

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