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marketeye
Veteran Advisor

Floor Talk April 9, 2021 (Report Day)

USDA/WASDE Report at 11:00am Today. Watch for results and analysis right here.

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At the close:

At the close, the May corn futures closed 2 1/2¢ lower at $5.77 1/2, reaching as high as the eight-year peak of $5.85.

July corn futures finished 3/4¢ higher at $5.62 1/4. New crop December corn futures closed 1 3/4¢ higher at $4.96 1/4.

May soybean futures closed 12 1/4¢ lower at $14.03. July soybean futures finished 11 1/2¢ lower at $13.98 1/4. New crop November soybean futures closed 10¢ lower at $12.63 1/2.

May wheat futures ended 10¢ higher at $6.38 3/4.


May soymeal futures settled $5.60 short term lower at $401.20.


July soy oil futures closed -0.53 lower at 52.85¢ per pound.

In the outside markets, the NYMEX crude oil market is -0.25 lower (-0.42%) at $59.35. The U.S. dollar is higher, and the Dow Jones Industrials are 146 points higher (+0.44%) at 33,649 points.

 

Mike

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At 11am:

 

USDA data is bullish corn, bearish soybeans.

 

Mike

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At 8:45am:

 

Corn trades near 8-year high Friday.

 

Mike

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2 Replies
roarintiger1
Honored Advisor

Re: Floor Talk April 9, 2021 (Report Day)

I would say that the traders response to this report was a big yawn.

They must have missed that bullish corn report, 

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Wind
Advisor

Re: Floor Talk April 9, 2021 (Report Day)

Or maybe they caught a whiff of what was going on and made their  move yesterday?

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