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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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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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Re: Floor Talk April 9, 2021 (Report Day)
Or maybe they caught a whiff of what was going on and made their move yesterday?