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08-01-2018 07:29 AM - last edited on 08-01-2018 01:51 PM by marketeye
At the close:
At the close, the September corn futures finished 7 1/4¢ lower at $3.65. December futures closed 7¢ lower at $3.79 1/2.
Sep. soybean futures settled 17 1/4¢ lower at $8.91 1/2. November soybean futures ended 17 1/4¢ lower at $9.01 3/4.
September wheat futures closed 4 1/2¢ higher at $5.58.
August soymeal futures settled $5.40 per short ton lower at $334.50. Sep. soy oil futures closed 0.35¢ lower at 28.95.
In the outside markets, the NYMEX crude oil market is $1.12 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 98 points lower.
At mid-session, the September corn futures are 2 1/4¢ lower at $3.70. December futures are 2 1/4¢ lower at $3.84.
Sep. soybean futures are 14¢ lower at $8.94. November soybean futures are 14 1/4¢ lower at $9.04 3/4.
September wheat futures are 8¢ higher at $5.61.
August soymeal futures are $4.10 per short ton lower at $335.80. Sep. soy oil futures 0.17¢ lower at 28.72.
In the outside markets, the NYMEX crude oil market is $1.17 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 84 points lower.
In early trading, the September corn futures are 2 1/4¢ higher at $3.70. December futures are 2 1/4¢ lower at $3.84.
Sep. soybean futures are 12 1/4¢ lower at $8.96. November soybean futures are 12 3/4¢ lower at $9.06.
September wheat futures are 10 1/4¢ higher at $5.64.
August soymeal futures are $4.50 per short ton lower at $335.40. Sep. soy oil futures 0.19¢ lower at 28.70.
In the outside markets, the NYMEX crude oil market is $1.13 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 39 points higher.
Soybeans were lower overnight on renewed trade-war tensions. The Trump Administration may be considering raising levies on the $200 billion in Chinese goods on which it plans to impose tariffs from 10% to 25%, according to reports from several news outlets. The news was first reported by Bloomberg. China said overnight they would again retaliate if the US moves forward with that plan. Beans, in response, dropped 11 cents overnight. Corn was about a penny lower and wheat was a nickel higher. Prices had just turned higher, rising more than 10% in the past two weeks, before optimism was tempered. In weather news, rain is in the forecast for parts of eastern Illinois and southwestern Indiana, and parts of eastern Nebraska and western Iowa, according to the National Weather Service. Check out today's 3 Big Things for all the details.
West Texas Intermediate = down 1.3%.
Brent Crude = down 1.7%
Dollar = up 0.1%.
Wall Street = U.S. stock mixed pre-market.
World Markets = Global stocks mixed overnight.