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08-17-2018 07:14 AM - last edited on 08-17-2018 11:06 AM by marketeye
At mid-session, the September corn futures are 1 1/4¢ lower at $3.64. December futures are 1 3/4¢ lower at $3.78.
Nov. soybean futures are 8 1/2¢ lower at $8.88. Jan. soybean futures are 8 1/4¢ lower at $9.01.
September wheat futures are 11 1/4¢ higher at $5.73.
Sept. soymeal futures are $3.70 per short ton lower at $330.90. Sep. soy oil futures 0.134¢ higher at 28.61.
In the outside markets, the NYMEX crude oil market is $0.39 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 100 points higher.
In early trading, the September corn futures are 1¢ higher at $3.66. December futures are 3/4¢ higher at $3.80.
Sep. soybean futures are 8¢ lower at $8.77. November soybean futures are 8 1/2¢ lower at $8.88.
September wheat futures are 18 1/4¢ higher at $5.80.
Sept. soymeal futures are $3.30 per short ton lower at $331.30. Sep. soy oil futures 0.04¢ higher at 28.52.
In the outside markets, the NYMEX crude oil market is $0.53 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 28 points lower.
Wheat surged overnight on concerns about the Australian crop after the government said in a report yesterday that September is looking drier than normal, and on robust export sales. Futures added 9-10 cents, beans lost 2 cents and corn gained a penny. Wheat sales jumped to a marketing-year high last week while old-crop sales of corn and beans were lower week-to-week. That's not too surprising considering there's only a couple weeks left in the marketing year and buyers tend to switch their orders from old-crop to new-crop delivery. In weather news, storms are possible in much of southwestern Missouri and southeastern Kansas today, and in parts of Iowa and western Illinois into the weekend. Check out today's 3 Big Things for all the details.
West Texas Intermediate = up 0.5%.
Brent Crude = up 0.9%
Dollar = down 0.2%
Wall Street = U.S. stock lower pre-market.
World Markets = Global stocks mixed overnight.