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Veteran Contributor
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Registered: ‎09-09-2014
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Floor Talk August 20

[ Edited ]

At the close:

At the close, the September corn futures finished 2 1/4¢ lower at $3.62. December futures ended 2 1/4¢ lower at $3.76 1/2.

 

Sep. soybean futures closed 1/2¢ higher at $8.93 1/4.  November soybean futures settled 3/4¢ higher at $9.05 3/4.

 

September wheat futures closed 17 1/4¢ lower at $5.62 1/2.

Sept. soymeal futures finished $1.90 per short ton lower at $328.20. Dec. soy oil futures closed 0.32¢ higher at 28.88.

In the outside markets, the NYMEX crude oil market is $0.59 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 92 points higher.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 3 1/4¢ lower at $3.61. December futures are 3 1/2¢ lower at $3.75.

 

Sep. soybean futures are 2 1/2¢ higher at $8.95.  November soybean futures are 2 3/4¢ higher at $9.07.

 

September wheat futures are 15 1/4¢ lower at $5.64.

Sept. soymeal futures are $0.70 per short ton lower at $329.40. Dec. soy oil futures 0.37¢ higher at 28.93.

In the outside markets, the NYMEX crude oil market is $0.28 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 105 points higher.

 

Mike

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At 9:00am:

In early trading, the September corn futures are 3 1/4¢ lower at $3.61. December futures are 3 1/2¢ lower at $3.75.

 

Sep. soybean futures are 3 1/4¢ higher at $8.96.  November soybean futures are 3 3/4¢ higher at $9.08.

 

September wheat futures are 17 1/4¢ lower at $5.62.

Sept. soymeal futures are $1.70 per short ton lower at $328.40. Dec. soy oil futures 0.20¢ higher at 28.76.

In the outside markets, the NYMEX crude oil market is $0.03 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 117 points higher.

 

Mike

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Soybeans jumped overnight on optimism that US and Chinese negotiators this week will be able to find a resolution to the ongoing trade war between the world's biggest economies. Beans added almost a dime, while corn was little changed. Wheat futures lost 5-7 cents in overnight trading.  Money managers are buying into the optimism as they reduced their net-short positions, or bets on lower prices, in both corn and beans last week. They're already bullish on wheat, which didn't change much. In weather news, a large storm is hammering parts of eastern Nebraska and western Iowa this morning, causing flooding along the Missouri River. Check out today's 3 Big Things for all the details. 

 

West Texas Intermediate = down 0.3%.

Brent Crude = up 0.1%

Dollar = up  0.2%

Wall Street = U.S. stock higher pre-market.

World Markets = Global stocks mostly higher overnight.

Senior Contributor
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Registered: ‎08-02-2012
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Re: Floor Talk August 20

Crooks
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Veteran Advisor
Posts: 1,490
Registered: ‎06-25-2010
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Re: Floor Talk August 20

Crooked politicians. Smiley Happy