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Veteran Contributor

Floor Talk August 22

At the close:

At the close, the September corn futures finished 7 1/4¢ lower at $3.52 1/2. December futures ended 7 1/2¢ lower at $3.66 3/4.

 

Nov. soybean futures settled 15 3/4¢ lower at $8.70 1/4.  Jan. soybean futures finished 15 1/2¢ lower at $8.83 1/4.

 

Dec. wheat futures finished 2 1/2¢ lower at $5.45 1/4.

Dec. soymeal futures closed $4.00 per short ton lower at $323.20. Dec. soy oil futures ended 0.39¢ lower at 28.56.

In the outside markets, the NYMEX crude oil market is $2.06 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 83 points lower.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 4 1/2¢ lower at $3.55. December futures are 4 3/4¢ lower at $3.69 1/2.

 

Nov. soybean futures are 9 3/4¢ lower at $8.76.  Jan. soybean futures are 9 1/2¢ lower at $8.89.

 

Dec. wheat futures are 1/2¢ higher at $5.48.

Dec. soymeal futures are $3.60 per short ton lower at $323.60. Dec. soy oil futures 0.39¢ lower at 28.56.

In the outside markets, the NYMEX crude oil market is $2.02 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 7 points lower.

 

Mike

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At 9:05am:

In early trading, the September corn futures are 3 1/2¢ lower at $3.56. December futures are 3 3/4¢ lower at $3.70.

 

Nov. soybean futures are 12 3/4¢ lower at $8.73.  Jan. soybean futures are 12 3/4¢ lower at $8.86.

 

Dec. wheat futures are 1 3/4¢ lower at $5.46.

Dec. soymeal futures are $3.40 per short ton lower at $323.80. Dec. soy oil futures 0.29¢ lower at 28.66.

In the outside markets, the NYMEX crude oil market is $1.56 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 19 points lower.

 

Mike

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Soybeans were lower overnight on investor concern that the talks between the US and China scheduled for this week won't bear much fruit. President Trump told Reuters earlier this week that he doesn't expect much from the mid-level talks, and the administration is set to impose tariffs on another $16 billion worth of Chinese goods starting on Thursday, though nobody is quite sure yet how the talks will affect those duties. Beans were down about 4 cents, corn lost about 3 cents and wheat was down 5-6 cents overnight. On the plus side, two well-respected ag economists said in a report that China will eventually have to turn to the US for beans as South America will run out before their next harvest. In weather news, more storms are on the way for parts of eastern Nebraska and western Iowa where record rain earlier this week caused the Missouri River to overrun its banks in places. Check out today's 3 Big Things for all the details. 

 

West Texas Intermediate = up 1.9%.

Brent Crude = up 1.7%.

Dollar = down 0.3%.

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

World Markets = Global stocks mixed overnight.

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