At the close:
At the close, the Sept. corn futures finished 3¢ lower at $3.46, while December futures finished 3¢ lower at $3.60. Nov. soybean futures finished 1 1/4¢ higher at $9.37, Jan. soybean futures closed 1 1/4¢ higher at $9.45 3/4. September wheat futures finished 8¢ lower at $4.29. Dec. soy meal futures closed $0.30 per short ton lower at $298.70. Dec. soy oil futures closed $0.25 higher at 34.42¢ per pound. In the outside markets, the Brent crude oil market is $0.37 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 182 points higher.
Mike
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At mid-session:
At mid-session , the Sept. corn futures are 2¢ lower at $3.47, while December futures are 2 1/2¢ lower at $3.60. Nov. soybean futures are 1/2¢ higher at $9.33, Jan. soybean futures are 3/4¢ higher at $9.37. September wheat futures are 7 1/4¢ lower at $4.29 3/4. Dec. soy meal futures are $0.20 per short ton lower at $298.80. Dec. soy oil futures are $0.13 higher at 34.30¢ per pound. In the outside markets, the Brent crude oil market is $0.30 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 152 points higher.
Mike
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At 9am:
In early trading , the Sept. corn futures are 1 1/4¢ lower at $3.47, while December futures are 1 1/4¢ lower at $3.61 3/4. Nov. soybean futures are 3¢ higher at $9.35, Jan. soybean futures are 2 1/2¢ higher at $9.38. September wheat futures are 4 1/4¢ lower at $4.32. Dec. soy meal futures are $0.10 per short ton lower at $298.90. Dec. soy oil futures are $0.22 higher at 34.39¢ per pound. In the outside markets, the Brent crude oil market is $0.61 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 112 points higher.
Mike
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Soybeans and grains were little changed overnight as there were no shocks from the crop progress report nor the crop tour yesterday. Beans were up 2 cents while corn and wheat moved less than a penny in overnight trading. The crop tour showed corn yields will likely come in below last year in South Dakota and above 2016 levels in Ohio, neither of which is surprising considering the weather in the states this year. Crop progress showed corn ratings were unchanged from last week at 62% good or excellent while soybeans were up a point to 60% good or excellent. In weather news, there's a flash flood warning along the Kansas-Missouri border near Kansas City. The National Weather Service has warned people to avoid low-lying areas as they can be underwater quickly. See all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-august-22.
Here's what happened overnight:
Brent Crude Oil = down 0.2%
West Texas Intermediate = down 0.1%
Dollar = up 0.4%.
Wall Street = U.S. stock futures higher in pre-market trading.
World Markets = Global stocks higher on positive economic data.
