Floor Talk August 24
Wheat futures were lower for the fifth straight session despite ongoing global weather woes as the export sales report was negative for the grain. Futures fell 4-6 cents overnight, while beans were up about 2 cents and corn was up by a tick. The export sales report showed sales of old-crop corn were lower and soybean sales in the seven days that ended on Aug. 16 were higher with just over two weeks left to go in the marketing year that ends on Aug. 31. Wheat sales, however, dropped and were well below expectations. In weather news, a severe storm dropped up to 5 inches of rain in parts of northern Missouri overnight, causing flash flooding in some areas. More rain is on the way for the region. Check out today's 3 Big Things for all the details.
West Texas Intermediate = up 1.2%.
Brent Crude = up 1.1%.
Dollar = down 0.4%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks higher overnight.