cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Veteran Advisor

Floor Talk August 25, 2020

At the close:

At the close, the Sept. corn futures finished 9¢ higher at $3.40 3/4. Dec. corn futures closed 9 1/2¢ higher at $3.54 3/4.

Nov. soybean futures finished 14 1/2¢ higher at $9.20 1/2. January soybean futures closed 14 1/4¢ higher at $9.27 1/4.

Dec. wheat futures settled 7 3/4¢ higher at $5.35 3/4.

Dec. soymeal futures closed $3.00 per short ton higher at $300.00.

Dec. soy oil futures ended $0.33 cent higher at 32.28¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.69 per barrel higher at $43.35. The U.S. dollar is lower, and the Dow Jones Industrials are 79 points lower.

 

Mike

-------------

At midsession:

At midsession, the Sept. corn futures are 7 1/4¢ higher at $3.39. Dec. corn futures are 8 3/4¢ higher at $3.53 3/4.

Nov. soybean futures are 12 1/2¢ higher at $9.18 1/2. January soybean futures are 12 1/4¢ higher at $9.25 1/4.

Dec. wheat futures are 14¢ higher at $5.41 3/4.


Dec. soymeal futures are $2.70 lower per short ton higher at $299.70.

Dec. soy oil futures are $0.31 cent higher at 32.26¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.69 per barrel higher at $43.35. The U.S. dollar is lower, and the Dow Jones Industrials are 178 points lower.

Mike

-------------

At 8:45am:

 

Corn, soybean prices jump up, Tuesday. See the full report here

 

 

Thanks,

 

Mike

0 Kudos
2 Replies
Highlighted
Senior Advisor

Re: I guess that 50% Good+ Excellent for Iowa corn put the scare in them.

I guess that 50% Good+Excellent for Iowa corn put the scare in them.

0 Kudos
Highlighted
Honored Advisor

Re: I guess that 50% Good+ Excellent for Iowa corn put the scare in them.

Well, that and the lower good/excellent conditions in many other states.   

Again, just for those who haven't followed along.......USDA's predictions even before planting the crops have an adverse affect on the markets.  Keeping the lid on prices as long as they can.   I will say again that they should not put out any numbers until A. The real acres planted are known.......and  B. The real bushels harvested are known.  

Just a reminder that the bushels really aren't there  until they are in the bin..........(or in the pile)