Floor Talk August 26
At the close:
At the cose, the Dec. corn futures settled 3 3/4 cents lower at $3.73 1/4. Nov. soybean futures ended 12 3/4 cents lower at $8.65.
Dec. wheat futures finished 5 1/4 cents lower at $4.94 1/4.
Dec. soymeal futures ended $3.20 per short ton lower at $313.90. Dec. soyoil futures settled $0.71 lower at $26.44.
In the outside markets, the Brent Crude oil market is $0.34 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 619 points higher.
At mid-session, the Dec. corn futures are trading 2 1/2 cents lower at $3.74 1/2. Nov. soybean futures are trading 8 3/4 cents lower at $8.69.
Dec. wheat futures are 6 1/2 cents lower at $4.93.
Dec. soymeal futures are trading $2.20 per short ton lower at $314.90. Dec. soyoil futures are trading $0.57 lower at $26.58.
In the outside markets, the Brent Crude oil market is $0.06 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 182 points higher.
Separately, Monsanto has dropped its bid for Syngenta.The news was announced Wednesday morning.
At the open:
At the open, the Dec. corn futures are trading 2 cents higher at $3.79. Nov. soybean futures are trading 2 cents higher at $8.79.
Dec. wheat futures are 2 cents higher at $5.02.
Dec. soymeal futures are trading $1.50 per short ton higher at $318.80. Dec. soyoil futures are trading $0.28 lower at $28.62.
In the outside markets, the Brent Crude oil market is $0.22 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 161 points higher.
Early calls: Corn 1-2 cents higher, soybeans 5-7 cents lower, and wheat 2-4 cents higher.
Overnight grain, soybean markets = Trading mostly higher.
Brent Crude Oil = $0.04 higher.
Wall Street = Seen higher, after a volatile Chinese stock market leaving investors unimpressed with stimulus moves.
World Markets = Europe stocks were mostly lower, Asia/Pacific stocks were higher.
More in a minute,
Re: Floor Talk August 26
It looks like Brazilian farmers have moved a lot of old-crop soybeans. The Port of Paranagua reported this week that exports in July were sharply higher than a year ago.
The three products pulled the rise in exports through the Port Paranaense in July. In total, we shipped 2.91 million tons, 2% higher than the same last year, with 2.85 million tons.
PRODUCTIVITY - The favorable exchange rate offset the low soybean price in the international market and stimulated exports. The Management president director of Paranaguá and Antonina (APPA), Luiz Henrique Dividino says that high productivity export corridor, which operates since March with two new shiploaders, it is essential to give vent to agricultural production.
"The producer delayed the sale of soybeans this year and even with the flow of production concentrated in a few months, we can meet this demand with agility," he says. Throughout the month, they were also exported 599,000 tons of soybean meal and 260,000 tonnes of corn.
FROZEN AND OIL - In July, exports 189 000 tons of frozen, while in the same month of 2014 were handled 131,000 tons. It was registered also increase of 17% in the year.
Since the oil product shipments totaled 131,000 tons in July, against 87,000 tons in July 2014. During the year, the product records 29% increase in exports. This result was also responsible for the increase in total movement of liquid bulk, which closed on July high of 14%.
CONTAINERS - The total container movement through the Port of Paranaguá also increased compared to July 2014, up 14%. 76,400 were moved TEUs (unit of measurement equivalent to 20-foot containers) in July 2015, a historical record. On import, the increase was 20%, with 39 100 TEUs, and export growth was 8%, with 37 200 TEUs.
Re: Floor Talk August 26
So.......just a question for everyone.......if Brazil's beans are cheaper than the beans in the U.S. Does that make Brazilian farmers the winners? Or the losers?