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Veteran Contributor

Floor Talk August 3

At mid-session:

At mid-session, the September corn futures are 3 1/4¢ higher at $3.70. December futures are 3¢ higher at $3.84.

 

Sep. soybean futures are 3/4¢ lower at $8.86.  November soybean futures are 3/4¢ lower at $8.96.

 

September wheat futures are 3/4¢ lower at $5.59.

August soymeal futures are $1.60 per short ton lower at $329.90. Sep. soy oil futures 0.18¢ higher at 28.47.

In the outside markets, the NYMEX crude oil market is $0.77 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 84 points higher.

 

Mike

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At 9:20am:

In early trading, the September corn futures are 2 1/2¢ higher at $3.69. December futures are 2 1/4¢ higher at $3.83.

 

Sep. soybean futures are 6¢ lower at $8.81.  November soybean futures are 5 3/4¢ lower at $8.91 3/4.

 

September wheat futures are 1/4¢ lower at $5.60.

August soymeal futures are $1.60 per short ton lower at $329.40. Sep. soy oil futures 0.04¢ higher at 28.33.

In the outside markets, the NYMEX crude oil market is $0.30 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 56 points higher.

 

Mike

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Wheat futures were slightly higher and reached three-year highs yesterday after reports that Ukraine said it would limit exports. The Black Sea nation, however, later clarified a statement saying it instead planned to discuss exports. Futures slid back, but still held gains for the session. This morning, wheat futures were up about a penny. Corn gained about 1 cent while soybeans fell 3 cents overnight. Export sales of soybeans plunged more than 70% week-to-week, while corn sales were down 14%. Wheat sales were mixed. In weather news, storms are rumbling into eastern Minnesota and much of Wisconsin and should stick around for the weekend, while in northern Missouri, there's a fire hazard due to strong winds and low humidity. Get all the details in today's 3 Big Things

 

West Texas Intermediate = down 0.3%.

Brent Crude = down 0.2%

Dollar = down 0.1%.

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

World Markets = Global stocks lower overnight.

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