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Floor Talk August 6

[ Edited ]

At the close:

At the close, the September corn futures finished 1 1/4¢ higher at $3.71. December futures settled 1¢ higher at $3.85.

 

Sep. soybean futures closed 8 3/4¢ lower at $8.82.  November soybean futures finished 8 3/4¢ lower at $8.93.

 

September wheat futures ended 18 3/4¢ higher at $5.74 1/2.

August soymeal futures closed $2.20 per short ton lower at $328.40. Sep. soy oil futures 0.06¢ lower at 28.80.

In the outside markets, the NYMEX crude oil market is $0.57 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 58 points higher.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 1/2¢ higher at $3.70. December futures are 1/2¢ higher at $3.84.

 

Sep. soybean futures are 9 1/2¢ lower at $8.82.  November soybean futures are 9 3/4¢ lower at $8.92.

 

September wheat futures are 12 3/4¢ higher at $5.69.

August soymeal futures are $3.10 per short ton lower at $327.50. Sep. soy oil futures 0.01¢ lower at 28.51.

In the outside markets, the NYMEX crude oil market is $1.30 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 34 points higher.

 

Mike

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At 8:55:am:

In early trading, the September corn futures are steady at $3.69. December futures are even at $3.84.

 

Sep. soybean futures are 12 3/4¢ lower at $8.78.  November soybean futures are 12 3/4¢ lower at $8.89.

 

September wheat futures are 13¢ higher at $5.69.

August soymeal futures are $4.10 per short ton lower at $326.50. Sep. soy oil futures 0.12¢ lower at 28.40.

In the outside markets, the NYMEX crude oil market is $0.59 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 62 points lower.

 

Mike

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Soybean futures were lower overnight on continued concerns about the ongoing trade spat after China on Friday said it would impose tariffs on another $60 billion worth of US goods if Washington moves forward with duties on another $200 billion in Chinese wares. Beans were down about 7 cents, corn was unchanged and wheat was up 1-2 cents. Money managers, meanwhile, reduced their bearish bets on corn and soybeans, likely after crop ratings declined in some Midwestern states. In weather news, thunderstorms are forecast for parts of Minnesota today, and in Missouri some storms are likely to become severe, according to the National Weather Service. Check out today's 3 Big Things for all the details. 

 

West Texas Intermediate = up 1.4%.

Brent Crude = up 1%

Dollar = up 0.3%.

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

World Markets = Global stocks lower overnight.