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Floor Talk August 8

At the close:

At the close, the September corn futures finished 1/2¢ higher at $3.71 3/4. December futures closed 1/2¢ higher at $3.85.

 

Sep. soybean futures closed 4 1/2¢ higher at $8.99 3/4.  November soybean futures closed 4 3/4¢ higher at $9.10 1/2.

 

September wheat futures settled 1 3/4¢ higher at $5.70.

Sept. soymeal futures finished $4.50 per short ton higher at $335.50. Sep. soy oil futures closed 0.16¢ lower at 28.59.

In the outside markets, the NYMEX crude oil market is $2.42 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 32 points lower.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 1¢ higher at $3.71 3/4. December futures are 1¢ higher at $3.85.

 

Sep. soybean futures are 3 3/4¢ higher at $8.99.  November soybean futures are 4¢ higher at $9.09.

 

September wheat futures are 2 3/4¢ lower at $5.65 1/2.

Sept. soymeal futures are $3.30 per short ton higher at $334.30. Sep. soy oil futures 0.10¢ lower at 28.65.

In the outside markets, the NYMEX crude oil market is $2.76 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 50 points lower.

 

Mike

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At 9:00am:

In early trading, the September corn futures are 2 3/4¢ higher at $3.73. December futures are 3¢ higher at $3.87.

 

Sep. soybean futures are 3¢ higher at $8.98.  November soybean futures are 3 1/2¢ higher at $9.09.

 

September wheat futures are 8 1/4¢ higher at $5.76.

Sept. soymeal futures are $2.50 per short ton higher at $333.50. Sep. soy oil futures 0.02¢ higher at 28.77.

In the outside markets, the NYMEX crude oil market is $1.38 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 34 points lower.

 

Mike

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Soybean futures were higher overnight as hot, dry weather has hurt crops in the Midwest, as indicated by this week's crop progress report from the USDA. There's also optimism from Oil World that China may come back to the US in the fourth quarter as Brazilian supplies run low. Still, the ongoing trade war between the US and China was ratcheted up a notch yesterday when Washington said it would put tariffs on another $16 billion worth of Chinese goods. In weather news, severe thunderstorms are rolling through central Oklahoma today, causing flooding in some areas, according to the National Weather Service. Check out today's 3 Big Things for all the details. 

 

West Texas Intermediate = down 1%.

Brent Crude = down 0.6%

Dollar = up 0.1%.

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

World Markets = Global stocks mixed overnight.

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