At the close:
At the close, the Sep. corn futures settled 3/4¢ lower at $4.10 3/4. Dec. corn futures settled 1/2¢ higher at $4.17 1/4.
Sep. soybean futures settled 8 3/4¢ higher at $8.79. November soybean futures closed 8 3/4¢ higher at $8.91 3/4.
Sep. wheat futures settled 1 1/2¢ higher at $5.01 1/2.
December soymeal futures closed $1.70 per short ton lower at $303.70.
December soy oil futures ended $0.57 higher at 29.95¢ per pound.
In the outside markets, the NYMEX crude oil market is $2.07 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 40 points lower.
Mike
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At 11am:
At midsession, the Sep. corn futures are 1/4¢ lower at $4.10 3/4. Dec. corn futures are 1/2¢ higher at $4.18 1/4.
Sep. soybean futures are 4 1/4¢ higher at $8.74 1/2. November soybean futures are 4¢ higher at $8.87.
Sep. wheat futures are 3¢ higher at $5.01 1/4.
December soymeal futures are $0.10 per short ton lower at $301.90.
December soy oil futures are $0.43 higher at 29.81¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.88 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 250 points lower.
At 8:56am:
In early trading, the Sep. corn futures are 5 1/2¢ higher at $4.13. Dec. corn futures are 2 1/2¢ higher at $4.20 1/4.
Sep. soybean futures are 5 1/2¢ higher at $8.74 1/2. November soybean futures are 5 1/2¢ higher at $8.88 1/2.
Sep. wheat futures are 6 3/4¢ higher at $5.05 1/4.
December soymeal futures are $1.10 per short ton higher at $303.10.
December soy oil futures are $0.43 higher at 29.81¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.32 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 86 points lower.
Al Kluis, Kluis Advisors, says that investors will take today to prepare for the much anticipated USDA Report Monday.
“Although we had another week of disappointing export sales, US grain prices posted some solid gains. The weather forecast is on the drier side the next few weeks, but at least the temps will be tolerable. The dry weather is not exactly what the soybeans need. Expect choppy two-sided trade today as traders positions themselves ahead of the USDA crop production report (to be released 11:00 CST Monday August 12),” Kluis told customers in a daily note.
Mike
