Floor Talk - December 11
At the close:
The March corn futures are trading 4 3/4 cents higher at $3.98 1/2 per bushel.
January soybean futures are trading 10 1/4 cents higher at $10.42 1/4.
March wheat futures are trading 15 3/4 cents higher to $5.97 1/2.
Corn - 962,800 MT, Japan booked 595,600 MT
Soybeans - 810,300 MT, Spain bought more than China
Wheat - 525,500 MT, Japan largest buyer of old crop, Guatemala for new crop
USDA Ending Stocks
Corn - 1.998 bbu
Soybeans - 410 mbu
Wheat - 654 mbu
At the open:
The March corn futures are trading 1/2 of a cent higher at $3.94 1/4 per bushel.
January soybean futures are trading 3 1/2 cents lower at $10.28 1/2.
March wheat futures are trading 6 1/4 cents lower to $5.75 1/2.
U.S. stocks opened on a positive note, driven by good retail sales. In the outside markets, the crude oil is $0.51 per barrel lower to $60.43, the dollar is higher, and the Dow Jones Industrials are 86 points higher to 17,619.
At 7:30 am:
Early calls: Corn is 1-3 cents higher, soybeans 3-5 cents higher and wheat is seen 3-6 cents lower.
Overnight grain, soybean markets = Trading mostly higher.
Crude Oil = $.44 lower per barrel to $60.50.
Dollar = Higher
Wall Street = Trading higher. Dow is up 25 points to 17,567.
World Markets = Europe stocks are lower, Asia/Pacific stocks are lower.
Re: Floor Talk - December 11
PNW what jumped and Japan would be the reason. We don't have the usual supplies of SWW. It will get tight and so far this fall's seedings are still in the woods.