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marketeye
Veteran Advisor

Floor Talk, December 13, 2019

At the close:

At the close, the March corn futures closed 3 1/4¢ higher at $3.81. May corn futures ended 3 3/4¢ higher at $3.88.

Jan. soybean futures are 9 1/4¢ higher at $9.07 1/2. March soybean futures closed 9¢ higher at $9.21 1/2.

March wheat futures finished 2 1/4¢ higher at $5.32 1/2.



January soymeal futures closed $2.70 per short ton higher at $296.90.

 January soy oil futures settled 0.37 cents higher at 32.60¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.83 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 3 points lower.

Mike

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At midsession:

At midsession, the March corn futures are unchanged at $3.77 3/4. May corn futures are 1/2¢ higher at $3.84 1/4.

Jan. soybean futures are 4 1/4¢ higher at $9.02. March soybean futures are 4 1/4¢ higher at $9.16.

March wheat futures are 4¢ lower at $5.26 1/2.



January soymeal futures are $0.70 per short ton higher at $294.90.

 January soy oil futures are 0.28 cents higher at 32.51¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.80 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 10 points lower.

 

Mike

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At 8:50am:

In early trading, the March corn futures are 3 1/4¢ higher at $3.81. May corn futures are 3 1/4¢ higher at $3.87 1/4.

Jan. soybean futures are 9¢ higher at $9.07 3/4. March soybean futures are 9¢ higher at $9.21 1/4.

March wheat futures are 1 1/2¢ higher at $5.31 1/2.



January soymeal futures are $2.00 per short ton lower at $296.20.

 January soy oil futures are 0.16 cents higher at 32.39¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.22 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 16 points lower.

Al Kluis, Kluis Advisors, says that the market is digesting the trade news.

“Strong weekly exports for all three grains--plus the Mexican purchases of a large amount of corn--finally helped push grain prices higher. We also got confirmation that phase 1 of the U.S./China trade deal has been approved by both sides and signed by President Trump, ” Kluis stated in a daily note to customers.

Kluis added, “We had a very strong week of export sales and a China trade deal agreed on in principle. Now will we finally see the corn and soybeans exports pick up even more momentum.”

 

Mike

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3 Replies
k-289
Senior Advisor

Re: Floor Talk, December 13, 2019

Who  ever  thought  we  would  have  e  re-visit  of  the  60's  game  show  '''  Truth   or  Consequences '''  aka  marketing   2019 - -  -

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samalan1140
Veteran Contributor

Re: Floor Talk, December 13, 2019

Wonder how long the traders and usda will fight to keep these prices down.

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samalan1140
Veteran Contributor

Re: Floor Talk, December 13, 2019

Bahaha told ya just no way you idiots were gonna let there be much of a rally.

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