- Agriculture.com Community
- Announcements & Forum Help
- Farm Business
- Young & Beginning Farmers
- Cattle Talk
- Crop Talk
- Hog Talk
- Machinery Talk
- Machinery Marketplace
- Shops, buildings and bins
- Ask the SF Engineman!
- Precision Agriculture
- People & Rural Life
- Ag Forum
- Women In Ag
12-14-2018 08:12 AM - edited 12-14-2018 02:03 PM
At the close:
At the close, the March corn futures finished 1/2¢ higher at $3.84 3/4. May futures finished 1/2¢ higher at $3.92 1/4.
January soybean futures closed 6 1/2¢ lower at $9.00 1/2. March soybean futures ended 6 3/4¢ lower at $9.13 3/4.
March wheat futures finished 6¢ lower at $5.30.
January soymeal futures settled 1.20¢ per short ton lower at $307.30. January soy oil futures closed 0.34 lower at 28.49¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.68 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 500 points lower.
At the open:
In early trading, the March corn futures are 2 3/4¢ higher at $3.87. May futures are 2 1/2¢ higher at $3.94.
January soybean futures are 2¢ higher at $9.09. March soybean futures are 1 1/2¢ higher at $9.22.
March wheat futures are 1¢ higher at $5.37.
January soymeal futures are 0.70¢ per short ton higher at $309.20. January soy oil futures are 0.06 lower at 28.77¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.32 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 203 points lower.
Corn= Mixed to off a 1/2¢ per bushel.
Soybeans= 3/4 higher per bushel.
Wheat= 1¢ lower.
Crude oil= .01¢ lower
U.S. Dollar= Higher
Dow= Down 175 points
Big News Just Out
China buys more U.S. soybeans:
I don't know, you guys and gals tell me.
Private exporters reported to the U.S. Department of Agriculture the following activity:
--Export sales of 300,000 metric tons of soybeans for delivery to China during the 2018/2019 marketing year;
--Export sales of 130,000 metric tons of soybeans for delivery to unknown destinations during the 2018/2019 marketing year;
--Export sales of 125,000 metric tons of corn for delivery to Japan during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1.
12-14-2018 08:39 AM
It's all a very different narrative before the G20 meeting. Things could still be going the other way. Is it the answer, no, a bigger solution is needed with China. But, for every millions of bushels of soybeans that China buys, don't you think that that is a few million less soybeans that are going to rot sitting in bins waiting for a $10.00 market?
12-14-2018 12:49 PM
Soybeans will keep for a long time if they are dry and remain that way. And Jim, not everyone has a wife....or a banker.
I have both.........but there is a long time to market these soybeans.
The problem is, every rally will be met with wives and bankers emptying the bins.