Floor Talk - December 15
At the close:
March corn futures are trading 1 cent higher at $4.08 1/2 per bushel.
January soybean futures are trading 7 3/4 cents lower at $10.39 1/2.
March wheat futures are trading 12 1/2 cents higher to $6.19.
In the outside markets, the crude oil is $2.06 per barrel lower to $55.75, the dollar is lower, and the Dow Jones Industrials are 45 points lower to 17,235.
March corn futures are trading 1 3/4 cents higher at $4.09 1/4 per bushel.
January soybean futures are trading 5 3/4 cents lower at $10.41 1/2.
March wheat futures are trading 14 3/4 cents higher to $6.21 1/4.
At the open:
The March corn futures are trading 1 cent lower at $4.06 1/2 per bushel.
January soybean futures are trading 3 1/2 cents lower at $10.43 3/4.
March wheat futures are trading 3 1/2 cents lower to $6.03.
In the outside markets, the crude oil is $0.06 per barrel lower to $57.75, the dollar is higher, and the Dow Jones Industrials are 112 points higher to 17,393.
“Corn bulls seem to be seeing positive headlines from many directions, which is not only helping the money flow to the upside but also improving the technical outlook significantly,” writes Mark Bowman, market analyst for The Hightower Report. “There's talk that Ukraine is having issues with supplying their full sales commitment to China, which coincidently has come at the same time that officials from the US and Syngenta expect approval of the banned GMO corn trait within China very soon.”
At 7:50 am:
Early calls: Corn is 0-2 cents higher, soybeans 0-2 cents lower and wheat is seen 0-2 cents lower.
Overnight grain, soybean markets = Trading relatively unchanged.
Crude Oil = $0.16 lower per barrel to $57.97.
Dollar = Lower
Wall Street = Trading lower. Dow is down 315 points to 17,280.
World Markets = Europe stocks are mostly higher, Asia/Pacific stocks are mostly lower.