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Veteran Contributor

Floor Talk December 16

Soybeans were 3 cents higher and corn was up about a penny in overnight trading after a strong export sales report yesterday. Soybean exporters sold 2 million tons in the week through Dec. 8, up 44% week-to-week, and corn sales totaled 1.5 million tons, up 1%. Overseas buyers have been jumping on U.S. corn and beans thanks to the low prices. They know they're getting a good value. China even bought some soybeans for delivery in the 2017-2018 marketing year that doesn't start for more than nine months. 
 

Here's what happened overnight:

 

Brent Crude Oil = 0.9% higher.

West Texas Intermediate Crude Oil = 0.5% higher.

Dollar = down 0.2%.

Wall Street = U.S. stock futures higher in overnight trading.
World Markets = Global stocks higher, following oil prices. 

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Honored Advisor

Re: Floor Talk December 16

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Honored Advisor

Re: Floor Talk December 16

A breath of fresh air to a drowning industry..

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