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Veteran Advisor

Floor Talk December 17

At the close:

At the close, the March corn futures finished 4 1/2 cents lower at $3.74 1/4. January soybean futures finished 14 1/2 cents higher at $8.77. 
March wheat futures ended 1 cent higher at $4.91. 
Jan. soymeal futures ended $6.00 per short ton higher at $275.90. Jan. soyoil futures closed $0.30 lower at $30.07.  
In the outside markets, the Brent Crude oil market is $0.59 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 196 points lower.

 

 

Mike

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At mid-day:

At mid-day, the March corn futures are trading 3 1/2 cents lower at $3.66. January soybean futures are trading 2 1/2 cents higher at $8.65. 
March wheat futures are trading 7 1/4 cents lower at $4.76. 
Jan. soymeal futures are $2.20 per short ton higher at $272.10. Jan. soyoil futures are trading $0.52 lower at $29.85.  
In the outside markets, the Brent Crude oil market is $0.74 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 177 points lower.

 

Mike

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At 9am:

In early trading, the March corn futures are trading 3 cents lower at $3.66. January soybean futures are trading 7 cents lower at $8.55. 
March wheat futures are trading 8 cents lower at $4.75. 
March soymeal futures are $2.80 per short ton lower at $269.00. Jan. soyoil futures are trading $0.43 lower at $29.94.  
In the outside markets, the Brent Crude oil market is $0.07 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 14 points lower.

 

Mike

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At 8:15am:

A large, fresh soybean sale to China announced Thursday, according to the USDA.

 

Private exporters reported to the U.S. Department of Agriculture export sales of 424,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

The marketing year for soybeans began Sept. 1.

 

Mike

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USDA Released Weekly Export Sales Thursday:

Wheat= 320,200 mt vs. the trade's expectations of 250,000-450,000 metric tons,

Corn= 677,600 mt vs. the trade's expectations of 700,000-900,000 metric tons,

Soybeans= 1.043 mmt vs. the trade's expectations of 900,000-1,300,000 metric tons and

Soybean meal= 108,600mt. vs. the trade's expectations of 150,000-300,000 metric tons.

 

Mike

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At 8:05am:

Early calls: Corn 1-2 cents lower, soybeans 7-9 cents lower and wheat 4-6 cents lower.

 

Trackers:
Overnight grain, soybean markets = Trading lower.
Brent Crude Oil = $0.07 lower.
Dollar =Higher.  
Wall Street = Seen higher, with the Fed rate and data eyed.

World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.

 

 

 

More in a minute,

 

Mike

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3 Replies
Frequent Contributor

Re: Floor Talk December 17

Isn't funny that today like so many days before it is more advantageous for a government to buy dollars rather than corn.
They know the dollar will go higher and corn will go lower.
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Veteran Advisor

Re: Floor Talk December 17

Now help me out here...the story was that a certain country lowered its currency value and was going to
Sell huge amount of SOYBEANS.......yet wheat
Has went down 20 cents ........

OK I'm listening.
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Honored Advisor

Re: Floor Talk December 17

By the way Marketeye,  Corn was up today.......not down.

 

Is it a coincidence that with the markets higher today, we can't get a quote from Jack?   

 

Just asking for equal time here........on a sight that is supposedly promoting successful farming.  

 

As football great Chris Carter says......."COME ON MAN!"

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