Floor Talk December 18
Soybeans and grains were slightly higher overnight as the dollar weakened, giving traders some demand hopes. Whether it comes to fruition remains to be seen but at the very least it's something to talk about as we head into the last full week of trading for the year. Christmas is next week while New Year's is the following week, so traders are in full holiday mode. Beans were up about 2 cents, corn gained just under a penny and wheat added about 4 cents. Speculative investors aren't sharing in the optimism as they raised their bearish bets on corn and lowered their bullish bets on beans last week. Still, that actually may be a good thing for prices as some of those investors will probably end up buying back and squaring positions before Dec. 31, traders said. In weather news, it's fairly quiet with snow on the way in North Dakota and dense fog in several parts of the country this morning. Check out all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-december-18.
Brent Crude Oil = up 0.3%.
West Texas Intermediate = up 0.4%.
Dollar = down 0.3%.
Wall Street = U.S. stock futures higher in pre-market trading.
World Markets = Global stocks higher overnight.