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Veteran Advisor

Floor Talk, December 2, 2019

At the close:

 

At the close, the March corn futures settled 3/4¢ higher at $3.82. May corn futures ended 3/4¢ higher at $3.86 1/4.

Jan. soybean futures finished 6 1/2¢ lower at $8.70 3/4. March soybean futures closed 6¢ lower at $8.85 1/4.

March wheat futures ended 6 1/4¢ lower at $5.35 1/2.



January soymeal futures closed $0.40 per short ton higher at $293.50.

 January soy oil futures finished 0.42 cents lower at 30.16¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.80 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 176 points lower.

Mike

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At midsession:

At midsession, the March corn futures are 3/4¢ higher at $3.82. May corn futures are 1¢ higher at $3.86 1/4.

Jan. soybean futures are 5 1/2¢ lower at $8.71 3/4. March soybean futures are 5¢ lower at $8.86 1/4.

March wheat futures are 5 1/4¢ lower at $5.36 1/2.



January soymeal futures are $0.90 per short ton higher at $294.00.

 January soy oil futures are 0.38 cents lower at 30.20¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.91 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 197 points lower.

 

Mike

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At 8:45am:

 

In early trading, the March corn futures are 3/4¢ higher at $3.28. May corn futures are 1/2¢ higher at $3.86 1/4.

Jan. soybean futures are 3¢ higher at $8.79 3/4. March soybean futures are 3¢ higher at $8.94 1/4.

March wheat futures are 1 1/4¢ higher at $5.43.



January soymeal futures are $0.30 per short ton higher at $293.40.

 January soy oil futures are 0.10 cents higher at 30.68¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.16 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 39 points higher.

What say you?

 

Mike

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4 Replies
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Senior Contributor

Re: Floor Talk, December 2, 2019

Fake news if farm income is so much better according to your top story this am why are bankruptcies skyrocketing mergers going on right and left and you can go to 2 or 3 farm sales everyday of the week lets get the facts straight.

Veteran Contributor

Re: Floor Talk, December 2, 2019

Wow  Chuck Abbott you are full of s$$t.

Honored Advisor

Re: Floor Talk, December 2, 2019

I don`t like to see bankruptcies, however as high on the hog as everyone was on after the $7 corn i`m surprised it isn`t epidemic at this point.  The extravagant lifestyles, new paint, land rents kind of got out of hand you can`t spend yourself rich.... I know, I have the battle scars.  But I`ve never bought a new vehicle or piece of equipment, with the exception of pallet forks for my skidloader, a whole $800 for this "big spender".  Smiley Happy

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Senior Contributor

Re: Floor Talk, December 2, 2019

Come on man quit blaming 7.00 corn maybe look at health care costs lawsuits taxes on real estate labor costs fuel costs less competition on the retail side of ag aka mergers goes way deeper than 7 dollar corn don’t forget ethanol policy could go on but I think you should get it 

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