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Veteran Contributor

Floor Talk December 2

At the close:

At the close, the December corn futures finished 5 3/4¢ higher at $3.37 1/2, while March futures settled 4 3/4¢ higher at $3.47 1/4 per bushel. January soybean futures finished 2 1/4¢ lower at $10.27 1/2, while March soybean futures settled 1 3/4¢ lower at $10.37 1/4. March wheat futures closed 8 3/4¢ higher at $4.04 1/4. January soy meal futures closed $0.20 short ton lower at $312.50. January soy oil futures closed $0.13 lower at 37.99¢ per pound.  In the outside markets, the Brent crude oil market is $0.61 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 32 points lower.

 

Mike

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At mid-session:

At mid-session, the December corn futures are 3 1/4¢ higher at $3.35, while March futures are 2 1/2¢ higher at $3.45 per bushel. January soybean futures are 3¢ higher at $10.32, while March soybean futures are 3 1/4¢ higher at $10.42. March wheat futures are 5¢ higher at $4.00. January soy meal futures are $2.30 short ton higher at $315.00. January soy oil futures are $0.60 lower at 37.79¢ per pound.  In the outside markets, the Brent crude oil market is $0.33 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 7 points lower.

 

Mike

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At 9am:

In early trading, the December corn futures are 2 3/4¢ higher at $3.34, while March futures are 2 3/4¢ higher at $3.45 per bushel. January soybean futures are 6 1/4¢ higher at $10.36, while March soybean futures are 6 1/4¢ higher at $10.45. March wheat futures are 4 1/2¢ higher at $4.00. January soy meal futures are $4.80 short ton higher at $317.50. January soy oil futures are $0.34 lower at 37.51¢ per pound.  In the outside markets, the Brent crude oil market is $0.26 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 20 points lower.

 

Mike

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Good morning Marketing Talkers. Did you miss me? That's what I thought. Well I'm back after a week, and didn't take Friday off. What was I thinking? Anyway, grains and beans were a little higher overnight with corn up just over 2 cents, beans up a penny and wheat leading the way, up about 4 cents. Export sales yesterday were down week-over-week but were still decent relative to a year earlier. 
 

Here's what happened overnight:

 

Brent Crude Oil = 1.2% lower. 
West Texas Intermediate Crude Oil = 0.9% lower.

Dollar = down 0.2%.

Wall Street = U.S. stock futures modestly lower in overnight trading.
World Markets = Global stocks lower as investors await US payroll numbers. 

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