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Tony_Dreibus
Veteran Contributor

Floor Talk December 20

At the close:

At the close, the March corn futures settled 1 3/4¢ higher at $3.49. May futures finished 1 3/4¢ higher at $3.57 1/2. Jan. soybean futures finished 2¢ lower at $9.54.  March soybean futures closed 2 1/4¢ lower at $9.64 1/2. March wheat futures ended 4¢ higher at $4.23. January soy meal futures finished $0.50 per short ton higher at $315.70. January soy oil futures closed 0.26 lower at 33.13¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.52 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 17 points lower.

 

Mike

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At mid-session:

At mid-session, the March corn futures are 2¢ higher at $3.49. May futures are 2 1/4¢ higher at $3.58. Jan. soybean futures are 1/2¢ higher at $9.56.  March soybean futures are 1/2¢ higher at $9.67. March wheat futures are 4 1/4¢ higher at $4.23. January soy meal futures are $1.10 per short ton higher at $316.30. January soy oil futures are 0.12 lower at 33.27¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.36 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 14 points higher.

 

Mike

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At 9am:

At 9am, the March corn futures are 3/4¢ higher at $3.48. May futures are 1¢ higher at $3.56. Jan. soybean futures are 1¢ higher at $9.57.  March soybean futures are 1¢ higher at $9.67. March wheat futures are 1 3/4¢ lower at $4.17. January soy meal futures are $0.10 per short ton lower at $315.10. January soy oil futures are 0.17 higher at 33.39¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.24 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 9 points higher.

 

Mike

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Beans and grains were little changed overnight as the last full week in three moves on. Rainfall in South America is keeping a lid on prices. Some extreme cold weather is moving into the southern Plains, but forecasts are saying the weather may not be as bad as originally expected. Still, the risk of winterkill is real. Corn moved less than a cent, beans were up 2 cents while wheat lost a penny. Some demand news moved to the fore as the USDA in the past two days announced purchases of soybeans by China and unnamed buyers. Add that to some news last week, and there's a reason to be optimistic about export sales for the first time in a while. In weather news, it's going to be cold and snowy in the northern Plains -- pretty standard this time of year -- and cold and dry in the southern Plains. See all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-december-20. 

 

Brent Crude Oil = up 0.1%.

West Texas Intermediate = up 0.4%.

Dollar = unchanged.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks higher overnight.

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