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Floor Talk, December 21, 2018

[ Edited ]

At the close, the March corn futures finished 3 1/4¢ higher at $3.78 1/2. May futures ended 3 1/4¢ higher at $3.86 3/4.

January soybean futures closed 8 3/4¢ lower at $8.84. March soybean futures ended 8 1/2¢ lower at $8.97.

March wheat futures finished 9 1/2¢ lower at $5.14.

January soymeal futures closed 1.90¢ per short ton lower at $310.10.

January soy oil futures finished 0.31 lower at 28.17¢ per pound.

In the outside markets, the NYMEX crude oil market is $0.28 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 246 points lower.

 

Mike

--------

 

At midsession:

 

At midsession, the March corn futures are 2 3/4¢ higher at $3.78. May futures are 2 3/4¢ higher at $3.85 3/4.

January soybean futures are 8 3/4¢ lower at $8.84. March soybean futures 8 1/2¢ lower at $8.97.


 

March wheat futures 8¢ lower at $5.15.



 

January soymeal futures are 0.80¢ per short ton lower at $311.20.

January soy oil futures are 0.39 lower at 28.09¢ per pound.



 

In the outside markets, the NYMEX crude oil market is $0.11 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 10 points higher.

 

Mike

------------

At 9am:

 

In early trading, the March corn futures are 1/2¢ higher at $3.75 3/4. May futures are 3/4¢ higher at $3.83.

January soybean futures are 2 1/2¢ lower at $8.91. March soybean futures 2 1/2¢ lower at $9.03 3/4.


 

March wheat futures 9 3/4¢ lower at $5.13 3/4.



 

January soymeal futures are 0.20¢ per short ton lower at $311.80.

January soy oil futures are 0.19 lower at 28.29¢ per pound.

 



In the outside markets, the NYMEX crude oil market is $0.27 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 90 points higher.

 

On Friday, private exporters reported to the U.S. Department of Agriculture the following activity:
--Export sales of 222,504 metric tons of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
--Export sales of 115,500 metric tons of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1.

 

 

Mike

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At 8:14am:

 

Overnight:

 

Corn= Up 1¢.

Soybeans= 3/4¢ lower per bushel.

Wheat= 6¢ lower.

 

Outside Markets:

 

Crude oil= 0.47¢ lower

U.S. Dollar= Higher

Dow= Down 16 points

 

Big News:

What do you know?

 

On Friday, private exporters reported to the U.S. Department of Agriculture the following activity:
--Export sales of 222,504 metric tons of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
--Export sales of 115,500 metric tons of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1.

 

Mike

 

Senior Contributor
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Re: Floor Talk, December 21, 2018

Only news more Exports lower prices go figure.
Advisor
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Re: Floor Talk, December 21, 2018

illinifarmer,

 

Have you sold any of your old crop soybeans yet? And are you still sitting on all of your new crop? Or, have you found some points along the way to market a little.

 

It's really none of my business, I know that. Just thought, I would start a conversation on here about somebody doing something.

 

Thanks,

Mike

Honored Advisor
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Re: Floor Talk, December 21, 2018

All politics All the time...... US Publishing....... comrads at work

Senior Contributor
Posts: 449
Registered: ‎08-02-2012

Re: Floor Talk, December 21, 2018

I sell throughout the year, mainly in the summer months if I have any available. Harvest is big bill months for new crop fertilizer,seed, rent for the following year. Lately with just trying to pay operations and loans to stay afloat. I’m a chart guy in a way, so I guess I follow what the price trend is. Example, this year was 25% sold pre-harvest. Still crops up over here, however I’m 80% sold now. Lots of debt piling up. Still have offers in for 4$ from two years ago never picked up due to continued rising basis at the local elevators. Meaning my end at 4$ corn. Without another bridge loan, i’m under operating cost for next year inevitably.
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Veteran Advisor
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Registered: ‎05-13-2010
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Re: Floor Talk, December 21, 2018

Dow    tanking   -    politics   -    what   a  week  -   -   - 

Veteran Advisor
Posts: 4,524
Registered: ‎05-13-2010

Re: Floor Talk, December 21, 2018

Forgot    - UN- know'n   destinations  -   IS   THAT   LONG  HAND   for  -  who knows where  ?   or  if,  might ,  maybe  ?