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Veteran Contributor

Floor Talk December 22

At the close:

The March corn futures settled 3/4¢ higher at $3.52. May futures finished 1¢ higher at $3.60. Jan. soybean futures closed 3/4¢ higher at $9.49.  March soybean futures ended  1 1/4¢ higher at $9.60. March wheat futures closed 2 1/4¢ lower at $4.24. March soy meal futures ended $1.40 per short ton lower at $316.70. March soy oil futures are 0.11 higher at 32.94¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.04 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 55 points lower.

 

Mike

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At 11:12am:

If you missed it, the USDA announced fresh soybean sales Friday.

 

Private exporters reported to the U.S. Department of Agriculture export sales of 252,000 metric

 

tons of soybeans for delivery to China during the 2017/2018 marketing year.

 

The marketing year for soybeans began Sept. 1.

 

Mike

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With 1-hour To Trade:

At 11am, the March corn futures are 1¢ higher at $3.52. May futures are 1 1/4¢ higher at $3.60. Jan. soybean futures are 1¢ higher at $9.49.  March soybean futures are 1 1/4¢ higher at $9.60. March wheat futures are 2¢ lower at $4.25. March soy meal futures are $1.30 per short ton lower at $316.80. March soy oil futures are 0.11 higher at 32.94¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.14 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 48 points lower.

 

Mike

 

 

In early trading:

At 9:15am, the March corn futures are 1/4¢ higher at $3.51. May futures are 1/2¢ higher at $3.60. Jan. soybean futures are steady at $9.48.  March soybean futures are 1/2¢ higher at $9.59. March wheat futures are 1 3/4¢ higher at $4.28. March soy meal futures are $0.50 per short ton lower at $317.60. January soy oil futures are 0.05 higher at 32.88¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.30 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 14 points lower.

 

Mike

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Traders aren't stirring in Chicago as beans and grains are all little changed overnight on light volume despite the fact that export sales were strong last week. Corn, beans and wheat all moved less than a penny overnight, and volume isn't expected to pick up at all on the last day of trading before Christmas. Seems everybody's already jumped in the sleigh and are headed out to see friends and family. The USDA, however, delivered an early present as export sales for corn, wheat and beans all jumped week-to-week, good news for markets that desperately needed a boost. Hopefully that momentum can be carried into the new year. 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-22.

As we say in Texas, have a Merry Christmas y'all. Hopefully you'll wake up Monday morning with all the presents you wanted under your tree! 

 

Brent Crude Oil = down 0.6%.

West Texas Intermediate = down 0.7%.

Dollar = up 0.1%.

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

World Markets = Global stocks mixed overnight.

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