Floor Talk December 28, 2020
At the close:
At the close, the March corn futures settled 5 1/2¢ higher at $4.56 1/2. May corn futures closed 5 1/4¢ higher at $4.57.
January soybean futures settled 8 1/4¢ lower at $12.55 1/4. March soybean futures closed 7 1/4¢ lower at $12.57 1/4.
March wheat futures closed 12 3/4¢ lower at $6.14 1/4.
March soymeal futures settled $1.40 short term lower at $412.70.
March soy oil futures finished 0.08 of a cent lower at 41.05¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.55 per barrel lower (-1.14%) at $47.68. The U.S. dollar is lower, and the Dow Jones Industrials are 204 points higher (+0.68%) 30,403 points.
At midsession, the March corn futures are 3¢ higher at $4.54. May corn futures are 3¢ higher at $4.54.
January soybean futures are 6 3/4¢ lower at $12.56 1/4. March soybean futures are 6¢ lower at $12.58.
March wheat futures are 14¢ lower at $6.13.
March soymeal futures are unchanged at $414.10.
March soy oil futures are 0.03 of a cent lower at 41.10¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.07 per barrel higher (+0.15%) at $48.30. The U.S. dollar is lower, and the Dow Jones Industrials are 200 points higher (+0.66%) 30,400 points.
Monday's market story is here.
Re: "Jan soybean futures are.. lower .. @ 12.55", think about that for a minute, gentlemen
Before midnight last evening beans were well over 12.70 at +13 to 16 ----- then settled back to +10 for a long time.... at 11:45pm there were nearly 20,000 trades in beans, but then when the owners of cattle standing in feedlots know that there hasnt been a truck load of grain or protein enter the yard in a long holiday weekend and can't sleep so they buy some grain on the board, But in the mornings when the trucks start showing up that demand dries up until after dinner.....
Yust my simple Feed Yard theory of overnight grain trade on a long weekend.
Does everything from NY need to be condescending ?