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Veteran Contributor

Floor Talk December 30

At the close of 2016:

At the close, the March corn futures settled 2 1/4¢ higher at $3.52, and new crop December 2017 finished 3/4¢ higher at $3.80 per bushel. March soybean futures ended 8 3/4¢ lower at $10.04, while November 2017 soybean futures finished 4 1/4¢ lower at $9.89 1/4. March wheat futures closed 3 1/4¢ higher at $4.08. March soy meal futures closed $2.40 short ton lower at $316.60. March soy oil futures closed $0.13 lower at 34.66¢ per pound.  In the outside markets, the Brent crude oil market is $0.15 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 62 points lower at 19,765 points.

 

Mike

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At 10:50am:

Did you see the USDA Weekly Export Sales released Friday? Here are the numbers:

 

Wheat =  582,500 metric tons vs. the trade’s expectations of 250,000-500,000 metric tons.

Corn= 1.004 million mt vs. the trade’s expectations of 800,000-1,200,000 metric tons,.

Soybeans= 979,200 vs. the trade’s expectations of between 800,000-1,500,000 mt.

Soybean meal= 296,400 mt vs. the trade’s expectations of 100,000-250,000 metric tons.  

 

What say you?

 

Mike

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At 9:10am:

In early trading, the March corn futures are 2 3/4¢ higher at $3.52 1/2, and new crop December 2017 futures are 2 1/2¢ higher at $3.81 per bushel. March soybean futures are 5 3/4¢ lower at $10.07, while November 2017 soybean futures are 3 3/4¢ lower at $9.89 3/4. March wheat futures are 4¢ higher at $4.08 3/4. March soy meal futures are $3.80 short ton lower at $315.20. March soy oil futures are $0.04 higher at 34.83¢ per pound.  In the outside markets, the Brent crude oil market is $0.12 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 29 points lower at 19,793 points.

 

 

Mike

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Soybeans, corn and wheat were all little changed overnight as investors on LaSalle Street are probably already celebrating the end of 2016. Corn was down about a penny, beans were up less than a cent and wheat was down about 1.5 cents in overnight trading. The Energy Information Administration said yesterday that ethanol production and stockpiles both fell for a second straight week, but it looks like output will be another record this year. Have a safe and Happy New Year out there and remember to let someone else do the driving! As my father used to joke ... `See ya next year!' 

 

Here's what happened overnight:

 

Brent Crude Oil = 0.2% lower.

West Texas Intermediate Crude Oil = 0.3% lower.

Dollar = down 0.5%.

Wall Street = U.S. stock futures higher in overnight trading.
World Markets = Global stocks down slightly, following oil prices. 

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2 Replies
Honored Advisor

Re: Floor Talk December 30

Happy New Year Tony and to everyone else that looks after this website.   

 

Hopefully, 2017 will be less dramatic, politically, socially, & financially.

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Veteran Advisor

Re: Floor Talk December 30

roarintiger1,

 

Happy New Year to you too. Let's make it a great year, what do you say?

 

Mike

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