Floor Talk December 8
At the close:
The March corn futures settled 4 3/4 cents lower at $3.90 1/4 per bushel.
January soybean futures finished 7 3/4 cents higher at $10.43.
March wheat futures ended 4 cents higher to $5.98. The January soybean meal futures closed $3.70 per short ton higher at $370.10. January soyoil futures closed $0.23 lower at $31.85.
In the outside markets, the crude oil market is lower by $2.87, the U.S. Dollar is lower and the Dow Jones Industrials are 89 cents lower.
The March corn futures are trading 3/4 of a cent lowr at $3.94 1/4 per bushel.
January soybean futures are trading 7 cents higher at $10.43.
March wheat futures are trading 7 1/2 cents higher to $6.01. The January soybean meal futures are trading $3.40 per short ton higher at $369.80. January soyoil futures are trading $0.11 lower at $31.97.
In the outside markets, the crude oil market is lower by $2.57, the U.S. Dollar is lower and the Dow Jones Industrials are 57 cents lower.
At the open:
The March corn futures are trading 1 1/4 cents higher at $3.96 per bushel.
January soybean futures are trading 4 cents lower at $10.32.
March wheat futures are trading 1 cent lower to $5.93.
In the outside markets, the crude oil market is lower by $1.94, the U.S. Dollar is higher and the Dow Jones Industrials are 33 cents lower.
On Monday, private exporters reported to the U.S. Department of Agriculture the following activity:
- Export sales of 136,000 metric tons of corn for delivery to Japan during the 2014/2015 marketing year; and
- Export sales of 130,000 metric tons of soybeans for delivery to Spain during the 2014/2015 marketing year.
The marketing year for corn and soybeans began Sept. 1.
At 7:25 am:
Early calls: Corn is 1-2 cents higher, soybeans 2-4 cents lower and wheat 2-4 cents lower.
Overnight grain, soybean markets = Trading mostly lower.
Crude Oil = $1.98 lower per barrel.
Dollar = Higher
Wall Street = Lower with lower data from Asia in focus.
World Markets = Europe stocks were mostly higher, Asia/Pacific stocks were higher.
More in a minute,
Re: Floor Talk December 8
An update about Brazil from my own agrosouth-news.com :
Brazil has sold nearly 26 percent of what it expects to have as an output of soybean during the 2014/2015, according to numbers revealed today by consultancy AgRural. The consultancy says that the highs in Chicago have influenced the sales in the first week of November and the trade was also supported by the devaluation of the Real against the U.S. dollar. Compared to the five previous years, the sales are delayed against an average of 39 percent of the crop at this week. AgRural also assesses that soybeans will have the biggest price decline in one decade. The Brazilian output is forecast at 94.9 million tons.
What do you guys think on that assessment in bold?
Re: If the weather works for em,
then they might be close.
If NOT ( which i do not expect a good crop year for br at all )......they'll end up buying usa beans to fill some of those orders.
could be a WOW price edu coming for the sa club this round. MO