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Veteran Contributor
Posts: 534
Registered: ‎09-09-2014
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Floor Talk February 10

[ Edited ]

At the close:

At the close, the March corn futures settled 5¢ higher at $3.74 1/2, and new crop December 2017 futures closed 3 1/2¢ higher at $3.99 1/4 per bushel. March soybean futures finished 8 1/2¢ higher at $10.59, while November 2017 soybean futures closed 4¢ higher at $10.30. March wheat futures settled 5 1/2¢ higher at $4.49. March soy meal futures settled $3.70 short ton higher at $342.10. March soy oil futures ended $0.06 lower at 34.61¢ per pound.  In the outside markets, the Brent crude oil market is $0.90 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 107 points higher.

 

Mike

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At mid-session:

At mid-session, the March corn futures are 4 3/4¢ higher at $3.74 1/4, and new crop December 2017 futures are 3¢ higher at $3.98 per bushel. March soybean futures are 7 1/2¢ higher at $10.58, while November 2017 soybean futures are 2 3/4¢ higher at $10.28. March wheat futures are 5 3/4¢ higher at $4.49. March soy meal futures are $3.50 short ton higher at $341.90. March soy oil futures are $0.11 lower at 34.56¢ per pound.  In the outside markets, the Brent crude oil market is $1.01 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 92 points higher.

 

Mike

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At 9am:

In early trading, the March corn futures are 3¢ higher at $3.72, and new crop December 2017 futures are 2 1/2¢ higher at $3.98 per bushel. March soybean futures are 11¢ higher at $10.61, while November 2017 soybean futures are 5 1/2¢ higher at $10.31. March wheat futures are 1 3/4¢ higher at $4.45. March soy meal futures are $4.90 short ton higher at $343.30. March soy oil futures are $0.08 higher at 34.75¢ per pound.  In the outside markets, the Brent crude oil market is $0.87 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 63 points higher.

 

Mike

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Soybeans were higher in overnight trading while grains were little changed. Beans added a nickel while corn and wheat changed less than a penny. Soybeans have seen good demand recently, and the Rosario Grain Exchange earlier this week lowered its outlook for Argentine production to lower than USDA's forecast. The market is soaking up any good news it can find recently and is looking to finish the week strong. Weather-wise, it's warm and dry in the southern Plains and southern Midwest where fire bans are in effect. The extremely dry conditions are ripe for quickly spreading wildfires. 


Here's what happened overnight:

 

Brent Crude Oil = 1.4% higher.

West Texas Intermediate Crude Oil = 1.3% higher.

Dollar = up 0.2%.

Wall Street = U.S. stock futures higher in pre-market trading on Trump tax news.

World Markets = Global stocks mixed. 

Veteran Contributor
Posts: 109
Registered: ‎07-07-2010
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Re: Floor Talk February 10

Tony, are you guys not sending text massages morning, noon and at close anymore or do I have something messed up?
Veteran Advisor
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Registered: ‎10-18-2016
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Re: Floor Talk February 10

I haven't gotten those text messages for years, but liked them so if they are still being put out I'd like to get back on the list.  I do get texts from Katsgrain in Washington, IA and like them a lot.

Honored Advisor
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Registered: ‎07-18-2011
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Re: Floor Talk February 10

I agree as well  

Veteran Contributor
Posts: 109
Registered: ‎07-07-2010
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Re: Floor Talk February 10

The last one I got was 1/30/17 before that you could set your watch by it
Veteran Contributor
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Registered: ‎09-09-2014
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Re: Floor Talk February 10

Interesting ... let me look into this. I'll ask Mike when he gets in this morning.