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.
