cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Veteran Contributor

Floor Talk February 16

At the close:

At the close, the March corn futures finished 1/4¢ lower at $3.67 1/2. May futures finished 1/2¢ lower at $3.75. March soybean futures closed 2 3/4¢ lower at $10.21 1/2.  May soybean futures closed 2 1/2¢ lower at $10.32 1/2. March wheat futures finished 4¢ lower at $4.57 3/4. May soy meal futures ended $0.50 per short ton higher at $376.00. May soy oil futures are 0.17 lower at 31.73¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.44 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 34 points higher.

 

Mike

----------

At mid-session:

At mid-session, the March corn futures are 1/2¢ higher at $3.68. May futures are steady at $3.75. March soybean futures are 1/2¢ higher at $10.24.  May soybean futures are 1/2¢ higher at $10.35. March wheat futures are 3 3/4¢ lower at $4.58. May soy meal futures are $2.70 per short ton higher at $378.20. May soy oil futures are 0.17 lower at 31.73¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.41 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 172 points higher.

 

Mike

-----------

At 8:45am:

In early trading, the March corn futures are 1/4¢ higher at $3.67. May futures are 1/4¢ lower at $3.75. March soybean futures are 2¢ higher at $10.26.  May soybean futures are 2 1/2¢ higher at $10.37. March wheat futures are 4¢ lower at $4.57. May soy meal futures are $5.10 per short ton higher at $380.60. January soy oil futures are 0.14 lower at 31.56¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.07 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 38 points higher.

 

Mike

-----------

Soybeans and grains were little changed overnight, again, as investors look at mixed export sales and a dollar that fell to a three-year low then rebounded overnight. It's still dry in Argentina and the US southern Plains, so that's underpinning prices. Corn, beans and Chicago wheat were down less than a penny while Kansas City Wheat lost almost 2 cents. The export sales report showed corn sales were higher week-to-week but soybean and wheat sales were lower. In weather news, some snow is expected along the Illinois-Wiscy border over the weekend, but that likely will be followed by a lot of rain next week. Meanwhile, it's cold in North Dakota and still dry in the southern Plains. Check out all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-february-16.
 

Brent Crude Oil = up 0.5%.

West Texas Intermediate = up 0.2%.

Dollar = up 0.3%

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks higher overnight.

0 Kudos