Floor Talk February 3, 2021

[marketeye]

At midsession:

At midsession, the March corn futures are unchanged at $5.43. May corn futures are 1/2¢ lower at $5.41 3/4. New crop December corn futures are 1/4¢ higher at $4.47 1/4.

March soybean futures are 8 1/4¢ higher at $13.63 1/4. May soybean futures are 8 3/4¢ higher at $13.59 1/2. New crop November futures are 1 1/4¢ higher at $11.51 1/2.

March wheat futures are 7¢ lower at $6.37.


March soymeal futures are $4.70 short term higher at $432.70.


March soy oil futures are 0.13 lower at 44.19¢ per pound.

In the outside markets, the NYMEX crude oil market is $1.43 per barrel higher (+2.61%) at $56.19. The U.S. dollar is higher, and the Dow Jones Industrials are 20 points higher (+0.07%) at 30,708 points.

Mike

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At 8:45am:

Ag markets shave off more of recent gains Wednesday.

Mike

[cborman11]

So massive exports across the board traders ignore it,Brazil crop will be smaller traders ignore it,trouble in the ports traders ignore it. Can I get paid not to to my job and have my head up my ***** or is that just strictly for the traders?

[lsc76cat]

Thanks cb - you're a ray of sunshine🙂🙂

Gonna need that warmth as we dive below zero for the first time this winter.  Guess they couldn't keep it in Siberia any longer.

[lsc76cat]

Basis starting to improve locally.  Picked up 7 cents on corn and 5 on beans.  More warm fuzziness.

[cborman11]

Well just stating facts can't be happy every day.

[Hobbyfarmer]

https://us11.campaign-archive.com/?u=8d3c6770418c4ea65287a7768&id=fdfaac32b1

[sw363535]

That is really a nice report hobby!