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Veteran Contributor

Floor Talk January 14

At the close:

At the close, the March corn futures finished unchanged at $3.58. March soybean futures closed 2 1/4 cents higher at $8.82. 
March wheat futures ended 9 1/4 cents lower at $4.68 3/4. March soymeal futures settled $1.30 per short ton lower at $274.20. March soyoil futures closed $0.28 higher at $29.82.  
In the outside markets, the Brent Crude oil market is $0.99 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 269 higher.

 

Mike

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At 9am:

If you missed it, the USDA announced a fresh corn sale. On Thursday, private exporters reported to the U.S. Department of Agriculture export sales of 102,100 metric tons of corn for delivery to Mexico during the 2015/2016 marketing year.

The marketing year for corn began Sept. 1.

 

Mike

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In early trading:

At 8:45am, the March corn futures are trading 2 cents lower at $3.56. March soybean futures are 1/4 of a cent lower at $8.79. 
March wheat futures are trading 6 1/2 cents lower at $4.71. March soymeal futures are $0.10 per short ton lower at $275.40. March soyoil futures are trading $0.05 higher at $29.59.  
In the outside markets, the Brent Crude oil market is $0.33 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 4 higher.

 

Mike

 

Good morning. Export sales report is due out today, and it's not expected to be spectacular. 

At 6:15am:


Early calls:

Corn 1-2 cents lower, soybeans 2-4 cents lower and wheat 2-5 cents lower.

 

Trackers:

Overnight grain and soybean markets are trading lower. 


Brent Crude Oil = $0.21 higher.

West Texas Intermediate Crude Oil = $0.28 higher.

Dollar = Down 0.3%.  

Wall Street = Little changed in pre-market trading as Europe, Asia stocks declining.

World Markets = Europe stocks lower, Asia/Pacific stocks give up gains.

3 Replies
Veteran Advisor

Re: Floor Talk January 14

why not?

0 Kudos
Frequent Contributor

Re: Floor Talk January 14

If I read the summary correctly, wheat sales were 274,700, corn sales were 669,200, and soybean sales were 1,127,400 metric tons.  Wheat and soybeans in the midrange of expectations and corn slightly above the high estimate.  May not be "spectactular", but don't see how these are bad.  Would always like to see more (esp wheat and corn).

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Honored Advisor

Re: Floor Talk January 14

Tony got my kudo because that was a lot of information without the free advertising for some commodity trading group  --- just data...

 

But your right he almost slipped on that first banana......

 

Nate, thanks for catching the data that got dropped in the process..

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