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marketeye
Veteran Advisor

Floor Talk January 15, 2021

At the close:

At the close, the March corn futures finished 2 3/4¢ lower at $5.31 1/2. May corn futures closed 3¢ lower at $5.34 3/4.

March soybean futures settled 13 3/4¢ lower at $14.16 3/4. May soybean futures finished 13¢ lower at $14.14 3/4.

March wheat futures closed 5 1/2¢ higher at $6.75 1/4.


March soymeal futures finished $1.70 short term lower at $463.20.


March soy oil futures closed 1.26 lower at 41.85¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.27 per barrel lower (-2.37%) at $52.30. The U.S. dollar is higher, and the Dow Jones Industrials are 107 points lower (-0.35%) at 30,884 points.

Mike

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At midsession:

At midsession, the March corn futures are 1 3/4¢ lower at $5.32. May corn futures are 1 3/4¢ lower at $5.36.

March soybean futures are 8¢ lower at $14.22. May soybean futures are 8 1/4¢ lower at $14.19 3/4.

March wheat futures are 2 3/4¢ lower at $6.67 1/4.

March soymeal futures are $0.30 short term higher at $465.20.


March soy oil futures are 1.12 lower at 41.99¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.19 per barrel lower (-2.22%) at $52.38. The U.S. dollar is higher, and the Dow Jones Industrials are 133 points lower (-0.43%) at 30,857 points.

Mike

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At 8:45am:

 

Wheat takes the lead Friday.

 

Mike

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3 Replies
roarintiger1
Honored Advisor

Re: Floor Talk January 15, 2021

So....is profit taking before the three day weekend showing up today?     It should be an interesting session on Monday night. 

So Mike,  any market news on the next resistance levels in corn and soybeans?   I'm just guessing that there is still a lot of air between support and resistance.  Anyone else have thoughts on this?

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marketeye
Veteran Advisor

Re: Floor Talk January 15, 2021

$14.56 on the beans.

 

Mike

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wrightcattle
Veteran Advisor

Re: Floor Talk January 15, 2021


@marketeye wrote:

$14.56 on the beans.

 

Mike


 

Gobal drought.  

Both North and south hemispheres .

Looks like 3 years of toughie conditions..

Could make $19 beans seem cheap. 

 

 

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