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

Floor Talk January 20

At the close:

At the close, the March corn futures settled 3 1/2¢ higher at $3.69 3/4, and new crop December 2017 futures finished 2 1/4¢ higher at $3.95 3/4 per bushel. March soybean futures closed 2 3/4¢ lower at $10.67 1/2, while November 2017 soybean futures settled 1¢ lower at $10.28 3/4. March wheat futures ended 4 3/4¢ higher at $4.28 1/4. March soy meal futures finished $0.50 short ton higher at $348.70. March soy oil futures closed $0.29 lower at 35.15¢ per pound.  In the outside markets, the Brent crude oil market is $1.02 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 48 points higher.

 

Mike

----------

At mid-session:

At mid-session, the March corn futures are 3 1/4¢ higher at $3.69, and new crop December 2017 futures are 1 3/4¢ higher at $3.95 per bushel. March soybean futures are 1¢ lower at $10.69, while November 2017 soybean futures are 1/4¢ higher at $10.30. March wheat futures are 3 1/4¢ higher at $4.26 3/4. March soy meal futures are $1.30 short ton higher at $349.50. March soy oil futures are $0.26 lower at 35.18¢ per pound.  In the outside markets, the Brent crude oil market is $1.19 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 29 points higher.

 

Mike

----------

At 9am:

In early trading, the March corn futures are 1 3/4¢ higher at $3.68, and new crop December 2017 futures are 1¢ higher at $3.94 per bushel. March soybean futures are 4 1/2¢ lower at $10.65, while November 2017 soybean futures are 3 3/4¢ lower at $10.26. March wheat futures are 2 3/4¢ higher at $4.26. March soy meal futures are $0.80 short ton lower at $347.40. March soy oil futures are $0.13 lower at 35.31¢ per pound.  In the outside markets, the Brent crude oil market is $1.25 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 92 points higher.

 

Mike

------------

Soybeans were lower overnight as the dollar rose for the third straight day. Futures were down about 6 cents, while corn was off by less than a penny. Chicago wheat was barely changed but Kansas City wheat declined 3 cents. Ethanol production is turning out to be a bright spot as output rose to a record for the third consecutive week, according to the Energy Information Administration. Stockpiles also are higher, but not even close to record levels.      
 

Here's what happened overnight:

 

Brent Crude Oil = 1.4% higher.

West Texas Intermediate Crude Oil = 1.2% higher.

Dollar = up 0.3%.

Wall Street = U.S. stock futures little changed ahead of today's inauguration.

World Markets = Global stocks also little changed. 

0 Kudos
1 Reply
Highlighted
Honored Advisor

Re: Floor Talk January 20

Happy Inauguration Day to ALL Americans!

 

It would be a good day for the grain markets to be limit up.   Smiley Wink

0 Kudos