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

Floor Talk January 23

At the close:

At the close, the March corn futures finished 3/4¢ lower at $3.51 1/4. May futures ended 3/4¢ lower at $3.59 3/4. March soybean futures settled 2¢ higher at $9.86 1/4.  May soybean futures settled 2¢ higher at $9.97 3/4. March wheat futures closed 4 1/4¢ lower at $4.21 1/2. March soy meal futures are $1.00 per short ton lower at $339.60. January soy oil futures finished 0.36 higher at 32.52¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.88 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 18 points lower.

 

Mike

----------

At mid-session:

At mid-session, the March corn futures are 1¢ lower at $3.50. May futures are 1 3/4¢ lower at $3.58. March soybean futures are 1/4¢ higher at $9.84.  May soybean futures are 1/4¢ higher at $9.96. March wheat futures are 3 3/4¢ lower at $4.22. March soy meal futures are $1.00 per short ton lower at $337.60. January soy oil futures are 0.37 higher at 32.53¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.95 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 19 points lower.

 

Mike

-------

In early trading:

At 9:00am, the March corn futures are 1¢ lower at $3.51. May futures are 3/4¢ lower at $3.59. March soybean futures are 2 1/2¢ higher at $9.86.  May soybean futures are 2 1/2¢ higher at $9.98. March wheat futures are 3 3/4¢ lower at $4.22. March soy meal futures are $0.80 per short ton lower at $337.80. January soy oil futures are 0.41 higher at 32.57¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.59 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 44 points lower.

 

Mike

---------

Soybeans rose overnight while corn and wheat were little changed to slightly lower. Beans, which rose about 2 cents, were up on headlines that the dry weather in Argentina will continue into February, putting crops at risk. Corn and wheat were both down about a penny. Export inspections were up week-to-week for both corn and soybeans, also helping to underpin prices. In weather news, the monster storm that dropped more than a foot of snow in parts of Nebraska and 10 inches in Minnesota has moved east and weakened. Some snowfall is expected in the Great Lakes today, though amounts aren't expected to be as lofty as yesterday. Check out all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-january-23.

 

Brent Crude Oil = up 0.5%.

West Texas Intermediate = up 0.4%.

Dollar = up 0.1%.

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

World Markets = Global stocks lower overnight.

0 Kudos