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Floor Talk January 25

[ Edited ]

At the close:

At the close, the March corn futures finished 1 1/4¢ lower at $3.55 1/4. May futures ended 1¢ lower at $3.63. March soybean futures closed even at $9.92 1/4.  May soybean futures closed even at $10.03 3/4. March wheat futures ended 1 1/2¢ higher at $4.34 1/2. March soy meal futures settled $1.60 per short ton lower at $340.40. January soy oil futures finished 0.18 lower at 32.50¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.21 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 82 points higher.

 

Mike

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At mid-session:

At mid-session, the March corn futures are 1/2¢ higher at $3.56. May futures are 1/2¢ lower at $3.64. March soybean futures are 3 3/4¢ higher at $9.96.  May soybean futures are 3 3/4¢ higher at $10.07. March wheat futures are 2 1/4¢ higher at $4.35. March soy meal futures are $3.10 per short ton higher at $345.10. January soy oil futures are 0.03 higher at 32.71¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.48 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 173 points higher.

 

Mike

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In early trading:

At 8:45am, the March corn futures are 1/2¢ higher at $3.57. May futures are 1/4¢ higher at $3.65. March soybean futures are 5 3/4¢ higher at $9.98.  May soybean futures are 5 3/4¢ higher at $10.09. March wheat futures are 2 1/4¢ higher at $4.35. March soy meal futures are $3.10 per short ton higher at $345.10. January soy oil futures are 0.08 higher at 32.76¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.50 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 82 points higher.

 

Mike

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Soybeans and grains were higher overnight as the dollar fell to the weakest in more than three years. The greenback overnight dropped to the lowest level since December 2014, which boosts the appeal of U.S. products to overseas buyers. Beans added 2 cents, corn was up 1 cent and wheat gained 1-2 cents overnight. Ethanol production rose to the highest level in a month while stockpiles of the biofuel jumped to a record. Inventories tend to jump in January, but the level in storage right now is up a whopping 10% from last year. In weather news, it's going to be breezy and extremely dry in much of the southern Plains today, making for some tinderbox-like conditions. Wildfires will spark easily so don't burn anything or throw out a cigarette lest you burn down the Sooner State. 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-25.

 

Brent Crude Oil = up 0.7%.

West Texas Intermediate = up 1%.

Dollar = down 0.1%.

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

World Markets = Global stocks higher overnight.