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Floor Talk January 6, 2021
At the close:
At the close, the March corn futures finished 3 1/4¢ higher at $4.95. May corn futures closed 3 1/4¢ higher at $4.96.
March soybean futures closed 14 1/2¢ higher at $13.61 1/2. May soybean futures closed 14¢ higher at $13.60.
March wheat futures settled 6 1/2¢ lower at $6.47 1/4.
March soymeal futures finished $6.50 short term higher at $438.30.
March soy oil futures settled 0.24 of a cent higher at 43.84¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.10 per barrel higher (+0.20%) at $50.03. The U.S. dollar is lower, and the Dow Jones Industrials are 484 points higher (+1.59%) 30,876 points.
Mike
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At 8:45am:
Soybeans are up 43% in twelve months.
Mike
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Re: Floor Talk January 6, 2021
Turning last summers advice to whispers , now ? - - -
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Re: Broke through $5 on the overnight.
Anyone else notice that corn broke through $5 on the overnight last for a few minutes. I know the overnight isn't the same as the day trade but still.
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Re: Broke through $5 on the overnight.
@rickgthf wrote:
Anyone else notice that corn broke through $5 on the overnight last for a few minutes. I know the overnight isn't the same as the day trade but still.
The new low is actually bout $6.
The new mid range is $7 to $8.
The next evolution high is $8.50 to $9.
Times change.