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Veteran Advisor

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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3 Replies
Senior Advisor

Re: Floor Talk January 6, 2021

Turning  last  summers  advice  to  whispers , now  ?  -  -  -     

Senior Advisor

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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Veteran Advisor

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. 

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