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Floor Talk July 10

[ Edited ]

At the close:

At the close, the September corn futures finished 6 1/4¢ lower at $3.47 3/4. December futures finished 6 1/4¢ lower at $3.60 1/4.

 

August soybean futures finished even at $8.55 3/4.  November soybean futures closed 1/2¢ lower at $8.71 1/2.

 

September wheat futures closed 16¢ lower at $4.92.

August soymeal futures ended $2.30 per short ton higher at $332.20. August soy oil futures finished 0.13¢ higher at 28.99.

In the outside markets, the NYMEX crude oil market is $0.22 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 130 points higher.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 8 3/4¢ lower at $3.45. December futures are 8 3/4¢ lower at $3.58 1/4.

 

August soybean futures are 1 1/2¢ lower at $8.54.  November soybean futures are 1 3/4¢ lower at $8.70 1/4.

 

September wheat futures are 18¢ lower at $4.90.

August soymeal futures are $2.30 per short ton higher at $332.20. August soy oil futures 0.03¢ higher at 28.89.

In the outside markets, the NYMEX crude oil market is $0.08 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 149 points higher.

 

Mike

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At 9:45am:

In early trading, the September corn futures are 31/4¢ lower at $3.50. December futures are 3 1/2¢ lower at $3.63.
August soybean futures are 7 1/2¢ higher at $8.63.  November soybean futures are 7¢ higher at $8.79.
September wheat futures are 12 3/4¢ lower at $4.95.

August soymeal futures are $5.10 per short ton higher at $335.00. August soy oil futures 0.12¢ higher at 28.98.

In the outside markets, the NYMEX crude oil market is $0.74 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 104 points higher.

On Tuesday, private exporters reported to the U.S. Department of Agriculture the following activity:
 
    •    Export sales of 113,000 metric tons of corn for delivery to Egypt.  Of the total 60,000 metric tons is for delivery during the 2017/2018 marketing year and 53,000 metric tons is for delivery during the 2018/2019 marketing year; and
    •    Cancellations of export sales of 152,000 tons of grain sorghum for delivery to Mexico during the 2017/2018 marketing year.
The marketing year for corn and grain sorghum began Sept. 1.

 

Mike

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Corn and soybeans were lower in overnight trading amid lofty crop ratings. About three-fourths of the corn and soybean crops were in good to excellent condition as of Sunday, according to the US Department of Agriculture. Corn and beans both lost about 3 cents overnight, while wheat was down 8-9 cents. In weather news, it's going to be a scorcher in parts of eastern Kansas and western Missouri where heat indexes will approach 105 to 108 degrees Fahrenheit. It's going to be hot in central Minnesota as well, according to the National Weather Service. Check today's 3 Big Things for all the details.  

 

West Texas Intermediate = up 0.4%.

Brent Crude = up 1.2%

Dollar = up 0.3%.

Wall Street = U.S. stock higher pre-market.

World Markets = Global stocks higher overnight.