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Floor Talk July 2, 2021
Note: The weather guy that I just talked to says that ideal crop weather is the story for the first half of July.
At the close:
At the close, the Sept. corn futures finished 9 3/4¢ lower at $5.92. New crop Dec. futures closed 9 1/4¢ lower at $5.79 3/4.
March corn futures settled 8 1/2¢ lower at $5.86.
August soybean futures closed 3 1/2¢ higher at $14.33.
Sept. soybean futures finished 3 1/4¢ higher at $14.08. New crop November soybean futures ended 3 1/4¢ higher at $13.99.
Sept. wheat futures closed 12 1/4¢ lower at $6.52 1/4.
Aug. soymeal futures finished $1.90 per short ton lower at $381.50.
Aug. soy oil futures finished $0.82 higher at 63.47¢ per pound.
In the outside markets, the NYMEX crude oil market is -0.26 lower (-0.35%) at $74.97. The U.S. dollar is lower, and the Dow Jones Industrials are 159 points higher (+0.46%) at 34,794 points.
Mike
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At midsession:
At midsession, the Sept. corn futures are 5¢ lower at $5.96 1/2. New crop Dec. futures are 6 1/4¢ lower at $5.82 3/4. March corn futures are 6 1/2¢ lower at $5.88.
August soybean futures are 5 1/4¢ higher at $14.35.
Sept. soybean futures are 4 1/4¢ higher at $14.10 3/4. New crop November soybean futures are 3 1/4¢ higher at $13.98.
Sept. wheat futures are 13 1/4¢ lower at $6.52 1/4.
Aug. soymeal futures are $0.50 per short ton lower at $382.90.
Aug. soy oil futures are $0.87 higher at 63.52¢ per pound.
In the outside markets, the NYMEX crude oil market is -0.07 lower (-0.09%) at $75.16. The U.S. dollar is lower, and the Dow Jones Industrials are 111 points higher (+0.32%) at 34,745 points.
Mike
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That ideal crop
Weather your guy is preaching for the 1st half of July?
We'll see.
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Re: Floor Talk July 2, 2021
Just as a personal safety warning you might suggest to your weather dude he not go on vacation this weekend into nw Iowa, western Minn, anywhere in the Dakota's without a very good disguise.
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Re: Floor Talk July 2, 2021
Good weather first half of July? Damage is done,!, wake up. Only down hill from here fellas. Traders and analysts botched another report and the farmers pay for it, go figure.
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Re: Floor Talk July 2, 2021
The weather guy must live in IN or IL and not have internet access 🙂
The 8-14 goes cooler at the end, if they sneak in some rain this weekend, the crop on that good black dirt will be far from dead. Now, the dakotys and minniesota are in a much poorer place. 😞
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Sounds like No Ears
On kinda OK looking corn plants. Dak and west Iowa and Minnesota.
Sooo, should be some OK corn silage.
Kinda tough to sell it with no ears.
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Re: Sounds like No Ears
I'm in Minniesota and my corn must be in good shape. Was mowing our governor goofy buffer strips this afternoon and the deer have been chowing it down. Saw a doe with a fat little fawn munching away and they couldn't care less that I was just across the ditch.