NOTE: The ag futures markets will trade only until 12-Noon Thursday. The markets are closed Friday, July 4th. They will reopen on Sunday night.
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At the open:
At the open, the Sept. corn futures are trading 1/2 of a cent higher at $4.23 per bushel. The Dec corn futures are 1/2 of a cent higher at $4.32 per bushel.
Aug. soybean futures are trading 5 cents lower at $10.35. Nov. soybean futures are trading 3 1/2 cents lower at $10.26.
Sept. wheat futures are 7 cents lower at $5.81.
Aug. soymeal futures are trading $1.30 per short ton lower at $350.90. Aug. soyoil futures are trading $0.19 higher at $33.32.
In the outside markets, the Brent Crude oil market is $0.65 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 53 points higher.
Mike
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At 7:35am:
USDA Weekly Export Sales Thursday showed that wheat sales were within expectations, corn on the high end, and soybeans below expectations.
Wheat= 363,900 metric tons vs. the trade's expectations of 250,000-450,000 metric tons.
Corn= 833,200 mt vs. the trade's expectations of between 450,000-950,000 mt.
Soybeans=137,800 mt. vs. the trade's expectations of 150,000-500,000 mt.
Soybean meal = 263,700 mt vs. the trade's expectations of 100,000-300,000 metric tons.
Mike
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At 6:45am:
Early calls: Corn 2-4 cents higher, soybeans 2-4 cents higher, and wheat 2-4 cents lower.
Trackers:
Overnight grain, soybean markets = Trading mostly higher.
Brent Crude Oil = $0.55 higher.
Dollar =Lower.
Wall Street = Seen higher, with U.S. jobs data in focus.
World Markets = Europe stocks were slightly higher, Asia/Pacific stocks were higher.
More in a minute,
Mike
