Floor Talk July 20
At the close:
At the close, the Sept. corn futures finished 8 1/2¢ higher at $3.91, while December futures settled 8 1/2¢ higher at $4.04 3/4. Aug. soybean futures closed 13 1/2¢ higher at $10.13 1/4, November soybean futures closed 14 1/2¢ higher at $10.27. September wheat futures finished 2 1/2¢ higher at $5.05 3/4. Dec. soy meal futures settled $3.90 per short ton higher at $338.10. Dec. soy oil futures closed $0.57 higher at 34.45¢ per pound. In the outside markets, the Brent crude oil market is $0.38 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 26 points lower.
At the open:
In early trading, the Sept. corn futures are 5 1/4¢ higher at $3.87, while December futures are 5 1/4¢ higher at $4.01. Aug. soybean futures are 8 1/2¢ higher at $10.08, November soybean futures are 9¢ higher at $10.21. September wheat futures are 2¢ lower at $5.01. Dec. soy meal futures are $2.50 per short ton higher at $336.70. Dec. soy oil futures are $0.30 higher at 34.18¢ per pound. In the outside markets, the Brent crude oil market is $0.43 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 18 points lower.
USDA's Weekly Export Sales Report Thursday showed strong demand for all commodities.
Wheat= 669,500 metric tons vs the trade’s expectations of between 300,000-500,000 mt.
Corn= 678,600 mt. vs. the trade’s expectations of between 350,000-700,000 mt.
Soybeans= 1.932 million mt. vs. the trade’s expectations of between 200,000-2,200,000 mt.
Soybean meal= 117,300 mt. vs. the trade’s expectations of between 75,000-200,000 mt.
Corn and beans were higher overnight as the hot weather in the Midwest shows no signs of abating and in fact has expanded. Corn was up a nickel and beans rose about 6 cents. Wheat was little changed, losing less than a penny overnight on signs of rain in the northern Plains. The heat wave that's squarely parked over the central Corn Belt is the talk of the town as temperatures climb toward the triple digits and heat indexes top 110 degrees Fahrenheit, sapping soil moisture. The heat dome isn't going anywhere and is expected to stick around for at least the next three days, according to the National Weather Service. Meanwhile, ethanol production and stockpiles rose while crude and gasoline inventories surprisingly plunged week-over-week. See all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-july-20.
Here's what happened overnight:
Brent Crude Oil = up 0.5%
West Texas Intermediate = up 0.5%
Dollar = up 0.3%.
Wall Street = U.S. stock futures higher in pre-market trading.
World Markets = Global stocks higher on positive economic data.
Re: Floor Talk July 20
who in the ##@@ makes up these export ranges these sudo educated people with ranges so wide anyone could pick them ....I want your job you come down on the farm and work for a living