At the close:
At the close, the Sept. corn futures finished 17 1/4¢ lower at $5.47 1/4. New crop Dec. futures finished 18 1/4¢ lower at $5.43. March corn futures ended 17 3/4¢ lower at $5.51.
August soybean futures ended 15 1/4¢ lower at $14.01.
Sept. soybean futures settled 13 1/4¢ lower at $13.55 3/4. New crop November soybean futures ended 10 1/4¢ lower at $13.51 3/4.
Sept. wheat futures closed 8 1/4¢ lower at $6.84.
Aug. soymeal futures closed $9.60 per short ton lower at $353.60.
Sep. soy oil futures ended $0.87 higher at 64.40¢ per pound.
In the outside markets, the NYMEX crude oil market is 0.13 higher (+0.18%) at $72.04. The U.S. dollar is lower, and the Dow Jones Industrials are 198 points higher (+0.57%) at 35,022 points.
Mike
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At midday:
At midsession, the Sept. corn futures are 16 1/4¢ lower at $5.48. New crop Dec. futures are 17 1/4¢ lower at $5.44. March corn futures are 17¢ lower at $5.51.
August soybean futures are 11¢ lower at $14.05.
Sept. soybean futures are 9¢ lower at $13.60. New crop November soybean futures are 8 1/4¢ lower at $13.54.
Sept. wheat futures are 7¢ lower at $6.85 1/4.
Aug. soymeal futures are $6.70 per short ton lower at $356.50.
Aug. soy oil futures are $0.67 higher at 65.67¢ per pound.
In the outside markets, the NYMEX crude oil market is 0.10 higher (+0.14%) at $72.01. The U.S. dollar is lower, and the Dow Jones Industrials are 212 points higher (+0.61%) at 35,035 points.
Mike
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At 9am:
In early trading, the Sept. corn futures are 1 1/4¢ lower at $5.63. New crop Dec. futures are 2¢ lower at $5.59 1/2. March corn futures are 2¢ lower at $5.66.
August soybean futures are 1 1/4¢ lower at $14.15.
Sept. soybean futures are 2 1/2¢ lower at $13.66. New crop November soybean futures ended 1¢ lower at $13.61.
Sept. wheat futures are 3 1/4¢ higher at $6.95 1/4.
Aug. soymeal futures are $3.20 per short ton lower at $360.00.
Sep. soy oil futures are $1.02 lower at 64.55¢ per pound.
In the outside markets, the NYMEX crude oil market is 0.22 lower (-0.31%) at $71.70. The U.S. dollar is higher, and the Dow Jones Industrials are 165 points lower (+0.47%) at 34,988 points.
On Friday, private exporters reported to the USDA export sales of 100,000 metric tons of soybeans for delivery to Mexico during the 2021/2022 marketing year.
The marketing year for soybeans began Sept. 1.
Al Kluis Kluis Advisors, says that investors are keeping a close eye on every updated forecast.
“The weather forecasts changed overnight. The heat is not staying around as long, and there's a good chance of rain in Minnesota and the Dakotas in the extended models in early August. Also, the 30-day August forecast is now for seasonal temps and above-normal moisture in all of the Corn Belt," Kluis stated in a note to customers.
Kluis added, "The grain markets may be setting up for a late-month low again in July. If you look at the days when the corn and soybean markets have bottomed each month, then you see the markets have consistently put in a low between day 25 and day 31. This pattern has been in place since January."
What say you?
Mike
