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Veteran Contributor
Posts: 746
Registered: ‎09-09-2014
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Floor Talk July 23

[ Edited ]

At the close:

At the close, the September corn futures finished 2¢ higher at $3.57. December futures ended 2 1/4¢ higher at $3.71.

 

August soybean futures settled 2¢ lower at $8.47 3/4.  November soybean futures finished 2¢ lower at $8.62 3/4.

 

September wheat futures closed 2 1/4¢ lower at $5.13 3/4.

August soymeal futures settled $1.10 per short ton higher at $328.00. August soy oil futures closed 0.25¢ lower at 27.97.

In the outside markets, the NYMEX crude oil market is $0.60 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 36 points lower.

 

Mike

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At mid-session:

At mid-session, the September corn futures are 2¢ higher at $3.57. December futures are 2¢ higher at $3.71.

 

August soybean futures are 3/4¢ lower at $8.49.  November soybean futures are 1/2¢ lower at $8.64.

 

September wheat futures are 3 3/4¢ higher at $5.19.

August soymeal futures are $1.10 per short ton higher at $328.00. August soy oil futures 0.20¢ lower at 28.02.

In the outside markets, the NYMEX crude oil market is $0.44 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 13 points higher.

 

Mike

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At 9:15am:

In early trading, the September corn futures are 1/4¢ higher at $3.55. December futures are 1/4¢ higher at $3.69.

 

August soybean futures are 2¢ higher at $8.51.  November soybean futures are 2 1/4¢ higher at $8.67.

 

September wheat futures are 3/4¢ higher at $5.16.

August soymeal futures are $2.50 per short ton higher at $329.40. August soy oil futures 0.12¢ lower at 28.10.

In the outside markets, the NYMEX crude oil market is $0.56 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 28 points lower.

 

Mike

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Grains and beans were little changed overnight as investors are still weighing the escalating US-China trade spat versus last week's strong export sales report. Corn, beans and soft-red winter wheat all moved about a penny while hard-red winter futures gained 2 cents. Money managers, meanwhile, pushed their bets on lower prices for corn and beans to the highest level in six months. In weather news, the oppressive heat that had hovered over much of the Midwest for the past couple of weeks has now shifted mostly to Texas. Cooler temperatures and rainfall is forecast for parts of Oklahoma and Arkansas that were in the triple digits all of last week. Check out today's 3 Big Things for all the details. 

 

West Texas Intermediate = up 1.1%.

Brent Crude = up 1.3%

Dollar = down 0.1%.

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

World Markets = Global stocks mixed overnight.

Senior Contributor
Posts: 312
Registered: ‎05-03-2013
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Re: Floor Talk July 23

Tens of thousands of acres of wheat burned in the Oregon wildfires. Haven’t heard a definitive number yet but 50,000 acres has been thrown out by some. That’s roughly 2.5 million bushels. With the problems in our winter wheat areas and Europe’s wheat woes things SHOULD get interesting.
Honored Advisor
Posts: 2,922
Registered: ‎04-29-2011
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Re: Floor Talk July 23

I've thought for quite some time that wheat needed to lead the way higher for all grain markets.   If wheat takes off, watch out.  Smiley Wink

Veteran Advisor
Posts: 4,348
Registered: ‎02-10-2013
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Re: Floor Talk July 23

Can take off, capped due to china issues..
Good, bad, indifferent.
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Senior Contributor
Posts: 1,025
Registered: ‎11-30-2014
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Re: Floor Talk July 23

Aussie and Russia have definite wheat weather issues also.

 

Tend to agree that when wheat takes off again ( the old cash high was in the $8+ range ), Things gonna finally start to get Real.