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07-27-2018 07:07 AM - last edited on 07-27-2018 09:20 AM by marketeye
In early trading, the September corn futures are 1 3/4¢ higher at $3.63. December futures are 1 3/4¢ higher at $3.77.
August soybean futures are 10 3/4¢ higher at $8.72. November soybean futures are 11¢ higher at $8.87.
September wheat futures are 3/4¢ higher at $5.37.
August soymeal futures are $2.80 per short ton higher at $335.40. August soy oil futures 0.14¢ higher at 28.29.
In the outside markets, the NYMEX crude oil market is $0.01 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 15 points higher.
Soybeans were higher in overnight trading on a strong export sales report and continued optimism about demand after the US and EU announced a deal in which European countries would buy more of the oilseeds from the US. Beans rose 6 cents, while corn was down a penny and wheat dropped 5-6 cents overnight. Export sales for beans surged week-to-week as the Netherlands was again the big buyer, and wheat sales improved. Corn sales, however, dropped in the seven days that ended on July 19, the USDA said. In weather news, it's relatively quiet out there with only some thunderstorms possible again in eastern Nebraska and western Iowa. Check out today's 3 Big Things for all the details.
West Texas Intermediate = down 0.1%.
Brent Crude = down 0.1%
Dollar = up 0.1%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks higher overnight.