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Veteran Contributor

Floor Talk July 31

At mid-session:

At mid-session, the September corn futures are 2¢ higher at $3.69. December futures are 2 1/4¢ higher at $3.83.

 

August soybean futures are 22 1/4¢ higher at $9.03.  November soybean futures are 22¢ higher at $9.13.

 

September wheat futures are 1 1/2¢ higher at $5.48.

August soymeal futures are $5.90 per short ton higher at $338.80. Sep. soy oil futures 0.46¢ higher at 28.92.

In the outside markets, the NYMEX crude oil market is $1.10 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 162 points higher.

 

Mike

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At 8:50am:

In early trading, the September corn futures are 5 3/4¢ higher at $3.73. December futures are 5 3/4¢ higher at $3.87.

 

August soybean futures are 21¢ higher at $9.01.  November soybean futures are 21 1/4¢ higher at $9.12.

 

September wheat futures are 14 1/4¢ higher at $5.60 3/4.

August soymeal futures are $4.40 per short ton higher at $337.30. Sep. soy oil futures 0.30¢ higher at 28.76.

In the outside markets, the NYMEX crude oil market is $1.10 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 94 points higher.

 

Mike

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Corn and soybeans were higher in overnight trading after crop conditions were unchanged on a national basis but dropped in some key Corn Belt states. Corn was about 3 cents higher, beans gained a nickel and wheat was up 1-2 cents. Export inspections were higher week-to-week for both corn and beans, but down for wheat. In weather news, there's going to be some rain in Missouri today, which is good news since the state's received little or not precipitation in the past two months, according to the NWS. Check out today's 3 Big Things for all the details.  

 

West Texas Intermediate = down 0.4%.

Brent Crude = up 0.1%

Dollar = down 0.1%.

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

World Markets = Global stocks mostly higher overnight.

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