Floor Talk - July 9
Sorry for the delay. Hopefully the leap in soybean prices makes up for my tardiness!
Shortly after the open, the Sept. corn futures at 4 1/4 cents higher to $4.20 1/2, Dec corn futures are 4 1/4 cents higher to $4.38 1/2.
Aug. soybean futures are trading 26 3/4 cents higher at $10.23 1/2.
Sept. wheat futures are 6 3/4 cents higher at $5.80 1/4.
Aug. soymeal futures are trading $7.60 per short ton higher at $351.40. Aug. soyoil futures are trading $0.54 higher at $32.23.
In the outside markets, the Brent Crude oil market is $1.93 higher to $58.98 per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 211 points lower.
Re: Floor Talk - July 9
Another pounding rain here in NW Ohio overnight and this morning. 3.6" in the last two days. Water over the roads in places that I have never seen it. I thankfully don't have any wheat to harvest and I really feel sorry for those who do. Talking with several other farmers in the area this morning......Their give-a-damn is busted. Small crops are getting smaller.
Re: It's dam wet and dam late now, this week's
h2o batch finishes Off a bunch of stuff.
IL, IN, OH, MO, AR, Louisiana....
ain't no way the total usa yields even run close to "trendline."
say 12 to 12.5 corn....2.8 to 3.2 beans ( 3 is gonna be hard to achieve )