At mid-session:
The July futures corn contract is 7 cents lower at $6.43. New-crop Dec. futures are trading 6 cents lower at $5.31. The July soybean futures contract is trading 31 cents lower at $15.09, new-crop Nov. soybeans are trading 22 cents lower at $12.91. July wheat futures are trading 4 cents lower at $6.78 per bushel. The July soymeal futures are trading $8.80 per short ton lower at $452.60. The July soyoil futures are trading $0.30 lower at $47.81.
In the outside markets, the NYMEX crude oil is $0.03 per barrel lower, the dollar is higher and the Dow Jones Industrials are 49 points higher.
Mike
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At the open:
The July futures corn contract opened 6 cents lower at $6.50. New-crop Dec. futures are trading 1/2 cent lower at $5.37. The July soybean futures contract is trading 5 cents lower at $15.35, new-crop Nov. soybeans are trading 6 cents lower at $13.08. July wheat futures are trading 1/4 of a cent lower at $6.82 per bushel. The July soymeal futures are trading $0.40 per short ton lower at $461.00. The July soyoil futures are trading $0.12 higher at $48.23.
In the outside markets, the NYMEX crude oil is $0.42 per barrel lower, the dollar is higher and the Dow Jones Industrials are 68 points lower.
Mike
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At 7:45am:
USDA Weekly Export Sales:
Corn= 149,500 mt
Soybeans= 447,100 mt
Wheat= 435,300 mt
Mike
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At 6:25am:
Early calls: Corn is seen 2-4 cents higher (old-crop), soybeans 8-10 cents lower (old-crop), and wheat 1-2 cents lower. Meanwhile, new-crop corn 1-2 cents higher and soybeans are seen 6-8 cents lower.
Trackers:
Overnight grain, soybean markets=Trading lower.
Crude Oil=$0.35 per barrel lower.
Dollar=Higher.
Wall Street=Seen lower, as a global rout puts pressure on stocks. The issue is the world is worried about central banks' pullback of easy moey policies.
World=Asia/Pacific stocks were lower and Europe's stocks are lower.
More in a minute,
Mike
