WATCH VIDEO: June Rains To Continue For Midwest
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At the close:
At the close, the July corn futures settled 2 1/4 cents lower at $3.48 1/4 per bushel. The Dec corn futures finished 6 cents lower at $3.63 1/2 per bushel.
July soybean futures finished 2 1/4 cents lower at $9.37. Nov. soybean futures finished unchanged at $9.04.
July wheat futures closed 14 1/4 cents lower at $4.89.
July soymeal futures are trading $4.20 per short ton lower at $313.20. July soyoil futures finished $0.45 lower at $32.69.
In the outside markets, the NYMEX Crude oil market is $0.38 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 111 points lower.
Mike
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At mid-session:
At mid-session, the July corn futures are trading 4 1/2 cents lower at $3.48 per bushel. The Dec corn futures are 5 1/4 cents lower at $3.64 per bushel.
July soybean futures are trading 4 1/2 cents lower at $9.35. Nov. soybean futures are trading 5 cents lower at $8.99.
July wheat futures 16 1/4 cents lower at $4.87.
July soymeal futures are trading $7.00 per short ton lower at $310.40. July soyoil futures are trading $0.62 lower at $32.52.
In the outside markets, the Brent Crude oil market is $0.32 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 99 points lower.
Mike
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At 11:20am:
NOPA May soybean crush at 148.416 million bushels, up from trade expectations of 147.299 mln and a record for May.
Mike
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At 10:40am:
Market thoughts: Two news items that could move the market include today's NOPA soybean crush report, and USDA's Crop Condition Ratings. Plus, the Fed's statement Wednesday afternoon on when interest rates will go up.
Which of those will carry the most weight, regarding moving the farm markets?
Mike
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At 9am:
On Monday, private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of corn for delivery to Japan during the 2014/2015 marketing year.
The marketing year for corn began Sept. 1
Mike
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At the open:
At the open, the July corn futures are trading 3 1/4 cents lower at $3.49 per bushel. The Dec corn futures are 4 cents lower at $3.65 per bushel.
July soybean futures are trading 8 1/2 cents lower at $9.31. Nov. soybean futures are trading 6 cents lower at $8.98.
July wheat futures 10 1/4 cents lower at $4.93.
July soymeal futures are trading $3.10 per short ton lower at $314.30. July soyoil futures are trading $0.42 lower at $32.72.
In the outside markets, the Brent Crude oil market is $1.08 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 190 points lower.
Mike
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At 8:15am:
If you missed it, Friday's Disaggregated CFTC Report showed corn and Chi wheat adding a whopping 45.7k and 40.7k net contracts in the managed money cate-gory on the week ending last Tuesday (6/12) - both those moves were well over the net gains trade estimates had been indicating. The soy complex post-ed lesser 5-8.5k net gains on the week. Producers and merchants cut net posi-tions across the complex, led by a –27.3k in corn and a –30.6k in Chi wheat.
Mike
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At 7:05am:
Heavy rains in your area? The National Weather Service reports Monday that 3.34-inches fell in central Iowa, overnight. Flooding is occurring on the rivers around Des Moines.
Rain stretches from Nebraska to Indiana. The entire Corn Belt is getting wet Monday.
Mike
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At 6:45am:
Early calls: Corn 1-2 cents lower, soybeans 7-8 cents lower, and wheat 6-8 cents lower.
Trackers:
Overnight grain, soybean markets = Trading lower.
Brent Crude Oil = $0.90 lower.
Dollar =Higher.
Wall Street = Seen lowe, following Europe stocks falling on a collapse of Greece financial talks.
World Markets = Europe stocks were lower, Asia/Pacific stocks were lower.
More in a minute,
Mike
