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marketeye
Veteran Advisor

Floor Talk, June 25, 2019

At the close:

 

At the close, the July corn futures finished 3/4¢ higher at $4.47 1/2. Dec. corn futures finished 1/4¢ higher at $4.57 1/4.

July soybean futures settled 5 1/2¢ lower at $9.03 1/2. November soybean futures closed 6 1/4¢ lower at $9.26 3/4.

Sep. wheat futures closed 2 1/4¢ lower at $5.35 3/4.



July soymeal futures closed $1.90 per short ton lower at $315.70.

 July soy oil futures finished $0.35 lower at 28.00¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.18 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 190 points lower.

 

Mike

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At midsession:

 

At midsession, the July corn futures are 2 1/2¢ higher at $4.49. Dec. corn futures are 2 1/4¢ higher at $4.59 1/4.

July soybean futures are 1/2¢ higher at $9.09 3/4. November soybean futures are 1/2¢ lower at $9.32 3/4.

Sep. wheat futures are 1/2¢ lower at $5.37.



July soymeal futures are $0.50 per short ton higher at $318.10.

 July soy oil futures are $0.24 lower at 28.11¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.16 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 52 points lower.

Mike

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At 9:23am:

In early trading, the July corn futures are 5 3/4¢ higher at $4.52. Dec. corn futures are 5 1/2¢ higher at $4.62 1/4.

July soybean futures are 3 3/4¢ higher at $9.12 3/4. November soybean futures are 2 1/4¢ higher at $9.35.

Sep. wheat futures are 5¢ higher at $5.43.



July soymeal futures are $0.90 per short ton higher at $318.50.

 July soy oil futures are $0.13 lower at 28.22¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.21 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 50 points lower.

Al Kluis, Kluis Advisors, says that the Monday Crop Progress reports were viewed as positive for grain prices.

“The USDA Crop Progress report on the soybean crop is in trouble. The first soybean crop rating came out on Monday, with only 54% of the nation’s soybeans rated good to excellent. This compares to 73% last year and 69% in the five year average. The last time it was this low was 1993, when the first rating came out at 60% goo/excellent,” Kluis told customers in a daily note.

Kluis added, “We are watching the weather and individual state reports for Illinois, Indiana and Ohio. Those states still have 9 million acres of soybeans to plant. After the weekend rain, it may be July before they get back into the field.”

 

Mike

 

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3 Replies
wrightcattle
Veteran Advisor

Corn say $0.50 higher

And beans say $4 higher and Agri will get towards the Real World. 

That's $5+  cash corn and beans in the teens BTW. 

It'll be Sooner not later too. 

Say cash corn at $6 off the combines this fall Everywhere. 

illinifarmer
Advisor

Re: Corn say $0.50 higher

Red again? Explanation, at close now same over night  ?!  It’s possible to even ignore the numbers from the flag ship?

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BA Deere
Honored Advisor

Re: Corn say $0.50 higher

They`re out to make money, not friends.  Smiley Happy  

In `93 there was a lag in reporting to total extent of the disaster, without the full damage reported in November, giving endusers the ability to steal a few months from the uniformed rubes.  This from David Kruse.

 

https://commstock.com/media/

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