At the close:
At the close, the July corn futures settled 6 3/4¢ lower at $3.50 1/2. December futures ended 6 1/2¢ lower at $3.71 1/2. July soybean futures finished 20¢ lower at $8.74 1/2. November soybean futures closed 20 3/4¢ lower at $8.95. July wheat futures finished 13 3/4¢ lower at $4.90 1/2. July soy meal futures closed $6.20 per short ton lower at $332.90. July soy oil futures closed 2.70 lower at 28.94¢ per pound. In the outside markets, the NYMEX crude oil market is $0.36 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 434 points lower.
Mike
---------
At mid-session:
At mid-session, the July corn futures are 5 1/4¢ lower at $3.52. December futures 5 1/4¢ lower at $3.72. July soybean futures are 19 1/4¢ lower at $8.75. November soybean futures are 21¢ lower at $8.95. July wheat futures are 9¢ lower at $4.95. July soy meal futures are $6.20 per short ton lower at $332.90. July soy oil futures are 0.11 lower at 28.10¢ per pound. In the outside markets, the NYMEX crude oil market is $0.09 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 403 points lower.
Mike
---------
At 9:18am:
In early trading, the July corn futures are 6 1/2¢ lower at $3.50. December futures 6 3/4¢ lower at $3.71. July soybean futures are 20¢ lower at $8.74. November soybean futures are 21¢ lower at $8.95. July wheat futures are 17¢ lower at $4.87. July soy meal futures are $6.70 per short ton lower at $332.40. July soy oil futures are 0.25 lower at 28.96¢ per pound. In the outside markets, the NYMEX crude oil market is $0.32 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 309 points lower.
Mike
-----------
Wheat futures plunged as the US harvest accelerates and Australian growing areas receive rain and soybeans were lower on continued trade tensions between the US and China. Wheat lost 10-11 cents, beans were down a dime and corn was about 3 cents lower. President Trump said on Sunday that trading partners need to eliminate tariffs or face consequences, renewing worries about the ongoing trade war between the US and China. In other news, money managers turned bearish on soybeans and extended net-short positions in corn last week. In weather news, flood warnings and flash flood watches are in effect for several counties in Iowa, Nebraska, South Dakota and Minnesota today. Get all the details in today's 3 Big Things.
West Texas Intermediate = up 0.5%.
Brent Crude = down 1.5%
Dollar = down 0.2%.
Wall Street = U.S. stock lower pre-market.
World Markets = Global stocks lower overnight.
