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Tony_Dreibus
Veteran Contributor

Floor Talk June 25

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

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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

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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

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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.

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22 Replies
cborman11
Senior Contributor

Re: Floor Talk June 25

Well with these prices its over for the farmers so you traders finally did it only took you 3 yrs but we will be done.
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illinifarmer
Advisor

Re: Floor Talk June 25

Crooks!!!
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cborman11
Senior Contributor

Re: Floor Talk June 25

But what do the traders care they still get their 110k a yr so f the farmer.
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roarintiger1
Honored Advisor

Re: Floor Talk June 25

This thing is way overblown to the down side.   When it comes back, it will come screaming back. By that I mean kicking and screaming back.....reluctantly.   And..........people will complain about higher prices at the grocery store and only blame farmers.  But of course, the traders will make their money on the way up as well..........at least the good ones will. 

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Hobbyfarmer
Honored Advisor

Re: Floor Talk June 25

I might take the other side of your bet rt.


Too many unseen things going on in the financial world.. many not good

Deficit spending never ends well.
roarintiger1
Honored Advisor

Re: Floor Talk June 25

So........you don't think that the grain markets will come back reluctantly?   Smiley Wink

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futurestrader92
Veteran Contributor

Re: Floor Talk June 25

Cborman still have to make profitable trades to get that 111k per year. 

 

On another note are you saying you haven't made money in 3 years? 

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cborman11
Senior Contributor

Re: Floor Talk June 25

Look it up its their salary,most farmers have not but you are not a farmer so you would not know.
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futurestrader92
Veteran Contributor

Re: Floor Talk June 25

It's their salary if they make that much trading, traders are compensated based on their trading abilities. You wouldn't have some subpar trader making 111k if he/she wasn't producing profitable trades. That's how capitalism works, you are compensated based on what you produce, even if all you produce is money. 

 

Again though, have you not made money in 3 years?

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