Floor Talk June 30, 2021 (Report Day)

[marketeye]

At midsession:

At midsession, the July corn futures are 32 1/2¢ higher at $7.27. New crop September futures are 39 1/2¢ higher at $5.98 1/4. December corn futures hit its daily limit up of 40¢ at $5.88 3/4.

July soybean futures are 80¢ higher at $14.39 1/2.

August soybean futures are 80¢ higher at $14.19 3/4. New crop November soybean futures are 80¢ higher at $13.92.

Sept. wheat futures are 25¢ higher at $6.71 1/4.


Aug. soymeal futures are $18.80 per short ton higher at $369.20.


Aug. soy oil futures are $2.99 higher at 65.15¢ per pound.

In the outside markets, the NYMEX crude oil market is +0.59 higher (+0.81%) at $73.57. The U.S. dollar is higher, and the Dow Jones Industrials are 152 points higher (+0.44%) at 34,444 points.

Mike

----------

At 11am:

USDA SAYS:

USDA data pushes corn to limit up prices.

Mike

---------

At the open:

Investors fade the USDA Acreage Report Wednesday.

Mike

[rickgthf]

So what are the acreage expectations?

[cborman11]

My how the tables have turned. 

[Hobbyfarmer]

Cman.

Where is the "They're all " C R O O K S" post?

 Did they finally eliminate some of those imaginary acres they have been carrying on the books?

Urban sprawl etc.

Only real increased acres were in Minn, and both Dakota's. Where is the weather the worst? 

Yep those three. Not good north of the border ether.

Bad things also happening n the Southern Brazil area too.  Quite a coincidence that it coincides with the mirror image of the northern hemisphere. Hmmm early frost next?

[sw363535]

Interesting that Canada is warm and central US is cool like in February. 

[k-289]

Maybe  USDA  is  taking  internship  lessons  from  the   Petro Institute  weekly  inventory  procedure  - ? 

Lean  hogs  &  lean  beef ,  will  soon ,  be   entering  the  pipeline  - - -