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Tony_Dreibus
Veteran Contributor

Floor Talk June 5

At the close:

At the close, the July corn futures finished 3¢ higher at $3.83 3/4. December futures finished 2 3/4¢ higher at $4.04. July soybean futures ended 1/2¢ lower at $10.01.  November soybean futures closed 1¢ higher at $10.20. July wheat futures settled 4 3/4¢ higher at $5.10. July soy meal futures finished $1.60 per short ton lower at $367.30. July soy oil futures finished  0.14 lower at 30.79¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.71 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 12 points lower.

 

Mike

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At mid-session:

At mid-session, the July corn futures are 2 3/4¢ higher at $3.83. December futures 2 1/2¢ higher at $4.03. July soybean futures are 1 1/4¢ higher at $10.03.  November soybean futures are 2¢ higher at $10.21. July wheat futures are 7 1/2¢ higher at $5.12. July soy meal futures are $1.10 per short ton lower at $367.80. July soy oil futures are 0.05 lower at 30.88¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.07 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 77 points lower.

 

Mike

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At the open:

In early trading, the July corn futures are 2 1/4¢ higher at $3.83. December futures 2¢ higher at $4.03. July soybean futures are 4 1/4¢ lower at $9.97.  November soybean futures are 4¢ lower at $10.15. July wheat futures are 11 1/4¢ higher at $5.16. July soy meal futures are $0.90 per short ton lower at $368.00. July soy oil futures are 0.10 lower at 31.83¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.35 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 18 points lower.

 

Mike

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Wheat futures rebounded overnight after dropping more than 3% yesterday, while corn and beans were cautiously higher. Wheat futures added 6-7 cents overnight while corn was up 2 cents and soybeans were up a penny. Most of the buying is technical in nature, analysts said, as bargain hunters are jumping into the market. Fundamentally, nothing's changed since yesterday when prices tanked. The corn and soybean crops are mostly in good shape and it's still hot and dry in the southern Plains. Export inspections week-to-week fell for all three crops, the USDA said on Monday. In weather news, some thunderstorms are possible in parts of South Dakota and Minnesota, and further east in southern Michigan and northern Indiana, according to the National Weather Service. Get all the details in today's 3 Big Things

 

West Texas Intermediate = down 0.7%.

Brent Crude = down 1.8%

Dollar = up 0.1%.

Wall Street = U.S. stock higher pre-market.

World Markets = Global stocks higher overnight.

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