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03-01-2019 09:20 AM - edited 03-01-2019 01:30 PM
At midsession, the May corn futures are 4 3/4¢ lower at $3.66. July futures are 4 3/4¢ lower at $3.74.
May soybean futures are 9 1/4¢ lower at $9.01. July soybean futures are 9¢ lower at $9.15.
May wheat futures are 11 1/2¢ lower at $4.48.
May soymeal futures are 2.80 per short ton lower at $303.20. May soy oil futures are 0.06 lower at 30.19¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.36 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 65 points higher.
At 9:00am, the May corn futures are 1 1/2¢ lower at $3.69. July futures are 1 3/4¢ lower at $3.77.
May soybean futures are 1 1/2¢ higher at $9.11 3/4. July soybean futures are 1 1/2¢ higher at $9.25 1/2.
May wheat futures are 5 1/4¢ lower at $4.54. May soymeal futures are 0.40 per short ton lower at $305.60.
May soy oil futures are 0.27 higher at 30.52¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.23 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 178 points higher.
Al Kluis, Kluis Advisors, says that investors remain leery.
“We are finally in delivery of March corn, so look for a near-term low pretty soon. The market still remains a bit uneasy since we still do not have a trade deal done with China. The money feels like it wants to remain on the sidelines. ” Kluis told customers in a daily note.
03-05-2019 06:56 AM - edited 03-05-2019 11:55 AM
"The money looks to want to remain on the sidelines" from Alan
Now there is mind numbing dribble if ever it existed.
1. The money could care less where it goes
2. The managers of the money are not staying on the sidelines,they are getting short - the cause of the price decline
3. "remain" on the sidelines....see #2...not remaining anywhere
4. Spec selling driving prices down in late Feb/March is a very bullish event btw
jmo after a few decades at this game