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Veteran Contributor
Posts: 531
Registered: ‎09-09-2014
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Floor Talk March 10

[ Edited ]

At the close:

At the close, the May corn futures settled 2 3/4¢ lower at $3.64 1/4, while December futures finished 1 3/4¢ lower at $3.86 1/2. May soybean futures finished 4 1/2¢ lower at $10.06. November soybean futures are 4 3/4¢ lower at $9.99 3/4. May wheat futures closed 3 1/2¢ lower at $4.40 1/2. May soy meal futures finished $0.20 per short ton higher at $328.70. May soy oil futures settled $0.43 lower at 32.68¢ per pound.  In the outside markets, the Brent crude oil market is $0.78 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 40 points higher.

 

Mike

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At mid-day:

At mid-day, the May corn futures are 4¢ lower at $3.63, while December futures are 3¢ lower at $3.85. May soybean futures are 6 1/2¢ lower at $10.04. November soybean futures are 6 1/2¢ lower at $9.98. May wheat futures are 1 1/2¢ lower at $4.42. May soy meal futures are $1.30 per short ton lower at $327.20. May soy oil futures are $0.42 lower at 32.69¢ per pound.  In the outside markets, the Brent crude oil market is $0.87 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 14 points lower.

 

Mike

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At 9am:

In early trading, the May corn futures are 1¢ lower at $3.66, while December futures are 1¢ lower at $3.87. May soybean futures are 6 1/4¢ lower at $10.04. November soybean futures are 5 3/4¢ lower at $9.98. May wheat futures are 3/4¢ lower at $4.43. May soy meal futures are $1.60 per short ton lower at $326.90. May soy oil futures are $0.35 lower at 32.76¢ per pound.  In the outside markets, the Brent crude oil market is $0.07 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 52 points higher.

 

Mike

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Corn and beans were lower in overnight trading after USDA forecasts for global stockpiles topped expectations in yesterday's WASDE report. Corn lost about 2 cents while beans were down about 5 cents. Wheat lost a penny. Aside from WASDE, the USDA also released its export sales report, which was a mixed bag. Sales rose week-over-week for all three crops but fell from the four-week averages. In weather news, it's going to be cold overnight for several nights in several Midwestern states from Missouri east through Kentucky. March Madness rolls on, and sadly my Nebraska Cornhuskers won't be in the tourney, as usual. Thankfully hometown team Creighton is carrying the torch for the state. And let's not forget about the Cyclones, who need no introduction! Have a good weekend! 


Here's what happened overnight:

 

Brent Crude Oil = 0.5% higher. 

West Texas Intermediate Crude Oil = 0.7% higher.

Dollar = unchanged.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks rise along with crude.

Senior Contributor
Posts: 306
Registered: ‎08-02-2012
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Re: Floor Talk March 10

Did I read the numbers wrong? Wasn't corn lower than expected? Just curious why no one has mentioned that or just choosing to ignore facts again to pad the pocket book?.
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Senior Advisor
Posts: 2,464
Registered: ‎10-17-2012
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Re: Floor Talk March 10

ILFamer - I'm -- REALLY disappointed in your statement !  Here - let me RE- fresh your memory - Just curious why no one has mentioned that or just choosing to ignore facts again to pad the pocket book?. 

 

Pad the books ? I'm still shaking my head on that one !  So what your saying - thinking ? That somebody just may not be honest with there reporting ? Ken thinks you -- MAY be reading to much Mr Elcheapo lately !

 

LMAO ---