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Veteran Contributor
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Registered: ‎09-09-2014
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Floor Talk March 13

[ Edited ]

At the close:

At the close, the May corn futures finished 1¢ higher at $3.91 3/4. July futures finished 1 1/4¢ higher at $3.99 3/4. May soybean futures closed 7 3/4¢ higher at $10.48.  July soybean futures ended 8¢ higher at $10.59 1/2. May wheat futures ended 4 1/4¢ lower at $4.86 1/2. May soy meal futures closed $5.10 per short ton higher at $375.50. January soy oil futures ended 0.47 higher at 32.22¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.65 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 57 points lower.

 

Mike

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At mid-session:

At mid-session, the May corn futures are 2 1/2¢ higher at $3.93. July futures are 2 1/2¢ higher at $4.01. May soybean futures are 7 3/4¢ higher at $10.48.  July soybean futures are 8¢ higher at $10.59. May wheat futures are 3 1/4¢ lower at $4.87. May soy meal futures are $4.30 per short ton higher at $374.70. January soy oil futures are 0.44 higher at 32.19¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.70 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 21 points higher.

 

Mike

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At 9:10am:

In early trading, the May corn futures are 2¢ higher at $3.92. July futures are 2¢ higher at $4.00. May soybean futures are 5 3/4¢ higher at $10.46.  July soybean futures are 5 1/2¢ higher at $10.56. May wheat futures are 3 3/4¢ higher at $4.94. May soy meal futures are $3.60 per short ton higher at $374.00. January soy oil futures are 0.21 higher at 31.96¢ per pound.  In the outside markets, the NYMEX crude oil market is $0.44 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 155 points higher.

 

Mike

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Wheat futures were higher overnight as a seven-day weather map from the National Weather Service shows the area will get no rain, exacerbating the drought that's taken hold in the region. The hard-red winter wheat crop isn't in good shape and with little chance of rain in the next seven days, at least, it could get worse. Wheat rose 3-4 cents, beans were up about 3 cents and corn gained a penny overnight. Export inspections, meanwhile, improved week-to-week for corn while declining for soybeans and wheat. In weather news, the mid-south including parts of Arkansas, Mississippi and Tennessee that were hit by floods the past few weeks are now facing freeze warnings as temperatures tonight are expected to drop into the mid-20s tonight into Wednesday morning. Check out all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-march-13.

 

Brent Crude Oil = down 0.1%.

West Texas Intermediate = down 0.1%.

Dollar = up 0.1%

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

World Markets = Global stocks mixed overnight.

Frequent Contributor
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Re: Floor Talk March 13

Did the forecasted rain event in Argentina occur over the weekend?
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