Floor Talk March 14
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The May corn futures contract is trading 4 3/4 cents lower at $4.80. The May soybean futures contract is 13 1/2cents lower at $13.82. May wheat futures are 9 3/4 cents higher at $6.83 per bushel. The May soymeal futures contract is trading $2.30 per short ton lower at $439.60. The May soyoil futures are trading $0.63 lower at $42.36.
In the outside markets, the NYMEX crude oil is $0.32 per barrel higher, the dollar is lower and the Dow Jones Industrials are 22 points higher.
At the open:
The May corn futures contract is trading 1/2 of a cent higher at $4.85. The Dec. corn futures open 1 cent higher at $4.85. The May soybean futures contract is 1 cent lower at $13.94. November soybean futures are 6 cents lower at $11.73. May wheat futures are 7 cents higher at $6.80 per bushel. The May soymeal futures contract is trading $0.70 per short ton higher at $442.60. The May soyoil futures are trading $0.01 higher at $43.00.
In the outside markets, the ICE Brent crude oil is $0.41 per barrel higher, the dollar is lower and the Dow Jones Industrials are 32 points higher.
Early calls: Corn is seen mixed, soybeans 1-2 cents lower, and wheat 2-4 cents higher.
Overnight grain, soybean markets=Trading mostly mixed.
NYMEX Crude Oil=$0.51 per barrel higher.
Wall Street=Seen lower.
World Markets=Asia/Pacific stocks were lower, Europe stocks were lower.
More in a minute,
Re: Floor Talk March 14
, red buds in full bloom, pear trees in bloom 13th of March little late? Lots of brown to barely green pastures.
Wheat fields in NW Kansas showing winter kill now. One area not too bad few miles away maybe 25 to 50% gone in the usual blochy looks terrible way.
Not enough to save way too much to destroy
Not enough moisture to raise any thing no matter what. It has been About 5 months since at least a one half inch moisture event for much of the area. Forecast is dry the rest of the month.
The dry land farmers are or soon will be in financial distress. At least 3rd year and for many fourth year of living on crop insurance.
They missed out on the last few years of prosperity.
Snow forecast for southern Iowa in a few days