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marketeye
Veteran Advisor

Floor Talk March 15, 2021

At the close:

At the close, the May corn futures finished 10 1/4¢ higher at $5.49 1/4. July corn futures closed 9¢ higher at $5.37 1/2. New crop December corn futures ended unchanged at $4.78 3/4.

May soybean futures settled 6 1/4¢ higher at $14.19 1/2. July soybean futures settled 7 3/4¢ higher at $14.10 3/4. New crop November soybean futures closed 1/4¢ higher at $12.44.

May wheat futures closed 6 1/2¢ higher at $6.45.


May soymeal futures settled $6.70 short term higher at $407.40.


May soy oil futures closed 0.27 lower at 55.09¢ per pound.

In the outside markets, the NYMEX crude oil market is -0.16 lower (-0.24%) at $65.45. The U.S. dollar is higher, and the Dow Jones Industrials are 91 points higher (+0.69%) at 32,853 points.

Mike

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At midday:

At midsession, the May corn futures are 10 1/4¢ higher at $5.49 1/4. July corn futures are 9¢ higher at $5.37 1/2. New crop December corn futures are 1¢ lower at $4.77 3/4.

May soybean futures are 8 1/4¢ higher at $14.21. July soybean futures are 9 1/4¢ lower at $14.11 3/4. New crop November soybean futures are 2 1/2¢ higher at $12.46 1/4.

May wheat futures are 4 1/4¢ higher at $6.42 1/4.


May soymeal futures are $5.50 short term higher at $406.20.


May soy oil futures are 0.03 lower at 55.33¢ per pound.

In the outside markets, the NYMEX crude oil market is -0.36 lower (-0.55%) at $65.25. The U.S. dollar is higher, and the Dow Jones Industrials are 25 points higher (+0.08%) at 32,804 points.

 

 

A reversal.

 

Mike

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At 8:45am;

 

Ag markets start the week weaker.

 

Mike

 

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5 Replies
Hobbyfarmer
Honored Advisor

Re: Floor Talk March 15, 2021

Got call from eplant this am 

Had a push bid for April/May

Sold them one hrs worth...

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Re: More than 30" in a month & 1/2

What’s your opinion on the multi year outlook? I am reading that ag prices are going a lot higher 

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roarintiger1
Honored Advisor

Re: More than 30" in a month & 1/2

Hobby, I know that 32 inches of rain in a short time would take out almost every crop here in Ohio. I know that Brazil’s soils will take a lot of water, but 32 inches? Geez

The marketplace in the U.S. is very complacent. 

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Hobbyfarmer
Honored Advisor

Re: More than 30" in a month & 1/2

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