At midsession:
At midsession, the May corn futures are 3 3/4¢ lower at $5.54. July corn futures are 6 1/2¢ lower at $5.36 1/2. New crop December corn futures are 4 1/41¢ lower at $4.71.
May soybean futures are 6 1/4¢ lower at $14.11 1/2. July soybean futures are 8¢ lower at $13.98. New crop November soybean futures are 14 1/2¢ lower at $12.21 1/2.
May wheat futures are 8 1/2¢ lower at $6.31 1/2.
May soymeal futures are $0.30 short term lower at $404.60.
May soy oil futures are $0.71 lower at 53.89¢ per pound.
In the outside markets, the NYMEX crude oil market is -2.72 lower (-4.21%) at $61.88. The U.S. dollar is higher, and the Dow Jones Industrials are 176 points higher (+0.53%) at 33,191 points.
Mike
----
At 8:45am:
Corn market remains quiet, despite more sales to China Thursday.
Mike
---------
At 8am:
Separately, the USDA’s Weekly Export Sales Report Thursday shows weak demand figures for soybeans while corn beat expectations.
Corn= 1.22 million metric tons (mmt.) vs. the trade expectations of 300,000-1.10 mmt.
Soybeans= 202,400 mt. vs. the trade's expectation of 200,000-800,000 mt.
Wheat= 390,100 mt.
Soybean meal= 234,600 mt.
What say you?
Mike
