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Floor Talk - March 18

Good Morning!

 

Sorry for the late start to the day... Internet decided to be a bit moody at my place this morning. Don't we love technology?

 

At the close, the May corn futures are trading 3 3/4 cents higher at $3.74 3/4 per bushel.
May soybean futures are trading 10 1/2 cents higher at $9.65.
The May wheat futures are 7 1/4 cents higher at $5.10 3/4.

The May soyoil futures are trading $0.59 higher at $30.63. The May soymeal futures are trading $3.30 per short ton higher at $320.80.

The Feds released a statement today indicating rate hikes are coming, but not in April. When the central bank used the word 'patient' stocks went on an immediate rally, sending Dow over 18000.

 

In the outside markets, the Brent crude oil market is $2.47 higher per barrel to $55.93, the U.S. dollar is lower, and the Dow Jones Industrials are 172 points higher to 18021.

 

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At the open, the May corn futures are trading 1 1/2 cents higher at $3.72 1/2 per bushel.
May soybean futures are trading 4 3/4 cents higher at $9.59 1/4.
The May wheat futures are 4 cents higher at $5.07 1/2.

 

The May soyoil futures are trading $0.32 higher at $30.36. The May soymeal futures are trading $1.40 per short ton higher at $318.90.

 

In the outside markets, the Brent crude oil market is $.66 lower per barrel to $52.85, the U.S. dollar is lower, and the Dow Jones Industrials are 88 points lower to 17760.

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