At the close:
At the close, the May futures finished 1/4¢ lower at $3.71 1/4. July futures finished even at $3.80 3/4.
May soybean futures settled 1 3/4¢ lower at $9.04. July soybean futures settled 1 3/4¢ lower at $9.17 1/2.
May wheat futures closed 1/4¢ lower at $4.56 1/2.
May soymeal futures finished 1.00 per short ton higher at $310.80.
May soy oil futures closed 0.20 lower at 29.24¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.16 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 60 points lower.
Mike
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At midsession:
At midsession, the May futures are 3 1/4¢ lower at $3.68. July futures are 3 1/4¢ lower at $3.77.
May soybean futures are 3 1/4¢ lower at $9.02 1/2. July soybean futures are 3¢ lower at $9.16 1/4.
May wheat futures are 1 3/4¢ lower at $4.55.
May soymeal futures are 0.70 per short ton higher at $310.50.
May soy oil futures are 0.25 lower at 29.19¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.17 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 147 points higher.
Mike
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At 9:35am:
In early trading, the May futures are 1/4¢ higher at $3.71. July futures are 1/2¢ higher at $3.81.
May soybean futures are 1 3/4¢ higher at $9.07 1/2. July soybean futures are 2¢ higher at $9.21 1/4.
May wheat futures are 4¢ higher at $4.60 3/4.
May soymeal futures are 2.00 per short ton higher at $311.80.
May soy oil futures are 0.12 lower at 29.32¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.19 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 88 points higher.
Al Kluis, Kluis Advisors, says that the outside markets could lead the way higher.
“With crude oil and ethanol making new highs for 2019 on Monday, corn prices will eventually move higher,” Kluis told customers in a daily note.
He added, “Will the low for the week in the grain markets come in on Monday or early Tuesday, with the high on Thursday or Friday again this week? That pattern could signal a possible change of trend. A close today or later this week above $3.75 in May Corn and $9.12 in May soybeans will be a positive signal for corn and soybean prices."
Mike
