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Floor Talk March 19, 2021
At midday:
At midday, the May corn futures are 10 1/2¢ higher at $5.57 1/2. July corn futures are 7¢ higher at $5.37 1/4. New crop December corn futures are 2¢ higher at $4.70 1/4.
May soybean futures are 24 1/2¢ higher at $14.16 1/2. July soybean futures are 22 1/2¢ higher at $14.03 1/2. New crop November soybean futures are 16 1/4¢ higher at $12.22 1/2.
May wheat futures are 3¢ lower at $6.27 1/2.
May soymeal futures are $8.60 short term higher at $406.80.
May soy oil futures are $0.46 higher at 53.98¢ per pound.
In the outside markets, the NYMEX crude oil market is +1.12 higher (+1.87%) at $61.12. The U.S. dollar is higher, and the Dow Jones Industrials are 123 points lower (-0.37%) at 32,739 points.
Mike
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At 8:45am:
Ag markets make a move higher Friday.
China buys U.S. corn for a FOURTH day in a row. All in four the week, China has bought over 122 million bushels of U.S. corn.
What say you?
Mike
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Re: Floor Talk March 19, 2021
Its a start..... and corn is certainly more stable than US dollars.
In Biden terms....... corn has the support of the American public..... and the US dollar is being manipulated politically
Spend those $$$ as fast as you can and get something real for them. might be the in the works.
Hope we can feed ourselves something with calories.
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Re: Floor Talk March 19, 2021
So........is China trying to live up to their Trump deal? Or just kissing Biden's ***?
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Re: Floor Talk March 19, 2021
IMO....... It is simply exchanging the pile of dollars collected for a better value commodity.
Lets just hope usda can deliver their bushels.