Floor Talk March 30
The markets are closed today in observance of Good Friday, but there's a lot to talk about. First, how yesterday's prospective plantings report that showed both beans and corn on less than 90 million acres? Do you believe that? The quarterly grain stocks report showed we have a lot of everything, which wasn't much of a surprise. But what was overlooked, oddly, was the export sales report, which showed that China didn't buy any old-crop beans last week. Usually they're the biggest buyer on the list, so it was conspicuous that they were absent. While beans weren't on the list of items on which China would impose tariffs, they may be trying to make a point. Finally, in weather news, the giant storm that stretched from Texas to Ohio seems to have broken up, but it's left a mess in its wake. In the northern Plains, they're dealing with yet another winter storm that could dump as much as a foot of snow in some areas. Check out the details in today's 3 Big Things
Brent Crude Oil = up 0.8%.
West Texas Intermediate = up 0.8%.
Dollar = down 0.3%
Wall Street = U.S. stock markets closed.
World Markets = Global stocks mixed overnight, EU closed.