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marketeye
Veteran Advisor

Floor Talk May 10, 2021

At the close:

At the close, the July corn futures finished 20 1/2¢ lower at $7.11 1/2. New crop September futures finished 25 3/4¢ lower at $6.29 1/2. December corn futures closed 27 1/4¢ lower at $6.09.

July soybean futures settled 2¢ lower at $15.87 3/4. August soybean futures ended 8 3/4¢ lower at $15.28 1/2. New crop November soybean futures closed 19 1/2¢ lower at $14.14 1/4.

July wheat futures finished 31 3/4¢ lower at $7.30 3/4.

July soymeal futures closed $0.50 per short ton higher at $442.30.


July soy oil futures settled $0.64 lower at 63.84¢ per pound.

In the outside markets, the NYMEX crude oil market is -0.11 lower (-0.17%) at $64.79. The U.S. dollar is higher, and the Dow Jones Industrials are 103 points higher (+0.30%) at 34,881 points, a record-high.

Mike

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At 9am:

Ag markets dip Monday.

 

Mike

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4 Replies
illinifarmer
Advisor

Re: Floor Talk May 10, 2021

Frost warnings and multiple inches of rain in most of the central corn belt.  All these poor farmers that thought it was a good idea to get started early and with the soybeans to boot.  I’m sure there’s a reason the market is down with the recent rallies, however the movement sure doesn’t reflect what is going on in your back yard.  Frost tonight and tomorrow night here with more mild temperatures and rain coming, good luck out there fellas.

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roarintiger1
Honored Advisor

Re: Floor Talk May 10, 2021

It’s May 10th. Do you know where your seed is?

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Hobbyfarmer
Honored Advisor

Re: Floor Talk May 10, 2021

Yep

Corn all up

Beans:

1/2 of them are up so I can see the seed. (It turned green)

Other half are in cold mud.

Should have ordered them with that parka seed coat?

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Canuck_2
Senior Contributor

Re: Floor Talk May 10, 2021

Since you asked, my seed is still in the bag.

It is growing just as fast there as the neighbours that is in the ground.

Soil temp this morning is 7C at 11am

Cold wind and cloud, not going to warm much more with air temp still at 8C