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05-14-2018 07:03 AM - last edited on 05-14-2018 01:42 PM by marketeye
At the close:
At the close, the July corn futures finished steady at $3.96. December futures ended 1/4¢ lower at $4.14. July soybean futures settled 14 1/2¢ higher at $10.17 3/4. November soybean futures finished 9¢ higher at $10.23. July wheat futures closed 7 1/2¢ lower at $4.91. July soy meal futures finished $9.00 per short ton higher at $387.60. July soy oil futures finished 0.06 lower at 31.25¢ per pound. In the outside markets, the NYMEX crude oil market is $0.24 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 81 points higher.
At mid-session, the July corn futures are 1/2¢ lower at $3.96. December futures 1/2¢ lower at $4.14. July soybean futures are 13 3/4¢ higher at $10.17. November soybean futures are 9 1/4¢ higher at $10.23. July wheat futures are 7 1/2¢ lower at $4.91. July soy meal futures are $5.50 per short ton higher at $384.10. July soy oil futures are 0.15 higher at 31.46¢ per pound. In the outside markets, the NYMEX crude oil market is $0.37 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 148 points higher.
In early trading, the July corn futures are 1/4¢ lower at $3.96. December futures 1/2¢ lower at $4.14. July soybean futures are 12 1/2¢ higher at $10.15. November soybean futures are 9¢ higher at $10.23. July wheat futures are 5 1/2¢ lower at $4.93. July soy meal futures are $4.70 per short ton higher at $383.30. July soy oil futures are 0.03 higher at 31.34¢ per pound. In the outside markets, the NYMEX crude oil market is $0.13 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 122 points higher.
Wheat futures declined overnight on continued concerns about rising U.S. production. The USDA last week said total wheat output would rise 5% despite the woes producers are facing in the southern Plains. The spring and durum crops are forecast to rise 34%, more than offsetting losses in winter output. Wheat lost 4-5 cents, corn was down a penny while soybeans rose 4 cents. In weather news, it's going to be rainy in much of southern Michigan with flooding possible as another 1-3 inches of precipitation are expected. In other news, money managers raised their net-long positions, or bets on higher prices, for corn while lowering bullish bets on beans. Check out all the details in today's 3 Big Things.
West Texas Intermediate = up 0.1%.
Brent Crude = up 0.1%
Dollar = down 0.3%.
Wall Street = U.S. stock mixed pre-market.
World Markets = Global stocks mixed overnight.
05-14-2018 09:28 AM
How's everyone's crops doing? Here in NW Ohio, (in my neighborhood) corn planting is probably 90% complete and 25% emerged. Soybeans are probably about 40% complete and 5% emerged. My corn is 100% and beans are only 5% planted. It is wet right here at the moment with an inch or so of rain over the weekend. Places both north and south of me are really dry or really wet. It certainly is not a perfect start, but no disaster yet either.
FWIW, I mowed the lawn on Friday, and it needs it again today. Just hope it will need mowed in July and August.
05-14-2018 10:47 AM
05-14-2018 12:19 PM
All corn planted here and most up. 70% of beans planted, haven't seen any up yet. Everything has their feet wet with 5.65" in the past 15 days. Most of that in the past week. There will be some replant corn when we can get in. Tiles went from a trickle to full blast. Gladly share some rain to you Kansas folks who need it. Central IA.
Oh yes, my potatoes, radishes, and Spring onions are up. Hard to beat a radish sandwich with butter and salt!!
05-14-2018 12:23 PM