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marketeye
Veteran Advisor

Floor Talk May 27, 2021

At the close:

At the close, the July corn futures closed at its daily limit up of 40¢ at $6.64 1/2. New crop September futures closed 36¢ higher at $5.83 1/4. December corn futures ended 32 1/2¢ higher at $5.53 1/4.

July soybean futures closed 33 1/4¢ higher at $15.36 1/4. August soybean futures ended 34 3/4¢ higher at $14.87 3/4. New crop November soybean futures closed 30¢ higher at $13.77 1/2.

July wheat futures closed 27 3/4¢ higher at $6.76 1/2.


July soymeal futures settled $6.50 per short ton higher at $390.30.


July soy oil futures closed $1.13 higher at 66.81¢ per pound.

In the outside markets, the NYMEX crude oil market is +0.44 higher (+0.66%) at $66.65. The U.S. dollar is lower, and the Dow Jones Industrials are 111 points higher (+0.32%) at 34,434 points.

 

Mike

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At midsession:

 

Corn is up 32¢, soybeans rise 31¢ Thursday.

 

Mike

 

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roarintiger1
Honored Advisor

Re: Floor Talk May 27, 2021

This is certainly news worthy. It’s obvious that demand has not gone away and prices are not high enough to curb demand. Every break has been met with new buying. Our crops have been “on sale “ for a long time. 

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