Floor Talk May 3
At the close:
At the close, the July corn futures finished 2 1/2¢ higher at $3.74 3/4, while December futures finished 2 1/4¢ higher at $3.92 1/4. July soybean futures finished 6 1/23¢ higher at $9.75, November soybean futures closed 5 1/4¢ higher at $9.70. July wheat futures finished unchanged at $4.54. July soy meal futures settled $3.80 per short ton higher at $318.80. July soy oil futures finished $0.05 lower at 32.57¢ per pound. In the outside markets, the Brent crude oil market is $0.27 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 20 points lower.
The Fed leaves interest rate unchanged. What says you?
At mid-session, the July corn futures are 3/4¢ higher at $3.73, while December futures are 3/4¢ higher at $3.90. July soybean futures are 2 3/4¢ higher at $9.71, November soybean futures are 2 1/2¢ higher at $9.67. July wheat futures are 2 3/4¢ lower at $4.51. July soy meal futures are $2.20 per short ton higher at $317.20. July soy oil futures are $0.07 lower at 32.55¢ per pound. In the outside markets, the Brent crude oil market is $0.14 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 16 points lower.
According to EIA data Wednesday, last week's ethanol production averaged 986,000 barrels per day (b/d)—or 41.41 million gallons daily. That is down 1,000 b/d from the week before. The four-week average for ethanol production decreased for the fifth consecutive week, landing at 988,000 b/d for an annualized rate of 15.146 billion gallons.
Contrary to most expectations, stocks of ethanol diminished only slightly from last week. Stocks decreased just 0.4% to 23.2 million barrels, 7.4% higher than year-ago levels.
In early trading, the July corn futures are unchanged at $3.72, while December futures are unchanged at $3.90. July soybean futures are 4 3/4¢ higher at $9.73, November soybean futures are 4 1/2¢ higher at $9.69. July wheat futures are 4 1/2¢ lower at $4.49. July soy meal futures are $3.90 per short ton higher at $318.90. July soy oil futures are $0.12 lower at 32.50¢ per pound. In the outside markets, the Brent crude oil market is $0.13 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 32 points lower.
Oddly I put this through this morning but it doesn't look like it took, so here we go again:
Wheat futures were lower after the Kansas Wheat Tour pegged yields higher than expected, with the caveat that we don't know how much the snow storms over the weekend hurt the state's crop. HRW futures lost 8 cents, corn was down a penny and soybeans were little changed. Dow and DuPont's merger was approved in China, conditionally, and in weather news, it looks like more rain and flash floods in the central Midwest. Parts of southwestern Missouri and surrounding areas are going to see more precip today, which will only worsen conditions.
Here's what happened overnight:
Brent Crude Oil = up 0.8%.
West Texas Intermediate Crude Oil = up 0.6%.
Dollar = up 0.1%.
Wall Street = U.S. stock futures lower in pre-market trading.
World Markets = Global stocks lower as Japan gets back from holiday.
Re: Floor Talk May 3
It's sad - You can't even read the marketing page and there is still some sore ***** Deorat still pizzing and moaning - Just shaken my head here - Glad I don't visit any of the sites I use too .
BTW - that's probable why your blue state is getting all this rain : )) You know - An executive order - or what ever was just signed --- : )) Better start being nice .
Re: Floor Talk May 3
Yep Ken....appears just another Butthurt Illinois Libtard wishing for the days of Cankles Clintoon and her Rapist husband with one of their hands on the controls of power and the other in our pockets funneling it into the Clinton Foundation....