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Floor Talk - May 4

Soybeans had a solid double-digit rally today. At the close, this is how we're sitting:

 

 

The July corn futures are trading 1 3/4 cents lower at $3.61 1/4 per bushel.
July soybean futures are trading 11 1/2 cents higher at $9.76 1/4.
July wheat futures are trading 1 1/4 cents lower at $4.72 3/4.

 

July soymeal futures are trading $1.10 per short ton higher at $313.00. July soyoil futures are $1.05 higher at $32.63.

 

In the outside markets, the Brent Crude oil market is $0.04 lower per barrel to $66.42, the U.S. dollar is higher, and the Dow Jones Industrials are 77 points higher at 18101.

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Good Morning!

 

Mike's out sick, so I'll be covering markets today.

 

Here's what we're seeing this morning at the open:

 

The July corn futures are trading 2 1/4 cents lower at $3.60 3/4 per bushel.
July soybean futures are trading 5 cents higher at $9.72 3/4.
July wheat futures are trading 5 cents lower at $4.69.

 

July soymeal futures are trading $1.20 per short ton lower at $310.70. July soyoil futures are $0.40 higher at $31.98.

 

In the outside markets, the Brent Crude oil market is $0.14 lower per barrel to $66.32, the U.S. dollar is higher, and the Dow Jones Industrials are 70 points higher at 18094.

 

More soon!

 

Jordan

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Mizzou_Tiger
Senior Advisor

Re: Floor Talk - May 4

isnt he running out of sick days