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Veteran Contributor

Floor Talk November 1

At the close:

At the close, the Dec. corn futures finished 2 1/2¢ higher at $3.48 1/4. March futures ended 2 1/4¢ higher at $3.62. Jan. soybean futures settled 6 1/2¢ higher at $9.91 1/4, trading as high as a dime higher.  March soybean futures closed 6 1/2¢ higher at $10.01 1/2. December wheat futures ended 1/2¢ lower at $4.18. Dec. soy meal futures finished $1.80 per short ton higher at $313.60. Dec. soy oil futures closed 0.15¢ higher at 34.90¢ per pound.  In the outside markets, the Brent crude oil market is $0.16 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 64 points higher.

 

Mike

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At mid-session:

At mid-session, the Dec. corn futures are 2 1/4¢ higher at $3.48. March futures are 2 1/4¢ higher at $3.62. Jan. soybean futures are 8 3/4¢ higher at $9.86, trading as high as a dime higher.  March soybean futures are 8 3/4¢ higher at $10.03. December wheat futures are 1/4¢ higher at $4.18. Dec. soy meal futures are $1.60 per short ton higher at $313.40. Dec. soy oil futures are 0.25¢ higher at 35.00¢ per pound.  In the outside markets, the Brent crude oil market is $0.16 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 40 points higher.

 

Mike

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In early trading:

At 9:25am, the Dec. corn futures are 2 1/4¢ higher at $3.48. March futures are 2 1/4¢ higher at $3.62. Jan. soybean futures are 1 1/4¢ higher at $9.86.  March soybean futures are 1 1/4¢ higher at $9.96. December wheat futures are 2 3/4¢ higher at $4.21. Dec. soy meal futures are $0.90 per short ton lower at $310.90. Dec. soy oil futures are 0.18¢ higher at 34.93¢ per pound.  In the outside markets, the Brent crude oil market is $0.62 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 131 points higher.

 

Mike

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Soybeans and corn were again little changed overnight as the fundamentals haven't moved much recently. The harvest rolls on, but corn collection is still behind, while yields are still reportedly strong. Beans were up about 2 cents, corn was up about a penny while wheat was down 1-2 cents. Sen. Grassley from Iowa told reporters yesterday that exiting NAFTA altogether would be a bad move for U.S. growers, and said he's warned his fellow senators that such a move could further curb already low crop prices. In weather news, it's going to be snowy and cold in parts of Indiana and Ohio through the weekend. Check out all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-november-1.

 

Brent Crude Oil = up 1.2%

West Texas Intermediate = up 1%

Dollar = up 0.1%.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks higher overnight.

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