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Veteran Advisor

Floor Talk November 10, 2020 (Report Day)

At the close:

 

At the close, the Dec. corn futures finished 15 1/4¢ higher at $4.23. March corn futures ended 15 1/2¢ higher at $4.31.

January soybean futures closed 35 3/4¢ higher at $11.46 1/4. March soybean futures closed 35 1/2¢ higher at $11.44.

Dec. wheat futures closed 11¢ higher at $6.08 1/2.

Dec. soymeal futures settled $10.70 per short ton higher at $394.80.


Dec. soy oil futures closed 0.58 cent higher at 36.06¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.10 per barrel higher (2.73%) at $41.39. The U.S. dollar is higher, and the Dow Jones Industrials are 241 points higher (+ 0.83%) at 29,399 points.

 

Mike

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At 11am:

 

USDA SAYS:

 

Corn, soybean ending stocks tighten and the market is rallying.

 

Mike

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At 8:45am:

The farm markets open higher, ahead of the USDA's Report Tuesday.

 

Mike

 

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Senior Advisor

Re: Only Nov. 10th and corn ending stocks already at 1.7 billion.

It's only Nov. 10th and already corn ending stocks at 1.7 billion bu.  And it's dry in South America as well.  This is going to be an interesting year.

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