Floor Talk November 12

[marketeye]

At the close:

At the close, the Dec. corn futures finished 1/4 of a cent lower at $3.62.  Nov. soybean futures went off the board 3/4 of a cent higher at $8.69. 
Dec. wheat futures closed 3 1/4 cents higher at $4.98. 
Dec. soymeal futures ended $2.60 per short ton lower at $291.40. Dec. soyoil futures settled $0.26 higher at $27.44.  
In the outside markets, the Crude oil market is $1.37 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 217 points lower.

Mike

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At mid-day:

At mid-day, the Dec. corn futures are trading 1 cents lower at $3.61.  Nov. soybean futures are trading 2 cents higher at $8.70.
Dec. wheat futures are trading 1 1/2 cents higher at $4.96. 
Dec. soymeal futures are $1.50 per short ton lower at $292.50. Dec. soyoil futures are trading $0.12 higher at $27.30.  
In the outside markets, the Crude oil market is $1.23 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 180 points lower.

Mike

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At 7:25am:

Early calls: Corn 1-2 cents lower, soybeans 1-2 cents lower and wheat 1-2 cents higher.

Trackers:
Overnight grain, soybean markets = Trading mixed.
Brent Crude Oil = $0.14 lower.
Dollar =Higher.  
Wall Street = Seen mixed on jobs data and Fed comments.

World Markets = Europe stocks were mostly higher, Asia/Pacific stocks were mixed.

More in a minute,

Mike

[annammcconnel]

The USDA just posted this:

Embargoed Until 9:00 A.M. Eastern Time

Private Exporters Report Sales Activity for China

WASHINGTON, Nov. 12, 2015-Private exporters reported to the U.S. Department of Agriculture export sales of 300,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

The marketing year for soybeans began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3 P.M. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.