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Floor Talk November 13, 2020
At the close:
At the close, the Dec. corn futures finished 2 1/4¢ higher at $4.10 3/4. March corn futures settled 1 1/4¢ higher at $4.19.
January soybean futures closed 2 1/2¢ higher at $11.48 1/2. March soybean futures closed 3 3/4¢ higher at $11.48.
Dec. wheat futures closed 5 1/2¢ higher at $5.93 1/2.
Dec. soymeal futures settled unchanged at $388.10.
Dec. soy oil futures closed 0.20 cent higher at 37.25¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.95 per barrel lower (-2.31%) at $40.17. The U.S. dollar is lower, and the Dow Jones Industrials are 377 points higher (+1.30%) 29,457 points.
Mike
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At midsession:
At midsession, the Dec. corn futures are 2¢ higher at $4.10 3/4. March corn futures are 1 1/4¢ higher at $4.19.
January soybean futures are 7 3/4¢ higher at $11.53 1/2. March soybean futures are 7 3/4¢ lower at $11.52 1/2.
Dec. wheat futures are 5 1/2¢ higher at $5.93 1/2.
Dec. soymeal futures are $1.00 per short ton higher at $389.10.
Dec. soy oil futures are 0.20 cent higher at 37.25¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.84 per barrel lower (-2.04%) at $40.28. The U.S. dollar is lower, and the Dow Jones Industrials are 281 points higher (+0.97%) 29,361 points.
Mike
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At 9am:
Mike
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Re: Floor Talk November 13, 2020
So.........big run up in prices after the bullish report. Then, a big decline because......well, anyone?
Looks like China got yet another buying opportunity.
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Say corn toward $550
Maybe 6 plus too.
Beans to mid to 12s ...and maybe the Teens.