At the close:
The December corn futures settled 8 1/2 cents higher at $3.86 per bushel.
January soybean futures finished 5 3/4 cents higher at $10.53.
December wheat futures settled 11 cents higher at $5.53.
For Dec. soybean meal futures, the contract closed $1.50 per short ton lower at $393.50; Dec. soybean oil futures closed $0.15 lower at $32.07.
In the outside markets, the crude oil is $1.79 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 8 points higher.
Mike
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At mid-day:
The December corn futures are trading 8 1/4 cents higher at $3.86 per bushel.
January soybean futures are trading 6 cents higher at $10.53.
December wheat futures are trading 13 3/4 cents higher at $5.56.
For Dec. soybean meal futures, the contract is $4.00 per short ton higher at $399.00; Dec. soybean oil futures are trading $0.19 lower at $32.03.
In the outside markets, the crude oil is $2.03 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 16 points higher.
Mike
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At 10am:
It's been talked about that the transportation issues of getting soymeal from the Midwest to the U.S. Southeast has helped meal's rally. Today, the EIA released this statement that I thought you might find interesting:
The U.S. Energy Information Administration’s (www.eia.gov) new “Today in Energy” brief looks at the big increase in rail carloadings of oil and petroleum products.
“Crude oil and petroleum products had the second-biggest increase in carloadings through the first 10 months of this year, with these shipments occurring in parts of the country where there is also strong demand to move coal and grain by rail. In response to shipper concerns over the slow movement of crude oil, coal, grain, ethanol, and propane, federal regulators are closely tracking service among the major U.S. freight railroad companies.”---EIA
What do you think?
Mike
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At 9am;
In early trading:
The December corn futures are trading 5 1/4 cents higher at $3.83 per bushel.
January soybean futures are trading 18 cents higher at $10.65.
December wheat futures are trading 6 cents higher at $5.48.
For Dec. soybean meal futures, the contract is $10.10 per short ton higher at $405.10; Dec. soybean oil futures are trading $0.16 higher at $32.38.
In the outside markets, the crude oil is $1.34 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 47 points higher.
Mike
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At 8am:
Due to Veterans Day Holiday, Export Sales will be released Friday.
Mike
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At 7:53am:
Early calls: Corn is 2-4 cents higher, soybeans 3-5 cents higher and wheat 1-2 cents higher.
Trackers:
Overnight grain, soybean markets = Trading higher.
Brent Crude Oil = $1.64 lower per barrel.
Dollar = Lower
Wall Street = Seen higher, as Wal-Mart's 3rd Quarter earnings beat expections.
World Markets = Europe stocks were lower, Asia/Pacific stocks were mostly higher.
More in a minute,
Mike
