Floor Talk, November 16, 2018

[marketeye]

At midsession:

At midsession, the December corn futures are 3 3/4¢ lower at $3.63 3/4. March futures are 3 1/2¢ lower at $3.74 3/4.
 
January soybean futures are 6 1/2¢ lower at $8.82 1/4. March soybean futures are 6 1/2¢ lower at $8.95 3/4.


 
December wheat futures are even at $5.05.



December soymeal futures are 1.60¢ per short ton higher at $307.00.

 December soy oil futures are 0.40 lower at 27.29¢ per pound.


In the outside markets, the NYMEX crude oil market is $0.31 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 13 points higher.

Mike

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At 9:18am:

If you missed it, the USDA released its delayed Weekly Export Sales Report Friday. Here are the totals:

Corn= 893,900 metric tons, up 27 percent from the previous week and 95 percent from the prior 4-week average. The trade expected between 500,000-1,000,000 mt.

Soybeans= 470,900 mt. up 47 percent from the previous week and 54 percent from the prior 4-week average. The trade expected between 400,000-700,000 mt.

Wheat= 438,300 mt., down 34 percent from the previous week and 18 percent from the prior 4-week average. The trade expected sales between 400,000-650,000 mt.

What say you?

Thanks,

Mike

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At 8:50am:

In early trading, the December corn futures are 1 3/4¢ lower at $3.66. March futures are 1¢ lower at $3.77.
 
January soybean futures are 1¢ higher at $8.89. March soybean futures are 3/4¢ higher at $9.03.


 
December wheat futures are 1 3/4¢ higher at $5.07.





December soymeal futures are 2.90¢ per short ton higher at $308.30.

 December soy oil futures are 0.16 lower at 27.53¢ per pound.




In the outside markets, the NYMEX crude oil market is $1.05 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 22 points lower.

Mike