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Veteran Advisor

Floor Talk November 18

At the close:

The December corn futures settled 5 1/2 cents lower at $3.72 per bushel.

 

January soybean futures finished 13 cents lower at $10.23.

December wheat futures closed 2 3/4 cents lower at $5.49.

For Dec. soybean meal futures, the contract ended $9.10 per short ton lower at $378.00; Dec. soybean oil futures settled $0.20 higher at $32.65.

 

In the outside markets, the crude oil is $1.07 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 77 points higher.

 

Mike

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At mid-session:

 

 

The December corn futures are trading 4 1/2 cents lower at $3.73 per bushel.

 

 

 

January soybean futures are trading 12 3/4 cents lower at $10.23.

December wheat futures are trading 4 cents lower at $5.47.

For Dec. soybean meal futures, the contract is $5.50 per short ton lower at $381.60; Dec. soybean oil futures are trading $0.23 higher at $32.68.

 

 

 

In the outside markets, the crude oil is $0.99 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 37 points higher.

 

Mike

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At the open:

The December corn futures are trading 2 1/2 cents lower at $3.75 per bushel.

 

January soybean futures are trading 4 cents lower at $10.32.

December wheat futures are trading 6 3/4 cents lower at $5.45.

For Jan. soybean meal futures, the contract is $.20 per short ton lower at $370.50; Dec. soybean oil futures are trading $0.22 higher at $32.67.

 

In the outside markets, the crude oil is $0.71 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 13 points higher.

 

 

 

Mike

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At 8am:

 

Private exporters reported to the U.S. Department of Agriculture export sales of 100,607 metric tons of soybeans for delivery to unknown destinations during the 2014/2015 marketing year. 

 

The marketing year for soybeans began Sept. 1.

 

Meanwhile, the talk is that 6 cargoes of U.S. soymeal, previously purchased (some by Europe), have been switched to South American soymeal. This is giving the trade pause about soymeal's ability to keep the market propped up.

 

Mike

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At 6:25am:

Early calls: Corn is 2-4 cents lower, soybeans 2-4 cents higher and wheat 2-4 cents lower.

Trackers:
Overnight grain, soybean markets = Trading mixed.
Brent Crude Oil = $0.07 lower per barrel.
Dollar = Lower
Wall Street = Seen mixed.
World Markets = Europe stocks were highrr, Asia/Pacific stocks were mostly higher.

 

 

More in a minute,

 

Mike

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2 Replies
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Veteran Advisor

Re: Floor Talk November 18

Watching paint dry is probably more exciting than the Bean market today.

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Senior Contributor

Re: Floor Talk November 18

Cash corn gained a penny here today must be some demand coming. -43 big crop ?

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