At the close:
At the close, the Dec. corn futures settled 2 1/2 cents higher at $3.64 1/4. January soybean futures closed 2 1/4 cents higher at $8.60.
March wheat futures finished 7 1/4 cents higher at $4.92 1/4.
Dec. soymeal futures closed$1.00 per short ton higher at $286.60. Dec. soyoil futures closed $0.11 higher at $27.55.
In the outside markets, the Crude oil market is $0.02 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 9 points higher.
Mike
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At mid-session:
At mid-session, the Dec. corn futures are trading 1/4 of a cent lower at $3.61. January soybean futures are trading 3 1/4 cents higher at $8.61.
Dec. wheat futures are trading 3 1/2 cents higher at $4.86, March wheat futures are 2 3/4 cents higher at $4.87.
Dec. soymeal futures are $1.50 per short ton higher at $287.10. Dec. soyoil futures are trading $0.06 higher at $27.50.
In the outside markets, the Crude oil market is $0.15 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 13 points lower.
Mike
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At the open:
At the open, the Dec. corn futures are trading 2 cents higher at $3.63. January soybean futures are trading 1 cent lower at $8.56.
Dec. wheat futures are trading 3 cents higher at $4.86.
Jan. soymeal futures are $0.10 per short ton higher at $285.80. Dec. soyoil futures are trading $0.03 higher at $27.47.
In the outside markets, the Crude oil market is $0.15 lower per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 53 points lower.
Mike
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At 7:55am:
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At 7:40am:
USDA Weekly Export Sales shows real strong soybean sales:
Corn= 779,800 mt vs. the trade's expectations of 450,000-750,000 metric tons.
Soybeans= 1.79 million metric tons vs. the trade's expectations of 600,000-1,125,000 mt.
Wheat= 721,900 mt vs. the trade's expectations of 200,000-350,000 mt.
Soybean meal= 247,300 mt vs. the trade's expectations of between 175,000-300,000 mt.
What do you think about the numbers?
Mike
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Early calls: Corn 1-2 cents higher, soybeans 4-6 cents lower and wheat 1-2 cents higher.
Trackers:
Overnight grain, soybean markets = Trading mostly higher.
Brent Crude Oil = $0.59 lower.
Dollar =Lower.
Wall Street = Seen higher, amid data and Fed speakers.
World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.
More in a minute,
Mike
