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Floor Talk - November 20

At the close:

The December corn futures are trading 10 cents higher at $3.73 1/4 per bushel.
January soybean futures are trading 15 3/4 cents higher at $10.20 1/2.
December wheat futures are trading 9 1/2 cents higher at $5.47 1/4.

 

In the outside markets, the crude oil is $1.00 per barrel higher to $75.58, the dollar is slightly higher, and the Dow Jones Industrials are 15 points lower to 17,700. U.S. jobless claims are at the lowest they’ve been since 2000.

 

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At the open:

The December corn futures are trading 2 1/4 cents higher at $3.65 1/2 per bushel.
January soybean futures are trading 2 cents higher at $10.06 3/4.

December wheat futures are trading 4 1/2 cents lower at $5.33 1/4.

In the outside markets, the crude oil is $0.44 per barrel higher to $74.90, the dollar is lower, and the Dow Jones Industrials are 80 points lower to 17,605. U.S. jobless claims are at the lowest they’ve been since 2000.


Export Sales

 

Corn expected: 350,000 MT to 700,000 MT
Corn actual: 908,700 MT

 

Soybean expected: 600,000 MT to 1.12 MMT
Soybean actual: 483,000 MT (SB Meal: 265,700 MT)

 

For the full Export Sales report: http://apps.fas.usda.gov/export-sales/esrd1.html.

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At 7:17 am:

 

Early calls: Corn is 1-3 cents higher, soybeans 5-7 cents higher and wheat 2-4 cents lower.

 

Trackers:
Overnight grain, soybean markets = Trading mostly higher.
Crude Oil = $0.16 lower per barrel to $74.42.
Dollar = Higher
Wall Street = Mostly lower. Dow is down 68 point to 17,589.
World Markets = Europe stocks were lower, Asia/Pacific stocks were mostly higher.

 

Export sales report is coming out this morning. Check back in for numbers and reactions.

 

Corn Expectation: between 350,000 MT to 700,000 MT
Soybean Expectation: 600,000 MT to 1.12 MMT

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