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Contributor

Floor Talk - November 21

Happy Friday! Great news to close the markets this week. 

 

At the close:

 

The December corn futures are trading 1/2 of a cent lower at $3.72 3/4 per bushel.
January soybean futures are trading 18 1/2 cents higher at $10.39.
December wheat futures are unchanged at $5.47 1/4.

 

In the outside markets, the crude oil is $0.65 per barrel higher to $76.50, the dollar is higher, and the Dow Jones Industrials are 78 points higher to 17,797.

 

"USDA reported net export sales for the week ending November 13 totaled 908,700 MT, which was more than 200,000 MT above the highest trade estimate," says Alan Brugler, market analyst. "That along with the bigger ethanol grind and higher soybean meal got a bullish reaction out of the market."

 

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At 10:50 a.m.

 

The December corn futures are trading 4 1/4 cents higher at $3.77 1/2 per bushel.
January soybean futures are trading 2 1/2 cents higher at $10.23.
December wheat futures are trading 4 cents higher at $5.51 1/4.

 

In the outside markets, the crude oil is $0.24 per barrel higher to $76.09, the dollar is higher, and the Dow Jones Industrials are 113 points higher to 17,832.

 

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At the open:

The December corn futures are trading 3/4 of a cent lower at $3.72 1/2 per bushel.
January soybean futures are trading 7 1/2 cents higher at $10.28.

December wheat futures are trading 1 1/2 cents lower to $5.45 3/4.

In the outside markets, the crude oil is $0.72 per barrel higher to $76.57, the dollar is higher, and the Dow Jones Industrials are 155 points higher to 17,874. Stocks are surging as China central bank unexpectedly cut rates to boost its growth.

 

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At 7:15 am:


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

 

Trackers:
Overnight grain, soybean markets = Trading slightly lower.
Crude Oil = $1.50 higher per barrel to $77.35.
Dollar = Higher
Wall Street = Trading higher. Dow is up 147 point to 17,841.
World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.

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