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Veteran Advisor

Floor Talk November 23, 2020

At the close:

At the close, the Dec. corn futures finished 3 1/4¢ higher at $4.26 3/4. March corn futures closed 5¢ higher at $4.33.

January soybean futures closed 10 1/2¢ higher at $11.91 1/2. March soybean futures ended 11 1/4¢ higher at $11.92 1/2.
The Jan. futures soybean contract reached $12.00 per bushel, overnight, for the first time since June 10, 2016.

If futures move past $12.08 1/2, it would be the highest price since June 30, 2014, according to Reuters news service.

March wheat futures closed 5¢ higher at $6.04 1/2.

Jan. soymeal futures ended $0.50 per short ton higher at $393.00.


Jan. soy oil futures closed unchanged at 38.34¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.60 per barrel higher (+1.41%) at $43.02. The U.S. dollar is higher, and the Dow Jones Industrials are 264 points higher (+0.90%) 29,528 points.

 

Mike

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At midsession:

At midsession, the Dec. corn futures are 2 1/2¢ higher at $4.25 3/4. March corn futures are 4 1/4¢ higher at $4.32 1/2.

January soybean futures are 12¢ higher at $11.93. March soybean futures are 12 1/4¢ higher at $11.93 1/2.
The Jan. futures soybean contract reached $12.00 per bushel, overnight, for the first time since June 10, 2016.

If futures move past $12.08 1/2, it would be the highest price since June 30, 2014, according to Reuters news service.

March wheat futures are 5 1/2¢ higher at $6.05.

Jan. soymeal futures are $1.90 per short ton higher at $394.40.


Jan. soy oil futures are 0.41 cent higher at 38.75¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.50 per barrel higher (+1.18%) at $42.92. The U.S. dollar is higher, and the Dow Jones Industrials are 195 points higher (+0.66%) 29,456 points.

 

Mike

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At 8:45am:

 

$12 soybeans are here and corn is flying off of the shelves Monday.

 

Thanks,

 

Mike

 

1 Reply
Senior Advisor

Re:What more can we say but, "it's about time" and "Hooray"!

nt

 

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