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Veteran Contributor

Floor Talk November 23

At the close:

At the close, the December corn futures finished are 1/4¢ lower at $3.50 3/4, while March futures settled 1/4¢ higher at $3.59 3/4 per bushel. January soybean futures closed 4 1/4¢ higher at $10.34 1/4, while March soybean futures closed 4 1/4¢ higher at $10.43. March wheat futures ended 5 3/4¢ lower at $4.04 1/2. January soy meal futures settled $8.80 short ton lower at $318.60. January soy oil futures closed $2.37 higher at 37.14¢ per pound.  In the outside markets, the Brent crude oil market is $0.09 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 33 points higher.

 

Mike

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At mid-session:

At mid-session, the December corn futures are 2¢ lower at $3.49, while March futures are 2¢ lower at $3.57 per bushel. January soybean futures are 3 3/4¢ higher at $10.33, while March soybean futures are 3 1/2¢ higher at $10.42. March wheat futures are 4 3/4¢ lower at $4.22. December soy meal futures are $9.30 short ton lower at $318.10. December soy oil futures are $2.32 higher at 37.09¢ per pound.  In the outside markets, the Brent crude oil market is $0.09 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 33 points higher.

 

Mike

 

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At the open:

At the open, the December corn futures are 3¢ lower at $3.48, while March futures are 2 3/4¢ lower at $3.56 per bushel. January soybean futures are 8¢ lower at $10.21, while March soybean futures are 8¢ lower at $10.30. March wheat futures are 5¢ lower at $4.22. December soy meal futures are $2.60 short ton lower at $322.40. December soy oil futures are $0.18 lower at 35.14¢ per pound.  In the outside markets, the Brent crude oil market is $0.38 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 10 points lower.

 

Mike

 

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Corn and soybeans were lower in overnight trading after four straight days of increases. Corn was down about 3 cents and beans were off by about 5 cents overnight. It's likely trading volume will be mild ahead of the Thanksgiving holiday. The hard-red winter wheat crop looks like it's off to a decent start, and subsoil moisture in the southern Plains looks pretty good, but it's been dry there for a while so it'll be worth keeping an eye on the sky. The weather looks pretty decent for much of the Midwest, which is good if you're having family and friends over for turkey and to watch football. From me and mine to you and yours, have a Happy Thanksgiving, and while we don't say it often enough, thanks for putting food on our tables!

 

Here's what happened overnight:

 

Brent Crude Oil = 0.1% lower. 
West Texas Intermediate Crude Oil = 0.1% lower.

Dollar = up 0.1%.

Wall Street = U.S. stock futures modestly higher in overnight trading.
World Markets = Global stocks rise as EU considers more monetary measures.

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