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marketeye
Veteran Advisor

Floor Talk, November 25, 2019

At the close:

At the close, the Dec. corn futures finished 1 3/4¢ higher at $3.70 1/2. March corn futures closed 2 1/4¢ higher at $3.80 1/2.

Jan. soybean futures settled 4 1/4¢ lower at $8.92 1/4. March soybean futures settled 4 1/2¢ lower at $9.07.

March wheat futures ended 14 1/4¢ higher at $5.33.



January soymeal futures closed $0.60 per short ton lower at $300.60.

 January soy oil futures ended 0.47 cents lower at 30.59¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.27 per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 140 points higher.

Mike

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At midsession:

At midsession, the Dec. corn futures are 1 1/2¢ higher at $3.70. March corn futures are 2¢ higher at $3.80 1/2.

Jan. soybean futures are 2 1/4¢ lower at $8.94 1/4. March soybean futures are 2 1/2¢ lower at $9.08 3/4.

March wheat futures are 13 1/4¢ higher at $5.28 3/4.



January soymeal futures are $0.04 per short ton higher at $301.60. 

January soy oil futures are 0.55 cents lower at 30.51¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.10 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 118 points higher.

Mike

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At 8:58am:

In early trading, the Dec. corn futures are 1 1/2¢ higher at $3.70. March corn futures are 2¢ higher at $3.80 1/2.

Jan. soybean futures are 1 1/4¢ higher at $8.98 1/4. March soybean futures are 3/4¢ higher at $9.12.

March wheat futures are 8 3/4¢ higher at $5.27 3/4.



January soymeal futures are $0.70 per short ton lower at $301.90.

 January soy oil futures are 0.39 cents lower at 30.67¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.12 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 93 points higher.

Al Kluis, Kluis Advisors, says that the bullish news should provide support this week.

“The worst of the news about poor export demand for corn and slowing ethanol production is probably behind us. I will be watching the ethanol production report (the EIA Agency report) on Wednesday and the export sales report on Friday to see if we can get two strong weeks in a row,” Kluis told customers in daily note.

Kluis added, “Will US trade negotiators accept the invitation from China to meet there in December to continue the trade talks.”

Thanks,

 

Mike

2 Replies
wrightcattle
Veteran Advisor

Say another $1 to

 

$2  up yet in wheat. 

The winter wheat crop is terrible so far in a lot of countries this year. 

 

illinifarmer
Advisor

Re: Say another $1 to

Agreed wright that’s an understatement. On another day the index is rising a few hundred in trade optimism the grains just struggle to gain any traction for the 400th time.   Soybeans another 5$ corn another 2-3$.  We probably be ok this year!.

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