At the close:
At the close, the Dec. corn futures settled unchanged at $3.80 1/2. Nov. soybean futures finished 3 1/2 cents higher at $8.82.
Dec. wheat futures ended 9 3/4 cents higher at $5.26.
Dec. soymeal futures closed $0.50 per short ton higher at $301.80. Dec. soyoil futures ended $0.35 higher at $28.50.
In the outside markets, the Brent Crude oil market is $1.42 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 62 points lower.
Mike
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At mid-session:
At mid-session, the Dec. corn futures are trading 2 cents lower at $3.78. Nov. soybean futures are trading 6 3/4 cents higher at $8.85.
Dec. wheat futures are trading 11 3/4 cents higher at $5.28.
Dec. soymeal futures are $2.10 per short ton higher at $303.40. Dec. soyoil futures are trading $0.43 higher at $28.58.
In the outside markets, the Brent Crude oil market is $1.35 lower per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 26 points lower.
Mike North, President Commodity Risk Management Group, says that while harvest lingers on, a general lack of fresh fundamental news leaves the market vulnerable to technical trade and peripheral discussions.
“Wheat has been leading the complex as traders have unwound some their short position. Corn was able to move through its 20 day moving average of $3.80 and allow buyers a reason to get excited. Soybeans held a firmer tone all day as well. In the big picture, however, today's firmer trade does not launch it into new territory. Corn continues to hug the $3.80 line, while soybeans have settled into a pattern near $8.80.”
Mike
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At the open:
At the open, the Dec. corn futures are trading 2 cents lower at $3.78. Nov. soybean futures are trading 5 cents higher at $8.83.
Dec. wheat futures are trading 5 cents lower at $5.11.
Dec. soymeal futures are $0.90 per short ton higher at $302.20. Dec. soyoil futures are trading $0.30 higher at $28.45.
In the outside markets, the Brent Crude oil market is $0.06 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 34 points higher.
Mike
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At 7:30am:
Early calls: Corn 1-2 cents lower, soybeans 1-2 cents higher and wheat 1-4 cents lower.
Trackers:
Overnight grain, soybean markets = Trading mostly lower.
Brent Crude Oil = $0.27 higher.
Dollar =Higher.
Wall Street = Seen higher, with a big week for data and Fed comments.
World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.
More in a minute,
Mike
