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Floor Talk November 6, 2020 (Election Week)
At the close:
At the close, the Dec. corn futures closed 2 1/2¢ lower at $4.06 1/2. March corn futures ended 1¢ lower at $4.13 3/4.
January soybean futures closed 2 1/4¢ lower at $11.01 1/4. March soybean futures finished 1 1/4¢ higher at $10.99 1/4.
Dec. wheat futures closed 7 1/4¢ lower at $6.02.
Dec. soymeal futures closed $5.40 per short ton lower at $382.40.
Dec. soy oil futures ended 0.13 cent lower at 35.34¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.67 per barrel lower (4.31%) at $37.12. The U.S. dollar is lower, and the Dow Jones Industrials are 88 points (0.31%) lower at 28,301 points.
Mike
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At midsession:
At midsession, the Dec. corn futures are 1 3/4¢ lower at $4.07 1/2. March corn futures are 1/2¢ lower at $4.14 3/4.
January soybean futures are 1 1/2¢ lower at $11.02 1/4. March soybean futures are 1/4¢ higher at $10.98 1/4.
Dec. wheat futures are 4¢ lower at $6.05 1/4.
Dec. soymeal futures are $4.30 per short ton lower at $383.50.
Dec. soy oil futures are 0.04 cent lower at 35.43¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.39 per barrel lower (3.58%) at $37.40. The U.S. dollar is lower, and the Dow Jones Industrials are 24 points lower at 28,366 points.
Mike
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At 8:45am:
Here is a look at Friday's trade.
Ag markets try to finish the week strong.
Thanks,
Mike
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Re: Floor Talk November 6, 2020 (Election Week)
Hope for a late fall and early spring to keep rivers open for barge traffic.
Burdensome supply maybe isn't?
Our 50 day reserve supply of corn may get to be a just in time thing in many places? Or not.
Livestock in confinement don't react well with every other day feedings.