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marketeye
Veteran Advisor

Floor Talk October 1

At the close:

The Dec. corn futures settled 1 cent higher at $3.88.  Nov. soybean futures finished 14 3/4 cents lower at $8.77 1/4.

Dec. wheat futures ended 5 1/2 cents higher at $5.18 1/4.

Dec. soymeal futures closed $5.10 per short ton lower at $303.90. Dec. soyoil futures ended $0.02 lower at $27.32. 

In the outside markets, the Brent Crude oil market is $0.04 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 79 points lower.

Mike

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China buys more U.S. soybeans Thursday.

Private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year. 

The marketing year for soybeans began Sept. 1.

 

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At 10:30am:

The Dec. corn futures are trading 3 1/2 cents higher at $3.91.  Nov. soybean futures are trading 7 cents lower at $8.85.

Dec. wheat futures are 7 cents higher at $5.19.

Dec. soymeal futures are trading $3.20 per short ton lower at $305.80. Dec. soyoil futures are trading $0.19 higher at $27.53. 

In the outside markets, the Brent Crude oil market is $1.07 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 112 points lower.

Mike

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In early trading:

At 9am, the Dec. corn futures are trading 1/2 of a cent lower at $3.87.  Nov. soybean futures are trading 4 3/4 cents higher at $8.96.

Dec. wheat futures are 3 3/4 cents higher at $5.16.

Dec. soymeal futures are trading $1.00 per short ton lower at $308.00. Dec. soyoil futures are trading $0.65 higher at $27.99. 

In the outside markets, the Brent Crude oil market is $1.14 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 3 points higher.

Mike

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At 7:30am:

On Thursday, USDA's Weekly Export Sales Report showed soybeans beat and corn at the top end of expectations.
Corn sales totaled 801,300 mt vs. the expected 600,000-900,000 mt.
USDA pegged U.S. soybean sales at 6.9 million metric tons vs. the expected 1.2-4.0 million mt
The U.S. wheat sales totaled 77,100 mt  vs. the expected 250,000-500,000 mt.
The U.S. weekly soymeal sales totaled 264,000 mt vs. the expected 125,000-275,000.

 

Mike

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At 7:00am:

 

Early calls: Corn 1-2 cents higher, soybeans 2-4 cents higher and wheat 5-7 cents higher.

 

Trackers:
Overnight grain, soybean markets = Trading higher.
Brent Crude Oil = $0.60 higher.
Dollar =Higher.  
Wall Street = Seen higher, as the last quarter of the year starts.

World Markets = Europe stocks were higher, Asia/Pacific stocks were higher.

 

 

 

More in a minute,

 

Mike

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2 Replies
k-289
Senior Advisor

Re: Floor Talk October 1

Headlines say  Chicago gets  CON AGRA  HDQTR's - moving from Omaha -  Interesting to save money on the corperate structure  ? 

illinifarmer
Advisor

Re: Floor Talk October 1

Soybean exports flying off the shelf down 14c huh would have thought the opposite. This joke of a market is upside down again backasswards!!
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