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Veteran Contributor
Posts: 550
Registered: ‎09-09-2014
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Floor Talk October 10

[ Edited ]

At the close:

At the close, the Dec. corn futures finished 1/4¢ lower at $3.49, while March futures finished unchanged at $3.62. Nov. soybean futures finished 3/4¢ lower at $9.66, Jan. soybean futures are 1¢ lower at $9.76 1/4. December wheat futures closed 3/4¢ higher at $4.35 1/4. Dec. soy meal futures finished $3.30 per short ton higher at $318.80. Dec. soy oil futures closed $0.11 lower at 33.15¢ per pound.  In the outside markets, the Brent crude oil market is $1.25 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 49 points higher.

 

Mike

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At the open:

In early trading, the Dec. corn futures are 1 3/4¢ higher at $3.51, while March futures are 1 3/4¢ higher at $3.64. Nov. soybean futures are 6 1/4¢ higher at $9.73, Jan. soybean futures are 6¢ higher at $9.83. September wheat futures are 2 3/4¢ higher at $4.38. Dec. soy meal futures are $3.30 per short ton higher at $318.80. Dec. soy oil futures are $0.11 lower at 33.15¢ per pound.  In the outside markets, the Brent crude oil market is $0.99 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 20 points higher.

 

Mike

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Soybeans were higher overnight on concerns about dry weather in Brazil while wheat was slightly lower after rain fell in the Ukraine and is forecast in Russia, which will help their crops. Chaos theory in full effect. Beans were up about 3 cents while wheat was down just over a penny. In the US, the harvest continues, but slowly. In weather news, it's cold out there in much of Nebraska where a `hard-freeze warning' is now in effect. A `freeze warning' in which temperatures don't get quite as low, is in effect from basically Canada through New Mexico this morning. Check out all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-october-10.
 

Here's what happened overnight:

 

Brent Crude Oil = up 1.1%

West Texas Intermediate = up 1.3%

Dollar = down 0.3%.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks mixed as Spain problems persist. 

Successful Farming Editor
Posts: 17
Registered: ‎10-03-2017
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Re: Floor Talk October 10

[ Edited ]

 

At mid-session, the Dec. corn futures are  unchanged at $3.49 1/2, while March futures are 1/4¢ higher at $3.63. Nov. soybean futures are 3 1/4¢ higher at $9.70, Jan. soybean futures are 3 1/4¢ higher at $9.80 1/2. December wheat futures are 3/4¢ higher at $4.36 3/4. Dec. soy meal futures are $2.10 per short ton higher at $317.60. Dec. soy oil futures are $0.12 lower at 33.14¢ per pound.  In the outside markets, the Brent crude oil market is $1.23 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 35 points higher.

Honored Advisor
Posts: 5,329
Registered: ‎01-10-2012
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Re: Floor Talk October 10

I'm more worried about the too wet thing here,

D3 drought all summer, now we are working on filling the Mississippi River, not going to show as a drought year, average by extremes.

Forgot to mention more rain Saturday and Sunday, oh joy.

Noticed one of the neighborhood bto's left his combine and auger wagon full of corn last night...uncovered 1.15" in it so far.
Veteran Advisor
Posts: 2,991
Registered: ‎02-11-2013
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Re: Floor Talk October 10

Most likely couldn't afford the tarp
Veteran Contributor
Posts: 129
Registered: ‎06-08-2010
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Re: Floor Talk October 10

neighbor would always say the corn was too dry and adding moisture.  Now, beans can expand and cause all sorts of fun problems.