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Veteran Contributor

Floor Talk October 16

Soybeans and corn were lower in overnight trading as the wet weather for much of the Midwest over the weekend moves out. The drier weather expected for at least a few days this week will give growers -- at least in some areas -- a chance to get back into the fields to continue harvesting. As much as 8 inches of rain fell in a band from northern Illinois to southern Michigan, leading to some flooding. Temperatures are low in parts of the Midwest this morning, but nothing too concerning as they're expected to stay above 30 Fahrenheit. In other news, the CFTC report showed little change in speculative positions in both soybeans and corn. 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-16.
 

Here's what happened overnight:

 

Brent Crude Oil = up 1.4%

West Texas Intermediate = up 1.4%

Dollar = up 0.1%.

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

World Markets = Global stocks mixed overnight. 

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3 Replies
Successful Farming Editor

Re: Floor Talk October 16

At the close Monday, the Dec. corn futures are 2 1/4¢ lower at $3.50 1/2. March futures are 2 1/4¢ lower at $3.64 1/4.  Nov. soybean futures are 9 1/4¢ lower at $9.91.  Jan. soybean futures are 8 3/4¢ lower at $10.01 1/2. December wheat futures are 3¢ lower at $4.36 1/2. Dec. soy meal futures are $4.10 per short ton lower at $324.50. Dec. soy oil futures are $0.10 lower at 33.59¢ per pound.  In the outside markets, the Brent crude oil market is $0.51 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 59 points higher.

 

At mid-session Monday, the Dec. corn futures are 1 1/2¢ lower at $3.51 1/4. March futures are 1 3/4¢ lower at $3.64 3/4 Nov. soybean futures are 4 1/2¢ lower at $9.95 3/4.  Jan. soybean futures are 4 1/4¢ lower at $10.06. December wheat futures are 1 1/2¢ lower at $4.38. Dec. soy meal futures are $2.70 per short ton lower at $325.90. Dec. soy oil futures are $0.09 higher at 33.78¢ per pound.  In the outside markets, the Brent crude oil market is $0.51 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 37 points higher.

 

At the open:
The Dec. corn futures are 1¢ lower at $3.51 3/4. March futures are 1¢ lower at $3.65 1/2. Nov. soybean futures are 2 1/4¢ lower at $9.98.  Jan. soybean futures are 2 1/2¢ lower at $10.07 3/4. December wheat futures are 2 1/4¢ higher at $4.41 3/4. Dec. soy meal futures are $2.60 per short ton lower at $326. Dec. soy oil futures are $0.08 higher at 33.77¢ per pound.  In the outside markets, the Brent crude oil market is $0.72 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 50 points higher.

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Veteran Advisor

Re: Floor Talk October 16

8-9 INCHES of rain on Saturday and did not affect the crops?

Maybe the cold, no, no that won't  affect the crops either, there is a slight warm up these next few days.  Smiley Happy

 

I forgot, Brazil is too dry and Argentina is too wet. 

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Senior Contributor

Re: Floor Talk October 16

CROOKS!!!!!!!
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