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Veteran Contributor

Floor Talk October 17

At the close:

 

At the close, the December corn futures finished 1¢ lower at $3.74 1/4. March futures closed 3/4¢ lower at $3.86 1/2.


 

November soybean futures closed 1¢ higher at $8.85 3/4. January soybean futures settled 1/2¢ higher at $8.99.


 

December wheat futures ended 6¢ lower at $5.17 1/2.


 

December soymeal futures closed 1.40¢ per short ton higher at $323.70.


 

December soy oil futures settled $0.10 lower at 29.56¢ per pound.


 

In the outside markets, the NYMEX crude oil market is $2.15 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 32 points lower.

 

Mike

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At midsession:

 

At midsession, the December corn futures are 1/4¢ lower at $3.75. March futures are unchanged at $3.87.


 

November soybean futures are 4 1/4¢ higher at $8.89. January soybean futures are 4¢ higher at $9.03.


 

December wheat futures are 5 1/2¢ lower at $5.18.


 

December soymeal futures are 3.40¢ per short ton higher at $325.70.


 

December soy oil futures are $0.01 higher at 29.67¢ per pound.


 

In the outside markets, the NYMEX crude oil market is $1.76 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 36 points lower.

 

 

Mike

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At 9:00:


 


In early trading, the December corn futures are 1/2¢ higher at $3.75. March futures are 1/4¢ higher at $3.87.

 
November soybean futures are 2 1/2¢ higher at $8.87. January soybean futures are 2¢ higher at $9.01.

 
December wheat futures are 4 3/4¢ lower at $5.18.

 
December soymeal futures are 1.80¢ per short ton higher at $324.10.

 
December soy oil futures are $0.03 higher at 29.69¢ per pound.

 
In the outside markets, the NYMEX crude oil market is $1.04 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 183 points lower.

 

Mike

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Soybeans and corn were little changed overnight as investors weigh drier weather that will no doubt help accelerate the harvest against strong demand for corn. Beans and corn moved less than a penny in overnight trading. Wheat was down 2-3 cents, however, on global output forecasts. A strengthening dollar, up 0.4% overnight, isn't helping prices. Speaking of exports, the US Trade Representative sent letters to Congress yesterday saying he's going to initiate trade negotiations with Japan, the European Union and the United Kingdom to hopefully remove trade barriers. In weather news, the cold that was parked over parts of Iowa and Illinois has moved east and is now settled over Indiana, Ohio and Michigan. Get all the details by checking out today's 3 Big Things

 

West Texas Intermediate = down 0.8%.

Brent Crude = down 0.6%.

Dollar = up 0.4%.

Wall Street = U.S. stock higher pre-market.

World Markets = Global stocks higher overnight.

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