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Veteran Advisor

Floor Talk October 2

 

Hello gang. Could you help us out with something, please? We are conducting our Third Annual Benchmark Marketing Survey. We're getting enough data, with multiple year's worth of results, to begin to compare trends and habits. This is for you to be able to benchmark your marketing and risk management plans against others in farming. Could you please take a few minutes, and I mean just a few, to be involved in our annual survey. Here is the link. And, I promise, it literally takes less than 10 minutes, maybe a lot less. In fact, when you are done, post the time it took. That will help others too. Thanks, in advance.

 

 

 

 Successful Farming Marketing Survey

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At the close:

 

The December corn futures settled 1 1/2 cents higher at $3.22 per bushel.

November soybean futures closed 7 3/4 cent higher at $9.24.

December wheat futures settled 3 3/4 cents higher at $4.82.

For Dec. soybean meal futures, the contract closed $2.70 per short ton higher at $301.30; Dec. soybean oil futures are unchanged at $32.80.

 

In the outside markets, the crude oil is $0.13 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 38 points higher.

 

Mike

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At mid-session:

 

The December corn futures are trading 1 cent lower at $3.20 per bushel.

November soybean futures are trading 1/2 of a cent higher at $9.17.

December wheat futures are 6 cents higher at $4.85.

For Dec. soybean meal futures, the contract is $0.50 per short ton lower at $298.10; Dec. soybean oil futures are trading $0.17 lower at $32.63.

 

In the outside markets, the crude oil is $1.14 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 87 points lower.

 

Mike

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At the open:

 

The December corn futures are trading 1 1/2 cents lower at $3.19 per bushel.

November soybean futures are trading 3/4 of a cent lower at $9.16.

December wheat futures are 4 cents higher at $4.83.

For Dec. soybean meal futures, the contract is $0.30 per short ton lower at $298.30; Dec. soybean oil futures are trading $0.13 lower at $32.67.

 

 

 

In the outside markets, the crude oil is $0.54 per barrel higher, the dollar is higher, and the Dow Jones Industrials are 95 points lower.

 

Mike

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At 8am:

USDA Weekly Export Sales:

 

Corn=685,900

 

Soybeans= 890,600

 

What= 741,000

 

 

Mike

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At 7:45am:

Early calls: Corn is 1-2 cents lower, soybeans 1-2 cents lower, and wheat 4-6 cents higher.

Trackers:
Overnight grain, soybean markets = Trading mostly lower.
Brent Crude Oil = $1.80 per barrel lower.
Dollar = Lower
Wall Street = Seen higher, after U.S. Jobless Claime Report.
World Markets = Europe stocks were lower, Asia/Pacific stocks were lower.

 

More in a minute,

 

Mike

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Advisor

Re: Floor Talk October 2

3 days of up in soy. Wow! Trend is still down...
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