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Veteran Contributor

Floor Talk October 24

At the close:

At the close, the December corn futures settled 4 1/4¢ lower at $3.48 1/4, while March futures closed 4 1/4¢ lower at $3.58 per bushel. November soybean futures finished 9¢ higher at $9.92, while January soybean futures closed 10¢ higher at $10.02 1/4. December wheat futures finishe 11¢ lower at $4.03 1/2. December soy meal futures finished $0.80 short ton higher at $307.30. December soy oil futures closed $0.87 higher at 35.99¢ per pound.  In the outside markets, the Brent crude oil market is $0.49 per barrel lower, the U.S. dollar is higher, and the Dow Jones Industrials are 82 points higher.

 

Mike

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At mid-session;

At mid-session, the December corn futures are 5 1/4¢ lower at $3.47, while March futures are 5 1/4¢ lower at $3.57 per bushel. November soybean futures are 5 1/4¢ higher at $9.88, while January soybean futures are 5 1/2¢ higher at $9.97. December wheat futures are 12 1/4¢ lower at $4.02. December soy meal futures are $0.10 short ton higher at $306.60. December soy oil futures are $0.72 higher at 35.84¢ per pound.  In the outside markets, the Brent crude oil market is $0.62 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 81 points higher.

 

Mike

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At 9am:

At 9:00am, the December corn futures are 2 1/4¢ lower at $3.50 1/4, while March futures are 2 1/2¢ lower at $3.59 per bushel. November soybean futures are 10 1/2¢ higher at $9.93, while January soybean futures are 10 3/4¢ higher at $10.03. December wheat futures are 5 1/4¢ lower at $4.09. December soy meal futures are $1.10 short ton higher at $307.60. December soy oil futures are $0.84 higher at 35.96¢ per pound.  In the outside markets, the Brent crude oil market is $0.67 per barrel lower, the U.S. dollar is unchanged, and the Dow Jones Industrials are 113 points higher.

 

 

Mike

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Soybeans rose overnight on continued signs of strong demand for U.S. supplies. Exporters sold large quantities of beans to unknown buyers and a huge cargo to China last week as those in need continue to make purchases with prices so low. Corn and wheat were little changed. The weather looks calm today as most of the Midwest is expected to be dry. 
 

Here's what happened overnight:

 

Brent Crude Oil = 0.5% lower. 
West Texas Intermediate Crude Oil = 0.9% lower. 

Dollar = down 0.1%.

Wall Street = U.S. stock futures higher in overnight trading.
World Markets = Global stocks higher on strong European data. 

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2 Replies
Veteran Advisor

Re: Floor Talk October 24

I got in a little flight time from Iowa City down to Washington and west past Wellman.  Lots of bare fields and many fields left.  Combines in corn and soybeans.  Weather is ideal.

I finished my harvest Sunday.  Beans much better than ever before and corn not as good as I'd hoped.  Many corn yields reported very high, though.

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Senior Contributor

Re: Floor Talk October 24

Did you see any large blocks of green cover crops?  Several farmers, for the first time had a custom operator come and drill some rather large blocks of bean fields with oats.  Winter kill and corn next year.  A new Fall color showing up more and more around here.

  Farmers one by one finishing up here.  Yields very good, especially for corn.  A lot of "cheaper"  Pand K going on too.

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