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Advisor
Posts: 4,062
Registered: ‎05-03-2010
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Floor Talk, October 26, 2018

[ Edited ]

At the close:

 

At the close, the December corn futures finished 6 3/4¢ higher at $3.67 3/4. March futures finished 6 1/2¢ higher at $3.80.


 

November soybean futures closed 3 1/4¢ higher at $8.45. January soybean futures ended 3 1/4¢ higher at $8.57 3/4.



 

December wheat futures closed 18¢ higher at $5.05 1/4.



 

December soymeal futures closed 3.00¢ per short ton higher at $307.30.

December soy oil futures closed $0.23 lower at 28.16¢ per pound.


 

In the outside markets, the NYMEX crude oil market is $0.19 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 197 points lower.

 

Mike

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At 9am:

 

In early trading, the December corn futures are 4 1/4¢ higher at $3.65. March futures are 4 1/2¢ higher at $3.78.

November soybean futures are 5 1/2¢ higher at $8.47. January soybean futures are 5 1/2¢ higher at $8.60.



 

December wheat futures are 12¢ higher at $4.99.

 



December soymeal futures are 2.20¢ per short ton higher at $306.50.

December soy oil futures are $0.01 lower at 28.38¢ per pound.


 

In the outside markets, the NYMEX crude oil market is $0.48 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 301 points lower.

 

Private exporters reported to the U.S. Department of Agriculture export sales of 260,000 metric tons of soybeans for delivery to unknown destinations. Of the total 200,000 metric tons is for delivery during the 2018/2019 marketing year and 60,000 metric tons is for delivery during the 2019/2020 marketing year.

The marketing year for soybeans began Sept. 1.

 

What say you?

 

Mike

Veteran Advisor
Posts: 4,128
Registered: ‎05-13-2010
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Re: Floor Talk, October 26, 2018

UN  KNOWN   destinations  seems  a  bit  of  a  fragile  statement  -  only  to  be  trumped  by  a  cancellation  notification   -   -   -

 

Unknown  ( a variable yet  to  be  found  - such  as  x,y,z  ) Any place or fact about nothing is known  -  -  - 

 

Then  -  the  word  anonymous  -  which could  mean , may - might,  be  tariff free   ?

 

Lastly -  the  Dow  &  NYSE,  S & P   are  definitely  into  a   STRONG   buy  position  compared  to  October 6 , 2018  -?  -?  - ? 

 

Mike  -  I'm  NOT  out  to  shoot  the  messenger Smiley Very Happy             

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Advisor
Posts: 4,062
Registered: ‎05-03-2010
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Re: Floor Talk, October 26, 2018

Usually, unknown means China.

 

Mike