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Veteran Advisor

Floor Talk October 3

At the close:


The December corn futures settled 1/2 of a cent higher at $3.23 per bushel.

November soybean futures closed 12 1/4 cents lower at $9.12.

December wheat futures settled 3 cents higher at $4.85.

For Dec. soybean meal futures, the contract closed $2.50 per short ton lower at $298.80; Dec. soybean oil futures are closed $0.38 lower at $32.42.




In the outside markets, the crude oil is $1.24 per barrel lower, the dollar is higher, and the Dow Jones Industrials are 220 points higher.




At 7:30am:

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

Overnight grain, soybean markets = Trading mostly lower.
Brent Crude Oil = $0.71 per barrel lower.
Dollar = Higher
Wall Street = Seen higher, ahead of U.S. Non-Farm Payrolls Report.
World Markets = Europe stocks were mixed, Asia/Pacific stocks were higher.


More in a minute,



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5 Replies
Veteran Advisor

Re: Floor Talk October 3


The CME Group today announced it will reduce electronic trading hours of CME Livestock futures and options products following comprehensive outreach to producers, commercial customers, traders and other industry participants who manage their risk in its markets. Pending CFTC review, trading in CME Livestock markets will be amended on the CME Globex electronic trading platform beginning with trade date, Monday, October 27, 2014.


Beginning Monday, October 27, electronic trading hours for CME Lean Hogs, Live Cattle and Feeder Cattle futures and options will be as follows on CME Globex:

Monday – 9:05 a.m. to 4:00 p.m. CT
Tuesday to Thursday – 8:00 a.m. to 4:00 p.m. CT
Friday – 8:00 a.m. to 1:55 p.m. CT
Open-outcry trading hours for CME Livestock futures and options products will not be impacted by this adjustment to CME Globex trading hours.


What do you think?




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Senior Advisor

Re: Floor Talk October 3

Why such odd hours? Why not just mirror the grain trade?
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Senior Contributor

Re: Floor Talk October 3

I agree with shaggy why the odd hours of trading??    I guess most sale barns don't have saturday sales anymore, but after 4:00 p.m. maybe guys want to hedge their feeder cattle purchases...

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Veteran Advisor

Re: Floor Talk October 3

What good for the goose is good for the gander, why not do the same for grains?
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Honored Advisor

Re: Floor Talk October 3

We are going to have a monster corn delivery day here in Eddyville... 

unloaded 360,000 on Friday, and we are at 165,000 at 10:30, heading to another 360,000+ by 4:30 closing time 

the Gov Brandstad weight proclamation had an instant effect on load size this week 

we went from 985 per truck late last week to 1,065 per truck today 

corn moistures dropping slowly......test weight even slower to improve over last week... 

corn over 20% moisture averaging 23.3 H2O and 54.33 TW this morning 

Ray J 

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