Floor Talk October 3
At the close:
At the close, the December corn futures finished 2 3/4¢ lower at $3.64 3/4. March futures finished 2 3/4¢ lower at $3.76 3/4.
November soybean futures settled 4 1/4¢ lower at $8.61. January soybean futures finished 4 1/4¢ lower at $8.75.
December wheat futures ended 4¢ lower at $5.15 1/4.
December soymeal futures closed 3.90¢ per short ton lower at $311.20.
December soy oil futures settled $0.18 higher at 29.84¢ per pound.
In the outside markets, the NYMEX crude oil market is $1.13 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 69 points higher.
What say you?
In early trading, the December corn futures are unchanged at $3.67. March futures are 1/4¢ lower at $3.79.
November soybean futures are 1 1/4¢ lower at $8.64. January soybean futures are 1 1/2¢ lower at $8.78.
December wheat futures are 1/2¢ lower at $5.18.
December soymeal futures are 1.40¢ per short ton lower at $313.70.
December soy oil futures are $0.02 higher at 29.68¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.33 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 122 points higher.
Private exporters reported to the U.S. Department of Agriculture export sales of 230,000 metric tons of corn for delivery to Japan during the 2018/2019 marketing year.
The marketing year for corn began Sept. 1.Wheat rose on a new threat from Russia that its phytosanitary watchdog is considering closing dozens of export processing facilities temporarily for violating phytosanitary regulations. That would curb exports from the country and boost demand for US supplies. Wheat was up 3-4 cents overnight. Corn gained a penny while soybeans were up 2 cents. Prices also may be rising as wet weather is inbound to several producing states including Nebraska, Iowa and Illinois today. Flooding is an issue along the Missouri River between Nebraska and Iowa and several other rivers and streams in eastern Iowa. Get all the details in today's 3 Big Things.
West Texas Intermediate = up 0.1%.
Brent Crude = up 0.2%.
Dollar = up 0.1%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks mixed overnight.