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Veteran Contributor

Floor Talk October 31

At the close:

At the close, the Dec. corn futures settled 3¢ lower at $3.45. March futures ended 3 1/4¢ lower at $3.59 1/2. Jan. soybean futures settled 1/4¢ higher at $9.84 3/4.  March soybean futures closed even at $9.95. December wheat futures closed 6 1/4¢ lower at $4.18. Dec. soy meal futures ended $0.50 lower at $311.80. Dec. soy oil futures closed 0.07¢ higher at 34.75¢ per pound.  In the outside markets, the Brent crude oil market is $0.20 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 34 points higher.

 

Mike

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At mid-session:

At mid-session, the Dec. corn futures are 3 1/4¢ lower at $3.45. March futures are 3 1/4¢ lower at $3.59. Jan. soybean futures are 1 3/4¢ higher at $9.86.  March soybean futures are 1 1/4¢ higher at $9.96. December wheat futures are 8 1/4¢ lower at $4.16. Dec. soy meal futures are $0.10 lower at $312.10. Dec. soy oil futures are steady at 34.68¢ per pound.  In the outside markets, the Brent crude oil market is $0.02 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 28 points higher.

 

Mike

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In early trading:

At 9:00am, the Dec. corn futures are 2 1/4¢ lower at $3.46. March futures are 2 1/4¢ lower at $3.60. Jan. soybean futures are 3/4¢ lower at $9.83.  March soybean futures are  1 1/4¢ lower at $9.93. December wheat futures are 3 3/4¢ lower at $4.21. Dec. soy meal futures are even at $312.30. Dec. soy oil futures are 0.12¢ lower at 34.56¢ per pound.  In the outside markets, the Brent crude oil market is $0.15 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 2 points lower.

 

Mike

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Happy Halloween!!! Soybeans and corn were little changed overnight as investors weigh strong Chinese demand against favorable South American weather. Soybeans were up about a penny while corn was down less than a cent. Wheat was down 0-1 cent overnight. The harvest is moving along with soybeans almost caught up to the prior five-year average, but corn is 54% finished, almost 20 percentage points behind the average. In weather news, freeze warnings have been issued for several counties in central Illinois and Indiana, and snow is forecast for much of south-central Nebraska and north-central Kansas today. Check out all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-october-31

 

Brent Crude Oil = down 0.2%

West Texas Intermediate = down 0.1%

Dollar = up 0.1%.

Wall Street = U.S. stock futures higher in pre-market trading.

World Markets = Global stocks higher overnight.

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