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Veteran Contributor

Floor Talk October 5

At the close:

 

At the close, the December corn futures finished 3/4¢ higher at $3.68 1/4. March futures finished 3/4¢ higher at $3.80.
November soybean futures closed 9 3/4¢ higher at $8.69. January soybean futures settled 9 1/2¢ higher at $8.82 1/2.
December wheat futures ended 3¢ higher at $5.21.
December soymeal futures closed 7.40¢ per short ton higher at $319.60.
December soy oil futures closed $0.20 lower at 29.41¢ per pound.
In the outside markets, the NYMEX crude oil market is $0.06 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 212 points lower.

 

Mike

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At midsession:

 

At midsession, the December corn futures are 2¢ lower at $3.65. March futures are 2¢ lower at $3.77.

 

November soybean futures are 1/4¢ higher at $8.59. January soybean futures are 1/2¢ higher at $8.73.

 

December wheat futures are 3/4¢ higher at $5.18.

 

December soymeal futures are 1.70¢ per short ton higher at $313.90.

 

December soy oil futures are $0.18 lower at 29.43¢ per pound.

 

In the outside markets, the NYMEX crude oil market is $0.34 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 242 points lower.

 

Mike

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At 9:05:
 
In early trading, the December corn futures are 3/4¢ lower at $3.66. March futures are 1¢ lower at $3.78.

 

November soybean futures are 4 1/4¢ higher at $8.55. January soybean futures are 4¢ lower at $8.69.

 

December wheat futures are 2 1/2¢ higher at $5.20.

 

December soymeal futures are 0.30¢ per short ton lower at $311.90.

 

December soy oil futures are $0.26 lower at 29.35¢ per pound.

 

In the outside markets, the NYMEX crude oil market is $0.41 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 40 points lower.

 

 

Mike

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Wheat was again higher in the overnight session on continued concerns about Russia potentially closing 30 of its grain-loading facilities. Prices have been higher in each of the past three overnight sessions on the news, but thus far the government hasn't closed any docks due to phytosanitary violations. It'll be interesting to see how this all pans out. Wheat rose 4-5 cents overnight while corn and beans were both up less than a penny. Soybean export sales jumped week-to-week, coming in at about 1.52 million metric tons, almost double the previous total. Corn and wheat sales both declined. In weather news, fresh flash flood warnings and watches have been issues for eastern Iowa and parts of northwestern Illinois as extremely heavy rain is expected to start today and last through at least the weekend. The rainfall will cause rivers and streams to continue to overflow their banks and will further delay the harvest in the region. Check out today's 3 Big Things for all the details. 

West Texas Intermediate = up 0.4%.

Brent Crude = down 0.1%.

Dollar = up 0.1%.

Wall Street = U.S. stock mixed pre-market.

World Markets = Global stocks mostly lower overnight.

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