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Veteran Advisor

Floor Talk October 8, 2020

At the close:

At the close, the Dec. corn futures finished 1 3/4¢ lower at $3.87 1/2. March corn futures closed 2 1/2¢ lower at $3.94 1/2.

Nov. soybean futures finished 1¢ lower at $10.50. January soybean futures finished 3 1/2¢ lower at $10.48.

Dec. wheat futures closed 12 3/4¢ lower at $5.95 3/4.

Dec. soymeal futures settled $2.20 per short ton lower at $359.60.

Dec. soy oil futures settled $0.03 cent lower at 33.00¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.32 per barrel lower at $41.27. The U.S. dollar is higher, and the Dow Jones Industrials are 101 points higher.

 

Mike

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At midsession:

 

At midsession, the Dec. corn futures are 1 1/2¢ higher at $3.90 1/2. March corn futures are 1/2¢ higher at $3.97 1/2, after hitting the $4.00 mark yesterday.

Nov. soybean futures are 4 1/4¢ higher at $10.55 1/2. January soybean futures are 2 1/4¢ higher at $10.53 1/2.

Dec. wheat futures are 10 3/4¢ lower at $5.96 3/4.

Dec. soymeal futures are $.10 per short ton higher at $361.90.

Dec. soy oil futures are $0.36 cent higher at 33.39¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.82 per barrel lower at $40.77. The U.S. dollar is higher, and the Dow Jones Industrials are 29 points higher.

Mike

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3 Replies
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Veteran Contributor

Re: Floor Talk October 8, 2020

Huge sales and the idiot traders ignore it shocking 

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Honored Advisor

Re: Floor Talk October 8, 2020

Supposedly 60% of this year's bean production is already sold.

Did not hear if that was projected production or the actual lower real production that is actually happening.

If it is the pie in the sky 60%, gonna be beans coming up the Mississippi river next summer from the southern hemisphere.

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Senior Contributor

Re: Floor Talk October 8, 2020

Pretty sure that we have  already sold some that is headed down there after December. 

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