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Veteran Advisor

Floor Talk September 16, 2020

At the close:

At the close, the Dec. corn futures closed 5 3/4¢ higher at $3.71 1/4. March corn futures finished 5 1/2¢ higher at $3.81.

Nov. soybean futures ended 19 3/4¢ higher at $10.11 1/4. January soybean futures ended 19 3/4¢ higher at $10.15 1/4.

Dec. wheat futures closed 3 3/4¢ higher at $5.42 3/4.

Dec. soymeal futures settled $6.50 per short ton higher at $325.70.

 Dec. soy oil futures closed $0.76 cent higher at 34.91¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.95 per barrel higher at $40.23. The U.S. dollar is higher, and the Dow Jones Industrials are 316 points higher.

Mike

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At midsession:

At midsession, the Dec. corn futures are 2 1/2¢ higher at $3.68 1/4. March corn futures are 2 1/2¢ higher at $3.78 1/2.

Nov. soybean futures are 17 1/2¢ higher at $10.08. January soybean futures are 17 3/4¢ higher at $10.13 1/4.

Dec. wheat futures are 1/4¢ higher at $5.38 3/4.

Dec. soymeal futures are $5.50 per short ton higher at $324.70.

 Dec. soy oil futures are $0.73 cent higher at 34.88¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.51 per barrel higher at $39.79. The U.S. dollar is higher, and the Dow Jones Industrials are 223 points higher.

 

Mike

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At 8:45am:

 

China buys even more U.S. soybeans. The pace of its buying is phenomenal. 

 

Today's markets and more here.

 

Thanks,

 

Mike

 

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4 Replies
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Honored Advisor

Re: Floor Talk September 16, 2020

Al says in his comments   "Right now there is not a lot of deliverable corn or soybeans around" Where is that juge carry over that weighs on the market through the year since declared by usda last winter????

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Senior Contributor

Re: Floor Talk September 16, 2020

On paper

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Honored Advisor

Re: Floor Talk September 16, 2020

It's stored in USDA's dreams.

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Advisor

Re: Floor Talk September 16, 2020

Next year, next year is the year......

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