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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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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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Re: Floor Talk September 16, 2020
On paper
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Re: Floor Talk September 16, 2020
It's stored in USDA's dreams.
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Re: Floor Talk September 16, 2020
Next year, next year is the year......