At the close:
At the close, the December corn futures finished 4 3/4¢ lower at $3.43 1/4. March futures ended 4 1/2¢ lower at $3.55 1/2.
Nov soybean futures closed 9 1/2¢ lower at $8.14. Jan. soybean futures closed 9 1/4¢ lower at $8.28.
Dec. wheat futures ended 4 1/4¢ higher at $5.10 1/2.
Dec. soymeal futures closed $2.40 per short ton lower at $303.30.
Dec. soy oil futures finished $0.33 lower at 27.37.
In the outside markets, the NYMEX crude oil market is $0.93 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 238 points higher.
Mike
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At mid-session:
At mid-session, the December corn futures are 5¢ lower at $3.43. March futures are 4 1/4¢ lower at $3.55.
Nov soybean futures are 10 1/4¢ lower at $8.13. Jan. soybean futures are 10¢ lower at $8.27.
Dec. wheat futures are 2 3/4¢ higher at $5.09.
Dec. soymeal futures are $3.80 per short ton lower at $301.90.
Dec. soy oil futures are $0.27 lower at 27.43.
In the outside markets, the NYMEX crude oil market is $0.94 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 163 points higher.
Also, Informa, the private analyst firm, released its 2019 U.S. Acreage estimates, Tuesday. Here they are:
Corn= 93.0 million.
Soybeans= 82.27 million
What say you?
Mike
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At 8:55am:
In early trading, the December corn futures are 2¢ lower at $3.46. March futures are 2¢ lower at $3.58.
Nov soybean futures are 6¢ lower at $8.17. Jan. soybean futures are 6¢ lower at $8.31.
Dec. wheat futures are 4 1/2¢ higher at $5.10.
Dec. soymeal futures are $2.80 per short ton lower at $302.90.
Dec. soy oil futures are $0.26 lower at 27.44.
In the outside markets, the NYMEX crude oil market is $1.48 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 38 points higher.
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Soybeans hit a 10-year low overnight after the Trump Administration imposed tariffs on an additional $200 billion worth of Chinese goods and China said it would retaliate. The new levies cover thousands of products including vegetables and fruits, along with a host of industrial products, but it's unclear how China will strike back considering its imports of US goods totals less than $200 billion. Beans were down about 4 cents, corn was off by a penny and wheat rose 3-4 cents overnight. The new levies will begin Sept. 24 and at first be 10%, but will jump to 25% on Jan. 1, Trump said in a statement. In weather news, hotter-than-normal weather along with potential thunderstorms are possible in parts of Kansas and Iowa today, according to the National Weather Service. Check out today's 3 Big Things for all the details.
West Texas Intermediate = up 1%.
Brent Crude = up 1%.
Dollar = down 0.1%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks mixed overnight.
