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Veteran Contributor

Floor Talk September 18

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.

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10 Replies
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Veteran Contributor

Re: Floor Talk September 18

Nah nah hey hey goodbye to the american farmer cause we will be done now cannot survive this
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Advisor

Re: Floor Talk September 18

Crooks!!
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Veteran Contributor

Re: Floor Talk September 18

Na Na Na Na 

 

Hey Hey Hey 

 

Goodbye American Farmer

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Veteran Contributor

Re: Floor Talk September 18

Oh look the little maggot is back
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Veteran Contributor

Re: Floor Talk September 18

Just singing along! Buddy Ole Pal! 

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Veteran Contributor

Re: Floor Talk September 18

Gfu
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Veteran Contributor

Re: Floor Talk September 18

Don't worry you'll get lots of welfare! Must be nice to suck off the governments teet! 

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Veteran Contributor

Re: Floor Talk September 18

Nah your mom pays me well
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Honored Advisor

Re: Floor Talk September 18

8 pennies away from last year's harvest lows on cash corn here on the close.

Still in positive territory year over year.
(At least temporary )
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