Floor Talk September 19
In early trading, the December corn futures are1 1/4¢ higher at $3.44. March futures are 1 1/2¢ higher at $3.57.
Nov soybean futures are 6 1/4¢ higher at $8.20. Jan. soybean futures are 6¢ higher at $8.34.
Dec. wheat futures are 6¢ higher at $5.16.
Dec. soymeal futures are $4.80 per short ton higher at $308.10.
Dec. soy oil futures are $0.11 lower at 27.26.
In the outside markets, the NYMEX crude oil market is $0.32 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 154 points higher.
Soybeans were slightly higher in overnight trading Wednesday on some bargain hunting after prices dropped to the lowest in 10 years. Futures were up about 3 cents, while corn gained a penny. Wheat was up 6-8 cents, also on bargain hunting, though there's an actual fundamental story there as production in Canada and Australia were lowered by the USDA last week. US lawmakers, meanwhile, responded to the latest round of tariffs between the US and China with some saying the president should continue with his moves to ensure China stops stealing intellectual property. The Iowa Secretary of Ag said the countries need to come to an agreement as the tariffs come at a bad time for farmers. In weather news, it's going to be rainy and stormy for parts of Iowa, Minnesota and Wisconsin for the next few days. Check out today's 3 Big Things for all the details.
West Texas Intermediate = down 0.1%.
Brent Crude = down 0.5%.
Dollar = unchanged.
Wall Street = U.S. stock lower pre-market.
World Markets = Global stocks higher overnight.