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Tony_Dreibus
Veteran Contributor

Floor Talk September 19

At the close:

At the close, the Dec. corn futures finished 3 1/4¢ lower at $3.48 1/4, while March futures settled 3 1/4¢ lower at $3.60 3/4. Nov. soybean futures ended 2 1/4¢ lower at $9.65 1/2, Jan. soybean futures settled 2¢ lower $9.76. September wheat futures closed 1/2¢ lower at $4.43. Dec. soy meal futures finished $3.90 per short ton lower at $308.70. Dec. soy oil futures settled $0.33 higher at 34.76¢ per pound.  In the outside markets, the Brent crude oil market is $0.40 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 51 points higher.

 

Mike

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At mid-session:

At mid-session, the Dec. corn futures are 4 1/2¢ lower at $3.47, while March futures are 4 1/4¢ lower at $3.59. Nov. soybean futures are 7¢ lower at $9.60, Jan. soybean futures are 7¢ lower $9.71. September wheat futures are 7¢ lower at $4.36. Dec. soy meal futures are $4.20 per short ton lower at $308.40. Dec. soy oil futures are $0.03 higher at 34.46¢ per pound.  In the outside markets, the Brent crude oil market is $0.18 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 41 points higher.

 

Mike

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At 9am:

In early trading , the Dec. corn futures are 1/2¢ lower at $3.51, while March futures are 3/4¢ lower at $3.63. Nov. soybean futures are 3 1/2¢ lower at $9.64, Jan. soybean futures are 3 1/2¢ lower $9.74. September wheat futures are 1/4¢ lower at $4.43. Dec. soy meal futures are $1.80 per short ton lower at $310.80. Dec. soy oil futures are $0.10 lower at 34.33¢ per pound.  In the outside markets, the Brent crude oil market is $0.26 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 15 points higher.

 

Mike

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Corn and beans were little changed overnight on varying reports of yields as the first harvest readings come in. While they're looking good for now, yield reports a week ago weren't so stellar and a lot of people are wondering if they'll stay strong as the harvest moves north. Speaking of the harvest, it's moving along but at a snail's pace. Only 7% of the corn crop has been collected, up from 5% last week but still behind the 11% average for this time of year. It's slow going in Illinois and certainly in Iowa where the harvest is barely started. More rain is on the way for much of the central Midwest today and tomorrow, so that may further slow crop collection. In weather news, along with the rain in the Midwest, Hurricane Jose is threatening the eastern seaboard and Hurricane Maria is set to pounce on Puerto Rico starting today. See all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-september-19

 

Here's what happened overnight:

 

Brent Crude Oil = up 0.3%

West Texas Intermediate = up 0.7%

Dollar = down 0.1%.

Wall Street = U.S. stock futures higher in pre-bell trading.

World Markets = Global stocks higher ahead of central bank decisions.

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