At the close:
The Dec. futures corn contract settled 10 1/2 cents lower at $7.46. Nov. soybean futures contract finished 50 3/4 cents lower at $16.18. Dec. wheat futures finished 2 cents lower at $8.79 1/2 per bushel. The Dec. soyoil futures contract closed $1.20 lower at $54.05. The Dec. soymeal futures contract finished $17.20 per short ton lower at $483.10.
In the outside markets, the NYMEX crude oil is $0.16 per barrel higher, the dollar is higher and the Dow Jones Industrials are 17 points higher.
Mike
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At mid-session:
The Dec. futures corn contract is trading 10 3/4 cents lower at $7.45. Nov. soybean futures contract is trading 43 3/4 cents lower at $16.25. Dec. wheat futures are trading 5 cents lower at $8.76 per bushel. The Dec. soyoil futures contract is trading $1.48 lower at $54.77. The Dec. soymeal futures contract is trading $12.30 per short ton lower at $488.00.
In the outside markets, the NYMEX crude oil is $0.23 per barrel higher, the dollar is higher and the Dow Jones Industrials are 26 points lower.
Mike
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At the open:
The Dec. futures corn contract is trading 9 cents lower at $7.46. Nov. soybean futures contract is trading 21 cents lower at $16.48. Dec. wheat futures are trading 5 cents lower at $8.76 per bushel. The Dec. soyoil futures contract is trading $0.77 lower at $55.48. The Dec. soymeal futures contract is trading $5.50 per short ton lower at $494.80.
In the outside markets, the NYMEX crude oil is $0.44 per barrel lower, the dollar is higher and the Dow Jones Industrials are 27 points lower.
Mike
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At 7:30am:
USDA announces weak Weekly Export Sales for corn, neutral bean data, and friendly wheat sales:
Corn=69,000 mt vs. the trade's expectations of between corn 300,000-400,000 metric tons,
Soybeans=717,700 mt vs. the trade's expectations of between 600,000-800,000 mt.
Wheat=488,900 mt vs. the trade's expectations of between 300,000-400,000 mt.
Soybean meal=174,300 mt vs. the expected 125,000-200,000 mt.At 6:35am:
Mike
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USDA announces the Weekly Export Sales at 7:30, this morning. Here are the expectations from the trade:
Wheat= 300,000-400,000 metric tons
Corn=300,000-400,000 metric tons
Soybeans= 600,000-800,000 metric tons
Soybean meal= 125,000-200,000 metric tons.
Mike
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At 6:30am:
Early calls: Corn 5-7 cents lower, soybeans 10-12 cents lower, and wheat 3-5 cents lower.
Trackers:
Overnight grain, soybean markets=Trading lower.
Crude Oil=$0.68 per barrel lower.
Dollar=Higher.
Wall Street=Seen opening lower with weaker Chinese manufacturing data and weaker European service sector data.
World=Lower.
More in a minute,
Mike
