At the close:
At the close, the December corn futures finished 6 3/4¢ higher at $3.52. March futures ended 6 1/2¢ higher at $3.64.
Nov soybean futures closed 20 1/4¢ higher at $8.50 1/4. Jan. soybean futures finished 20 1/4¢ higher at $8.64.
Dec. wheat futures closed 1 1/2¢ higher at $5.24.
Dec. soymeal futures finished $5.20 per short ton higher at $314.40.
Dec. soy oil futures settled $0.36 higher at 27.86.
In the outside markets, the NYMEX crude oil market is $0.35 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 271 points higher.
Mike
--------------
At mid-session:
At mid-session, the December corn futures are 6 3/4¢ higher at $3.52. March futures are 6 1/2¢ higher at $3.64.
Nov soybean futures are 7 1/4¢ higher at $8.37. Jan. soybean futures are 7 1/4¢ higher at $8.51.
Dec. wheat futures are 1/2¢ lower at $5.22.
Dec. soymeal futures are $0.90 per short ton higher at $310.10.
Dec. soy oil futures are $0.11 higher at 27.61.
In the outside markets, the NYMEX crude oil market is $0.20 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 247 points higher.
Mike
-------------
At 9:00am:
In early trading, the December corn futures are 2 3/4¢ higher at $3.48. March futures are 3¢ higher at $3.61.
Nov soybean futures are 3 3/4¢ lower at $8.26. Jan. soybean futures are 3 3/4¢ lower at $8.40.
Dec. wheat futures are 5 1/4¢ lower at $5.17.
Dec. soymeal futures are $2.20 per short ton lower at $307.00.
Dec. soy oil futures are $0.12 lower at 27.38.
In the outside markets, the NYMEX crude oil market is $0.17 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 214 points higher.
Mike
--------------
Soybeans turned lower in overnight trading after yesterday's 16-cent gain as investors again started trading fundamentals. The trade war with China is escalating after the US said it would impose tariffs on $200 billion in Chinese goods and China said it would add duties on $60 billion of US goods. President Trump said he will put levies on another $267 billion worth of imports from the Asian nation, which would result in duties on everything China ships to the US. In other news, ethanol production last week rose from an almost five-month low while stockpiles declined. Ethanol maker Green Plains said it's not shutting two facilities despite a Reuters report saying it was, and instead is slowing output at three facilities due in part to the ongoing trade spat with China and because of waivers given to refiners. In weather news, flooding is already occurring or may occur in parts of the northwestern Midwest today. Check out today's 3 Big Things for all the details.
West Texas Intermediate = up 0.1%.
Brent Crude = down 0.7%.
Dollar = down 0.7%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks mixed overnight.
