Floor Talk - September 22
Crop Progress Report Update:
Today's Crop Progress report stated the U.S. corn crop is rated at 74% good to excellent, unchanged from last week and up a whopping 19% from last year. The U.S. soybean crop was down 1% to 71% good to excellent.
Corn harvest is 7% complete, down 8% from the five-year average.
Soybeans harvested is sitting at 3%, down 5% from the five-year average.
The Spring wheat harvest is 86% complete. Good weather and a bit of luck should help harvest get wrapped up by next week.
At the close:
The December corn futures are trading 1 1/4 cents lower at $3.30 per bushel.
November soybean futures are trading 18 3/4 cents lower at $9.38.
December wheat futures are 2 1/4 cents higher at $4.76 3/4.
Dec. soy oil futures landed down $.46 to $32.12 & Dec. soybean meal traded $4.90 lower to $310.50.
According to Alan Brugler of Brugler Marketing & Management LLC, today's Crop Progress Report is expected to show soybean harvest being 3-4% complete and corn harvest to roll in around 11-12% compared to the 4% last week.
Check back for Crop Progress numbers after the report is released at 3:00 PM CST!
The December corn futures are trading 3 cents lower at $3.28 per bushel.
November soybean futures are trading 20 3/4 cents lower at $9.36 1/4.
December wheat futures are 1 cent lower at $4.73 1/2.
Sorry I'm so late this morning! Found out just before opent that Mike is out sick today, so I wasn't on my A-game. Will be on it the rest of the day!
Here's what we're seeing this morning...
At the open:
The December corn futures are trading 2 cents lower at $3.29 1/2 per bushel.
November soybean futures are trading 12 1/2 cents lower at $9.44 1/2.
December wheat futures are 3 1/4 cents higher at $4.77 3/4.
In the outside markets, the crude oil is $0.31 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 34.46 points lower to 17,245.28. Europe and Asia stock are all seen lower this morning as well.
Re: Floor Talk - September 22
I hope its not ebola or is he really just taking a sick day because he is lazy this am? lol