At the close:
At the close, the Dec. corn futures finished 2 1/4 cents higher at $3.89. Nov. soybean futures settled 7 1/2 cents higher at $8.84.
Dec. wheat futures ended 1 3/4 cents lower at $5.03 3/4.
Dec. soymeal futures settled $1.40 per short ton higher at $305.50. Dec. soyoil futures closed $0.32 higher at $27.69.
In the outside markets, the Brent Crude oil market is $1.17 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 33 points higher.
Mike
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At mid-day:
At mid-day, the Dec. corn futures are trading 1 cent higher at $3.87. Nov. soybean futures are trading 4 1/4 cents higher at $8.81.
Dec. wheat futures are 1/2 of a cent higher at $5.06.
Dec. soymeal futures are trading $0.60 per short ton higher at $304.70. Dec. soyoil futures are trading $0.39 higher at $27.76.
In the outside markets, the Brent Crude oil market is $0.88 higher per barrel, the U.S. dollar is lower, and the Dow Jones Industrials are 24 points lower.
Jack Scoville, PRICE Futures Group vic-president, says that yes, the report tomorrow should show plenty of supplies out there. "Today is a nice day, weather-wise. So, I think it is much related to lack of offer than any big buying. There is just not a lot of selling pressure in the market from any producers anywhere. Also, I think the price action overall has been good and both corn and soybeans kind of held some support on the charts. I have seen no real news out there to support a rally. Seems to be mostly spec buying. My guys both buyers and sellers are dead quiet. Not a big up move today, but kind of impressive that it can move higher either way."
Mike
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In early trading:
At 9am, the Dec. corn futures are trading 3/4 of a cent higher at $3.87. Nov. soybean futures are trading 3 1/2 cents higher at $8.80.
Dec. wheat futures are 2 cents lower at $5.03.
Dec. soymeal futures are trading $0.30 per short ton lower at $303.80. Dec. soyoil futures are trading $0.40 higher at $27.77.
In the outside markets, the Brent Crude oil market is $0.70 higher per barrel, the U.S. dollar is higher, and the Dow Jones Industrials are 5 points lower.
Mike
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At 6:00am:
Early calls: Corn 1-2 cents lower, soybeans 1-2 cents lower and wheat 3-5 cents lower.
Trackers:
Overnight grain, soybean markets = Trading lower.
Brent Crude Oil = $0.36 higher.
Dollar =Higher.
Wall Street = Seen higher.
World Markets = Europe stocks were lower, Asia/Pacific stocks were mostly lower.
More in a minute,
Mike
