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Veteran Advisor

Floor Talk September 30, 2020 (Report Day)

At the close:

At the close, the Dec. corn futures finished 14 1/4¢ higher at $3.79. March corn futures settled 14 1/2¢ higher at $3.88 1/4.

Nov. soybean futures settled 30 1/2¢ higher at $10.23 3/4. January soybean futures closed 30 1/4¢ higher at $10.27 1/4.

Dec. wheat futures finished 28 1/2¢ higher at $5.78.

Dec. soymeal futures closed $10.90 per short ton higher at $342.80.

 Dec. soy oil futures settled $0.44 cent higher at 33.13¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.59 per barrel higher at $39.88. The U.S. dollar is higher, and the Dow Jones Industrials are 221 points higher.

 

Mike

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USDA will release its Quarterly Grain Stocks Report at 11:00am CT.

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Any 11am:

 

USDA SAYS:

 

A bullish report Wednesday.

 

See the full story on the report:  U.S. corn and soybean piles get smaller.

 

Mike

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At 8:45am:

 

Farm markets mostly sink Wednesday.

 

Mike

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8 Replies
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Advisor

Re: Floor Talk September 30, 2020 (Report Day)

50c loss on the soybean market in a week just because is not ok.  Wake up fellas 

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Highlighted
Advisor

Re: Floor Talk September 30, 2020 (Report Day)

That’s better, coffee’s on me fellas.

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Honored Advisor

Re: Floor Talk September 30, 2020 (Report Day)

Well, harvest pressure and social media reports of "better".  USDA said "52 bu"  social media says "65 70 80 90".   Just be thankful it`s only 50¢.

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Senior Advisor

Re: Well, when the USDA called a couple of weeks ago, I told them I didn't have anymore corn in the

Well, when the USDA called a couple-three weeks ago, I told them I didn't have any more corn in the bin.  They must have believed me this time.

  But I didn't tell them that my corn that was drought-stressed all summer was looking better than I would have ever expected., not great, just better. 

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Honored Advisor

Re: Floor Talk September 30, 2020 (Report Day)

We hired a wino to decorate our headlines

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Senior Contributor

Re: Floor Talk September 30, 2020 (Report Day)

This is what the traders thought this morning.

What about it Illinois farmer?

Screenshot_20200820-202331_Facebook_1597973020956_1597973151941.jpg
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Honored Advisor

Re: Floor Talk September 30, 2020 (Report Day)

What a visual.  Appears to be a funds manager.   The same problem in congress.  “Other people’s money”

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Highlighted
Advisor

Re: Well, when the USDA called a couple of weeks ago, I told them I didn't have anymore corn in the

They finally saw pictures of all the tipped over bins in Iowa and realized they didn't have corn in them.

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