Floor Talk September 5
At mid-session, the December corn futures are 2 1/2¢ lower at $3.65. March futures are 2 1/4¢ lower at $3.77.
Nov soybean futures are 5¢ lower at $8.39. Jan. soybean futures are 4 3/4¢ lower at $8.52.
Dec. wheat futures are 6 3/4¢ lower at $5.24.
Dec. soymeal futures are $1.20 per short ton lower at $310.00. Dec. soy oil futures 0.24¢ lower at 28.54.
In the outside markets, the NYMEX crude oil market is $0.97 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 14 points higher.
In early trading, the December corn futures are 3/4¢ lower at $3.67. March futures are 3/4¢ lower at $3.79.
Nov soybean futures are 1 3/4¢ lower at $8.42. Jan. soybean futures are 1 1/2¢ lower at $8.55.
Dec. wheat futures are 3 1/2¢ lower at $5.28.
Dec. soymeal futures are $1.30 per short ton lower at $309.90. Dec. soy oil futures 0.05¢ lower at 28.73.
In the outside markets, the NYMEX crude oil market is $0.30 lower, the U.S. dollar is lower, and the Dow Jones Industrials are 7 point lower.
On Wednesday, private exporters reported to the U.S. Department of Agriculture export sales of 101,736 metric tons of corn for delivery to Mexico during the 2018/2019 marketing year.
The marketing year for corn began Sept. 1..
Wheat futures rose overnight on bargain hunting after a 14 cent drop on Tuesday. Fundamentally, little has changed in the past 24 hours. Russia's government said earlier this week that it won't implement export limits on wheat, while Argentina said it's adding a tax on all agricultural exports. Wheat futures gained 4-5 cents while corn and beans were little changed overnight. Export inspections in the last week of the marketing year were higher for corn but lower for beans. Wheat inspections also declined week-to-week and are trailing their year-ago pace, according to the USDA. In weather news, Tropical Storm Gordon made landfall, bringing severe weather to the Gulf Coast. Strong storms are also causing flooding in parts of Kansas, Iowa and Wisconsin today. Check out today's 3 Big Things for all the details.
West Texas Intermediate = down 1.3%.
Brent Crude = down 1%.
Dollar = up 0.1%.
Wall Street = U.S. stock lower pre-market.
World Markets = Global stocks lower overnight.