After the close:
WHOOPS!
Earlier this morning, the latest set of crop acreage reporting data was inadvertently posted early on the FSA website and taken down shortly thereafter. This data had been scheduled for release Friday, September 10 at 1pm. To ensure equitable access to this information, FSA has reposted the data on its website.
Corn = 91.2 million vs. 90.3 million in August
Soybeans= 86.1 vs. 85.2 million in August
Wheat 49.3 million vs. 48.8 million in August.
What say you? Too high, about right or too low.
Mike
At the close:
The markets lost steam, as the day went along.
At the close, the Dec. corn futures finished 1/2¢ lower at $5.10 1/4. March futures finished 3/4¢ lower at $5.19 3/4. May corn futures settled 3/4¢ lower at $5.26.
November soybean futures closed 2 1/2¢ higher at $12.79 1/2.
Jan. soybean futures closed 2¢ higher at $12.88. March soybean futures closed 3/4¢ higher at $12.95.
Dec. wheat futures closed 10 1/4¢ lower at $7.09.
Dec. soymeal futures finished unchanged at $337.80.
Dec. soy oil futures closed $0.27 lower at 57.49¢ per pound.
In the outside markets, the NYMEX crude oil market is 0.95 higher (+1.39%) at $69.30. The U.S. dollar is higher, and the Dow Jones Industrials are 75 points lower (-0.21%) at 35,024 points.
Harvest Note: Iowa farmer tells me that his beans are reading 12.5% moisture and yielding 65-70 bushel per acre. The cutting has started. He says there will be a little delay, with corn still pretty green.
Mike
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At 8:45am:
Corn, soybean prices move higher Wednesday.
Mike
