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Veteran Advisor

Floor Talk, September 9, 2019

At the close:

At the close, the Dec. corn futures finished 1 1/4¢ lower at $3.54 1/4. March corn futures settled 1 1/2¢ lower at $3.67 1/4.

Nov. soybean futures settled unchanged at $8.57 3/4. Jan. soybean futures ended unchanged at $8.72.

Dec. wheat futures closed 10 3/4¢ higher at $4.74 1/2.



December soymeal futures finished $1.00 per short ton higher at $294.00.

 December soy oil futures closed $0.20 lower at 28.45¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.39 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 7 points higher.

Mike

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At midsession:

At midsession, the Dec. corn futures are 1/2¢ higher at $3.56. March corn futures are 1/4¢ higher at $3.69.

Nov. soybean futures are 2 1/4¢ higher at $8.60. Jan. soybean futures are 2¢ higher at $8.74.

Dec. wheat futures are 9 1/4¢ higher at $4.73.



December soymeal futures are $1.50 per short ton higher at $294.50.

 December soy oil futures are $0.13 lower at 28.52¢ per pound.



In the outside markets, the NYMEX crude oil market is $1.39 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 46 points higher.

 

Mike

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At 10:20am:

USDA Export Inspection Report, Monday, shows corn, soybean sales as expected.

Corn= 590,013 mt, for export last week. For the first five days of the new marketing year, this total is 34% lower than a year ago.

Soybeans= 906,000 mt. inspected for export last week. For the first five days of the new marketing year, this total is down 40% year-over-year.

Wheat= 402,000 mt. inspected for export last week. This is 23% higher compared with this same time last year.

 

Mike

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At 9:35am:

In early trading, the Dec. corn futures are 1 1/2¢ lower at $3.54 1/4. March corn futures are 1 1/4¢ lower at $3.67 3/4.

Nov. soybean futures settled 1¢ lower at $8.56 3/4. Jan. soybean futures are 1 1/4¢ lower at $8.72.

Dec. wheat futures are unchanged at $4.63 1/4.



December soymeal futures are $0.30 per short ton higher at $293.30.

 December soy oil futures are $0.16 lower at 28.49¢ per pound.



In the outside markets, the NYMEX crude oil market is $0.79 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 22 points higher.

 

Mike

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Honored Advisor

Re: Floor Talk, September 9, 2019

Well the 9:30am funds traders are holding their own so far....... we may see red at the end so Their accomplices can print "Market dives at the end"  beans and corn -2

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