At the close:
The Dec. corn futures closed 2 1/2 cents lower at $7.36 1/2. The Nov. soybean contract settled 8 1/2 cents higher at $14.26 3/4. The Dec. wheat futures closed 8 1/4 cents lower at $7.29 3/4. The Dec. soymeal futures closed $3.00 per short ton higher at $375.10. The Dec. soyoil futures settled $0.38 higher at $58.71.
In the outside markets, the NYMEX crude oil is $1.81 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 300 points.
Mike
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At 1:13pm:
Heading to the close, corn and soybeans are higher.
Mike
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At 12-Noon:
The prognosticating 'cafe' is open. What are your expectations for Monday's Report? Talk Report stuff here.
Mike
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At mid-day:
The Dec. corn futures are trading 1 3/4 cents lower at $7.32 1/4. The Nov. soybean contract is trading 3/4 of a cent lower at $14.17 1/2. The Dec. wheat futures are trading 8 3/4 cents lower at $7.29 1/4. The Dec. soymeal futures are trading $1.40 per short ton higher at $373.50. The Dec. soyoil futures are trading $0.25 lower at $58.08.
In the outside markets, the NYMEX crude oil is $3.07 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 319 points.
Stocks are tanking as the market gets real nervous that the European financial crisis will send the U.S. into a recession.
One analyst is saying, "Friday's trade is slow. It's pretty simple, no one wants to sell ahead of what's perceived to be a bullish crop report Monday. But, they are waiting for late session before they buy long, as outside markets are very bearish today with crude oil and stocks sharply lower," he says.
"Expect a higher close for corn and beans. Also there really building up the frost threat for next week on the mid-day weather outlooks."
Mike
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At the open:
The Dec. corn futures opened 2 cents lower at $7.32. The Nov. soybean contract opened 3 1/4 cents lower at $14.15. The Dec. wheat futures opened 4 3/4 cents lower at $7.33 1/4. The Dec. soymeal futures opened $0.70 per short ton higher at $372.90. The Dec. soyoil futures opened $0.17 lower at $58.14.
In the outside markets, the NYMEX crude oil is $2.10 per barrel higher, the dollar is higher and the Dow Jones Industrials are down 140 points.
Mike
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At 6:40am:
Early calls: Corn up 1-2 cents, soybeans up 7-9 cents and wheat up 1-2 cents.
Trackers:
Overnight grain, soybean markets=Trading mixed.
Crude Oil=$0.98 lower.
Dollar=Higher.
Wall Street=Seen trading steady lower as investors are skeptical of President Obama's jobs speech Thursday.
World Markets=Lower as the G7 countries' finance directors meet today. With world financial crisis events breaking out everywhere, the group has its hand full.
More in a minute,
Mike
