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Successful Farming Editor

October 17 Trading: Soybean Slide Continues

At the open:
The Dec. corn futures are 1 3/4¢ lower at $3.48 3/4. March futures are 1 3/4¢ lower at $3.62 1/2. Nov. soybean futures are 6¢ lower at $9.85.  Jan. soybean futures are 6¢ lower at $9.95 1/2. December wheat futures are 1/2¢ lower at $4.36. Dec. soy meal futures are $2.10 per short ton lower at $322.40. Dec. soy oil futures are $0.21 lower at 33.38¢ per pound.  In the outside markets, the Brent crude oil market is $0.03 higher, the U.S. dollar is higher, and the Dow Jones Industrials are 9 points higher.

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9 Replies
Successful Farming Editor

Re: October 17 Trading: Soybean Slide Continues

Jason Roose of U.S. Commodities in West Des Moines, Iowa sees "harvest pressure as the dominant factor." in Tuesday's lower open. "Dry weather will increase harvest. The strong dollar poor corn exports, and ideal weather in Brazil will limit any rallies."

 

Last week's rally is another factor in lower soybean prices, says Justin Kelly, president of AgYield. "The weather outlook has improved in South America and soybeans have rallied sharply (and made new highs) against corn and wheat in the past few sessions. This has caused some selling from South American farmers and liquidation in the inter-commodity spreads by the spec trader."

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Senior Contributor

Re: October 17 Trading: Soybean Slide Continues

Crooks ?!?!?!?!
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Successful Farming Editor

Re: October 17 Trading: Soybean Slide Continues

Des Moines, Iowa — At mid-session Tuesday, the Dec. corn futures are 1/4¢ lower at $3.50 3/4, while March futures are 1/4¢ lower at $3.64 1/2. Nov. soybean futures are 4 1/2¢ lower at $9.86 1/2.  Jan. soybean futures are 4 3/4¢ lower at $9.96 3/4. December wheat futures are 3/4¢ lower at $4.35 3/4. Dec. soy meal futures are $2.30 per short ton lower at $322.20. Dec. soy oil futures are $0.03 higher at 33.62¢ per pound.  In the outside markets, the Brent crude oil market is $0.53 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 18 points higher.

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Advisor

Say 14.50 and 4.70+++

Çash beans and corn Starting bout mid march sooooooo don't let the snookers snooker ya' in 018…

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Successful Farming Editor

Re: October 17 Trading: Soybean Slide Continues

At the close, the Dec. corn futures finished 1/2 ¢ lower at $3.50, while March futures finished 1/2¢ lower at $3.63 3/4. Nov. soybean futures finished 6 1/4¢ lower at $9.84 3/4. Jan. soybean futures were 6 1/4¢ lower at $9.95 1/4. December wheat futures closed 1 3/4¢ lower at $4.34 3/4. Dec. soy meal futures finished $2.90 per short ton lower at $321.30. Dec. soy oil futures closed unchanged at 33.59¢ per pound.  In the outside markets, the Brent crude oil market is $0.14 lower, the U.S. dollar is higher, and the Dow Jones Industrials are 19 points higher.

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Veteran Advisor

Re: October 17 Trading: Soybean Slide Continues

Are you going to enter separate messages for each update?  I kinda liked the old way of editing the base message, and keeping it on top.

Frequent Contributor

Re: October 17 Trading: Soybean Slide Continues

Yes. The way Jim said was way better!!
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Successful Farming Editor

Re: October 17 Trading: Soybean Slide Continues

I agree with both of you. The computer program we use didn't allow me to do that, somehow. Mike is back and we should be using the normal system. Thanks for the input!

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Contributor

Re: October 17 Trading: Soybean Slide Continues

Can't you just go in and edit the original message?

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