July soybean futures settled 58¾¢ lower at $15.84½. August soybean futures closed 50½¢ lower at $15.22. New-crop November soybean futures closed 47¼¢ lower at $13.96¼. July wheat futures closed 28¾¢ lower at $7.01½. July soymeal futures closed $27.40 per short ton lower at $421.40. July soy oil futures ended 0.62¢ lower at 65.78¢ per pound. In the outside markets, the NYMEX crude oil market is -2.41 lower (-3.65%) at $63.37. The U.S. dollar is lower, and the Dow Jones Industrials are 511 points higher (+1.52%) at 34,099 points. PJ Quaid, independent broker, says that the market is reacting negatively to the news of the Mississippi River bridge issue slowing barge traffic. “The crack in the bridge has made moving grains a logistical nightmare. It has really thrown a wet blanket on the market and has the longs running for the exit,” Quaid says.
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At midsession:
At midsession, the July corn futures are 37 1/2¢ lower at $6.77. New crop September futures are 32 3/4¢ lower at $5.88. December corn futures are 30 1/2¢ lower at $5.62.
July soybean futures are 48 3/4¢ lower at $15.93 1/2. August soybean futures are 41¢ lower at $15.31. New crop November soybean futures are 42¢ higher at $14.01 1/4.
July wheat futures are 24 3/4¢ lower at $7.05.
July soymeal futures are $21.70 per short ton lower at $427.10.
July soy oil futures are $0.33 lower at 66.07¢ per pound.
In the outside markets, the NYMEX crude oil market is -2.05 lower (-3.10%) at $64.03. The U.S. dollar is higher, and the Dow Jones Industrials are 442 points higher (+1.32%) at 34,030 points.
On Thursday, the CME Group’s farm markets close mixed. At the close, the May corn futures settled 15¾¢ higher at $7.02, after hitting $7.20 per bushel earlier this week. July corn futures finished 4¼¢ higher at $6.48½. New-crop December corn futures closed ¼¢ lower at $5.46½. May soybean futures finished 15¼¢ lower at $15.42¼. July soybean futures closed 11½¢ lower at $15.02¾. New-crop November soybean futures ended 9½¢ lower at $13.18½. July wheat futures closed 6¾¢ higher at $7.29. July soymeal futures closed $1.20 short ton higher at $423.00. July soy oil futures are 1.27¢ lower at 59.89¢ per pound. In the outside markets, the NYMEX crude oil market is +0.91 higher (+1.42%) at $64.77. The U.S. dollar is higher, and the Dow Jones Industrials are 176 points higher (+0.52%) at 33,996 points.
At midsession, the May corn futures are 25¢ higher at $6.50½. July corn futures are 25¢ higher at $6.31¼. New-crop December corn futures are 13¢ higher at $5.49½. December prices have rallied $1.86 off the contract low of $3.57 to the contract high hit overnight at $5.43. May soybean futures are 35¢ higher at $15.32. July soybean futures are 33½¢ higher at $15.12¾, and traded as high as $15.04 overnight. New-crop November soybean futures are 24¾¢ higher at $13.35. July wheat futures are 23½¢ higher at $6.98¼. July soymeal futures are $5.90 short ton higher at $422.00. July soy oil futures are +2.32 higher at 59.26¢ per pound. In the outside markets, the NYMEX crude oil market is +0.17 higher (+0.28%) at $61.52. The U.S. dollar is higher, and the Dow Jones Industrials are 49 points lower (-0.15%) at 34,087 points.
At midsession, the May corn futures are 3 1/2¢ lower at $5.90. July corn futures are 2 1/2¢ lower at $5.77. New crop December corn futures are 1 3/4¢ higher at $5.13. May soybean futures are 7¢ higher at $14.17 1/4. July soybean futures are 7 1/4¢ higher at $14.10 1/2. New crop November soybean futures are 5 1/2¢ higher at $12.69. July wheat futures are 4 1/2¢ higher at $6.54 3/4. July soymeal futures are $4.20 short term higher at $407.20. July soy oil futures are +0.25 higher at 52.46¢ per pound. In the outside markets, the NYMEX crude oil market is -0.08 lower (-0.13%) at $63.07. The U.S. dollar is higher, and the Dow Jones Industrials are 294 points higher (+0.87%) at 34,025 points. Separately, the USDA’s Weekly Export Sales Report Thursday shows weak demand figures for corn.