On Thursday, the CME Group’s corn and soybean markets jump double-digits. At midsession, the July corn futures are 32 1/4¢ higher at $6.57 1/2. New crop September futures are 26 1/4¢ higher at $5.73 1/4. December corn futures are 22 1/2¢ higher at $5.43 1/4. July soybean futures are 29 3/4¢ higher at $15.33 1/4. August soybean futures are 32 3/4¢ higher at $14.85 3/4. New crop November soybean futures are 30 1/4¢ higher at $13.77 1/2. July wheat futures are 20¢ higher at $6.68 1/2. July soymeal futures are $6.30 per short ton higher at $390.10. July soy oil futures are $0.97 higher at 66.65¢ per pound. In the outside markets, the NYMEX crude oil market is -0.37 higher (+0.56%) at $66.58. The U.S. dollar is lower, and the Dow Jones Industrials are 128 points higher (+0.37%) at 34,451 points.
On Tuesday, the CME Group’s farm markets plunge. At midsession, the July corn futures are 31¼¢ lower at $6.26. New-crop September futures are 23¾¢ lower at $5.44¼. December corn futures are 20¢ lower at $5.20¼. July soybean futures are 18½¢ lower at $15.04¼. August soybean futures are 17¾¢ lower at $14.53¾. New-crop November soybean futures are 21¾¢ lower at $13.40½. July wheat futures 12¢ lower at $6.50¼. July soymeal futures are $13.40 per short ton lower at $386.80. July soy oil futures are 0.82¢ higher at 65.95¢ per pound. In the outside markets, the NYMEX crude oil market is -0.06 lower (-0.09%) at $65.99. The U.S. dollar is lower, and the Dow Jones Industrials are 57 points lower (-0.17%) at 34,336 points.
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Prices reverse, big time
At midsession:
At midsession, the July corn futures are 31 1/4¢ lower at $6.26. New crop September futures are 23 3/4¢ lower at $5.44 1/4. December corn futures are 20¢ lower at $5.20 1/4.
July soybean futures are 18 1/2¢ lower at $15.04 1/4. August soybean futures are 17 3/4¢ lower at $14.53 3/4. New crop November soybean futures are 21 3/4¢ lower at $13.40 1/2.
July wheat futures 12¢ lower at $6.50 1/4.
July soy oil futures are $0.82 higher at 65.95¢ per pound.
In the outside markets, the NYMEX crude oil market is -0.06 lower (-0.09%) at $65.99. The U.S. dollar is lower, and the Dow Jones Industrials are 57 points lower (-0.17%) at 34,336 points.
PJ Quaid, independent broker, says that China s announcement Monday that it issued a “zero tolerance” warning to commodity speculators on Monday is sending a negative message to asset markets.
iStock: portishead1 On Monday, the CME Group’s farm markets react negatively to the wet forecast for Brazil and U.S. crops. At the close, the July corn futures settled 2¼¢ lower at $6.57½. New-crop September futures ended 4¾¢ lower at $5.68. December corn futures closed 6¼¢ lower at $5.40¼. July soybean futures closed 3½¢ lower at $15.22¼. August soybean futures closed 1¼¢ lower at $14.71. New-crop November soybean futures settled 1¾¢ higher at $13.62½. July wheat futures closed 12¢ lower at $6.62¼. July soymeal futures closed $1.30 per short ton higher at $400.20. July soy oil futures are 0.36¢ lower at 65.13¢ per pound. In the outside markets, the NYMEX crude oil market is +2.42 higher (+3.81%) at $66.00. The U.S. dollar is lower, and the Dow Jones Industrials are 245 points higher (+0.72%) at 34,452 points.