Monthly archive for March 2014

COMMENTARY 3/31/14

NOTE TO THOSE HAULING TO CARGILL & BUNGE – SEE TERMINAL HOURS – REGARDING NEW ESTL CITY ORDINANCE MAX LOAD WEIGHT 10,000 lbs   CORN UP 10 Todays USDA report was slightly bullish vs trade expectations.  Intended plantings were 91.7 million, 1.2 mill below the 92.9 average trade […]

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COMMENTARY 3/28/14

CORN UNCHANGED Docile ahead of Monday’s report.  The average trade guess on acres is 92.75 million, another private is at 93.8 million, and last year’s figure was 95.37 million. The average guess on stocks is 7.099 bbu, another is at 7.152 billion, and last year’s number was 5.400 bbu.  Informa’s estimate […]

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COMMENTARY 3/27/14

CORN UP 7 FUND BUYING. Export Sales are hoppin’!  Impressive at 55.4 (double that of expectations!) with significant purchasing by North and South Africa.  China bought some too while an unknown cancelled a small portion.  The Crimea situation has still not hurt Ukraine exports thus far.  However, currency […]

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COMMENTARY 3/26/14

CORN DOWN 2 LACK OF FUND BUYING. Additional Chinese corn cancellations?  YES – Due to the presence of the MIR 612 gene from Syngenta.  Syngenta claims it is high prices that is causing China to reject unapproved US corn with their trait in it, not their fault.  China […]

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COMMENTARY 3/25/14

CORN DOWN 3 LACK OF FUND BUYING. Rather choppy as if to be waiting for next Monday’s reports.  Informa’s estimate is 93.0 on acres was right in the mid range of 90.5 – 94.5.  Mar 1 stocks est is 6.82 -7.74 billion.  Cordonnier sticks with their Brazil crop est at 68.5.  A […]

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COMMENTARY 3/24/14

CORN UP 11 FUND BUYING.  Civil unrest with the Ukraine flag being lowered and Ukraine families evacuating, unrest in the Black Sea and Export Inspections were at a marketing year high at 45 million vs 30 – 45 expected and only 35 needed.  Expect to pay more […]

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COMMENTARY 3/21/14

CORN UNCHANGED Export demand is hanging right in there.  Egypt buys 340,000 MT U.S. corn for 13/14 delivery; USDA 1.625 bbu export forecast beginning to look low. Razen Energia CFO expects 5-10% loss in 14/15 Brazil sugar cane due to recent dryness. Currency fluctuations/fears said to be restricting Ukrainian producer selling. %’s […]

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COMMENTARY 3/20/14

CORN DOWN 9 Sources say futures were weaker today due to Producer selling prior to fieldwork??  We don’t believe that either.  Fund money exiting is more likely responsible as the producer seems to be at ease with the amount of corn sold at the $5.00 level. Export demand is […]

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COMMENTARY 3/19/14

CORN UP 1 Spring filed work gets the brakes put to it with colder weather.  Export demand is hanging right in there.  Export Sales will be out tomorrow with 16 – 28 expected and LW was31 million.  Ukraine appears to be exporting as usual and rumored to have […]

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COMMENTARY 3/18/14

CORN UP 7 Export demand is hanging right in there.  Ukraine appears to be exporting as usual.   Monday’s  Export Inspections were very solid  at 38.5 with only 35 needed and 33 – 39 expected.  There was an additional sale to Mexico for 107k mt.  A Chinese feed mill […]

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