Monthly archive for March 2014

COMMENTARY 3/17/14

CORN DOWN 8 Ukraine appears to be exporting as usual. Weekly 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 has purchased 50k + Ukrainian corn (since US […]

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COMMENTARY 3/14/14

CORN UP 1 So far, Ukraine corn exports have been unaffected. CBH, Australia’s largest grain exporter claims that the US Dec corn futures may rise some 13% to 5.40 in the next 60 days citing the Ukrainian supply disruption. Attache expects Japan to take 180 mbu more U.S. […]

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COMMENTARY 3/13/14

CORN DOWN 4 FUNDS WERE BACK AS ACTIVE BUYERS YESTERDAY. Export demand is still ROBUST.  So far, Ukraine corn exports have been unaffected. CBH, Australia’s largest grain exporter claims that the US Dec corn futures may rise some 13% to 5.40 in the next 60 days citing the Ukrainian […]

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COMMENTARY 3/12/14

CORN UP 5 FUNDS WERE BACK AS ACTIVE BUYERS TODAY. Export demand is still ROBUST.  Corn followed wheat up again with the help of the Funds.   So far, Ukraine corn exports have been unaffected. CBH, Australia’s largest grain exporter claims that the US Dec corn futures may rise some 13% […]

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COMMENTARY 3/11/14

CORN UP 5 FUNDS WERE BACK AS ACTIVE BUYERS TODAY……Bought an additional 8,000 contracts (or an extra 40 million bu) Export demand is still ROBUST.  Corn followed wheat up with the help of the Funds.   CBH, Australia’s largest grain exporter claims that the US Dec corn futures may rise […]

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COMMENTARY 3/10/14

CORN DOWN 11 NO FUND ACTIVITY TODAY USDA Report – No big surprises.  Carry-out was reduced 25 million bushels caused by an increase in exports which garnered support from aggressive YTD performance of both sales and exports.  AVG trade estimate was 1.487 vs actual at 1.456.  No change in […]

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COMMENTARTY 3/7/14

CORN DOWN 2 FUND ACTIVITY AGAIN. Ukrainian worries mount as buyers shun shy away from contracts.  Futures were higher overnight  and early this am but turned negative.  Thursday’s Export Sales was MONGASTRIC at 59.8 mill.  Mexico and Japan were the big buyers. China cancelled 2.8 mill.  Brazil’s South Center […]

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COMMENTARY 3/6/14

CORN UP 9 FUND BUYING. ROAR!!!!  that is the sound of US Export Sales!  Corn was MONGASTRIC at 59.8 mill.  Mexico and Japan were the big buyers. China cancelled 2.8 mill.  When looking at vs the USDA’s Feb report, the US is 92% sold and 45% exported.  […]

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COMMENTARY 3/5/14

CORN DOWN 2 The US Feed Grains Council sees a (short term) benefit to US from Russia/Ukraine tensions, as it makes US bushels more competitive into North Africa.  Russia’s invasion of the Ukraine has eased a bit now that Vladimir says he has no interest in actually annexing […]

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COMMENTARY 3/4/2014

CORN UP 13 FUND BUYING.  Russia’s invasion of the Ukranian Crimea has caused Us and foreign stocks to drop and spurred a round of significant buying in commodities. – All on fear of Ukraine now not being able to export their grain into the world market place.  […]

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