Monthly archive for June 2014

COMMENTARY 6/30/14 **BEARISH REPORT**

COMMENTARY WHEAT DOWN 20 Harvest should reach 50% complete by Mon 6/30.   USDA Report was out this am.  Acres are up from 55.82 at 56.47.  Qrtlrly Stocks are .590 vas 1.256.  Export Inspections were 12.3  vs expectations of 17 – 21 with the biggest buyer being Japan. Quality concerns […]

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COMMENTARY 6/27/2014 **WHEAT QUALITY CONTINUES TO SLIP WITH RAINS**

COMMENTARY WHEAT UP 3 Harvest should reach 50% complete by Mon 6/30.   Both factors are likely having an hostile impact on spreads & basis.  The N/U spread was also likely influenced by the slow pace of SRW harvest due to frequent rains. There are reports of poor quality & vomitoxin […]

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COMMENTARY 6/26/14

COMMENTARY WHEAT UP 7 Profit taking in bearspreads & declining open interest likely accelerated today’s move.  The N/U spread was also likely influenced by the slow pace of SRW harvest due to frequent rains. There are reports of poor quality & vomitoxin in several states, ranging from Missouri to […]

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COMMENTARY 6/25/14

COMMENTARY WHEAT UP 4 Quality concerns ARE NOW UPON US!    HIGHER levels of Vomitoxin are being seen in fields that were NOT treated with Fungicide.  Initially, TW are 58 – 60.  As harvest creeps forward, additional rain WILL deteriorate the TW and quality once ripe and warm humid conditions will encourage additional […]

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COMMENTARY 6/24/14

COMMENTARY CORN                       DOWN 2 St Louis river levels rising  at +21.6 ft today and forecast to be 25.4 by 6/29.  Flooding and high water in Iowa means likely less loading for corn barges.  That means more demand for STL barges that are 3 days CLOSER to the Gulf for off loading onto export […]

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COMMENTARY 6/23/14 **WHEAT QUALITY AT RISK

WE STRONGLY RECOMMEND that producers verify that their seed varieties ARE approved for MAJOR EXPORT MARKETS.  The STL River markets ARE planning to test loads delivered.  They RESERVE the right to reject loads with unapproved traits.  If you have seed that is NOT APPROVED FOR MAJOR EXPORT MARKETS, we […]

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COMMENTARY 6/20/14

WE STRONGLY RECOMMEND that producers verify that their seed varieties ARE approved for MAJOR EXPORT MARKETS.  The STL River markets ARE planning to test loads delivered.  They RESERVE the right to reject loads with unapproved traits.  If you have seed that is NOT APPROVED FOR MAJOR EXPORT MARKETS, we […]

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COMMENTARY 6/19/14 **CONVERT RIVER SRW TO NEW DOUG @ 10 CENT DIFF

WE STRONGLY RECOMMEND that producers verify that their seed varieties ARE approved for MAJOR EXPORT MARKETS.  The STL River markets ARE planning to test loads delivered.  They RESERVE the right to reject loads with unapproved traits.  If you have seed that is NOT APPROVED FOR MAJOR EXPORT MARKETS, we […]

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COMMENTARY 6/18/14

WE STRONGLY RECOMMEND that producers verify that their seed varieties ARE approved for MAJOR EXPORT MARKETS.  The STL River markets ARE planning to test loads delivered.  They RESERVE the right to reject loads with unapproved traits.  If you have seed that is NOT APPROVED FOR MAJOR EXPORT MARKETS, we […]

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COMMENTARY 6/17/14

WE STRONGLY RECOMMEND that producers verify that their seed varieties ARE approved for MAJOR EXPORT MARKETS.  The STL River markets ARE planning to test loads delivered.  They RESERVE the right to reject loads with unapproved traits.  If you have seed that is NOT APPROVED FOR MAJOR EXPORT MARKETS, we […]

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