Yearly archive for 2017

COMMENTARY 12/29/17

Cuddle up this weekend and STAY WARM. Start, we suggest, by cuddling WITH the dog rather than some other traditionally popular items.  He may NOT have the freshest breath as you find him, however the dog IS man’s best friend, IS loyal, and will NOT take you to divorce court.  Now […]

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COMMENTARY 12/28/17

Low water, extreme low temps, AND NOW ice flows will be hampering barge logistics through at least next week.  We could soon see ice-free premiums for STL and S. CORN DOWN 2 It feels like more holiday trade. Mar futures have dropped some 20 cents since Sep and that is leaving […]

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COMMENTARY 12/27/17

Low water and now COLD temps are still limiting barge drafts locally.  CORN UP 1 Another quiet day.  Funds bought 5,000 contracts as they adjust their positions for year end. Managed Money appears to be content with their short into the new year.  The chart has resistance for Mar fut at the 50 day moving avg of 3.56.  Limited reaction to the cold […]

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COMMENTARY 12/29/17

Low water and now COLD temps are still limiting barge drafts locally.    CORN UP 1 Quiet but firm with a new sale announced.  Mexico bought 134,148 MT for 17/18.  Today’s Export Inspections (from Mon) were a little low at 24.0 mill bu, down from last week and lower than expectations of 26-33 with 42.7 still […]

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COMMENTARY 12/22/17

Low water is limiting barge drafts. Colder temps ARE going to make the low water more interesting next!  The river projections have rebounded short term for STL but we likely will be dropping to a 9’6” draft by the new year.  Weaker drafts ARE friendly freight.  Up to 5″ is now expected for TN, […]

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COMMENTARY 12/21/17

Low water is limiting barge drafts is causing a few barges to be un-movable until the water levels come back up. Colder temps coming next week won’t help either.  The river projection is rebounding short term for STL but a week out has us looking towards a 9’6” draft by the new year.  Weaker […]

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COMMENTARY 12/20/17

The House PASSED the tax cut bill!  Prepare to watch our economy ramp up as companies come back to the US.  Rains of 1-3 ” forecast for the S US have given a boost, at least short-lived, to our river levels.  Now we’re back up to + 2.0′!  […]

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COMMENTARY 12/19/17

Rains of 1-3 ” forecast for the S US have given a boost, at least short-lived, to our river levels! CORN UNCHANGED ….but not before trading to the contract low of $3.46 for the third straight session. Funds WERE buyers for the first time since last week purchasing some 2,500 […]

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COMMENTARY 12/18/17

Some decent rain was received over the weekend in arg.  S Brazil and Paraguay are experiencing some dryness and more rain is still needed in Argentina.  Key areas are forecast to get rain during the week but amounts diminish as you move S. N Brazil should be considerably drier into next week, compared to […]

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COMMENTARY 12/15/17

Argentina’s weather continues in the spotlight. Additional showers are expected to develop over the next 10 days ending the dryness (if it comes to fruition).  Dry areas of S Brazil and Paraguay should also receive significant accums, especially as next week progresses.  Locally, the STL River level continues to be […]

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