Agriculture News, Markets, Weather, Ag Talk, Farm Machinery | Agriculture.com
Reply
Community Manager
marketeye
Posts: 3,179
Registered: ‎05-03-2010

Floor Talk August 23

[ Edited ]

JOIN US: The Successful Farming Marketing Academy

---------------------------

 

At 8:10am:

Jeff Coleman, The Trean Group floor trader, says weather is making a Friday an upday. "The big three grain markets are on the rebound this morning after taking a beating in yesterday’s day trading session. The new 6-10 day forecast puts higher temps back into the mix with differing opinions on the rainfall expected."

 

Mike

-----------

At 7:15am:
Early calls: Corn is seen 4-6 cents higher (old-crop), soybeans 10-12 cents higher (old-crop), and wheat 4-6 cents higher. Meanwhile, new-crop corn 4-6 cents higher and soybeans are seen 10-12 cents higher.

Trackers:
Overnight grain, soybean markets=Trading higher.
Crude Oil=$0.05 per barrel lower.
Dollar=Higher.
Wall Street=Seen lower, ahead of U.S. Home Sales Report.

World Markets=Asia/Pacific stocks were mixed, Europe stocks higher.


More in a minute,

 

Mike

Veteran Contributor
farm-n-hawk
Posts: 93
Registered: ‎05-01-2011
0

Re: Floor Talk August 23

Hot temps coming, less rainfall than last year, and a late planted(maturing) crop.

Better get some rose colored glasses.  Hobby??

Esteemed Advisor
sw363535
Posts: 4,638
Registered: ‎07-18-2011
0

Re: Floor Talk August 23

There is absolutely no carry in the bean market.  It looks like a loud "we want them NOW" .

sw
Veteran Advisor
c-x-1
Posts: 3,257
Registered: ‎06-26-2012
0

Re: Floor Talk August 23

absolutely, sw.

 

the SX - SN14 UP TO + 50.....mkt is essentially inverted to Nov. '16.

 

c-x-1

Veteran Advisor
roarintiger1
Posts: 1,588
Registered: ‎04-29-2011
0

Re: Floor Talk August 23

.......and yet basis is going lower on old crop.

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Esteemed Advisor
Hobbyfarmer
Posts: 4,017
Registered: ‎01-10-2012
0

Re: Floor Talk August 23

[ Edited ]

 

Out pulling shattercane in a 90 acre field last night

Not the best self portrait but...

 

 

 

IMG_20130822_192722_094.jpg

Had to be a little careful walking out there to not twist an ankle.

 

ResizedImage_1377221663327.jpg

Pretty much all over out there like that. Kind of need a rain for any kind of decent finish on the beans.

 

The corn could use some help but is is rapidly approaching the finish line at my place. (most of it has some subsoil moisture it can still access. )

 

If there was ever a case for having a center pivot to add just 1 inch this would be the poster "child" for it. Bet it would have a good possibility of adding 20 bu to the yield.

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Esteemed Advisor
Hobbyfarmer
Posts: 4,017
Registered: ‎01-10-2012
0

Re: Floor Talk August 23

Bean Yield Estimate
Do you agree with the bean yield (42.6 bpa) the USDA predicted on August 12 for the bean crop currently in the ground?
Percentages
66.6666666667 percent 20.202020202 percent 7.57575757576 percent 5.55555555556 percent
67% 20% 8% 5%
(1) (2) (3) (4)
Vote Legend
1) Less than 42 bushels per acre 132
2) Between 42 and 44 bpa (USDA 42.6 bpa) 40
3) Between 44 and 46 bpa 15
4) Greater than 46 bpa 11
Total Votes: 198
Results current as of:
23-Aug-13 11:37 AM
60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Veteran Advisor
roarintiger1
Posts: 1,588
Registered: ‎04-29-2011
0

Re: Floor Talk August 23

Greater than 46?    Blah ha ha ha ha...............................

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Senior Contributor
tree fmr
Posts: 380
Registered: ‎06-04-2010
0

Re: Floor Talk August 23

Just made the summit of mt fuji. You can have all the rain From here today! If I only knew how to ship it!