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Community Manager
marketeye
Posts: 3,133
Registered: ‎05-03-2010
0

Floor Talk Dec. 27

[ Edited ]

At 9:35am:

I received an update on the South American crop-weather situation, this morning. This contact is from Paraguay. In his own words:

 

"I don't know where they see rain on the forecast. It's NOT raining in Argentina neither Rio Grande do Sul, neither Paraguay. And, there is big concern starting. With temperatures at 38c, feeling like 43 to 45. There is no water. Some say that the crops already have some damage....if it doesn't rain in the next week it's going to be bad."The farm markets are up, as export sales for corn were strong, soybeans get a boost too."

 

Mike

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

 

USDA Weekly Export Sales:

 

Corn= 1.989,200 metric tons, nearly double what was expected.

Soybeans=788,300 metric tons, at the top end of expectations.

Wheat=656,900

 

 

Mike

Esteemed Advisor
Hobbyfarmer
Posts: 3,962
Registered: ‎01-10-2012
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Re: Floor Talk Dec. 27

[ Edited ]

More contaminated/adulterated  corn on it's way to China?

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: 3,962
Registered: ‎01-10-2012
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Re: Floor Talk Dec. 27

Early this morning the Chinese Commerce Ministry increased their December soybean import estimate to 6.67 million tons from their prior forecast of 6.34 million tons. They also confirmed a January soybean import target of 2.37 million tons.

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."
Senior Contributor
Blacksandfarmer
Posts: 887
Registered: ‎08-04-2010
0

Re: Floor Talk Dec. 27

Mike, what is the real story here? Why does it seem soo difficult to get a reliable weather forecast out of S.A? We traded much lower yesterday on rain in S.A, yet nobody really knows.

 

Thanks

Senior Contributor
highyields
Posts: 790
Registered: ‎06-04-2010
0

Re: Floor Talk Dec. 27

In my opinion the WHOLE attitude of the trading community is bearish.   The trade will dwell on the bearish news more then any bullish fundamentals that may develop.    

 

 

Frequent Contributor
wcohRagweed
Posts: 37
Registered: ‎09-07-2011
0

Re: Floor Talk Dec. 27

On that huge 1.9MMT corn number today, .5MMT is for 2014/15 mostly Japan. Another .4MMT is adjustment rerouted from China to other countries.. including Egypt. Now Egypt is not exactly right next door to China; that has to be a hefty additional shipping charge. 

Esteemed Advisor
sw363535
Posts: 4,539
Registered: ‎07-18-2011
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Re: Floor Talk Dec. 27

Well great export corn numbers---------- and the market does.......................... 

 

Now we know why some loads were rejected and the G-------M------O  word was used.

 

We get out marketed again.

sw