06-20-2013 10:34 AM - edited 06-20-2013 10:35 AM
You asked for more longerterm type items. Is this what you were thinking?
Here are the latest thoughts from Rabo AgriFinance on corn prices and corn/soybean crop rotation. This is a quick snapshot of a full report:
"Rabobank Food & Agribusiness Research (FAR)and Advisory Group have issued a report Thursday that anticipates U.S. corn prices could be pressured to below breakeven levels for many producers.
The report, “AgFocus: Bracing for Tightening U.S. Grain Margins,” also notes that softer medium-term prices could lead to a contraction of 5 to 6 million U.S. acres as growers look toward other crops. The report explores underlying causes of the tightening margins—slowing U.S. ethanol demand, Chinese imports and Brazilian infrastructure—in great depth.
These tighter margins will likely incent regions that have moved to a continuous corn rotation to move back to a corn soybean rotation which will improve yields and reduce costs. That means more soybean production in parts of the corn belt, IA, IL and MN."
06-20-2013 01:39 PM
Ouch and double ouch
9:00am Today Cargill / Eddyville went fron +$1.50U to +$1.35U along with the 12 cent Drop in corn prices prices.
That 15 cent jump in basis Monday and the big up day yesterday must have filled their book.
06-20-2013 02:33 PM
I was reading the headlines on Dow Jones Newswire. It's not that it's a market-moving story. But, when was it that we start to pay attention to corn being raised in Canada? This headline struck me as a sign of the times:
Favorable Weather Aids Ontario Corn Growth - Report
Here is the story to the link: http://www.agriculture.com/markets/newswire?page=s
Just a thought,