Reply
Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Re: Floor Talk June 20

[ Edited ]

Jim_Meade,

 

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."

 

 

Mike

 

 

 

 

Esteemed Advisor
sw363535
Posts: 4,419
Registered: ‎07-18-2011
0

Re: Floor Talk June 20

No Mike ---------------- not that one.  The other one.   :smileyhappy:

sw
Veteran Advisor
Palouser
Posts: 2,155
Registered: ‎05-13-2010
0

Re: Floor Talk June 20

A bit confused about your statement that ALL commodities missed their trade expectations.

 

I assume you mean beans and arguably corn.

Esteemed Advisor
Hobbyfarmer
Posts: 3,819
Registered: ‎01-10-2012
0

Re: Floor Talk June 20

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.

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."
Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Re: Floor Talk June 20

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=story&id=10626277

 

 

Just a thought,

 

Mike

Esteemed Advisor
Hobbyfarmer
Posts: 3,819
Registered: ‎01-10-2012
0

Re: Floor Talk June 20

The new Iowa.

 

Actually look on a map ... The southern end of Ontario is in the same latitude as the north half of Ioway.

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
Palouser
Posts: 2,155
Registered: ‎05-13-2010
0

And wheat did fine ....

.... if we still consider it a commodity. But, maybe things have changed?  :smileywink:

Senior Contributor
farmerguy89
Posts: 1,001
Registered: ‎06-30-2012
0

Re: Floor Talk June 20

Ont avg 150 last 5 yr. whole province. USDA must be using Ontario averages for projections.... Iowa is too far south... Got to go further north guys.... Hahahahaa :smileytongue: