cancel
Showing results for 
Search instead for 
Did you mean: 
marketeye
Veteran Advisor

Floor Talk December 3

Cross Promotion Folks:

With this year’s harvest complete, now is the time to start thinking about next year’s crop. With low commodity prices, it may also be a good time to start looking at new ways to lower input costs as well as boost yields. Could you apply less nitrogen if you applied it later in the growing season? Can a few simple adjustments on your planter lead to more even emergence and, therefore, better yields?  
Now is the time to get those questions (and others you may have) answered. We are hosting several experts next week who can answer all of your questions about improving nutrient management, analyzing harvest data, and achieving uniform emergence. They can also recommend planting dates and populations.

Please post any questions you have in the Machinery forum. Here’s a link to the specific post.

 

Mike

----------

At 1:55pm:

Pre-USDA Report estimates are starting to trickle out. The report will be released Wednesday, next week.

 

Here are Allendale's estimates:

Dec15WasdeEsts-1.jpg

 

What do you think about these numbes and what the USDA might print?

 

Mike

--------

At 9:40am:

Corn and wheat markets trade higher, soybeans dip.

 

 

Mike

-------

At 9:25am:

More bean sales:

Private exporters reported to the U.S. Department of Agriculture export sales of 132,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

The marketing year for soybeans began Sept. 1.

 

Mike

-----------

The farm markets look to trade slightly lower Thursday. Here's the summary from today's USDA Weekly Export Sales Report:

 

Trade Expectations:

wheat 250,000-500,000,
corn 250,000-2,000,000 metric tons,
soybeans 400,000-1,250,000 metric tons
soybean meal 125,000-300,000 metric tons.

 

This summary is based on reports from exporters for the period November 20-26, 2015. 

Wheat:  Net sales of 392,200 metric tons for delivery in marketing year 2015/2016 were up 29 percent from the previous week and 17 percent from the prior 4-week average.  Increases were reported for China (98,300 MT, including 94,300 MT switched from unknown destinations), South Korea (79,200 MT), unknown destinations (66,200 MT), Mexico (49,800 MT), the Philippines (30,400 MT), the United Kingdom (24,100 MT, including 24,500 MT switched from unknown destinations and decreases of 1,000 MT), and Nigeria (23,700 MT, switched from Cyprus).  Reductions were reported for Cyprus (24,000 MT) and the French West Indies (7,500 MT).  Net sales of 40,700 MT for 2016/2017 were  for Panama (30,700 MT), the Leeward Windward Islands (5,500 MT), and the Philippines (4,500 MT).  Exports of 399,000 MT were up 54 percent from the previous week and 56 percent from the prior 4-week average.  The primary destinations were China (98,300 MT), South Korea (53,600 MT), the Philippines (50,400 MT), Mexico (24,700 MT), the United Kingdom (24,100 MT), and Nigeria (23,700 MT). 

Exports for Own Account:  Exports for own account totaling 1,300 MT to Italy were applied to new or outstanding sales.  The current outstanding balance is 50,100 MT, all Italy. 

 

Corn:  Net sales of 499,400 MT for 2015/2016 were down 76 percent from the previous week and 50 percent from the prior 4-week average.  Increases were reported for Mexico (216,900 MT), Japan (190,900 MT, including 47,600 MT switched from unknown destinations and decreases of 4,200 MT), Guatemala (30,800 MT, including 16,200 MT switched from unknown destinations and 2,100 MT switched from Nicaragua), Colombia (29,200 MT), Honduras (15,700 MT, including 13,500 MT switched from unknown destinations), and El Salvador (12,700 MT, including 11,700 MT switched from unknown destinations and 700 MT switched from Nicaragua).  Reductions were reported for unknown destinations (8,500 MT) and Nicaragua (2,800 MT).  Exports of 373,800 MT were down 30 percent from the previous week and 11 percent from the prior 4-week average.  The primary destinations were Japan (114,700 MT), Mexico (102,900 MT), Peru (33,300 MT), Honduras (30,100 MT), Guatemala (27,700 MT), and Colombia (19,700 MT). 

Optional Origin Sales:  For 2015/2016, new optional origin sales totaling 116,000 MT were reported for unknown destinations.  The current outstanding balance is 511,000 MT, all unknown destinations.  

 

Soybeans:  Net sales of 878,300 MT for 2015/2016 were down 25 percent from the previous week and 29 percent from the prior 4-week average.  Increases were reported for China (521,500 MT, including 439,500 MT switched from unknown destinations and decreases of 74,800 MT), Turkey (139,300 MT, including 64,000 MT switched from Canada), Egypt (104,700 MT, including 6,500 MT switched from unknown destinations), Mexico (99,900 MT), the Netherlands (75,100 MT, including 70,000 MT switched from unknown destinations), and Spain (71,200 MT, including 65,000 MT switched from unknown destinations).  Reductions were reported for unknown destinations (397,700 MT), Canada (64,100 MT), and Costa Rica (7,000 MT).  Exports of 2,004,100 MT were up 5 percent from the previous week, but down 9 percent from the prior 4-week average.  The primary destinations were China (1,349,900 MT), Turkey (116,200 MT), Thailand (83,300 MT), Taiwan (77,100 MT), the Netherlands (75,100 MT), Spain (71,200 MT), and Vietnam (70,300 MT). 

Optional Origin Sales:  For 2015/2016, outstanding optional origin sales total 295,000 MT and are for China (175,000 MT), Pakistan (60,000 MT), and unknown destinations (60,000 MT). 

Exports for Own Account:  New exports for own account totaling 52,500 MT were reported to Canada.  Decreases totaling 70,000 MT were reported to Canada.  The current outstanding balance is 36,500 MT, all Canada.

Soybean Cake and Meal:  Net sales of 77,500 MT for 2015/2016--a marketing-year low--were down 70 percent from the previous week and 67 percent from the prior 4-week average.  Increases were reported for Egypt (29,100 MT), Germany (20,000 MT, including 13,800 MT switched from Poland), Colombia (12,200 MT, including 10,000 MT switched from unknown destinations and decreases of 800 MT), Mexico (12,100 MT), and Honduras (11,600 MT, including 8,400 MT switched from unknown destinations).  Reductions were reported for unknown destinations (40,600 MT) and Poland (13,800 MT).  Exports of 275,500 MT were up 58 percent from the previous week and 49 percent from the prior 4-week average.  Increases were primarily to Thailand (65,100 MT), Colombia (31,600 MT), Egypt (29,100 MT), Mexico (27,000 MT), and Poland (26,200 MT).  

0 Kudos