Hmmm: interesting comments in two of the soy threads below.
The cupboards are not bare. They just are poorly stocked in several locations and the easy to get to shelves are picked over.
Bunge West went to a +7 basis. (finally) I know of several farmers that still have the majority of their beans. Unless the price gets to $17 or some lofty #, some are just not for sale.
As for the weather anyone really believe this is global warming? Time to get over that hoax.
http://video.foxnews.com/v/3466714510001/age-of-abundance-over/?playlist_id=1821663211001#sp=show-cl...
Might want to hedge your bets?
MARKET COMMENTARY April 30, 2014
Raymond Jenkins
Corn futures trading could be described as the mid-week lull, where we just don’t have a good enough handle on weather through early next week to create a convincing market trend. As mentioned before I like selling late week rallies during corn planting season, because we “just don’t know” if the late week forecasts will look the same come Monday.
December 2014 corn futures sure have a tough time trying to close over 5.10, which means it will be even harder to reach the 5.20—5.25 level where a lot of analysts want farmers to sell additional new crop bushels.
Tomorrow we get another weekly export sales report, and we will get to see if this one will be in another string of better than expected corn sales.
The smaller carryout currently being projected by the large increase in corn exports has changed the market dynamic for corn. When the carryout is projected at 1.85+ billion bushels, there is room for late planting and slightly sub-par crop conditions. As the number shrinks toward 1.3 billion bushels, the “cushion” disappears, and we can expect bigger moves in reaction to weather and other factors.
Well it did not get below 39 here this morning. Cloudy and a breeze. Long johns still seem a good friend here on May 1.
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Two Texas Highway Patrol Officers were conducting speeding enforcement on Hwy 77, just south of Kingsville, TX. One of the officers was using a hand held radar device to check speeding vehicles approaching the town of Kingsville . The officers were suddenly surprised when the radar gun began reading 300 miles per hour and climbing.
The officer attempted to reset the radar gun, but it would not reset and then it suddenly turned off.
Just then a deafening roar over the Mesquite tree tops on Hwy 77 revealed that the radar had in fact, locked on to a USMC F/A-18 Hornet which was engaged in a low flying exercise near this, it's Naval Air home base location in Kingsville, TX.
Back at the Texas Highway Patrol Headquarters in Corpus Christi the Patrol Captain fired off a complaint to the US Naval Base Commander in Kingsville for shutting down his equipment.
The reply came back in true USMC style:
"Thank you for your letter....
You may be interested to know that the tactical computer in the Hornet had detected the presence of,and subsequently locked on to, your hostile radar equipment and automatically sent a jamming signal back to it, which is why itshut down.
Furthermore, an Air-to-Ground missileaboard the fully armed aircraft had also automatically locked on to your equipment'slocation.
Fortunately, the Marine Pilot flying the Hornet recognized the situation for what it was, quickly responded to the missile system alert status and was able to override the automated defense systembefore the missile was launchedto destroy the hostile radar position on the side of Hwy 77, south of Kingsville.
The pilot suggests you cover yourmouths when swearing at them, since thevideo systems on these jets are very high tech.
Sergeant Johnson, the officer holding the radar gun, should get his dentistto check his left rear molar. It appears the filling is loose.Also, the snap isbroken on his holster."
Semper FI
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Never, in all my years of doing this, has demand been so high. And never has the price been so high. The meat that folks are getting in the stores must not be very good........Demand for good meat is high, where does that place the demand for feed? Yes................just as I thought.
