Fccoop

MARKET COMMENTARY

Weekly Grain TP's

Wednesday, January 7, 2015, 10:01 AM
Submitted by: Jon Setterdahl


  • NEXT MONDAY JAN12 IS USDA SUPPLY/DEMAND AND QUARTERLY GRAIN STOCKS REPORT.  MOST TRADE ESTIMATES HAVE CARRYOUTS GOING DOWN A LITTLE….CORN DUE TO POTENTIAL TRIM ON YIELDS, AND BEANS ON POTENTIAL UPTICK IN DEMAND. 

 

  • LOGISTICS THE FOCUS THIS WEEK AS WEATHER FINALLY ACTING LIKE WINTER AND SLOWING THINGS DOWN.  MOST END USERS HAVE THEIR NEEDS COVERED FOR JANUARY DUE TO THE ACTIVE SELLING 1-2 WEEKS AGO. 

 

  • ENERGY MARKETS CONTINUE TO COLLAPSE.  CRUDE OIL NOW BELOW $50/BARREL.  ETHANOL SECTOR MAINTAINING GOOD RUN RATES, BUT CONCERNED GOING FORWARD ABOUT WEEKLY ETHANOL STOCKS BUILD AND THE LACK OF A SUSTAINED ETHANOL EXPORT PROGRAM. 

 

  • CORN EXPORTS HAVE SHOWN SOME LIFE WITH RECENT SALES, BUT REMAIN BELOW EXPECTATIONS OVERALL.  EXPORT BEAN PROGRAM WILL BEGIN DECLINING IN THE NEXT FEW MONTHS…FAIRLY IMPORTANT THAT CORN EXPORTS STEP UP THE PACE IN THAT SAME TIMEFRAME.

 

  • IN A WORD, CASH/FUTURES CORN/BEAN MARKETS FEEL “TIRED”, UNLESS WE HAPPEN TO GET SOME BULLISH SURPRISE IN THE REPORT MONDAY.

 

 

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