Fccoop

MARKET COMMENTARY

weekly grain TP's

Wednesday, January 28, 2015, 10:01 AM
Submitted by: Jon Setterdahl


  • BOTH CORN AND SOYBEAN CHARTS CURRENTLY AT PIVITAL POINTS.  BREAKING THRU 50-100 DAY MOVING AVERAGES OPENS UP ANOTHER POSSIBLE LEG DOWN….10-15 CENTS IN CORN AND 30-40 CENTS IN BEANS.  IF MOVING AVERAGES HOLD WE REMAIN IN RANGES THE LAST 1-2 WEEKS

 

  • US DOLLAR VALUE AT MULTI-YEAR HIGHS IS CHALLENGING THE EXPORT SECTOR.  CORN COMPETING WITH BLACK SEA AND ARGENTINA, SOYBEANS WITH BRAZIL. 

 

  • VERY EARLY BEAN HARVEST IN BRAZIL/ARGENTINA….5-10% COMPLETE, EARLY YIELD REPORTS EQUAL TO OR HIGHER THAN EXPECTED.

 

  • NEWS JUST THIS MORNING THAT BIODIESEL PRODUCED IN S.AMERICA WOULD BE RECOGNIZED BY EPA AND PROVIDED RIN VALUE WHICH MAKES IT EXPORTABLE TO THE U.S.  DOMESTIC MANUFACTURERS NOT PLEASED WITH THAT.  STILL NO FINAL EPA RULE ON ’14 OR ’15 ETHANOL MANDATE LEVELS.

 

  • FARMER SELLING EXTREMELY LIGHT.  CASH BASIS LEVELS HAVE FIRMED MORE, BUT STALLING ON DEMAND CONCERNS.

 

  • DDG VALUE IN EXCESS OF 130% OF CORN PRICE.  MANY FEED RATIONS DROPPING DDG’S AND ADDING CORN.  CHINESE EXPORT DEMAND DRIVING THAT DDG PRICE.

 

  • GREAT WINTER WEATHER LATELY.  LOGISTICS ARE MOVING FREELY.  SEVERAL LOCAL END USERS ON THE FULL SIDE OF INVENTORY.

 

  • ETHANOL STOCKS CONTINUE TO BUILD. LARGEST IN 2 YEARS AT 20.6 BLN

 

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon