Fccoop

MARKET COMMENTARY

weekly grain TP's

Wednesday, February 11, 2015, 11:02 AM
Submitted by: Jon Setterdahl


  • MONTHLY USDA SUPPLY/DEMAND REPORT CAME AND WENT WITH LITTLE FANFARE.  SOME SMALL DEMAND INCREASES TO BOTH CORN AND BEANS REDUCED CARRYOUTS ON BOTH, BUT WERE WITHIN TRADE EXPECTATIONS AND NOT SURPRISING.  OVERALL THEME REMAINS THAT SUPPLIES ARE ADEQUATE.

 

  • CRUDE OIL PRICES SEEM TO HAVE REACHED AN AREA TO ESTABLISH A TRADING RANGE BETWEEN $45-$55 PER BARREL.

 

  • WINTER WEATHER REMAINS RELATIVELY TAME. NO MAJOR LOGISTICS PROBLEMS ANYWHERE…WHAT A DIFFERENCE FROM LAST YEAR.

 

  • PRODUCER SELLING REMAINS LIGHT.

 

  • ALL-IN-ALL A PRETTY DULL/DEPRESSING START TO FEBRUARY.

 

  • USDA OUTLOOK CONFERENCE IS LATER THIS MONTH. WILL TAKE A CRACK AT PROJECTING S/D FOR NEXT CROP YEAR. 

 

  • PRODUCER SURVEY SHOWS CASH RENT RATES DOWN 5% THIS YEAR.

 

  • ACCORDING TO SEC OF AG, ONLY 9% OF ELIGIBLE FARMS HAVE SIGNED UP FOR NEW ARC/PLC PROGRAMS.  LOOKS LIKE A LOT OF LAST MINUTE DECISIONS COMING LATER THIS MONTH.

 

 

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Ames, IA 50010
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