Fccoop

MARKET COMMENTARY

weekly grain TP's

Thursday, March 19, 2015, 11:03 AM
Submitted by: Jon Setterdahl


  • VOLATILE TRADE THE LAST FEW DAYS, BUT NET RESULTS HAVE BEEN LOWER PRICES.  YESTERDAY PARTICULARLY WAS INTERESTING WITH THE FED’S COMMENTS ON INTEREST RATES CAUSING STOCK MARKET AND COMMODITIES TO RALLY, WHILE THE DOLLAR FELL.  NO FOLLOW-THRU TODAY TO ANY OF YESTERDAY’S ACTION.

 

  • GREAT RECENT WEATHER ALLOWING FOR DECENT OFF-FARM GRAIN MOVEMENT AND EARLY FERTILIZER APPLICATION TO BEGIN.

 

  • MARCH31 IS THE NEXT IMPORTANT NEWSWORTHY DATE.   USDA WILL ESTIMATE ACREAGE AND QUARTERLY GRAIN STOCKS.   STILL A PRETTY WIDE RANGE OF MARKET OPINIONS ON WHAT ACREAGE WILL BE.

 

  • EXPORT PACE FADING FAST ON SOYBEANS, AS EXPECTED.  TRADE REMAINS CONCERED ABOUT THE PACE OF CORN EXPORT SALES WITH STRONG US DOLLAR MAKING US CORN UNCOMPETITIVE WITH OTHER SOURCES, PARTICULARLY THE BLACK SEA AND BRAZIL/ARGENTINA.

 

  • FARMER SELLING REMAINS VERY LIGHT.  MOST CONCENTRATING NOW ON SPRING PLANTING SEASON. 

 

  • WEEKLY ETHANOL PRODUCTION WAS PRETTY FLAT TO LAST WEEK, ALTHOUGH ETHANOL STOCKS DID DECLINE SOME FOR THE 2ND CONSECUTIVE WEEK.

 

 

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