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Market Comments |
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| Tuesday July 13th Webinar |
| July 20, 2010 |
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View the Tuesday July 13th Webinar now at your convience. Just click here.
http://www.alkluis.com/alstvroom.php |
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| Thursday June 24th Webinar |
| July 01, 2010 |
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View the Thursday June 24th Webinar now at you convience. Just click here.
http://www.alkluis.com/alstvroom.php |
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| Tuesday June 8th Webinar |
| June 10, 2010 |
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View the Tuesday June 8th Webinar now at your convience. Just click here.
http://www.alkluis.com/alstvroom.php |
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| Al's in Successful Farming |
| May 12, 2010 |
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NEW article by Al in Successful Farming magazine... "A Successful Marketing Plan"... Check the NEW May/June issue... Page 20 & 22... |
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| Mid Session Comments |
| May 12, 2010 |
Dan Knaak |
Corn, beans and wheat all opened higher on news that China purchased more corn overnight. The higher markets gave way when the crude oil inventories was released and showed a build in crude supplies. This put pressure on the ethanol markets when crude oil went down and eventually the corn and wheat markets gave in. Also, the rumor was Argentina released some more corn for export. |
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| USDA Supply and Demand Report |
| May 11, 2010 |
Al Kluis |
About this report: The key numbers in the monthly Supply/Demand report are the “ending stocks”. This tells the amount of grain on hand, available for sale at the end of the marketing year. When ending stocks get low--or simply lower than expected--this can push prices up. When ending stocks go up or are higher than expected – this can push prices down.
Al’s analysis: This month’s report is considered slightly positive for corn and soybeans and neutral for wheat prices. The corn ending stocks projections came in the low end of the trade estimates. Ethanol usage was increased by 100 million bushels, exports by 50 million bushels. This more than offset the small 0.2 bu/ac increase in the 2009 corn yield. For the projections for next year the USDA used a projected corn yield of 163.5 bushels per acre. This was above earlier projections reflecting early planting. For soybeans, crush and exports were increased by 15 million bushels, while residual was dropped by 15 million bushels. So after this shift, ending stocks are still at 190 million bushels. I view the report as friendly The soybean yield came in at 42.9 bushels per acre for 2010. The wheat numbers were not changed.
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Last Updated Jul 29, 2010 4:07 PM*
| Corn |
| Location |
Old Crop |
New Crop |
| Pro Coop, Gilmore City |
-.45 |
-.50 |
| Green Plains Grain Co., Everly |
-.45 |
-.45 |
| Max Yield, Mallard |
-.47 |
-.52 |
| CEA, Hartley |
-.43 |
-.45 |
| WFS Co-op, Welcome |
-.53 |
-.52 |
| Poet Bio Refining, Emmetsburg |
-.42 |
-.40 |
| Valero, Hartley |
-.43 |
-.38 |
| Lakota Ethanol, Lakota |
-.20 |
-.40 |
| Silver Lake Grain LLC., Ayrshire |
-.38 |
-.50 |
| Ag Partners, Emmetsburg |
-.42 |
-.45 |
| Soybeans |
| Location |
Old Crop |
New Crop |
| Pro Coop, Pocahontas |
.03 |
-.63 |
| Green Plains Grain Co., Everly |
.04 |
-.65 |
| Max Yield, Mallard |
-.01 |
-.67 |
| CEA, Hartley |
-.02 |
-.65 |
| WFS Co-op, Welcome |
-.01 |
-.65 |
| Stateline Co-op, Armstrong |
.02 |
-.65 |
| New Co-op, Pomeroy |
.05 |
-.63 |
| First Co-op, Laurens |
N/A |
-.65 |
| CHS, Fairmont |
.31 |
-.40 |
| Ag Partners, Emmetsburg |
N/A |
-.65 |
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| view all |
| *This information was current as of this date. We believe it to be accurate but assume no responsibility. |
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Disclaimer
Strategic Agri Marketing, LLC, believes each individual's operation is unique. Recommendations and marketing strategies are developed based on each operation’s risk bearing ability and financial condition. The risk of loss in trading commodities can be substantial, therefore carefully consider whether such trading is suitable for you and your operation.
This data and the comments contained herein are provided to you for your purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. NFA Rules require us to advise you that past performance is not indicative of future results, and provides no guarantee your trading experience will be similar to past performance. |
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