USDA

Energy Report

The overnight markets have made a feeble attempt of recovering some of the devastating losses that have occurred in the past 2 trading session. The beans as of 8:00Cst are hovering near 10 cents higher in the session, meal has gained $3, oil increased by 40-50 points, corn increased by 6-8 and wheat has gained 8-10. Its Tuesday and the markets have been punished over the past few sessions, don’t be too quick to jump back on the bull wagon as there has been extreme technical damage and the beans have a gap that should be filled down to 1478 that dates back to June.

Energy Report

Daily Grains Commentary -The overnight markets remain subdued as it’s now just a waiting game for another USDA report. The beans are trading with minor losses so far in the early AM hours, meal has lost a few $’s while oil has gained a small amount. The wheat is trading slightly higher as weather fears in Australia are catching more attention and corn is down a few cents as further long liquidation is taking place.

Energy Report

The overnight market seems to continue to digest the ideas that the yields are still coming in above expectations and that the USDA figures will show significant increases. The beans have eased back by 10-13 cents most of the evening session, meal has lost $4, oil is down 25-30 points, and corn fell by another 5-7 while wheat is standing alone trading on the positive side gaining 2-4 cents.

Energy Report

The music seems as if it is starting to play again as once again the export sales remind us that the world is running out of beans. The beans now have erased all the losses of earlier in the week trading +30, meal has gained $7, oil increased by
30 points, corn increased by 6-8 and wheat has posted gains of 4-5 cents

Energy Report

The overnight trade continues to show that margins are causing $ flow to exit the building as frustration seems to be taking over. The beans have lost double digits again, meal fell by nearly $5, corn gave back 6-8 cents, and wheat has lost 7-8 while bean oil is the shining star trading on the positive side by 3 points.

Energy Report

The S&P is up over 14% on the year, $ follows $ and the world loves equities over nearly everything else, is it any surprise to see a surge in equities yesterday while grains get punished and it happened to be the 1st day of the new quarter?

Energy Report

The overnight session gives a bit for everyone as the market continues to digest the past USDA report. The corn market is the market back on the front page as supplies remain tight. The beans are also tight but not as tight as many had assumed and wheat is also shrinking on the supply side. The bottom line is that the USDA once again was able to absorb some early harvest into the old crop figures and as long as there is early harvest this pattern seems to work. The question is what do they do when there isn’t an early harvest? This is a debate for another time as it doesn’t matter today.

Rice Fields

USDA Rice Outlook Report

Oil Crops Outlook

Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month’s forecast at 210 million.

Crop Progress Report

140,000 United States producers and will visit 42,000 tracts of farm land to collect information. One of USDA’s largest survey efforts, the responses will provide the foundation for estimates in the upcoming growing year. With both data collection and data release taking place over a span of only four weeks, the results will be available beginning on June 29 in the Acreage and other reports. Farmers should watch for their survey and be sure to respond. Your information matters!