Chicago Markets Consolidate Ahead Of Long Weekend

30/08/13 -- Soycomplex: Beans and meal were mostly lower in light pre-weekend consolidation. In line with recent comments on here, Benson Quinn noted that "Over the last two years, November futures have peaked into new contract highs right around Labor Day and then turned sharply lower on harvest off take." The market is nervous that the same is going to happen again this year, they say. That all

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EU Wheat Down, Global Crops Getting Bigger

30/08/13 -- EU grains closed lower Friday, pressured by a pre-long weekend sell off in the US as weather models call for a good chance of rain for much of the Midwest, coupled by a significant cool down for the early part of next week.


London wheat closed with both Nov 13 and Jan 14 down GBP0.25/tonne at GBP157.50/tonne and GBP159.75/tonne respectively, whilst Nov 13 Paris wheat closed down a

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EU Rapemeal Prices

30/08/13 -- Rapemeal prices on the continent are lower for a third day. Soymeal prices are lower in overnight trade, and the world's 2013/14 rapeseed crop will be a record 64.8 MMT, according to Oil World. Total global oilseed output in 2013/14 will also break all previous records, they add.

Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from

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Famous Quote Of The Day

30/08/13 -- Today's famous quote of the day has been bastardised slightly from the original by Anne Isabella Thackeray Ritchie:


"Give a farmer a fish and you feed him for a day, teach a farmer to fish and he'll complain that it's too wet/cold/hot and dry to fish, bank his "prevent fish" subsidy cheque, buy a Range Rover and sell his fishing quota rights to the Spanish."

Complaints to the

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Interesting Chart Of The Day #4

30/08/13 -- Ladies and genitalmen, today's chart d'jour is a comparison between the 30 year, 20 year and 5 year CBOT front month soybeans seasonal trend.


The thing that sticks out like a Rolf Harris' didgeridoo at a High School music recital is that whilst the 20 year chart does show a degree of increased volatility when compared to the 30 year chart, in the 5 year chart the magnitude of the

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Morning News Snippets

30/08/13 -- The overnight Globex grains are mostly red, with beans down 7 3/4 cents on front month Sep 13 (for which first notice day is today), with the rest 10-14 cents easier. Meal is down USD1.40 on the Sep 13 but USD4-5.00 easier on the rest. Corn trades 1/2 down nearby and 4-5 cents down on the rest. Wheat is 3/4 of a cent up to 3 cents lower.


Brussels issued 687 TMT of soft wheat export

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Chicago Consolidates Ahead Of Long Weekend

29/08/13 -- Soycomplex: The market drifted mostly a little lower in light consolidation from recent gains heading into a 3-day weekend which could prove to be pivotal for beans. Has the recent USD1.50 price rise put in a post harvest jitters top, or are we only pausing for a breather before moving higher? Whether the forecast weekend rains turn up may answer that question. The current

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EU Wheat Falls, Russian Harvest May Be Understated

29/08/13 -- EU grains were mostly lower, in line with declines across the pond in US wheat and corn. The market appears to be struggling with the notion that whilst the world corn crop might be shrinking a little, it is still going to be record one and much higher than output in 2012.


Nov 13 London milling wheat settled GBP1.85/tonne lower at GBP157.75/tonne, and Jan 14 was GBP1.50/tonne easier

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EU Rapemeal Prices

29/08/13 -- Rapemeal prices on the continent lower today on ideas that recent price hikes have been overdone. Consumers appear well-covered nearby and end-user demand is seasonably light.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.nobrtable br { display: none }




Sep13

220.00


-4.00

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Interesting Chart Of The Day - #3 Corn

29/08/13 -- Not quite such a good match with the 30 year seasonal is this year's corn chart (click to enlarge), although the July/Aug dramatic slump is there for all to see.


If the remainder of 2013 is to mirror a "normal" year then the corn lows won't be in yet. The front month closing low for 2013 so far was USD4.55 1/4 set on Aug 13th. Note that a little late August/early September post

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Chicago Market Closing Comments - Wednesday

28/08/13 -- Soycomplex: It was a choppy session, with front month Sep 13 beans posting decent gains. First notice day for that is Friday, and open interest in it has been dropping sharply of late so we can maybe expect some further extreme volatility before the contract expires in a couple of weeks time. There's a long weekend coming in the US, with Monday being Labor Day. Add to that the ever

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EU Wheat Falls On Improved US Weather Forecast

28/08/13 -- EU grains were mostly lower, following a change in the latest US weather forecast to a cooler and wetter outlook for next week.


At the close Nov 13 London wheat was GBP1.60/tonne firmer at GBP159.60/tonne and Jan 14 was down GBP1.95/tonne at GBP161.50/tonne. Nov 13 Paris wheat finished the day EUR2.50/tonne easier at EUR189.25/tonne (around GBP162.50/tonne equivalent).


Toepfer

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All Change!

28/08/13 -- It's a weather market that we're in, and they can be more fickle than I want away, I love this club, plastic Manc Wayne Rooney. The latest forecast indicates a cooler and wetter outlook for the Midwest than what was predicted yesterday, and so we go lower.


"Midwest showers are in the forecast due to a sudden westward shift of high pressure into the Rocky Mountains in the new outlook

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Interesting Chart Of The Day - #2 Wheat

28/08/13 -- Following on from yesterday's soybean chart, I thought I'd take a peek at the 30 year seasonal chart for CBOT wheat and see how that compares with what we've seen so far this year. And here it is (click to enlarge).


A large slice of hope for the wheat bulls out there, a rally in wheat looks overdue. If we are to conform to the pattern of a "normal" year then we can expect wheat

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EU Rapemeal Prices

28/08/13 -- Rapemeal prices on the continent are mostly a little lower, consolidating from some steep gains in the past couple of days.

Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.nobrtable br { display: none }




Aug13
unq
n/a


Sep/Oct13
224.00
-3.00

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The Morning Vibe - What's That Coming Over The Hill?

28/08/13 -- Brazilian agency Agroconsult say that the corn crop there will fall to 76 MMT in 2013/14 versus 80.3 MMT this year. They have the soybean crop to increase from 81.5 MMT to a monster (and record) 88.4 MMT next year. That will test the creaky old Brazilian logistics even further.

The overnight Globex grains are firmer, led by beans which are 12-16 cents higher. Corn is up 4-6 cents and

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Chicago Market Gives Up Some Of Monday's Gains

27/08/13 -- Soycomplex: Soybeans opened higher in follow through trade following yesterday's sharply higher close. However, some calls for a cooler and wetter outlook for the Midwest weather after the long Labor Day weekend holiday sent the market consolidating lower into the close. The trade is still debating the predictions made last week by the Pro Farmer crop tour. Essentially their US

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London Wheat Plays Catch-Up, Paris Ends Flat

27/08/13 -- EU grains closed mixed. London wheat was sharply higher after the markets here were closed for yesterday's Bank Holiday.


London wheat closed with both Nov 13 and Jan 14 GBP4.45/tonne higher at GBP161.20/tonne and GBP163.45/tonne respectively, whilst Nov 13 Paris wheat closed unchanged, having done all its gaining yesterday, at EUR191.75/tonne.


For front month Nov 13 London wheat

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Interesting Chart Of The Day

27/08/13 -- Here's the 30 year seasonal chart for front month CBOT soybeans along with how this year's performance compares underneath. There's a fair bit of similarity, particularly in relation to this latest move, don't you think?


Both charts (click to enlarge them) start with the soybean price on Jan 1st being 100%, and show the subsequent fluctuations in prices as a percentage of that Jan

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EU Rapemeal Prices

27/08/13 -- Rapemeal prices on the continent are sharply higher following steep gains in Chicago soymeal values in the last two sessions. Unfortunately, as we were all on a day off here in the UK yesterday I don't have Monday's prices to offer a direct comparison, but front month Aug 13 is up EUR17/tonne versus Friday, with Nov13/Jan14 up EUR12/tonne.


Latest guide prices for EU rapemeal today,

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Chicago Market Sharply Higher On US Weather Concerns

26/08/13 -- Soycomplex: Beans closed sharply higher, with the November contract coming within 4 cents of the daily 70 cents limit up at one stage, on US weather worries. "A large, stable dome of high pressure has taken control of the North-Central United States, increasing heat and moisture stress. Maximum temperatures in the low-mid 90s F are predicted for the next several days, 6-10 F above

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Paris Grains Jump Whilst London Sleeps

26/08/13 -- Whilst the London market was closed for the August Bank Holiday, French grains followed the lead of the overnight US Globex market, opening sharply higher and posting strong gains at the close.

Nov 13 Paris milling wheat settled EUR6.25/tonne higher at EUR191.75/tonne, Nov 13 Paris corn settled EUR6.75/tonne firmer at EUR177.00/tonne and Nov 13 Paris rapeseed jumped EUR12.50/tonne to

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Chicago Closing Comments Friday - Weather Supports

23/08/13 -- Soycomplex: Beans and meal closed sharply higher on a renewed forecast for hot and generally dry weather to dominate the US Midwest in the week ahead. "Midwest temperatures are trending hotter. Highs in the mid 90s F are predicted Monday in the Upper Midwest, when a ridge of high pressure builds up over the central United States. Minneapolis would reach 97 F Sunday continuing with

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EU Wheat Dragged Higher By US Weather

23/08/13 -- EU grains were lower for much of the day, but edged higher later in the session after afternoon US weather forecasts turned hot and dry for next week. That sent soybean prices soaring, taking CBOT corn and wheat with it, and EU grains tagged along for the ride.


At the close Nov 13 London wheat was GBP1.00/tonne firmer at GBP156.75/tonne and with Jan 14 also up GBP1.00/tonne at

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Pro Farmer Crop Tour: Soybeans

23/08/13 -- The Pro Farmer crop tour is over and here's a list of the results for soybeans in summary format.

This year's pod counts per 3 foot square area versus last season and the 3-year average. States listed in order of production size ie Iowa is the #1 producing soybean state in the US:
.nobrtable br { display: none }



State (Ranking)
2013 Est
2012 Est
3-

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Pro Farmer Crop Tour: Corn

23/08/13 -- The Pro Farmer crop tour is over and here's a list of the results for corn in summary format.

This year's estimated yields versus last season and the 3-year average in bushels/acre. States listed in order of production size ie Iowa is the #1 producing corn state in the US:
.nobrtable br { display: none }



State (Ranking)
2013 Est
2012 Est
3-Year

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Harvest My Arse!

23/08/13 -- The latest UK harvest update on the Farmers' Weekly website provided me with a nice lunchtime chuckle as looks like it's being presented by Graham Norton's more effeminate baby brother who's just transferred across to FWi from his previous job with CBeebies:


Chase me

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EU Rapemeal Prices

23/08/13 -- Rapemeal prices on the continent are mostly a tad lower, following some steep gains in the past couple of days.

Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.nobrtable br { display: none }




Aug13

210.00


-2.00



Sep/Oct13

210.00


-2.00

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Chicago Slumps On Rain

22/08/13 -- Soycomplex: Beans finished lower on overnight rains, although opinion is divided on how much good they might do. "Strong thunderstorms erupted in Nebraska and northern Iowa this morning. Growing conditions have been extremely dry the past 3-4 weeks. While heavy rain is welcome, it is arriving too late in the growing season for maximum benefits," said Martell Crop Projections. This

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EU Wheat Mixed, London Wheat Near Parity With France

22/08/13 -- EU grains closed mixed. US markets are trying to rally on various potential weather scares. Short-term dryness and heat, combined with talk of early frost worries in the Midwest are enough to keep the market on it's toes for the time being. With funds short on corn and wheat, and only sitting on a very small soybean long, the market remains vulnerable to a corrective bounce on issues

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Soymeal At Less Than GBP300?

22/08/13 -- Waiting and hoping that soymeal prices will fall below GBP300/tonne? They're already there, in a manner of speaking.


NWF Ultra Pro-R, rapeseed meal which has been treated to reduce the degradability of the protein in the rumen, can be used as a cost-effective source of the quality protein to partially replace soymeal in the feed ration.

NWF Ultra Pro-R has a higher bypass protein

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More Investment Advice

22/08/13 -- Following on from yesterday's nice winner, Bogart at 7/1, I'm playing with the bookies money today.


Unfortunately there are no sprint handicaps at York, but the opener is a trappy looking 20 runner affair over 6 furlongs.


I'm going to have a little tickle on Ventura Mist, currently available at 12/1, and drawn 19 of the 20.


She stayed on well over 6 furlongs at Newmarket last

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EU Rapeseed Meal Prices Jump Despite Crop Upgrade

22/08/13 -- Rapemeal prices on the continent are sharply higher for a second day in a row, despite Oil World raising their forecast for EU-28 rapeseed production from 20.5 MMT to 20.8 MMT - the second highest on record.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.nobrtable br { display: none }

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Chicago Markets Higher On Weather Concerns

21/08/13 -- Soycomplex: The market finished with decent gains, led by the front end, although deferred positions closed well off the intra-day highs. A Stats Canada 2013 rapeseed production forecast of 14.7 MMT, whist up 11.5% on last year, was well below the 15.5 MMT that the trade was expecting. A drier and warmer outlook to the latest US weather forecasts added support. The US Soybean Export

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EU Grains Close Firmer, London Wheat Overpriced?

21/08/13 -- EU grains closed firmer, with nearby Nov 13 London wheat closing GBP1.45/tonne higher at GBP155.45/tonne and with Jan 14 also up GBP1.45/tonne to close at GBP157.70/tonne. Nov 13 Paris milling wheat settled EUR1.00/tonne higher at EUR185.50/tonne.


Note that this puts Nov 13 London feed wheat at only around a historically low GBP3.00/tonne discount to Paris wheat.

I still believe

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EU Rapemeal Prices

21/08/13 -- Rapemeal prices on the continent are sharply higher today. I'm not too sure why given that soymeal was down USD6.50 in Chicago last night.

One thing that does strike me, having only just got back off holiday, is that the nearby premium that was in the market before I went away has completely disappeared.

Aug13 was an EUR8/tonne premium to Nov13/Jan14 when I was last in the office,

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Fancy A Punt?

21/08/13 -- There's racing again at York today I see.


I've not had much chance to look at the form yet (only got back from holiday on Monday - so still busy catching up).


However the first race (1.55) is a big sprint handicap, which conforms to my requirements.

The two that immediately catch the eye are ABOVE STANDARD as I won on him using the same recently mentioned high draw system here a

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Chicago Gives Up Some Of Monday Night's Gains

20/08/13 -- Soycomplex: It was a classic "Turnaround Tuesday" type trade today, with soybeans giving up some (but only 25% or so) of yesterday's gains. There was a bit more rainfall in today's forecast, which was enough to encourage some profit-taking following Monday's circa 40 cent higher close. "A short-wave disturbance would flatten the ridge of high pressure in the Midwest, allowing 0.50 – 1

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EU Grains Mixed, But Downwards Trend Still Seems Intact

20/08/13 -- EU grains closed mixed after trading mostly lower for much of the day as US markets fell in "Turnaround Tuesday" style after posting solid gains last night. We remain heavily under the influence of a US weather market, although crops in many places are getting bigger and the overall trend is probably still downwards.


At the close Nov 13 London wheat was GBP0.45/tonne firmer at

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Chicago Market Begins Week On The Offensive On Weather Worries

19/08/13 -- Soycomplex: Now that last week's USDA report is a distant memory, we are back to trading the weather. The weekend was a bit drier and warmer than expected, and the forecast for the week ahead is losing some of the coolness that's been a feature lately in exchange for heat. "August rainfall is the key determinant of soybean yields. Very heavy rains optimise the yield. Rainfall has been

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EU Grains Rise On Consolidation

19/08/13 -- EU grains closed higher (with the exception of malting barley) on bargain hunting, short covering, consolidation, call it what you will. It's probably far too early though to say that a bottom has been found and that we've turned the corner just yet.


London wheat closed with Nov 13 GBP0.95/tonne higher at GBP153.55/tonne, Jan 14 was also GBP0.95/tonne firmer at GBP155.80/tonne and

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A Distant View Of The Corn And Wheat Market

18/08/13 -- Wheat is a follower of corn, I'm convinced of that. They key to where wheat prices are headed is therefore where are corn prices going?

The answer to that seems to fairly and squarely depend on whether you think that US corn yields will be higher or lower than the USDA's Monday forecast of 154.4 bu/acre. Some trade estimates are a bit lower, most are higher, with some considerably so

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A Detached View Of The Soybean Market

18/08/13 -- Here I am, not quite "sitting at the dock of the bay" but sat in the bar at the hotel overlooking the pool with the "dock" or jetty just a short hop away. I'm enjoying a beer (obviously) as there isn't much else to do on the day that you are leaving is there? It's currently 4 hours until we catch the speedboat to the airport, so I'd better try and pace myself (yeah, as if).

So what

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Chicago Market Drifts Lower On Pre-Weekend Profit-Taking

16/08/13 -- Soycomplex: The USDA announced 284 TMT of new crop US soybeans sold to China along with a further 126 TMT to unknown. These sales to China are most likely to be shipped in the first half of 2013/14. There are reports that China bought 7-15 Brazilian soybean cargoes for Feb/Mar shipment this week. The robust export program already on the books for new crop US beans is undeniably

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EU Wheat Mixed, Strong Export Pace Support

16/08/13 -- EU grains closed mixed, with nearby London wheat posting a rare up day and front month Nov 13 snapping an eleven session losing streak by closing GBP1.85/tonne firmer at GBP152.60/tonne and with Jan 14 up GBP2.10/tonne to close at GBP154.85/tonne. Nov 13 Paris milling wheat settled EUR2.00/tonne lower at EUR183.75/tonne.


Despite a firmer close today, this was still a bad week at the

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Chicago Market Finds Some Traction

15/08/13 -- Soycomplex: Concerns about a drier weather forecast for the Midwest and very strong export sales appeared to trigger some short-covering. "August rainfall is the main factor affecting soybean yields, the heavier the better. Rainfall boosts pod filling, enlarging the seed size. Iowa is the largest US corn and soybean state and also the driest. Only half of normal rainfall has

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EU Grains Mixed, Is New Crop Corn The Next Threat To Wheat?

15/08/13 -- EU grains closed mixed, but mostly higher, although luckless Nov 13 London wheat extended its losing run to eleven straight sessions despite attempting a rally in early trade. Paris grains were supported by a weaker euro.


At the close Nov 13 London wheat was GBP0.40/tonne easier at GBP150.75/tonne and with Jan 14 down GBP0.35/tonne at GBP152.75/tonne. Nov 13 Paris wheat finished the

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Chicago Market Rebounds On Short Covering

14/08/13 -- Soycomplex: The soy market rebounded on what seems to be short covering. China was confirmed as buying 110 TMT of US soybeans for shipment in 2013/14. Argentine soybean crush workers were said to be staging a one day strike today in the port of Rosario. World Weather said yesterday that they expect favourable crop development weather in the Midwest for the next 10 days. Whilst the

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London Wheat Ends At 19 Month Low

14/08/13 -- EU grains closed mostly lower, with front month Nov 13 London wheat extending its losing streak to ten straight sessions.


London wheat closed with Nov 13 GBP3.35/tonne lower at GBP151.15/tonne, Jan 14 was GBP3.40/tonne easier at GBP153.10/tonne and Nov 13 Paris wheat fell EUR1.75/tonne to EUR182.00/tonne.


Nov 13 London wheat finished at the lowest close for a front month since

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Holiday Update - Brown Is The New Black

Being on holiday here is a bit like attending an international summit of the United Nations (I imagine, I haven't actually been on one) - especially if that summit was being held in Moscow or Beijing - you can hardly move for Russians and Chinese.

One Russian party consists of a well built, very tight Speedo-clad, heavily tattooed, completely head shaven bloke who I've immediately christened

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Chicago Corn And Wheat Set Fresh Lows

13/08/13 -- Soycomplex: It was a particularly choppy day for front month Aug 13 beans, which go off the board tomorrow. That closed down 14 cents, almost on the lows of the day, although other months posted modest gains at the finish. The trade still seems to be digesting the USDA data from yesterday, and trying to decide if they were in reality too low on US yields. Much has subsequently been

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London Wheat Down For Ninth Successive Session

13/08/13 -- EU grains closed mixed. Paris wheat gained a little, helped by a weaker euro, but London wheat fell again, with Nov 13 now closing lower for nine consecutive sessions.


On the day Nov 13 London feed wheat closed GBP0.80/tonne easier at GBP154.50/tonne (the equivalent of around EUR180.00/tonne), and with Jan 13 slipping up GBP0.30/tonne to close at GBP156.50/tonne. Nov 13 Paris

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Chicago Market Up On Friendly USDA Report

12/08/13 -- Soycomplex: The eagerly awaited USDA report came in bullish for soybeans with US yields, production and 2013/14 ending stocks all lower than expected. A cut in yields from last month's 44.5 bu/acre to an average guess of 43.472 bu/acre is what was expected. What the trade got was 42.6 bu/acre. US production of 3.338 billion bushels was the average trade forecast. The USDA came up with

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London Wheat Extends Losing Streak

12/08/13 -- EU grains closed mixed, although London wheat was lower, with nearby Nov 13 setting a new near 14 month closing low. Paris wheat ended the day a bit firmer, after Nov 13 had earlier hit a lifetime contract low of EUR182.00/tonne.


Nov 13 London wheat ended the day GBP0.90/tonne easier at GBP155.30/tonne and with Jan 14 down GBP1.40/tonne at GBP156.80/tonne. Nov 13 Paris wheat

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Massage My Arse

10/08/13 -- MrsN#3 persuaded me to go for a his & hers massage yesterday. What a strange experience that was. My "bird" - I can't spell her name, but it was pronounced "Eye Ooh" was a lovely little Balinese girl of about 20.

It is very odd being told by a good looking 20 year old Balinese girl to take all your clothes off, especially with MrsN#3 in such close proximity.

She very demurely

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Chicago Market Slips Lower Heading Into Monday's USDA Report

09/08/13 -- Soycomplex: Funds continue to liquidate positions ahead of the USDA report on Monday. The latest Commitment of Traders report shows managed money decreased their net long position in soybeans by 31,910 contracts to leave them net long only 45,580 lots as of Tuesday night. Many still believe that the USDA's Chinese soybean import demand estimate of 69 MMT is overstated, given that it’s

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London Wheat Down For Seventh Straight Session

09/08/13 -- EU grains closed mostly lower, with front month Nov 13 London wheat now down for seven straight sessions setting more than one year lows in the process.


London wheat closed with Nov 13 GBP0.75/tonne lower at GBP156.20/tonne, Jan 14 was GBP0.80/tonne easier at GBP158.20/tonne and Nov 13 Paris wheat was unchanged from yesterday's lowest front-month level since December 2011 at

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The View From The Office Window Today

09/08/13 -- Yes folks, this is the view from my office window as I type right now. Royal Island in the Maldives. It's a bit like Blackpool, but without the tower, or the donkeys, or fish & chips, amusement arcades and drunken Glaswegians. And the sea is a bit of a different colour. And there's no dog pooh on the beach. And you can't buy the Sun.

The wifi works though, so I'm able to blog.

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Chicago Market Manages Some Consolidation Following Recent Slide

08/08/13 -- Soycomplex: MDA CropCast estimated the 2013 US soybean crop at 3.215 billion bushels, up 13 million bushels from last week due to favourable conditions in much of the belt. "Rains were abundant across the southwestern Midwest, east central Plains, and northeastern Delta this past week," they said. Customs data shows that China imported a record 7.2 MMT of beans in July versus 6.93 MMT

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EU Wheat Mixed, Have Prices Fallen Enough For Now?

08/08/13 -- EU grains closed mixed. Harvest pressure remains, but there is also a feeling creeping in that maybe wheat prices have fallen enough for now. There has certainly been more activity on the international tender market of late, suggesting that prices at one year lows are stimulating some buying interest, even if most of the high profile business is going to Black Sea sellers.


On the

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Chicago Mostly Lower Wednesday

07/08/13 -- Soycomplex: The USDA reported the sale of 220,000 MT of soybeans to China for the 2013/14 marketing year. The weak dollar was supportive for US export hopes. Brazilian firm Agroconsult estimated the 2013/14 soybean crop there at a record 86 MMT, slightly higher than Celeres forecast of 85.2 MMT, and beating this year's record crop by 5.6%. There continues to be talk of this year's

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EU Wheat Down Again, Nov 13 London Wheat Sinks To One Year Low

07/08/13 -- EU grains closed mostly a little easier once more, with Nov 13 London wheat slipping further below the GBP160/tonne mark to a one year low.


Nov 13 London wheat ended the day GBP1.55/tonne lower at GBP157.75/tonne and with Jan 14 also closing down GBP1.55/tonne at GBP158.75/tonne. Nov 13 Paris wheat fell EUR1.00/tonne to close at EUR183.25/tonne.


Fresh news was relatively thin on

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Chicago Corn Slides To Lowest Since Late 2010

06/08/13 -- Soycomplex: The USDA announced the sale of 110,000 MT of new crop soybeans to China in some fairly routine business. Remember that China need to buy almost five cargoes of beans every working day of the week if they are to import the 69 MMT in 2013/14 that the USDA currently has them down to need. Private crop forecasts are coming in thick and fast, on an almost daily basis ahead of

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EU Wheat Mixed As Harvest Presses On

06/08/13 -- EU grains closed narrowly mixed, partially arresting the recent decline, although harvesting reports from France are improving.


London wheat closed with front month Nov 13 GBP0.20/tonne lower at GBP159.30/tonne, Jan 14 was also GBP0.20/tonne easier at GBP160.30/tonne and Nov 13 Paris wheat rose EUR0.25/tonne to EUR184.50/tonne.


Egypt bought one 60 TMT cargo each of Ukraine and

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Chicago Presses Lower

05/08/13 -- Soycomplex: Informa forecast this year's soybean production at 3.266 billion bushels, down from its outlook in July of 3.376 billion and below the USDA's current outlook of 3.420 billion. Doane Advisory Services estimated the 2013 US soybean crop at 3.333 billion bushels vs. the USDA estimate at 3.42 billion. They have the yield at 43.2 bu/acre vs. the USDA estimate of 44.5 bu/acre.

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EU Wheat Falls Further, Big Crops Forecast

05/08/13 -- EU grains closed lower to start the week on harvest pressure and the outlook for big crops in many places around the globe.

On the day both Nov 13 and Jan 14 London wheat closed GBP3.20/tonne lower, with front month Nov 13 slipping under GBP160/tonne to close at GBP159.50/tonne. Nov 13 Paris wheat settled EUR2.50/tonne lower at EUR184.00/tonne.

The Russian grain harvest will total

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Chicago Soybeans And Corn Set New Lows

02/08/13 -- Soycomplex: Old crop Aug 13 closed at the lowest level for a front month since March 2012, whilst new crop Nov 13 beans finished at a 14 month low. The US weather outlook remains benign, talk of cool and damp conditions for the next two weeks followed by warmer and drier from the middle of August onwards is adopting an almost ideal look. China confirmed that they will auction off 500

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EU Wheat A Little Lower Pressured By Sharp Rebound In Black Sea Production

02/08/13 -- EU grains closed mostly a little easier on continued harvest pressure, even though reports of low protein levels in French wheat persist. The "usual suspects" are lining up with a strong rebound in production this year to aggressively market their wares.


Nov 13 London wheat ended the day GBP0.15/tonne lower at GBP162.70/tonne and with Jan 14 also closing down GBP0.15/tonne at

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EU Rapemeal Prices Rebound

02/08/13 -- Rapemeal prices on the continent staged a little rebound yesterday, which has continued through to today on ideas that prices have fallen enough to flush out some buying interest.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.nobrtable br { display: none }




Jul13

unq


n/a

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Chicago Mostly Lower Despite Strong Exports

01/08/13 -- Soycomplex: Weekly export sales of 78,500 MT of old crop and 1,030,900 MT of new crop - primarily for China (558,000 MT) and unknown destinations (302,000 MT) - easily beat trade forecasts for net sales of 450-600 TMT. The market ignored that, closing sharply lower, with new crop Nov 13 at a more than one year sub-USD12/bu low. A strong US dollar, linked to ideas that the Fed isn't as

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EU Wheat Down As Eastern Europe Prospects Weigh

01/08/13 -- EU grains were firmer for a good part of the day, but turned lower in afternoon trade pressured by a weaker Chicago market once the daytime session across the pond opened.


London wheat closed with front month Nov 13 GBP1.40/tonne lower at GBP162.85/tonne, Jan 14 was also GBP1.40/tonne easier at GBP163.85/tonne and Nov 13 Paris wheat fell EUR2.50/tonne to EUR187.25/tonne. Both London

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EU Rapemeal Prices Continue To Fall

01/08/13 -- Rapemeal prices on the continent continue their fall from grace, and they'd risen to such lofty heights that it's a long way down.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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Jul13

unq


n/a



Aug13

201.00


-6.00

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Chicago Extends Recovery, Will It Last?

31/07/13 -- Soycomplex: The volatility continues, with front end beans and meal putting back in some of the premium they'd given up lately. The prospect of a very large, and probably record, US crop looms but it just isn't here yet. Lanworth Inc actually lowered their forecast for US soybean production a fraction to 3.31 billion bushels, with yields trimmed to 42.9 bu/acre. They left world output

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