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
Saturday, 31 August 2013
EU Wheat Down, Global Crops Getting Bigger
Posted on 02:48 by Unknown
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
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
Friday, 30 August 2013
EU Rapemeal Prices
Posted on 03:49 by Unknown
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
Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from
Famous Quote Of The Day
Posted on 03:41 by Unknown
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
"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
Interesting Chart Of The Day #4
Posted on 03:06 by Unknown
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
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
Morning News Snippets
Posted on 02:03 by Unknown
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
Brussels issued 687 TMT of soft wheat export
Chicago Consolidates Ahead Of Long Weekend
Posted on 00:36 by Unknown
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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