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RCM Grains Morning Wire 06/19/13

Doug Bergman 06/19/2013 @ 11:11am Originally from a grain and livestock farm in central Illinois, Doug Bergman began his brokerage career at Iowa Grain Company before moving on to a broker/analyst role at MF Global. Doug currently runs the agricultural trading desk at RCM Asset Management, providing trading and hedging solutions to commercial grain and livestock customers as well as speculative traders. Doug provides his customers with timely research and analysis, producing three daily research reports. Doug still takes an active role in the family farm.

COMMODITIES | AGRICULTURE

RCM Grains Morning Wire

 

CN -6 ¾          SN -1/2             WN -2            KWN -1/4            MWN +2  

     HIGHLIGHTS

  • Markets trading mixed to lower overnight in a pretty quiet trade with corn seeing most weakness.
  • Informa to release acreage estimates today with expectations for a 2-3 million acre drop in corn acres and 1-2 million increase in bean acres.
  • US attaché out of China putting China bean production 12mmt, dropping new crop imports of 500 tmt and increasing their old crop bean imports by 500 tmt.
  • South Korea bought South American meal and Black Sea corn
  • Russia sold another 34 tmt of intervention grain.
  • No sales announced on the daily report.

WEATHER

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Bergman Grains Wire 7.26.13 By: 07/26/2013 @ 11:07am DOUG, BERGMAN +1 312-870-1503VP - Agricultural Derivativesdbergman@rcmam.com Market Commentary…

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