Exports Push Soybeans Near $10|
descriptionMarket report for Thursday, October 23, 2014
Profit Taking Halts Grain Ralley
Here's a check of the closing farm prices for this Wednesday October 22 after a couple of nice rallies this week. We had a strong marker for most of the day however profit taking occurred. As we see some farmers and also speculators not necessarily too confident. In this higher market so thereforepay to store soybeans long term verses does went with court. Why stock prices today of the December live cattle futures up 8716792. The November feeder futures up a dollar thirty at 23522. And the December hogs. Finished up a dollar 48
Ebola, the Market Bogeyman
@ScottTheCowGuy discusses all the global factors pushing world markets downward, and the effect that is having in the agricultural markets.favored do -- this week because it's been an absolute. Bloodbath on Wall Street delegates that a second let's first get through our prices here in Chicago we had. But the soybeans down about twelve quarters
Why is the Dollar Strengthening?
@ScottTheCowGuy explains how the strengthening dollar is moving the commodities markets.economy's doing better. Then leaves one to believe that we might raise interest rates to slow down any inflation -- any taking off from growing or doing too well too quickly. So the puddles or was there to make sure that we kind of -- even. -- and I even left off with the economy rather something gets too hot to quit because they'll end up burning and dying. So with the rest the world looking at our economy they were doing okay. They think that looks like we could start and would you know. Start raising interest rates would have been which have been basically -- earlier for five or six years and that makes. Other countries and other investors think that they're gonna get a better yield or better return a better interest -- on their capital if it's lodged here in the lives. That's what that means by strengthening dollar of the dollar's getting stronger against other currencies. As they look to be getting weaker and having cut interest rates because there economies are doing -- so they're cutting interest rates because their economies are too well. You're not gonna give his return on capital in most countries are you gonna go look for a country that is doing well the perception is the US is doing well. But then you've got the stock market . The stock market is is this come off part as a late. And that's because. The other side of that coins were maybe not doing as well so keep in mind that there are comment to conflicting stories going on out there out there right now. At the moment and that is what's got investors. Really paralyzed here. So as it comes to farming and marketing. The stronger dollar has been a huge reason why we've come off as of late I guess. There's been a big crop the crowds get bigger we just hear anecdotal evidence of these. Of the yields coming higher -- higher higher. But on top of that just to add insult to injury. Foreign investors have deemed the US a better place for their capital making. The US. Still put that put the brakes on maybe. Raise interest for a little bit which is -- currency stronger which makes us less competitive abroad it -- take more whatever you earned in another country to buy. US products a dollar denominated products in the last. Because of the perception that the US is doing better and folks don't wanna put their money here is driving up the perception of interest rates and that is being. Shown in the strength of the dollar. So as this futures markets come off here and rightly so
Canary in the Coalmine: Commodity Indices
I have Scott Soto did you have investments here on the group for us in Chicago for. My favorite day success of mayors in iGoogle tonight com. And things that you start to get a little bit interesting let's kind of get the details way we have corn up four cents they've. We don't for a quarter andsome point -- I think we can analyze a lot of these we shorts of the people that have shorted the market first. And speculative basis and don't have a lot of money in the account
Don't Buy Into Multi-Year Market Lows
With estimates of record-large crops and the largest corn and soybean ending stocks in nearly a decade, the USDA delivered a blow to the farm markets this week. For farmers, the question now becomes how long will this low-market environment last? Depending upon who you talk to, the answer to thatthe money -- -- poet by two. Out of the money. It's November soybean puts. Be it because it does they're still in the -- being ratio you might have another dollar down soybeans. Well the
Farmers Urged to Wait on Hedge Lifting
Al Kluis, president and managing partner of Kluis Commodities, discusses possible market trends leading up to the bin-busting harvest this fall.think will be surprised next year how much we're exporting. Whether in South America I do look at initial surveys -- that corn acreage likely be down by at least 10% on full season corn. Half the corn produced in Brazil suffering -- corn they plant -- after soybeans. And right now the current price a lot of things cords and -- in the seat -- I anticipate. A pretty good drop in production in Brazil in 2015. I would encourage -- problems you're having over in the Ukraine their corn acreage going to be down because it's very expensive crop to plant. And I think in the US next year we're gonna see people put on less fertilizer. Initial thoughts corn -- down one to three million acres so reduction in acres. In creation of man throwing their weather scare either in South America the US and I'm not wildly bullish picture think somewhere down the long line you can pop those July 15 corn futures
Who's Surprised By Great Crop Conditions?
@ScottTheCowGuy wonders how anyone can be surprised by crop conditions from the CME Group Floor. September 3, 2014.-- But I do think this. We do have some of these we shorts that are winning now. That are late to the party events of this last week. And they are starting to look like
Your World in Agriculture - Expointer Show, Brazil
Hello my name is view era or you're all of that and agriculture. Report cutting off all or blurted you manage those who brazile. I lose these full week the exploiting. Foreign shall always nearly 50000. Attendance Saturday. And I spoke to a lot of farmers. there's an article that got me. What Iaren't waiting. Or. Or are those crises league rule and -- man oil prices . Right it is. President also this. You know ball. Soybean production team two dollars and he's being in Brazil from 91 you
CME Group and 4-H's Risk Ranch
At the CME Group and 4-H Commodity Carnival, future producers can experience real life agricultural risks and how to make strategic decisions. In addition, the Risk Ranch app let's users experience a digital version to bring their steer to market.branch out really came out of the success we had with the market commodity carnival. Physical activity last year. We traveled to about a 120. Staying -- -- in eleven states similar to this year and least about 50004.