ADMIS Noon Grain Comments Thursday, Aug 11, 2011 USDA ...
ADMIS Noon Grain Comments
Thursday, Aug 11, 2011
USDA confirmed today that you do not take big positions into any of their reports. USDA drop in US 2011 corn and soybean supply triggered big up moves in grains. SX is up 35 cents and near 13.36. CZ is up the 27 cents near 7.16. WU is up 18 cents and near 7.03. US dollar is mixed. US Stocks are sharply higher. Crude is higher. Gold is lower (-$17). Funds have been buyers of 20,000 corn, 3,000 wheat, 7,000 soybeans, 1.000 soymeal and 3,000 soyoil. Brazil has been big sellers in soybeans. US farmer is selling corn esp new crop. Limit move in corn triggered some profit taking. There was also a lack of new corn buying with futures up sharply and in front of the harvest. Financial market uncertainty also limits new buying at current prices. USDA lowered the US 2011 corn crop were farmers were reporting it and below the ave trade guess. USDA knocked off 340 mil bu of 2011/12 demand. Most feel this to fit in a carryout of 714 mil bu vs signs demand will actually be down that much. USDA increase in World wheat crop by 10 mmt and feed use 5 mmt. This could explain their drop in US corn exports 150 mil bu to 1750. USDA left China corn crop near 178.0 mmt and imports near 2.0 mmt. Most could see CH12 near 8.25 in Feb. CZ12 will have to gain on SX12 to “buy” acres. USDA lowered the US 2011 soybean crop lower than expected. Some feel better August weather could add bushels to the final crop. USDA also lowered US 2010/11 soybean demand 30 mil bu(-5 crush and -25 exports). Lower crush due to lower soyoil biodiesel demand and lower soymeal exports. USDA also lowered US 2011/12 soybean demand 115 mil bu(-20 crush and -95 exports). Lower crush due to lower soyoil exports and lower domestic soymeal use. Lower US soybean exports was offset by higher Brazil. USDA left China 2011/12 soybean imports at 56.5 mmt. Even though US numbers are “bullish”, World numbers could limit the upside in prices. USDA left US wheat carryout unchanged and near 671 mil bu. A little lower crop and higher feed use was offset by lower exports. USDA dropped wheat planted acres 1.2 mil. Lower acres were offset by a higher yield. By class, HRW and SRW stocks were increased. HRS and white were lowered. USDA raised World wheat crop 9.7 mmt. Increase in FSU(+7.1), India(+1.9), China(+1.5) and Europe (+1.3) offset drop in Argentina(-1.5). USDA raised World feeding 5.0 mmt and end stocks 6.7 mmt. Wheat numbers were bearish. SIGNIFICANT CORN AND SOYBEAN BELT PRECIPITATION EVENTS 141 West Jackson Blvd. Suite 1600A Chicago, IL 60604 www.admis.com
WEST CORN BELT Tdy
EAST CORN BELT Mostly dry with a few insignificant showers
The information and comments contained herein is provided by ADM Investor Services, Inc. (“ADMIS”) and NOT Archer Daniels Midland Company. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of ADM Investor Services, Inc. is strictly prohibited. Again, the information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by Archer Daniels Midland Company. Copyright © ADM Investor Services, Inc.
Tdy-Sat
90-100% cvg of 0.15-0.80” and local amts to 1.75”
Fri-Sun Sun Mon-Tue
90-100% cvg of 0.20-0.80” and local amts to 1.75” Mostly dry with a few insignificant showers 25% cvg of 0.05-0.50” and local amts to 1.0”;
Mon-Wed am Wed pmAug 18 Wed-Aug 19
Mostly dry with a few insignificant showers 50% cvg of 0.05-0.50” and local amts to 1.0”; 80% cvg of 0.05-0.65” and local amts to 1.60”
Freed
The information and comments contained herein is provided by ADM Investor Services, Inc. (“ADMIS”) and NOT Archer Daniels Midland Company. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of ADM Investor Services, Inc. is strictly prohibited. Again, the information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by Archer Daniels Midland Company. Copyright © ADM Investor Services, Inc.
Thursday, Aug 11, 2011
USDA confirmed today that you do not take big positions into any of their reports. USDA drop in US 2011 corn and soybean supply triggered big up moves in grains. SX is up 35 cents and near 13.36. CZ is up the 27 cents near 7.16. WU is up 18 cents and near 7.03. US dollar is mixed. US Stocks are sharply higher. Crude is higher. Gold is lower (-$17). Funds have been buyers of 20,000 corn, 3,000 wheat, 7,000 soybeans, 1.000 soymeal and 3,000 soyoil. Brazil has been big sellers in soybeans. US farmer is selling corn esp new crop. Limit move in corn triggered some profit taking. There was also a lack of new corn buying with futures up sharply and in front of the harvest. Financial market uncertainty also limits new buying at current prices. USDA lowered the US 2011 corn crop were farmers were reporting it and below the ave trade guess. USDA knocked off 340 mil bu of 2011/12 demand. Most feel this to fit in a carryout of 714 mil bu vs signs demand will actually be down that much. USDA increase in World wheat crop by 10 mmt and feed use 5 mmt. This could explain their drop in US corn exports 150 mil bu to 1750. USDA left China corn crop near 178.0 mmt and imports near 2.0 mmt. Most could see CH12 near 8.25 in Feb. CZ12 will have to gain on SX12 to “buy” acres. USDA lowered the US 2011 soybean crop lower than expected. Some feel better August weather could add bushels to the final crop. USDA also lowered US 2010/11 soybean demand 30 mil bu(-5 crush and -25 exports). Lower crush due to lower soyoil biodiesel demand and lower soymeal exports. USDA also lowered US 2011/12 soybean demand 115 mil bu(-20 crush and -95 exports). Lower crush due to lower soyoil exports and lower domestic soymeal use. Lower US soybean exports was offset by higher Brazil. USDA left China 2011/12 soybean imports at 56.5 mmt. Even though US numbers are “bullish”, World numbers could limit the upside in prices. USDA left US wheat carryout unchanged and near 671 mil bu. A little lower crop and higher feed use was offset by lower exports. USDA dropped wheat planted acres 1.2 mil. Lower acres were offset by a higher yield. By class, HRW and SRW stocks were increased. HRS and white were lowered. USDA raised World wheat crop 9.7 mmt. Increase in FSU(+7.1), India(+1.9), China(+1.5) and Europe (+1.3) offset drop in Argentina(-1.5). USDA raised World feeding 5.0 mmt and end stocks 6.7 mmt. Wheat numbers were bearish. SIGNIFICANT CORN AND SOYBEAN BELT PRECIPITATION EVENTS 141 West Jackson Blvd. Suite 1600A Chicago, IL 60604 www.admis.com
WEST CORN BELT Tdy
EAST CORN BELT Mostly dry with a few insignificant showers
The information and comments contained herein is provided by ADM Investor Services, Inc. (“ADMIS”) and NOT Archer Daniels Midland Company. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of ADM Investor Services, Inc. is strictly prohibited. Again, the information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by Archer Daniels Midland Company. Copyright © ADM Investor Services, Inc.
Tdy-Sat
90-100% cvg of 0.15-0.80” and local amts to 1.75”
Fri-Sun Sun Mon-Tue
90-100% cvg of 0.20-0.80” and local amts to 1.75” Mostly dry with a few insignificant showers 25% cvg of 0.05-0.50” and local amts to 1.0”;
Mon-Wed am Wed pmAug 18 Wed-Aug 19
Mostly dry with a few insignificant showers 50% cvg of 0.05-0.50” and local amts to 1.0”; 80% cvg of 0.05-0.65” and local amts to 1.60”
Freed
The information and comments contained herein is provided by ADM Investor Services, Inc. (“ADMIS”) and NOT Archer Daniels Midland Company. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of ADM Investor Services, Inc. is strictly prohibited. Again, the information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by Archer Daniels Midland Company. Copyright © ADM Investor Services, Inc.
