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The season-average farm price at $4.30 to $5.10 per bushel is down sharply from the record $6.70 to $7.10 for 2012/13.
Exp Sales 5/02: Corn 13 Net 329,300 Tons; 13-14 656,000 Soy meal 12-13 Nt 93,200 Tons;13-14 55,700 Soybean 12-13Net -109,800Tons;13-141.34m
keep in mind a 32 row planter can plant 58 acres an hour!
Intl pressure from UN to slow the corn use for fuel may get more attention from the US leadership than the pressure from domestic corn users
Global Stocks Surge on Coordinated Action on.wsj.com/t212sN via @WSJ
wsj.com
Dow Surges 490 Points
The blue-chip index notched its largest gain since March 2009, as central banks announced a plan to make dollar funding cheaper for European banks.
Stx have jumped 16 MMT since July! @CornOptionFlow World Wheat Stx 202 MMT - thats alot of wheat to work through -in 2008 they were 126 mmt.
World Wheat Stx 202 MMT - thats alot of wheat to work through -in 2008 they were 126 mmt.
Flopping around like a fish here....markets are dying for something to trade, funny this is how it used to be!!!
What are people not seeing on this Ukraine thing? That is a lot of corn!! @Agridome Bumper Ukraine grain exports back on the agenda.
Bumper Ukraine grain exports back on the agenda....http://bit.ly/r8VLyw
Higher world carryout on everything....So where do we go today??
That is 28 cargos which is 1.5 MMT. If China is going to import 5.5 to 6 MMT a month---this is only one week’s needs....hmmmm
China sources reporting that China crusher had bot 22 cargos of beans since Oct 1 with 6 to 8 more bot overnight.
@Agrivisor @ksetzergrains takes us right back to sub $6!!!
I think someone is missing the boat on this one!!! @Agrivisor @ksetzergrains Ukraine #corn a $25/ton discount to US corn
We've lost about 80 cents/bushel in #corn over the last two weeks....clearly there is a demand brick wall over $7.50-$7.80...#grains
WZ11/CZ11 has gone from nearly $3 this spring to -$.08 today!!!! Wheat is displacing corn, watch out corn balance sheet
a freak blizzard in NZ has led to some milk dumping over the last few days could cause uncertainty around supply for the upcoming season
Looks like weather will be on the side of the farmer for the next 2 wks as in general conditions should improve rather than get worse
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