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Slightly lower corn and canola, good opportunity before the next run-up

Important Dates to remember.

Please remember that Memorial Day is just around the corner. Please make sure to have all your dairy needs ordered NO LATER THEN May 25th. It is very important to get the loads scheduled to insure delivery on the date you requested. 

There will be no trucks or vendors open on MONDAY 5/30

We will not be able to get you any loads MONDAY. Tuesday will not have early AM delivery available unless ordered in advance.

Have a safe Memorial Day!

Friday, May 27, 2016 - Advice on Protein Prices

The quote below is from the 5-26 Van Trump report and concerns the very big spike in soymeal prices over the past 60 days. Soybean meal for the July contract went from $269.60 on April 8 to $415.30 today. Why? The comments below are a large part of the explanation. I would expect lower protein prices sometime in the next 30-60 days. If we don’t get the reasons are related to Brazil, Argentina and other macroeconomic factors and not supply and demand.

“Keep in mind meal has now moved to highs not seen since late-2014 and the traditional fundamentalist are scratching their head as the "cash market" seems somewhat non-responsive. Most of the traditional fundamentalist will tell you a setup like this could end at any moment with the bullish rug being ripped out form under the market in the blink of an eye. I would agree, especially if we are talking about the markets a few years back. Today's markets however are much more complex and different than in years past. Sector allocations and cross-hedging by the funds have added a new twist. As we can see in today's market the funds continue to defend their extremely long position in the front-end, just as I had anticipated. Their position is not based on traditional fundamental reasoning or on historical supply and demand data. It is more complex and wide-reaching. They are trying to protect assets in various classes and *dark-pools and are using markets we are not accustom to seeing them in... i.e. the soybean market!”

* - Dark pools are offshore non regulated trading platforms – outside the regulation of SEC/US Treasury and not on BT/NYSE/NYME.      We are talking for Pirates and friends of Putin. If you have to ask you shouldnt be trading there.

Wednesday, March 30, 2016 End of China's Corn stockpiling Threatens Global Feed-grain Trade

Grain traders worried on Tuesday about the risk for reduced demand from China after the government said it would scrap its corn stockpiling program at a time when global markets are awash with excess supplies.

Traders said importers in China would likely reduce purchases of farm products used to feed livestock, including sorghum and the ethanol byproduct distiller's dried grains (DDGs). They said the policy shift is expected to bring domestic corn prices in line with cheaper foreign supplies. 

Read More HERE!

Wednesday, March 23, 2016 - Will South America's Corn Crop Hurt US Exports?
The two biggest U.S. competitors for soybean sales on the world market, Brazil and Argentina, are making inroads in the corn market. They are forecast to limit the U.S. share to 32% this marketing year, a drop of 5 percentage points from last year, says USDA. U.S. corn exports of 42 million tonnes would be the smallest since the 2012 drought, although still the largest in the world.

Read More HERE!

Tuesday, February 16, 2016 - A Weather Market for Corn in 2016?

Nearby corn futures remain above the early January lows, but continue to struggle under the weight of a number of negative market fundamental factors. Those negative factors include both supply and demand considerations.

On the supply side, domestic corn production has been large for three consecutive years and the USDA now projects 2015-16 marketing year ending stocks of U.S. corn at a 10 year high of 1.837 billion bushels. 

Read more HERE!

Tuesday, October 13, 2015 - Corn not going down anytime soon!

The USDA's October 9 Crop Production report forecast the 2015 U.S. corn crop at 13.555 billion bushels, 30 million bushels smaller than the September forecast and 660 million bushels smaller than the 2014 crop. The U.S. average corn yield is forecast at 168 bushels, 0.5 bushel above the September forecast, and harvested acreage is forecast at 80.664 million, 437,000 below the September forecast.

Commentary following the release of the report suggests that some observers believe that the corn crop is not as large as the current USDA forecast. One of the factors cited as evidence that the crop may be smaller than forecast is the strong basis levels in many markets. - Read more HERE!

Current US Drought Monitor - New map released each Thursday

NATIONAL DAIRY MARKET NEWS AT A GLANCE - For the week of May 4-8, 2015

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