Oct 1, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

AgDay Blog

Standard Grain

RSS By: Joe Vaclavik

Joseph Vaclavik is the president at Standard Grain in Chicago. Standard Grain provides futures and options brokerage to farms, feedlots, elevators, processors, end-users and traders. Visit www.standardgrain.com for more information.


Rebound Overnight, Traders Look to Next Week's Report

Jan 06, 2012


·         Grains rebounding overnight after yesterday’s correction break; Forecasters continue to look for heavier rains through the driest areas or S America next week, with 1.00"-2.00" coverage and even heavier amounts locally
·         Outside markets mostly positive today with a small rebound in the euro; Crude/metals higher, equities flat
·         Export Sales this morning, Pre-report estimates:
o   Wheat                         300k-500k mt
o   Corn                             350k-550k mt
o   Soybeans                      400k-600k mt
·         Informa to release estimates for next week’s report this morning near 10am
Many traders looking for bullish numbers on next week’s report. Despite the change in SAM weather patterns, the markets could still rally next week because of this expectation. We’ve noticed that very few producers have taken steps to hedge or make sales on 2012 corn, much different than the forward sales we’ve observed the last couple of years. Producers should look to price a portion of this coming year’s production on a rally to $6 Dec12, hoping that it will be the worst sale they make this year. Give us a call with questions, we’ll have pre-report trade guesses out next week. 
As always, call the office with questions or concerns.
Joe Vaclavik
(312) 462-4438   
Log In or Sign Up to comment


No comments have been posted, be the first one to comment.


Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions