Sep 2, 2014
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Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Headlines Before the USDA Report....

Jan 08, 2014

Most of the trade and producers are focused on the USDA monthly report, on Friday, which has been volatile over the past few years. There are some alternative headlines that are being digested but have little affect on the trade ahead of the large data dump: 

 

  • China Starting To Once Again Accept More US DDGs: Chinese insider are reporting more broad based acceptance of US DDGs. Reports circulating last week showed that only about 20-25% of imported DDGs were passing through inspections. Now that rate is believed to be closer to 40-50%, and should....Click here for all my comments....  
  • US Grains Council Uncertain About Chinese Imports: According to UGC, China may be unable to meet its initial expectation of importing 7 MMTs of corn from the US this year. Obviously the GrainsCouncil is backpedaling now that China has rocked the boat with the "cancelations." From what I am hearing a delegation from the U.S. Grains Council (USGC) is in China...Click here for my daily report...
  • Ethanol Exports Continue To Impress: US ethanol insiders believing US ethanol exports could more than double this year to over 1 Billion! Margins remain impressively strong and without a major free fall in crude oil prices US ethanol production should continue to impress.  There maybe some setback along the way, but for the most part US ethanol production looks strong. 
  • New Farm Bill Getting Closer: Hearing from Washington insiders that we are getting extremely close to reaching an agreement on a new Farm Bill.  Talk is  that cuts to the SNAP program have been agreed upon but there are still some sticking points in regard to 'milk" and "cotton"... 
  • Farm Futures Magazine Survey: Is estimating 2014 US corn planting intentions at 92.23 million acres. This seems reasonable to me, but may actually end up bing a shade conservative.  I know a lot of folks are talking about fewer corn acres, but I am not sure we make much more of a reduction. In the end...Click here for my daily report...
  • Weather: As the cold weather fades here in the US and rain continues to fall in many parts of Argentina the weather bulls are less excited than they were last week. There are some longer-term dry areas here in the US that we will continue to monitor and may start to gather more attention as we move into the Spring of 2014. 
  • CONAB Production Estimates Out Tomorrow: Don't forget CONAB will be out with their latest round of Brazilian production estimates early tomorrow morning.  Click here for my daily report... 
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