Sep 30, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

EHedger Report

RSS By: Dustin Johnson

Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.

EHedger Grains Market Commentary 6/9/09

Jun 09, 2009
July 09 Corn
+ 9
Dec 09 Corn
466 ¼
+ 8 ¼
July 09 Beans
1243 ½
+ 11
Nov 09 Beans
1074 ½
+ 22 ¾
July 09 Wheat
613 ¾
+ 15 ¾
July 09 KC Wheat
665 ½
+ 12 ¾
July 09 Min Wheat
+ 24 ¾
July 09 Meal
+ 6.1
July 09 Oil
+ 0.05

Corn, wheat and soybeans all closed sharply higher. The dollar was sharply lower and the commodities markets rallied in response. Money continues to pour into commodities and on any given day, the amount of buying (or lack there of) is the main driver of price. There is a USDA Supply and Report tomorrow morning. Most people are looking for the USDA to cut ending stocks for corn and soybeans (estimates are below). I will write a more detailed comment tomorrow after we see what the USDA estimates for next year’s Supply and Demand.

Go to a free two-week trial that includes our hedging recommendations, trades of the day, market recaps or to simply open an account.
Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. The market information contained in this message has been obtained from sources believed to be reliable, but is not guaranteed as to its accuracy or completeness. Market information may not be consistent with current or future market positions of E Hedger, its affiliates, officers, directors, employees, or agents. Recipients assume the risk of reliance on and indemnify and hold E Hedger harmless for any and all losses, costs, or tax consequences incurred as a result of their use of market information.

Log In or Sign Up to comment

COMMENTS (2 Comments)

The last thing we need is for agriculture to go into a recession. I dont think the US economy could handle it at the moment.
11:00 PM Jun 9th
Basis for soybeans in north dakota up to $1.00 a bushel. It was nice to see soybeans up today about a dime but our cash market lost .43 cents 11.43 for old crop. I thought demand and short supply reduced basis. I think we need a farm program that evens the playing field with basis. Its a system designed only for nd users. Remember when we could contract soybeans for l3 and l4 dollars last year at this time.
8:35 PM Jun 9th
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions