Sep 19, 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.

Grains choppy ahead of report 9/10/09

Sep 10, 2009
 
SETTLEMENTS 9/10
         
 
Sep 09 Corn
308 ¾  
+ 3 ¼
Dec 09 Corn
315 ¾   
+ 6
Sep 09 Beans
973
+ 11 ½
Nov 09 Beans
925 ¾ 
- 2 ¾  
Dec 09 Wheat
457 ½
+ 1 ¼  
Dec 09 KC Wheat
473 ½
+ 1
Dec 09 Min Wheat
484  
- 2 ½  
Dec 09 Meal
285.5
+ 0.2
Dec 09 Oil
34.22
- 0.06
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
Corn and wheat closed higher and soybeans closed lower. The “trade” is short corn and wheat and long soybeans, so today felt like evening up before tomorrow’s report. Early yield reports continue to come in better than expected for corn and soybeans. This is obviously very early and there hasn’t been nearly enough data collected to give us a good feel for the overall crop size. The USDA report is tomorrow and we will have to see what the USDA says. There haven’t been a lot of bushels harvested yet, so tomorrow’s number may not be as reliable as we may hope. Either way, I will comment on the numbers in more detail in the Weekend wrap-up letter. Please give us a call before or after the report if you have any questions. We are always in the office early talking to customers, so feel free to call in. 
 
 
The average trade guess for US corn production 12.932 vs 12.761 Aug; avg yld 161.5 vs 159.5.  The average trade guess for '08-09 corn carryout 1.712 vs 1.720 Aug; '09-10 1.768 vs 1.621 Aug.
 
The average trade guess for US bean production 3.256 vs 3.199 Aug; avg yld 42.4 vs 41.7. The average trade guess for '08-09 soybean carryout 102 vs 110 Aug; '09-10 226 vs 210 Aug.

 
Get More From EHedger.
 
Our commentaries are just one part of our whole risk management service. Please go to http://www.ehedger.com/sign-up/ for a free two-week trial of our full member website that gives you access to all our hedge and marketing recommendations, educational tools, market snapshots and much more.
Also learn about our acclaimed AMMO Program that helps producers optimize their marketing strategies using the premier tools and insights in the industry.
 
Get Organized. Get Ahead. Get EHedger
 
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

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