Sep 19, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


February 2014 Archive for 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.

 

Comment on Yesterday's Report

Feb 11, 2014

Yesterday, the USDA released their monthly Crop Production report.  The government gave us a "bullish" corn number, yet the market was unable to rally.  This left some farmers and traders scratching their heads.

Remember that yesterday’s report only provided us with an update of the old crop situation, and had very little to do with the new crop situation (although, this year’s ending stocks are next year’s beginning stocks).  Being that this is a futures market, the trade may be more concerned with spring planting conditions, weather, acreage allocation, and ultimately the projections for ending stocks following the 14/15 marketing year.  Yesterday’s report was only one piece of the puzzle, a piece that is becoming decreasingly important as we move toward 2014 planting and another growing season in the United States.      

Questions?  Call Joe at (312) 462-4438.

 

Futures and options trading involves risk of loss and is not suitable for everyone.       

Log In or Sign Up to comment

COMMENTS

 
 
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