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The Allendale Wake-Up Call

RSS By: Paul Georgy, AgWeb.com

Paul Georgy serves as president/CEO of Allendale, Inc., a worldwide agricultural advisory and research firm that provides agricultural commodity price research and risk management alternatives for producers, major food companies, international corporations, foreign governments, and major news vendors.
 

Allendale Wake Up Call 10-9-13

Oct 09, 2013

10/9/13

Good Morning! Paul is out of the office this week, celebrating his 40th anniversary. In place of his usual morning notes, Paul thought it would be a good idea to give our non-subscribers a taste of some of our other reports. Have a great week!

Corn 10/8/13: Yesterday saw some active fund short-covering which was met with a good amount of selling. Today the selling was here again but this time without the short-covering or the Chinese buying corn rumor. Sellers were quick to sell back the recent bounce but once this market was within 5 cents of contract lows there was solid support seen once again. Without significant news…More Corn Comments

Soybeans 10/8/13: A turnaround Tuesday dominated today’s trade action as new news to trade continues to be lacking due to the government shutdown. This had yesterday’s buyers becoming sellers today. After a wet weekend that slowed harvest to a crawl…More Bean Comments

Wheat 10/8/13: Weather forecasts suggest some drier weather for the Black Sea region in the forecast, which could result in a few extra hectares of 2014 wheat plantings. However, plantings will still be significantly lower than previously estimated…More Wheat Comments

Lean Hogs 10/8/13: Plugging in our estimates of this week’s kill levels, both weekdays and a 135,000 head run for Saturday, we still think the USDA survey is still not yet up to snuff. This week’s kill would run 4% lower than…More Hog Comments

Live Cattle 10/8/13: While we have heard some estimates of up to 100,000 head of losses from the heavy rains and snows this past weekend in the northwest Plains it looks as though a consensus estimate is around 60,000 head for South Dakota right now. This would represent a 1.5% death loss over South Dakota’s entire cattle herd (3.85 million head). For a nationwide total…More Cattle Commentary

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Call your Allendale Representative with questions at 800-262-7538.

Markets as of 5:00 AM

  • Dec Corn   +1/2
  • Nov Beans   -5 1/4
  • Dec Wheat   -2 1/4
  • Dec Cattle -.02
  • Dec Hogs   +.05
  • Dec Dlr     +2.68
  • Dec S&P     +5.00
  • Nov Crude   -.01
  • Dec Gold    -1.40
Chart of the Day

If you have any questions on any of our material, give us a call at 800-262-7538 or email us at service@allendale-inc.com

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