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The Allendale Wake-Up Call

RSS By: Paul Georgy,

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.

Expect Light Volume This week

Dec 17, 2012

Good Morning! Paul Georgy with early morning comments for December 17, 2012 at 5:00 am. Grain futures are mostly higher on light volume. US rains were heavier than expected this past weekend with more in the forecast. South American weather looks more favorable for Argentina with a drier forecast. Timely rains are expected for Brazil. The positive export news last Thursday has traders already talking about a strong sales number this week for soybeans. Basis is steady to higher at the gulf but Mississippi River water levels have traders very nervous. The CFTC commitment of traders report on Friday showed the funds reducing their long positions in corn by more than 50,000 contracts while the small traders (non-reportable category) ended the week by going long 3,800 contracts. This is the largest long liquidation in corn by funds in 18 months. Managed money funds reduced long positions in wheat by 23,210 and increased long positions in soybeans by 16,613 contracts. Headlines out of Washington will be watched closely as trading volume is likely going to be light as the holidays approach. Stay in close contact with your Allendale representative. Boxed beef prices were up .18 for choice and down .34 for select. Pork cutout values were down 1.60 on Friday. Join us for the 25th annual Allendale Ag Leaders Conference January 25th and 26th.
Markets as of 5:00 AM
Mar Corn    - 1/4
Jan Beans   +8 1/2
Mar Wheat   +4
Feb Cattle Steady-Lower
Feb Hogs    Steady-Lower
Mar Dlr     +.01
Mar S&P     +1.00
Jan Crude   -.17
Feb Gold    -5.90
Contact Allendale: 800-262-7538
This material has been prepared by a sales or trading employee or agent of Allendale Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Allendale Inc.’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Allendale Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

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