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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.

Monday Money Flow Pumps Up Grains

Jan 23, 2012

Good Morning! Paul Georgy with early morning comments for January 23, 2012 at 5:15 am. Grains are higher. This is the sixth week in a row that grain prices were higher on the first trading day of the week. However the last 3 weeks there were sizeable dips during the middle of the week. World Weather Inc says; "Today’s forecast promotes rain across most of Argentina today and Monday with the rain lingering behind on Tuesday in the far north only. Most of the rain will be light to moderate and sufficient coverage will occur to induce a further improvement in topsoil moisture. The improvement will include the central areas in Argentina that were missed by rain during the weekend." Greece and private debt holders could not come to an agreement. The EU Financial Ministers will meet today to decide on what level of restructuring they will accept. The deadline for a sizeable payment by Greece is on the horizon. The USDA Cattle on Feed report released on Friday was in line with trade estimates. On Feed came in at 103%, trade was expecting 103.3%, Placed was 94% of a year ago and trade was expecting 94.2, Marketed was 98% with average estimate of 97%. The report should not have a long last effect on futures this morning. Choice beef was up .46 and select was up.32 on Friday. Pork cutout values were up .87 and futures could see a firmer opening. Thank you to all who attended the

Allendale’s Ag Leaders Conference

for your very positive comments. Drew Lerner from World Weather Inc gave an outstanding presentation with details on how weather could affect crops in the US in 2012. We want to thank our sponsors AgriGold Seeds, CME and MGEX for their support. Next year will be our 25


Annual Outlook Conference. Should be an extraordinary event! Details will follow. Hope to see all of you there.

Markets as of 5:15 AM
Corn: 6 to 7 higher               Beans: 13 to 15 higher        Wheat:7 to 8 higher
Live Cattle: called steady higher                 Lean Hogs:called steady higher
Dollar: .33 lower             Crude: .69 higher                       Gold: 12.60 higher
Allendale Advanced Charts
Bean rallied into the close on Friday and settled above some minor resistance at 11.95 from some recent lows in late Dec/early Jan. There is still a downtrend in place here so we can’t get too bullish.
Nelson Notes from the desk of Rich Nelson
The International Grains Council raised its forecast for world corn production from 853 to 861 million tonnes. World wheat production was similarly raised from 683 to 690 million tonnes.
Contact Allendale: 800-262-7538
There is a significant risk of loss when trading futures and options contracts. This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named, and each investor should consider the appropriateness of trading on this information, based on their objectives. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. Past performance is not indicative of future results.
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