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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.

Today Is The Day To Sign Up!

Jan 27, 2014

Good Morning! Paul Georgy with early morning comments for January 27, 2014 at 4:30 am.  

Grain futures are very quiet overnight as a large part of the nation deals with below normal temps. Wheat is supported by the bitter cold weather and concerns of winter kill.

Today is the day you need to sign up for the 26th Annual Allendale Ag Leaders Conference. This year it is online for your convenience. You don’t have to travel to cold and snowy Crystal Lake, IL which will save travel and hotel expenses. The Wednesday and Thursday sessions will be recorded for viewing or reviewing at your convenience. Drew Lerner from World Weather Inc. will be presenting his planting and growing season weather outlook tomorrow. This forecast could help make key management decisions this year.

Register now to get our full price projections, trade strategies, Drew Lerner’s 2014 weather outlook and more right on your home or office computer!

                                                         Full Agenda | Registration       

Corn basis was firmer as farmer selling is minimal. Soybean basis slumps as demand is expected to be moving to South America very soon. Trade will be watching for government announcements at 8:00 am concerning cancellations.

The CFTC Commitment of Traders showed managed funds quiet last week with minimal changes to their net positions.

The March corn contract remains in a trading range with 4.40 resistance and 4.20 support. March soybeans have recently tested support. Friday’s low will be critical support.

The stock indexes are higher although the rest of world is lower as they catch up with Friday’s sharp sell-off in the US.

China’s National Development and Reform Commission said yesterday that hog prices have dropped more than 15% since mid-December due to oversupply.

Severe cold has its grip on the mid-section of the US which should slow movement of hogs early this week. Pork cutout values were .50 higher to close out the week at 88.11.

The Cattle on Feed Report was considered slightly bearish as placements and on feed numbers were higher than trade estimates. Early calls would have to be .25 to .50 lower on the opening. Beef cutout values were lower on Friday. Choice was down 1.29 and select down .68. The CME Feeder Index is 170.34.

Ag Leaders Conference Info

Markets as of 4:30 AM

  • Mar Corn    – 1/2
  • Mar Beans   -0
  • Mar Wheat   +2 3/4
  • Feb Cattle  Steady-Lower
  • Feb Hogs    Steady-Lower
  • Mar Dlr     -.01
  • Mar S&P     +4.25
  • Mar Crude   +.30
  • Feb Gold    +6.20

Chart of the Day


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