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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.
 

Tooth Causes Delay

May 30, 2013

Good Morning! Paul Georgy with early morning comments for May 30, 2013 at 7:00 am.  Corn and soybeans are lower as traders take some profits due to a drier 6 to 10 day. I apologize for the delay this morning but an emergency root canal last evening caused some concentration issues. Wet weather will prevail across the north and central corn belt through the weekend. However, those not getting rain are finishing planting corn and soybeans. Spreading will be the feature today as major funds roll out of July into deferred contracts. China’s cancellation of old crop beans yesterday has traders worried there is more shifting to be done. Weekly exports sales will be released tomorrow morning due to holiday. Listen in to the Morning Coffee this morning for more details. Livestock futures are a bit firmer on short covering and a better technical picture. Boxed beef was higher with choice up .99 and select up .40. The feeder index was unchanged yesterday at 132.24. Pork cutout values were up 1.21 on Wednesday. Call your Allendale Rep for more details.

Markets as of 7:00 AM

  • Jul Corn    -3
  • Jul Beans   -9
  • Jul Wheat   -8 3/4
  • Jun Cattle  +.32
  • Jun Hogs    +.22
  • Jun Dlr     -0
  • Jun S&P     +5.50
  • Jul Crude   -.74
  • Jun Gold    +5.60

 

View Today’s Chart of the Day

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Email: service@allendale-inc.com

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