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Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Meal Demand..South American Weather to Support Beans?

Jan 15, 2014

Soy traders will be eager to see the latest December NOPA crush numbers which are scheduled to be  released today at around 11:00am CST.  Most of the trade seems to be looking for a number just under 164 million bushels, up a little over 2% from the Nov crush estimates.  The trade is also anticipating another round of large export sales in Thursday weekly USDA data.  The Chinese continue to keep the hammer down in regards to US purchases. Moral of the story, the front-end of the trade remains extremely tight and possibly very explosive to the upside if Brazil can't quickly take some of the pressure off US exporters.  The back-end of the trade remains very uncertain and fearful of record South American production weighing more heavily on the market in the weeks ahead.  Just remember, lots of large traders believe a Brazilian bean crop north of 90 MMTs, coupled with record US plantings and a US carry north of 300 million in 2014 could eventually drive soy prices down to...Click here for my Daily Report...

Is The Brazilian Soybean Crop Getting Bigger? Brazil’s private consultant Agroconsult says its boosting its soybean production forecast to 91.6 million metric tons form 90.7 million in December. That is substantially higher than the USDA’s forecast last week of 89 million metric tons and CONABS 90.3 million estimate. Agroconsult also released estimates....Click for my Daily Report....   

Keeping A Close Eye On Chinese Meal Demand:  There is talk circulating that Chinese feed demand for hogs is tapering back as pork prices come under more pressure. There is also talk that Bird-Flu complications are push poultry feedings down some 10-20%. Lets also not forget....Click here for my Daily Report....

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