Market Matters Blog
Katie Micik DTN Markets Editor

Thursday 01/10/13

Soybean National Average Basis Unchanged
The national average soybean basis of 15 cents under the March futures (green line) is unchanged from last week and is still above the five-year average of the strongest basis at this time. The soybean basis was higher last week along the river in St. Louis and Ohio as barge freight has continued to drop and river terminals that need to move beans to the Gulf are trying to get their product moving ahead of the possible river closure.[Read Full Blog Post]
Posted at 1:34PM CST 01/10/13 by Mary Kennedy | 0 Comments | Post a Comment
Setting Your Alarm for 2013 Market Reports
Farmers, grain merchandisers, market analysts, market observers and outright speculators need to keep the following information tucked away for Friday: Noon Eastern and 11 a.m. Central.[Read Full Blog Post]
Posted at 6:45AM CST 01/10/13 by Katie Micik | Post a Comment
Comments (2)
My guess is that it is going to be a BULLISH report for one simple reason. The U.S. was crippled by the drought last year and left us with very small grain stocks. The USDA being a political tool of the government can manipulate statistics any way they want. What do they want? They want a larger food supply. How do they get it? They pump up prices. Who wants to plant more acres if prices are down? Mike Florez
Posted by mike florez at 9:38AM CST 01/10/13
The governments are trying to keep food prices low. They will do anything to keep them depressed. For that reason, I don't think you will see an absoulte bullish report. Prices are low now with our input costs being so high. The politiions, economist, and our gov't keep calling our grain prices high. This is to brainwash the public and we farmers into thinking that they are high. Don't sell your wheat until we gain back at least $1.00 per bushel.
Posted by HARVEY KOUNTZ at 10:40AM CST 01/11/13
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