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Pat Hill DTN Markets Editor

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Tuesday 07/06/10

Guesses, Anyone?

Analysts need to get back to their screens and decide how to incorporate last week's stocks and acreage numbers into supply and demand projections, ahead of the July USDA reports.[Read Full Blog Post]

Posted at 12:57PM CDT 07/06/10 by Pat Hill | Post a Comment

Comments (2)

I think it will be very interesting to see how USDA handles the yield forecast for the current 2010 corn crop. Their forecast up until now @ 163.5 bpa are already above LT trend yield yet the June 1 stocks strongly suggests they overestimated yield for the '09 crop. USDA may not make any change to the yield forecast in July report but it seems to me the benchmark they've set for '10 yields is already set pretty high.

Posted by ken morrison at 10:47AM CDT 07/07/10

i agree ken. we have to hit 160 first. too many problem areas in to many fields in the western cornbelt. wait a minute, i said that last year!could we see another 50 cents on corn? charts look a bit bullish to this untrained eye. i know, im asking for a freebie! dave wiebke

Posted by Unknown at 7:30PM CDT 07/07/10

Out the Window, Out the Windshield

There was time over the long weekend to hear from some producers in various parts of the country, and it sounds as if the view out of the kitchen window and out of the windshield varies a lot.[Read Full Blog Post]

Posted at 11:15AM CDT 07/06/10 by Pat Hill | Post a Comment

Comments (1)

Yes, the market will have an answer. In Ontario, generally the crops look very good with some notable exceptions in Niagara region and the extreme south along the Lake Erie shore. However, its hot....real hot and the good stuff only has a few days left before it starts marching straight back from where it came from. So yes, its up to summer weather moving forward. Ontario is dry, but I observed corn coming into tassel this morning. That's about as early as I've seen it. The other time.....1988..and you know what happened then....We'll see.

Posted by Philip Shaw at 12:04PM CDT 07/06/10

Can Cash Corn Continue the Rally?

The big fireworks displays this weekend had nothing on last week's corn and wheat markets -- but you have to wonder if either can stage an encore this week.[Read Full Blog Post]

Posted at 6:03AM CDT 07/06/10 | Post a Comment

Comments (1)

I'm looking forward to some big fireworks this week in the grain markets. The end users had better be buying.

Posted by Unknown at 7:43AM CDT 07/06/10

Blog Home Pages

	July2010
S	M	T	W	T	F	S
				1 June 1 Wheat Stocks Buildup Where the Corn Is Cash Corn, Wheat Bids Bump Up	2 A Look Back at Wheat Marketings Informa: Corn 13.2 b bu, Beans, 3.385 b bu HRW Protein, Test Weight Update, and Market Advice Cash Indexes Build Gains	3
4	5	6 Guesses, Anyone? Out the Window, Out the Windshield Can Cash Corn Continue the Rally?	7 Biotech Wheat Back on the Drawing Board Macro Forecast - IHS Global Insight Cash Bids Mixed Tuesday	8 Big Gains for Grain Bids	9 Biggest Changes: World Stocks Numbers Another Step Up the Ladder	10
11	12 Mopping Up After the Lockup Cash Soybeans Top Off Big Week	13 Cash Indexes Mixed to Start the Week	14	15 Chicago Wheat Hits 13-Month High	16 Big Rally Sends Wheat Prices Skyrocketing	17
18	19 Wheat Prices Fall Back on Market Correction	20	21 Wheat Indexes Fall on Profit Taking	22 Cash Corn Index Rebounds on Futures Strength	23 Taking Commodity ETFs to Task Early SRW Quality Reports Wheat Indexes Pad Gains	24
25	26 Bean Counters -- For Real Corn Index Sags	27 Grains Council: No Word on Quality Issues for China Corn Shipment Spring Wheat Tour Under Way Indexes Start Week Sliding Downhill	28 Big Advances, So What? Wheat Horse Has the Bit in Her Teeth	29 IGC Monthly Forecast Cuts Wheat Production Another Leg Up for Cash Bids	30 What They Said Spring Wheat Tour Finds 46 bpa Cash Wheat Indexes Up Again	31

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Recent Blog Posts

Informa: Sep Corn 164.8 bpa, Beans 44.1 bpa

Fri Sep 3, 2010 10:41 AM CDT
Informa Economics told clients Friday it expects USDA will peg corn production in September at 164.8 bushels per acre, and soybeans at 44.1 bpa, and it also released a "mostly likely final estimate" of the crop size and yield for corn.

Some Perspective on Russian Wheat Losses

Fri Sep 3, 2010 09:50 AM CDT
Friday's trade started out with Chicago Dec wheat up another dime, and the Financial Times headline reads "Fears grow over food supply."

Allendale: Corn 162.3 bpa, Beans, 43.21

Fri Sep 3, 2010 07:48 AM CDT
The next round of pre-report guesses comes out today, with Allendale now and Informa in a few hours.

Modest Advances for Cash Grain Bids

Fri Sep 3, 2010 06:16 AM CDT
Merchandisers added a few cents to bids on Thursday, while the markets took on a here-comes-the-holiday-weekend feel.

Asia Outlook -- Big Picture

Thu Sep 2, 2010 02:38 PM CDT
Countries in Asia have been the engine pulling the rest of the world through the muck of the economic downturn, but their torque may be tested in the next few months.

Another Giant Step in Cash Wheat Bids

Thu Sep 2, 2010 06:08 AM CDT
More evidence of the strength of export demand, this time in the form of some big sales to Egypt, triggered increases in cash wheat prices Wednesday.

Here They Come

Wed Sep 1, 2010 03:44 PM CDT
It's that time of the month -- pre-report production and yield estimates are popping up, ahead of USDA's September 10 crop production and supply and demand reports.

Quick Look in the Rearview Mirror

Wed Sep 1, 2010 09:32 AM CDT
Ranges of some of the DTN cash indexes in August confirm the impression that HRW wheat was the wild one.

Cash Indexes Fall Back

Wed Sep 1, 2010 06:17 AM CDT
Merchandisers pulled bids for wheat and soybeans lower Tuesday, passing most of the board's losses on to farmers.

Corn Yield Speculations, Early Maturity

Tue Aug 31, 2010 09:51 AM CDT
Over half the producers responding to a DTN poll say their corn is likely to mature 2 weeks earlier than normal, and another 21 percent say it's a week early.

FF Survey Shows Increased Acres in 2011

Tue Aug 31, 2010 08:13 AM CDT
Farmers intend to increase acreage of major crops next year, according to a survey conducted by Farm Futures Magazine, and released this morning at the start of the annual Farm Progress show.

Cash Indexes Finish Mixed Monday

Tue Aug 31, 2010 06:10 AM CDT
Cash wheat indexes gained more ground Monday on corn, and the soybean index fell back from the $10 mark.

Early Corn Yields Talk

Mon Aug 30, 2010 12:34 PM CDT
And that's really all we have at this point -- talk. Depending on who is looking, it seems as if we are about to have a very great or a very disappointing corn harvest.

Cash Beans, Wheat Gain on Corn

Mon Aug 30, 2010 06:09 AM CDT
Cash corn bids finished up last week right where they'd started, while bids for soybeans and wheat showed some gains.

NASS Surveyors at Work

Fri Aug 27, 2010 02:52 PM CDT
Enumerators -- the people who are contracted to trek into corn and soybean fields to take measurements for the monthly objective yield surveys for NASS -- are out in force now.

Cash Indexes Advance

Fri Aug 27, 2010 06:12 AM CDT
Merchandisers raised bids for cash corn, soybeans and wheat Thursday, mostly matching advances in futures.

Agribiz Positive Outlook Confirmed

Thu Aug 26, 2010 10:58 AM CDT
Agribusiness leaders report positive conditions for their companies now, and a majority expect even better conditions 12 months from now.

IGC Cuts Wheat Forecasts, Raises Corn Trade

Thu Aug 26, 2010 08:26 AM CDT
New forecasts from the International Grains Council reflect what we've been reading about the impact of Russia's drought onworld wheat production.

Elevators Pull Cash Wheat Bids Lower

Thu Aug 26, 2010 06:16 AM CDT
Buffered a little by another 1- to 3-cent stronger basis, the DTN cash wheat indexes were down another 13 to 26 cents Wednesday.

Storage Issues, Again or Already

Wed Aug 25, 2010 02:24 PM CDT
Will we ever be finished talking about last year's corn crop? There's still a lot of it clogging storage, and that could have some interesting consequences as combines start rolling this fall.