Export Sales

8-30-07, 7:40 am, Export Sales data: Wheat= 1.231 mmt, at the high end of estimates. Corn= 173 tmt old-crop, 1.433 mmt new-crop, above expectations. Soybeans= a net minus of 83 tmt for old-crop, 404 tmt new-crop, overall at the low end of expectations.

CCC to Release Wheat Stocks?

There are rumors this morning that CCC may release wheat stocks from its reserves that total approximately 40 mil bushels. Duane

Results of Egyptian Wheat Tender

8-28-07, 7:40 am, Egypt purchased 85 tmt Russian wheat. No US wheat was sold to Egypt today. This may be seen as a bit disappointing and wheat may not be able to sustain the overnight market gains. Recent US cash wheat basis has suggested further export

Sunday Night Outlook, 8-26-07

At 5:25 pm, Weekend weather provided beneficial rains for most of the central and southern Midwest. A few areas of the Delta received rains that may still offer some benefit. China is in fine shape. Australia and Argentina's forecast is similar to

Food or Fuel

As the new farm bill discussions evolve, it was certain that at some point the "food or fuel" discussion would escalate. For many agricultural companies, this is a delicate issue and one that has been purposely avoided in any public statements

Nervous Speculators

8-15-07, 8:40 am, While I have discussed multiple times in my morning comments the vulnerability of the stock market and its potential to nervously influence speculator activity in the grain trade, we may now be approaching the point where this pressure

Pre-report Estimates

USDA will update their crop production estimates at 7:30 Friday morning. Here are the pre-report trade estimates: 2007-08 Crop Production> Corn= 12.909 avg, range= 12.640-13.201, July USDA= 12.840, 2006= 10.535 Yield= 151.2 avg, range= 147.96-154.5,

Linn Group Estimates

Chicago Brokerage Firm, Linn Group, released the following US production estimates Friday afternoon: US Corn= 154.5 bpa. US Soybeans= 42.4 bpa.

Informa Estimates

Infomra released the following US production estimates at 10:30 this morning: Corn= 153.3 bpa, 13.09 bil bushels Soybeans= 42.7 bpa, 2.70 bil bushels All Winter Wheat= 1.558 bil, vs 1.562 last USDA Spring Wheat= 519 mil, vs 498 last USDA *In relationship

Parade of Private Estimates

FCStone released their production estimates Wednesday afternoon, providing the first of many estimates to be released before USDA weighs in next Friday. FCS's corn estimate was 12.644 bil bushels, a 148 bpa. This was certainly below the general trade