Sunday Night Outlook, 1-27-08

Sunday Night Grain Outlook By Duane Lowry Sunday, January 27, 2008 OPENING CALL: Corn= 2-3 lower, Wheat= 4-6 lower, Soybeans= 3-5 lower. Weather provided better than expected and extremely beneficial rains for Argentina during the weekend. Brazil’s

Monday Night Grain Outlook, 1-21-08

Sunday (Monday) Night Grain Outlook By Duane Lowry Monday, January 21, 2008 OPENING CALL: Corn= 4-6 lower, Wheat= 5-8 lower, Soybeans= 10-15 lower. Weather will receive a bearish spin tonight. Argentina received 40% coverage of ¼-3/4, locally 1

Economic and Biofuel Woes

A weekend New York Times article, “Costly Fuel Means Costly Calories”. The article discussed the negative implications of costly global food, blaming it largely on the push to use food sources for energy production. They pointed to a UN food

Large Weekly Export Sales

Wheat= 404 tmt, vs estimates of 300-550 tmt, Corn= 2.37 mmt, vs 1.4-2.4, Soybeans= 965 tmt, vs 300-600, Soymeal= 94 tmt, vs 50-125, Soyoil= 36 tmt, vs 5-20. The trade was already discussing the likelihood of larger sales than the published pre-report

Sunday Night Outlook, 1-13-08

Sunday Night Grain Outlook By Duane Lowry Sunday, January 13, 2008 OPENING CALL: Corn= 8-10 higher, Wheat= steady-easier old-crop, steady-better new-crop, Soybeans= steady-better, but expecting trade on both sides, with old-crop weaker than new-crop.

New Evening Trade Hours

Beginning Sunday, January 13th... The night electronic grain trade will begin at 6:00 cst, 30 minutes earlier. Some say the CME Group has a desire to reach a point of 23 hour trading...in the not too distant future.

Initial Post-report Reaction

*Results from this morning’s USDA Reports> Quarterly Stocks: Corn= 10.269, vs estimates of 10.550 bil avg, range= 10.437-10.800 *This will be seen as very bullish. The market will now begin to believe we can't solve the acreage mix problem

Pre-Report Estimates

*Expectations for tomorrow’s USDA Reports> Quarterly Stocks: Corn= 10.550 bil avg, range= 10.437-10.800 Soybeans= 2.268 avg, range= 2.240-2.316 Wheat= 1.116 avg, range= 1.075-1.150 Final 2007 Production: Corn= 13.109 avg, (152.3 bpa), range=

Sunday Night Grain Outlook, 1-6-08

Sunday Night Grain Outlook By Duane Lowry Sunday, January 6, 2008 OPENING CALL: Corn= 1 lower, Wheat= 1 lower, Soybeans= 2-3 lower Weather should receive a slightly wetter slant for Argentina than Friday’s forecast. The 1-5 day forecast calls for

Monday Night Outlook, 1-1-08

Monday Night Grain Outlook By Duane Lowry Monday, January 1, 2008 OPENING CALL: Corn= steady-better, Wheat= steady-better, Soybeans= steady-better Weather actually appears improved from Monday’s expectations. However, there remain some potential