No early out CRP!

USDA said this afternoon that they will not allow any CRP to be released early without penalty. They indicated they are no longer as concerned about US corn and soybean conditions as they were once. They also indicated the market is doing its job and

USDA Report Results, 6-30-08

*USDA Acreage and Quarterly Stocks data released this morning: Acreage> Corn= 87.327, vs estimates of 85.676 avg, range= 83.5-87.399, March USDA= 86.014, 2007= 93.6 ***Harvested acreage= 78.94 mil, vs 78.8 in last USDA report. Soybeans= 74.533, vs

Grain Industry Under Stress

The WSJ carried articles today discussing the difficulties facing grain elevators attempting to cope with rising financial needs to conduct routine business, due to price volatility, margin calls, interest expense, credit limits, etc. The fact is there

Sunday Night Grain Outlook, 3-2-08

Sunday Night Grain Outlook By Duane Lowry Sunday, March 2, 2008 OPENING CALL: Corn= steady-better, Wheat= steady-better, Soybeans= steady-better. Weather provided solid and beneficial rains to southern Brazil. Some concern will continue for northern regions

Today's USDA Outlook Forum Highlights

Highlights from this morning’s release of USDA Outlook Forum data> Corn: Yield= 154.9, Production= 12.81, 08/09 Carryout= 1.243. Exports pegged at 2.15 bil, down 300 mil from the current projection for old-crop exports. Corn used for ethanol=