Cash Basis At Expiration of January Soybean Futures

January 14, 2014

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The January soybean contract expired today. Of the 13 sites listed, the soybeans futures contract came within ¢0.10 of only 4 of them. The export terminal in the gulf had the highest cash basis at ¢0.98. The export terminals in the gulf are only about 38 percent full, which is likely contributing to the large basis.  A […]

Posted in: Commodity Spotlight

Morning Commodities Report from Allendale for September 28, 2012

September 28, 2012

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Wheat and corn surging this morning on the back of a reduction in stocks. The lingering questions I have is “How much will be sold at these price levels?” Recent export sales number revealed a mere 400 metric tons of corn sold in the previous week.  Will be looking closely over the next few weeks to see how sensitive price is […]

Posted in: Morning Coffee

Morning Coffee: Economic Calendar for September 28, 2012

September 28, 2012

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France & Italy unleash a slew of economic data this morning with personal income & outlays for August being released in the U.S. at 8:30AM. Chicago PMI and consumer sentiment will be released after market open. Recent Blog Posts At The Mays Report Weather Outlook for Upcoming South American Corn & Soybean Growing Season South American Corn […]

Posted in: Morning Coffee

Afternoon Commodities Report from Allendale for September 27, 2012

September 27, 2012

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Closing prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.1675 -0.0800 Dec 2012 Wheat $8.5525 -0.1400 Nov 2012 Soybeans $15.7025 -0.0275 Oct 2012 Soybean Oil (Metric Ton) $52.1900 +0.5400 Oct 2012 Soybean Meal (Metric Ton) $475.5000 -2.3000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook for […]

Morning Commodities Report from Allendale for September 27, 2012

September 27, 2012

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Early trading prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.1700 -0.0775 Dec 2012 Wheat $8.6850 -0.0075 Nov 2012 Soybeans $15.6575 -0.0725 Oct 2012 Soybean Oil (Metric Ton) $51.9000 +0.2500 Oct 2012 Soybean Meal (Metric Ton) $479.7000 -3.6000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook […]

Morning Coffee: Economic Calendar for September 27, 2012

September 27, 2012

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Many market moving reports being released today beginning with GDP in Great Britain. At 8:30AM the last estimate of U.S. Q2 GDP followed by durable goods orders and jobless claims. After market open August pending home sales followed 30 minutes later by the weekly natural gas status report. The Kansas City Federal Reserve reports the status of manufacturing in […]

Posted in: Morning Coffee

Afternoon Commodities Report from Allendale for September 26, 2012

September 26, 2012

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Closing prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.2475 0.0000 Dec 2012 Wheat $8.7000 +0.0075 Nov 2012 Soybeans $15.7325 -0.3825 Oct 2012 Soybean Oil (Metric Ton) $51.6700 -1.4200 Oct 2012 Soybean Meal (Metric Ton) $475.5000 -9.7000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook for […]