Click on this link for Dr. Aaron Smith’s Weekly Crop Marketing Comments – CropComments053113 Continue reading
31
May
2013
Category Archives: Marketing
26
Apr
2013
Weekly Crop Marketing Comments
26
Apr
2013
|
Price |
Change |
|
| U.S. Dollar |
82.58 |
-0.27 |
| Crude Oil |
92.88 |
-0.06 |
| Dow |
14,741 |
+198 |
Soybean prices are mixed while corn, cotton, and wheat prices are down for the week. The U.S. 1st quarter Gross Domestic Products (GDP) released today was 2.5%, less than the 3.2% that economist expected. Continue reading
12
Apr
2013
Weekly Crop Marketing Comments
12
Apr
2013
|
Price |
Change |
|
| U.S. Dollar |
82.33 |
-0.27 |
| Crude Oil |
91.09 |
-1.61 |
| Dow |
14,865 |
+300 |
Corn, soybean, and wheat prices are up while cotton prices are down for the week. The Dow was down most of today, but managed to return back to its all-time high of 14,865. USDA released their monthly supply and demand report April 10. The U.S. numbers for the most part were considered neutral to friendly while the world numbers were mostly bearish. Continue reading
11
Apr
2013
Comments on the April 10 USDA Supply & Demand reports
11
Apr
2013
Corn
In light of the March 28 Grain Stock’s report, this month’s USDA report was neutral to friendly for U.S. corn stocks but bearish on the world numbers. U.S. corn ending stocks increased 125 million bushels to 757 million bushels, but the trade was expecting on the average 824 million bushels. Continue reading
05
Apr
2013
Weekly Crop Marketing Comments
05
Apr
2013
|
Price |
Change |
|
| U.S. Dollar |
82.63 |
-0.55 |
| Crude Oil |
92.95 |
-4.54 |
| Dow |
14,565 |
-14 |
Wheat prices are up while corn, cotton, and soybean prices are down for the week. A disappointing jobs report released Friday reflected weaker than expected jobs growth for March. This has led today’s decline in the Dow. Toward the end of the week the Bank of Japan unveiled changes to its monetary policy with the effects of a drop in the yen and strength in the dollar. Continue reading
01
Apr
2013
Weekly Crop Marketing Comments
01
Apr
2013
Cotton prices are up while corn, soybean, and wheat prices are down for the shortened trading week through March 28. Grain markets responded negatively March 28 to the bearish grain stocks reports led mainly by surprisingly bearish corn stocks. Follow through electronic trading April 1 indicates the bottom has not yet been found. Corn prices particularly are having trouble with the larger than expected stocks. Continue reading
28
Mar
2013
Profitability Outlook Update
28
Mar
2013
Prices have been updated after today’s USDA Grain Stocks and Prospective Plantings reports. Please note that I added a row on the bottom with breakeven prices at average yields and the specified costs including variable, land and fixed cost. Prices will vary depending on location and buyers. Overall, after today’s reports cotton’s profitability improved slightly while grains dropped some from after the March 8 USDA report. Continue reading
22
Mar
2013
Weekly Crop Marketing Comments
22
Mar
2013
|
Price |
Change |
|
| U.S. Dollar |
82.53 |
+0.06 |
| Crude Oil |
93.87 |
+0.05 |
| Dow |
14,512 |
-2 |
Corn, soybeans, and wheat prices are up while cotton prices are down for the week. Markets most likely will be positioning themselves leading up to the March 28 USDA reports on grain stocks and planting intentions for the 2013 crop. Continue reading