Market Comments for 7/8/08 4:00pm
Basis and Freight 7/8/08 12:00pm (Green indicates increased, red indicates decline, black indicates no change in values)
Truck Decatur IL values--corn cu-33, beans sx+15...CIF values---Jul cu+24/26 (up 1), Jul sq+62/67 (dn 3)...Barge freight--IR 550/575%, StL 400/425%, OR 450/475%, Mid-Miss 575/600%...
Weekly Sales and Inspections
Inspections (estimates in mil. bu) 7/7/08 c 32.4 (30-35), b 9.1 (8-12), w 18.4 (15-20)
Export Sales (estimates in 000 tons) 7/3/08 c 325.9/302.5 new (300-700) , b 465.9 old/176.5 new (325-525), w 668 (200-600), m 158.1 old (25-125), oil 6.1 (0-15)
June
S & D |
Ending
Carryout 07/08 |
Avg Est. |
World
c/o |
Ending
Carryout 08/09 |
Avg
Est |
World c/o |
| Corn | 1.433 |
1.424 |
109.7 |
673 |
736 |
103.3 |
| Beans | 125 |
134 |
49.3 |
175 |
180 |
50.4 |
| Wheat | 254 |
241 |
115.1 |
487 |
496 |
132.1 |
| Meal | 300 |
- |
- |
300 |
- |
- |
| Oil | 2.792 |
- |
- |
2.679 |
- |
- |
| Oats | 45 |
- |
- |
47 |
- |
- |
| Wheat Production | Actual |
Avg |
Range |
2007 |
| Winter W | 1.817 |
1.813 |
1.774-1.850 |
1.516 |
| HRW | 1.030 |
1.038 |
1.000-1.073 |
962 |
| SRW | 572 |
562 |
550-605 |
358 |
| WW | 216 |
213 |
190-228 |
197 |
| Plantings | 6/30/08 |
Average |
Range |
3/31/08 |
| Corn | 87.3 |
85.321 |
79.6-87.4 |
86.014 |
| Beans | 74.5 |
74.203 |
72-76 |
74.793 |
| Winter W | 63.5 |
46.986 |
56.6-49.1 |
46.84 |
| Spring W | 14.2 |
14.321 |
14.1-14.5 |
14.333 |
| Durum | 2.66 |
2.616 |
2.5-2.7 |
2.63 |
| All Wheat | 63.5 |
63.818 |
63.5-64 |
63.8 |
| Cotton | 9.25 |
8.89 |
8.45-9.21 |
9.39 |
| Grain Stocks | ||||
| Corn | 4.028 |
3.925 |
3.55-4.33 |
6.859 |
| Beans | .676 |
.669 |
.615-.743 |
1.428 |
| Wheat | .306 |
.278 |
.247-.461 |
.456 |
Commitment of Traders
as
of 7/1 |
Funds
w/opts |
Fund Chg |
Estimate |
Index |
Index Chg |
| corn |
+184,572 |
-1,761 |
+190,300 |
+417,279 |
-11,031 |
beans |
+92,790 |
+5,389 |
+101,400 |
+168,957 |
+100 |
| wheat |
-19,790 |
+3,514 |
20,300 |
+177,817 |
-1,411 |
meal |
+63,141 |
+7,292 |
+68,700 |
- |
- |
oil |
+25,302 |
+1,077 |
+30,200 |
+72,687 |
+2,594 |
Five day precip forecast by the NWS
See the new USDA maps for major US crop areas...Link here for corn...Link here for soybeans...
Climate tables---% of normal precip in the last seven days for the Midwest and for the High Plains.
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