Information about grain markets and info to help producers to market crops. See how various grain marketing strategies can effect ones average price. We will be posting various potential trade and option strategies along with marketing decisions made on our mock farms.
Monday, June 18, 2012
Morning Highlights for Monday June 18 2012 from Country Hedging's Chris Steinhoff
Crude oil is down 70 cents…gold is $5.50 lower, silver is 30
lower…Greece situation is still quite fluid but they did have elections…Who is
next inline for a bailout??? Nikkei , Hang Seng and Shanghai were firm…Dow,
Nasdaq and S&P futures are lower…
Corn…rains are light in Indiana and the forecast doesn’t
look real good this week..meanwhile the ECB looks very good in many areas
…some ECB corn will begin pollination soon and some of that corn is under
…weather is becoming critically dry in parts of the ECB
…last Friday Informa raised their acres to 96.759 million.
…farmer movement is slow, but at some point the inverse will disappear
…keep hearing reports of small ethanol plants shutting down until margins
improve…...corn origination is difficultn