Fleursdumal
फूल की बुराई
limit up again , dimostrazione di forza assoluta
DJ US Cash Grain Outlook: Big Futures Rally Crushes Wheat Basis
By Gary Wulf
Of DOW JONES NEWSWIRES
CENTRAL CITY, Neb. (Dow Jones)--Basis premiums paid for wheat were in
wholesale retreat across virtually all sectors of the U.S. cash grain market
Wednesday, responding to increased country movement caused by a historic
futures rally.
Basis bids for cash hard red winter/spring wheat dropped 5 cents per bushel
in the export market of the Pacific Northwest on Tuesday, while domestic basis
for soft red winter wheat averaged 8 3/4 cents weaker. Merchandisers also
slashed daily spring wheat basis by an average of 4 1/4 cents across the U.S.
interior.
With futures prices surging limit-up, to achieve all-time record highs
Tuesday, one major terminal market in the top HRW-producing state of Kansas
reported net wheat receipts which were nearly 60% larger than a week earlier.
Wheat receipts more than doubled at the bellwether HRS terminal of Minneapolis
on Tuesday as well.
Domestic corn/soybean basis was also weaker Wednesday, with national elevator
bids dropping off by an average of 1 1/4-1 1/2 cents a bushel.
"Lots of basis widening at various terminals," observed Iowa cash grain
dealer Katy Greiner. "It's a very busy time of year. Still lots of old crop
moving, and some combines are starting to run."
Grain sorghum effectively avoided the basis downdraft affecting other
markets, however, with terminals monitored by Dow Jones Newswires raising
nearby premiums by an average of around 3/4 cent.
Wheat futures rallied once again in overnight trading, with most cash
contracts closing 28-30 cents higher, as Egypt purchased another 11 million
bushels of U.S. wheat.
"Wheat buyers seem to be in a panic over available supplies," said Ag
Management Services market consultant Rich Balvanz. "India has said it plans to
stockpile wheat to assure against possible global shortages later next year.
Given this level of buying, little if any wheat will be fed to livestock this
year, except that which cannot be blended into higher-quality supplies for
human consumption."
As such, e-CBOT futures also featured gains of 3-5 cents for soybeans, and
about 2 cents for corn, although December oats were only steady overnight.
National cash price indexes maintained by the MGE currently stand at $8.03
3/4 for soybeans, indicating an average basis level of -88 3/4 cents relative
to September contracts at the CBOT. Domestic cash prices also average $3.13 1/4
for corn (-23 1/2 cents basis September CBOT corn), $6.88 for hard red winter
wheat (-73 1/4 cents basis KCBT December wheat), $7.15 1/2 for soft red winter
wheat (-91 1/2 cents basis CBOT September wheat), and $6.55 1/4 for hard red
spring wheat (-86 1/4 cents basis MGE December wheat). Cash bids currently
average $6.98 3/4 for soft white winter wheat and $7.87 3/4 for durum,
nationwide.
CROP WEATHER
The Joint Ag Weather Facility at USDA said precipitation was largely confined
to the southeastern Plains and northern Delta early Wednesday, although a few
showers had also developed in Montana and the Dakotas, which were delaying the
conclusion of spring wheat harvest.
Hot, dry conditions are advancing winter wheat planting on the southern High
Plains, and corn/soybean harvesting across the Southeast and southern Corn
Belt.
JAWF forecasters said locally heavy rain will continue from Texas eastward to
the Delta on Wednesday, although the threat of severe thunderstorms will shift
into the northern Plains and the upper Midwest later in the week. Elsewhere, a
disturbance lurking near the southern Atlantic Coast has the potential to
become a named tropical storm and turn toward the U.S.
DJ US Cash Grain Outlook: Big Futures Rally Crushes Wheat Basis
By Gary Wulf
Of DOW JONES NEWSWIRES
CENTRAL CITY, Neb. (Dow Jones)--Basis premiums paid for wheat were in
wholesale retreat across virtually all sectors of the U.S. cash grain market
Wednesday, responding to increased country movement caused by a historic
futures rally.
Basis bids for cash hard red winter/spring wheat dropped 5 cents per bushel
in the export market of the Pacific Northwest on Tuesday, while domestic basis
for soft red winter wheat averaged 8 3/4 cents weaker. Merchandisers also
slashed daily spring wheat basis by an average of 4 1/4 cents across the U.S.
interior.
With futures prices surging limit-up, to achieve all-time record highs
Tuesday, one major terminal market in the top HRW-producing state of Kansas
reported net wheat receipts which were nearly 60% larger than a week earlier.
Wheat receipts more than doubled at the bellwether HRS terminal of Minneapolis
on Tuesday as well.
Domestic corn/soybean basis was also weaker Wednesday, with national elevator
bids dropping off by an average of 1 1/4-1 1/2 cents a bushel.
"Lots of basis widening at various terminals," observed Iowa cash grain
dealer Katy Greiner. "It's a very busy time of year. Still lots of old crop
moving, and some combines are starting to run."
Grain sorghum effectively avoided the basis downdraft affecting other
markets, however, with terminals monitored by Dow Jones Newswires raising
nearby premiums by an average of around 3/4 cent.
Wheat futures rallied once again in overnight trading, with most cash
contracts closing 28-30 cents higher, as Egypt purchased another 11 million
bushels of U.S. wheat.
"Wheat buyers seem to be in a panic over available supplies," said Ag
Management Services market consultant Rich Balvanz. "India has said it plans to
stockpile wheat to assure against possible global shortages later next year.
Given this level of buying, little if any wheat will be fed to livestock this
year, except that which cannot be blended into higher-quality supplies for
human consumption."
As such, e-CBOT futures also featured gains of 3-5 cents for soybeans, and
about 2 cents for corn, although December oats were only steady overnight.
National cash price indexes maintained by the MGE currently stand at $8.03
3/4 for soybeans, indicating an average basis level of -88 3/4 cents relative
to September contracts at the CBOT. Domestic cash prices also average $3.13 1/4
for corn (-23 1/2 cents basis September CBOT corn), $6.88 for hard red winter
wheat (-73 1/4 cents basis KCBT December wheat), $7.15 1/2 for soft red winter
wheat (-91 1/2 cents basis CBOT September wheat), and $6.55 1/4 for hard red
spring wheat (-86 1/4 cents basis MGE December wheat). Cash bids currently
average $6.98 3/4 for soft white winter wheat and $7.87 3/4 for durum,
nationwide.
CROP WEATHER
The Joint Ag Weather Facility at USDA said precipitation was largely confined
to the southeastern Plains and northern Delta early Wednesday, although a few
showers had also developed in Montana and the Dakotas, which were delaying the
conclusion of spring wheat harvest.
Hot, dry conditions are advancing winter wheat planting on the southern High
Plains, and corn/soybean harvesting across the Southeast and southern Corn
Belt.
JAWF forecasters said locally heavy rain will continue from Texas eastward to
the Delta on Wednesday, although the threat of severe thunderstorms will shift
into the northern Plains and the upper Midwest later in the week. Elsewhere, a
disturbance lurking near the southern Atlantic Coast has the potential to
become a named tropical storm and turn toward the U.S.
ripeto 50ooo lotti in acquisto ( dei quali evidentemente il 90% erano fakes) ci si aspettava un terzo replay stamattina invece son venuti a più miti consigli
almeno da un lato godo
