Grains
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Started by metmike - June 11, 2018, 9:58 a.m.

Getting hammered from the get go after the 8:30am open

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Re: Grains
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By metmike - June 11, 2018, 10:11 a.m.
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                Crop ratings   will be out this afternoon.

From last week:                      

                Started by metmike - June 4, 2018, 5:29 p.m.            

"Crop still in outstanding shape.

Corn 78% GD/EX, beans 75%.

 Cotton only 42% GD/EX compared to 61% a year ago. TX/OK/MO in double digit P/VP from the severe drought. 


https://release.nass.usda.gov/reports/prog2318.txt

NEW with this post

Crop ratings this afternoon will drop a bit(my guess) maybe 1-2% but still be very high.

Rains Sunday may not have come in time to help the ratings for this afternoon but they came in plenty of time to help the crop and the week after that.

Ratings in MO and AR will drop.


By bcb - June 11, 2018, 10:59 a.m.
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As stated over the weekend watch SMN and the 200 day moving avg. It would fill the daily chart gap

By metmike - June 11, 2018, 11:14 a.m.
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Exports inspections just out:

Not bad for corn but down a bit from last week.

Up a bit for beans

Up a bit for wheat.

Not what the market is trading however

https://www.ams.usda.gov/mnreports/wa_gr101.txt

By metmike - June 11, 2018, 1:08 p.m.
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We are having enough rains already in the rain gauges that are dialed into the price with future rains going to be less and less here, that I think we could get some support pretty soon.

SX has now dropped over 80c and CZ almost 40c.

The latest forecasts "may" start trending drier. If that happens, we can start going back up.

However, this is not the time of year to be long unless the market feels there is a potential threat to the crop.

Forecasts trending drier, if that continued would qualify as the start of a threat. 

Don't take this as a suggestion to buy now but do follow my updates as I will try to objectively report changes in the weather(which effects the markets) in timely fashion.




By metmike - June 11, 2018, 2:32 p.m.
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There is a monthly USDA report out tomorrow at 11am CDT. Here is the USDA calendar:

Today, at 3pm they release their WEEKLY crop progress report with the ratings. It looks like you can hit the blue letters below and go to it directly from the forum.........if its been updated.


MondayTuesdayWednesdayThursdayFriday
 June 2018 




  1

3:00 pm ET
- Cotton System
- Fats & Oils
- Grain Crushings
- Peanut Prices
  4

3:00 pm ET
- Dairy Products

4:00 pm ET
- Crop Progress
  5







  6

3:00 pm ET
- Broiler Hatchery
  7







  8

3:00 pm ET
- Peanut Prices
  11

3:00 pm ET - Quick Stats Database
- County Estimates: Poultry 2016-2017

4:00 pm ET
- Crop Progress
  12

12:00 pm ET
- Crop Production
  13

3:00 pm ET
- Broiler Hatchery
  14

3:00 pm ET
- Potato Stocks
  15

3:00 pm ET
- Peanut Prices
- Turkey Hatchery
  18

4:00 pm ET
- Crop Progress
  19

3:00 pm ET
- Milk Production
  20

3:00 pm ET
- Broiler Hatchery
  21

3:00 pm ET
- Livestock Slaughter
  22

3:00 pm ET
- Cattle on Feed
- Chickens and Eggs
- Cold Storage
- Peanut Prices
  25

3:00 pm ET
- Poultry Slaughter

4:00 pm ET
- Crop Progress
  26

3:00 pm ET
- Noncitrus Fruits and Nuts - Ann.
  27

3:00 pm ET
- Broiler Hatchery
  28

3:00 pm ET
- Agricultural Prices
- Egg Products
- Hogs and Pigs
- Peanut Stocks and Processing
  29

12:00 pm ET
- Acreage
- Grain Stocks
- Peanut Prices
- Rice Stocks
By metmike - June 11, 2018, 4:08 p.m.
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Crop condition about as I expected.

https://release.nass.usda.gov/reports/prog2418.txt

Corn -1% to 77% GD/EX

Beans -1% to 74% GD/EX

Still very high ratings.

Cotton GD/EX stayed the same but P/VP increased 5%.........TX/OK

Spring Wheat stlll 70% GD/EX