|
Been Thinking...
“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.” John Maynard Keynes DFE Cash Bids
Quotes retrieved on January 17, 2019, 11:39:26 PM CST
November WASDE Report
Outside Markets
Quotes retrieved on January 17, 2019, 11:39:26 PM CST
Board of Directors
|
Thursday Mid-Day Comments
MID-DAY MARKET DIRECTION: Corn up 5-6; Beans up 14-15 The grains and oilseeds are finding mild follow-thru support as the markets attempt to rebound from sharp losses on Tuesday. Today’s strength follows yet another group lowering Brazilian soybeans production. The outside markets are mixed with weakness noted in world vegetable oils. The US dollar index is mixed while equities and crude oil are under pressure. The weather outlook for Brazil now looks a touch drier than normal for most of the growing regions while the far northeast region will continue with well-below normal rainfall. The outlook for Argentina turns drier for the weekend and first half of next week before another front brings soaking rains to all areas later next week. The U.S. Department of Agriculture will temporarily reopen its Farm Service Agency (FSA) offices starting on Thursday to help process farm loans and tax documents. A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. The action is the latest in a long list of actions taken to fight what some in the Trump administration call China's cheating through intellectual property theft and illegal corporate subsidies. A U.S. EPA rule to allow sales of higher-ethanol blends of gasoline year-round is being delayed by a partial government shutdown, the acting Administrator Andrew Wheeler said; the rule, a key campaign promise by President Donald Trump to farmers, an important constituency, was announced in October and would aim to expand the market for corn-based ethanol. A Robobank analyst says China’s pig population is expected to drop between 10% to 20% by the end of 2019 because of the impact of African Swine Fever. China’s Ministry of Agriculture said pig stocks has fallen 4.8% in the fourth quarter of the year due to the disease. EIA January Short Term Energy Outlook forecasts US retail gasoline prices to average $2.47/gallon in 2019 versus $2.73 in 2018. Brent crude oil is expected to average $61/barrel in 2019 and $65/barrel in 2020. Summary Items: 2018 Crop Insurance Prices
Corn - $3.96 Spring Beans - $10.16 Spring
|
||||||||||||||||||
|
Managed Money Activity
Grain Acceptance Policy
Danvers Farmers Elevator will not accept grain containing transgenic events that are not approved for U.S. Export Markets including, but not limited to, Canada, China, South Korea, The European Union, Japan and Mexico.
CME Futures Markets
Quotes retrieved on January 17, 2019, 11:39:26 PM CST
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.
|
|||||||||||||||||||
