Seed Consultants Market Watch 12:31 update with Gary Wilhelmi 11/19/2012

first_imgHome Market Market Watch Seed Consultants Market Watch 12:31 update with Gary Wilhelmi 11/19/2012 12:31 updateDollar, off 41 points, accelerates to the down side, and is a weak commentaryCumulative exports 14% corn versus 20% five year average, soybeans 45% vs. 26% and wheat 36% vs. 48%Asian con demand due to slow Brazilian shipmentsCrude oil soars $3.55 to $89 as Mid East conflict threatens to spreadEgypt is a weak peace broker dominated by Muslim brotherhood, as is Turkey12:11 updateDow up 162Crude oil $3.55 higher at $89Turkey brands Israel a terrorist nationAverage US credit card debt rises in 3QUS companies cut investments the most sharply in four yearsDec hogs hanging near $82 or close to the highHedge funds reduce commodity market bets for sixth week or he largest pull back in four yearsGrains and oilseeds on higher glide plain10:44 updateDow up 156 on fiscal hopesHome sales up 2.1%Real estate index at six year highCattle statistics staticPork shows signs of improvement and Dec hog futures near their highUkraine sells 900,000 MT of wheat in first half of November, but 12-1 export cutoff still foreseen20,000 tons of soy oil to unknown, likely ChinaFinancialHopeful talk regarding a fiscal consensus firms equities, but that what we have heard from Europe for months and here at home as well.Goldman sees another 8% decline by years end, in the S&P, on top of the 7% fall since September.If optimism on fiscal cliff agreement flounders, then that becomes a realistic riskExisting home sales and NAHB real estate index will be out todayCrude oil jumps $2.63 to $88.08 on continued Israeli- Gaza confrontationIsrael may be willing to talk cease fire if they are confident that opposition missile capabilities have been crippled, but there are so many threats across the regionLowes forecasts 76% earnings boostGold up $17 at $1730Dollar off 23 at 81.04DAX up .5% as is Spanish indexDow up 137 points to 12,725 with next resistance near 13,000LivestockCash cattle trade at $125 north and $126 down southFull week next week so watch pricingCOF 95% total, 87% placements and 103% marketing’s all about as expectedTo build cattle numbers the plains need rains and dry pattern is quite stubbornPork cutout up $.93 with loin’s up $2.45, hams $3.07 higher and bellies off $2.37Financial market supportive this morningGrain and soybeansDec corn $7.32 up 5 at old line, Jan beans have been back over $14.00 and last at $13.98 with Dec wheat following up 6 at $8.44China will temporarily halt state purchases to build stocks and improve marginsEPA maintains position on ethanol denying waiver on renewable fuelSlow Brazilian corn shipping shifts some demand to US (1.5 MT) into AsiaIndia’s wheat is cheaper giving them the current edgeChina cancels 600,000 tons of US beansBrazil sees 82 MT of beans and Argentina 55 MTPalm oil is at its highDollar flopping back forth, not inspiring exportsIf Dow goes over 13,000 it would assist in grain and soybean values, but has just been vacillating By Hoosier Ag Today – Nov 19, 2012 Previous articleReaction Mixed Following EPA RFS Waiver DecisionNext articleRoyal DSM Becomes Newest Growth Energy Member Hoosier Ag Today Facebook Twitter SHARE Facebook Twitter SHARE Seed Consultants Market Watch 12:31 update with Gary Wilhelmi 11/19/2012last_img

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