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Daily Commentary
Almira Farmers Warehouse - News
3/9/10 AM
CBOT futures moving guardedly before tomorrow's USDA stocks and plantings report. Wags say the new numbers could validate 'heaviness'. Initially negative outside markets also put a drag on commodity prices. Kazakhstan, Central Asia's largest grain producer, plans to sell 600,000 Mt of grain (wheat the likely choice) to South Korea.Kazakhstan wants to diversify its grain exports beyond traditional markets. Shipments will come via Chinese ports.In a regular weekly wheat tender, Japan's Ministry of Agriculture wants to book a total of 152,000 Mt. Shipment is set between April 21 and May 20. The breakdown is: 25,000 Mt of WWW; 20,000 Mt of HRW; 40,000 Mt of DNS; 25,000 Mt of Canadian WRS; and 42,000 Mt of Australian standard white. Local SWW markets need multiple off-shore demand sparks in order to breakout of recent trend lines.
Wednesday will be rainy over most of the Midwest, with some freezing precipitation in the eastern Dakotas, and snow from western Nebraska north through the northwestern Plains. » More DTN Weather Commentary