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Daily Commentary
Almira Farmers Warehouse - News
2/8/2010 AM Another all-round commodity rebound is in the works today as 'regular outside market drivers' take the 'high road' at the bell.At these futures' price levels, short covering and bottom picking should active and advised. Biofuel initiatives' getting more attention and endorsement; all good for bean appreciation. The USDA will release its February World Agricultural Supply and Demand report tomorrow.Soviets intend to subsidize grain exports. This will allow the government to sell about 2.5 to 3 million MT of excess grain via the UGC state-run trading company.Japan's Ministry of Agriculture is holding its weekly wheat tender to buy 105,000 Mt from the US, Canada and Australia. Shipment set for April 1-30. Tonnage breakdown is: 11,000 Mt of WWW; 22,000 Mt of HRW; 32,000 Mt of DNS; 20,000 Mt of Canadian WRS; and, 20,000 Mt of Australian standard white. SWW track bids should be supported/elevated by Chicago's better performance.
2/8/2010 AM My personal experience with trading in the month of February is OUCH !!!!!!! ......................jb
Light snow will cover the Southern Plains through western and northern Midwest Monday. We may also see some freezing precipitation in the Southern Plains. » More DTN Weather Commentary
