ATTENTION: Does setting a floor now with UNLIMITED UPSIDE potential, if the market rallies, sound good to you? Call us about the FOUNDATION contract. Kurt- Sidney 688-2307 Tom- Tolono 485-6630 Maynard- Dewey 897-1111
PLEASE BE AWARE: In light of recent developments we have re-evaluated our policy regarding acceptance of corn with traits that are not approved for worldwide consumption. To protect access for all Premier members to all available markets we will NOT be accepting Duracade® corn grown in 2014. A letter was sent to all patrons the week of March 3, 2014 to further explain Premier’s position.
GRAIN FROM BINS Corn & Soybeans delivered now are eligible for FREE DP through Aug 31, 2014
Of note, new crop bean exports are seen at 1250-1450 TMT, didn’t we have ~1.60 mmt announced via flash sale last week???
India’s cabinet approved the sale of 10 mmt of wheat from govt stocks for the domestic market to keep a lid on food prices.
SAGIS reported S African corn stocks at 5.498 mmt at the end of June vs 1.663 mmt at the end of May. Stocks included 2.724 mmt of white corn, 2.774 mmt of yellow corn. They also reported June exports of 359,605 MT.
Russian grain harvest was 35.6 mmt vs 32.5 mmt this time last year with yields running 3.47 mmt vs 2.88 mmt Y/Y. Wheat harvest has totaled 29.2 mmt vs 27.0 mmt last year with yields at 3.60 mt/ha vs 3.06 mt/ha last year.
US ethanol industry pushed back yest against a “one size fits all” proposed federal rules for shipping fuel by rail, saying regulators must distinguish between ethanol and crude oil.
India’s monsoon rains are running 24% above average in the past week according to their weather office.
Reuters reporting US farmers reportedly resorting to white storage bags as alternatives for additional grain storage needs this summer/fall.
S Korea’s CF Cheiljedang made no purchase in their tender for 27,400 MT of US milling wheat
S. Korea’s Daehan bought 27,400 MT of US wheat for Dec shipment. In total, S. Korean millers Group bought 30,700 MT of US wheat for Dec/Jan.
S Korea’s KFA tendered for 61,500 MT of feed wheat
Japan bought 94,586 MT of food wheat from the US, Canada and Australia.
USDA Weekly USDA EXPORT SALES Thursday 7/24/2014 @ 7:30 am
HAVE A PREMIER DAY The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.
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