Archive for July, 2012

Thursday, July 12, 2012 @ 03:07 PM
posted by Administrator

The first edition of The FAACTs newsletter is available by clicking the link below.

The July 2012 Edition Features:
-Drought Area Larger Than Last Year
-Transport of Wild Appearing Hogs
-FAACT Missions
-Who Is the Humane Society of the United States?
-Humane Society Pressures Restaurants
-Cracker Barrel
-National Pork Producers Council on Food Companies’ Decisions on Sow Housing
-Domino’s Pizza says “NO” to HSUS
-Bank of America Partners with Humane Society of the United States

FAACT Newsletter Volume 1

Friday, July 6, 2012 @ 09:07 AM
posted by Administrator

AgResource producer sources suggest that US corn and soy conditions/yield potential have dramatically declined this week with corn not unfurling in the overnight cooling and ears that have no silks to be pollinated. Soybeans have stopped growing and are wilting under the afternoon heat. Another 3-5% decline in corn/soy GD/EX ratings is forecast for Monday with US corn yield potential now under last year’s 147 BPA. ARC argues that US 2012 soybean yield potential is under 40 BPA – and in fast retreat as larger share of the soy crop blooms.
The Central US forecast is little changed from prior days with the searing heat to relent across the Midwest on Sunday. Unfortunately, the chances for a soaking rain are poor over the next 10 days. A “ring of fire” weather/rain pattern will prevail for the next 3-4 days with showers arcing over the top if a high pressure Ridge. Rains are slated for the W and N Plains, MN, WI and MI and southeast through the Ohio Valley. Totals will range from .25-1.00”.
To the south (vast majority of the Midwest) rainfall totals are estimated in a range of .1-.6” with the frontal pass – with coverage pegged at 60-65% of
the area on Sunday/Monday. Such rain falls well short of crop needs or the ability to restore soil moisture.
Next week’s forecast calls for seasonal temps with highs ranging from the
80’s to the lower 90’s. Little or no rainfall is forecast for the Midwest as a front will be stalled across the lower Delta and the Gulf States with rainfall potential of .4-1.50”. A dry flow will persist across the Midwest into July 17
The Indian monsoon will continue to sputter for the next 10 days which is harming the soybean and ground nut crops. Crop worry is on the rise.
Without a soaking rain, any break in CBOT prices will be short lived/shallow.

Monday, July 2, 2012 @ 11:07 AM
posted by Administrator

DTN Early Word Grains 07/02 06:08
Grains Stage Solid Rally to Start July
Corn futures are higher on the electronic session at 6 a.m. CDT; soybeans
futures higher; wheat higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 19 1/2 higher (Dec), Soybeans 14 1/2 higher (Nov),
Wheat 8 1/2 higher (Chi Sep).
CME Globex Recap: Grain contracts broke from the opening gate strong Sunday
evening with December corn moving almost 30-cents higher while November
soybeans jumped 28-cents higher. However, within a couple of hours both
contracts had given back about half of the opening rally. Support came from
weekend rains over parts of the Midwest that were less than needed and
forecasts for continued hot and dry conditions. Tight supplies are reflected in
no deliveries reported for corn, soybeans, or Chicago wheat.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 277.83 points higher
Friday at 12,880.09. The overnight session saw the Dow Jones futures trade 5
points higher, indicating the market could see continued buying interest
Monday. Asian markets were mostly higher though the Nikkei was down 3.30 points
at 9,003.48. European markets were higher. The overnight crude oil market was
$1.67 lower at $83.29 while Brent crude was $2.28 lower at $95.52. The August
gold contract was $13.20 lower at $1,591.00 while the U.S. dollar index is
0.133 higher at 81.760. Soybeans at the Dalian exchange were higher while
Malaysian palm oil futures were also higher.