The Crowley Report 6/7/15

The Crowley Report 6/7/15 Markets ended the week in choppy fashion as the strong dollar and weaker crude provided the pressures. Corn had a defensive stance as cash markets weakened under farm movement. Gulf values were up 3 cents but interior locations were down equally. El Nino watchers continue to monitor sea surface temperatures and are fairly confident that a moderate to strong event will develop. The effects generated by this developing El Nino are thought to be benign to US crops. Domestic weather forecasts continue to look beneficial to the crop with limited areas of concern. After exporting little to no corn in April and May, Brazilian lineups are beginning to grow. Basically, as bean export programs slow down, the corn program ramps [more]

The Crowley Report 6/4/15

The Crowley Report 6/4/15With the developments in Argentina's strike and biodiesel tax as well as news from the EPA on biodiesel mandate, we saw an explosion this week not only on spreads for beans, meal but also in soyoil, especially on Friday. Crush margins are through the roof. This action will support the front months for weeks. Also supporting the front month was the weekly US export sales report was supportive with old crop soybean sales at 11.8 Mil Bu while new crop sales a meager 2 Mil Bu. Argentine oil workers union settled their strike and blockades at crush plants were removed. Weather ahead remains favorable. Corn futures ended slightly lower to end the week, as the EPA’s proposed ethanol mandate more than [more]

The Crowley Report 5/26/15

The Crowley Report 5/26/15 Beans closed lower on Friday, and for the week, setting fresh contract lows. The Midwest weather forecasts lean warm and wet, offering little in the way of threat. The USDA reported 109,400 MT of new crop soymeal sold to Thailand under the daily reporting system. There is a on holiday on Monday for Memorial Day, so the regular weekly crop progress report from the USDA is delayed until Tuesday. The trade is expecting US soybean plantings to have reached 55-60% done. Beans look like they are lining up to test the September front month low around the $9.10 area, before possibly staging a push below $9/bushel. A minor correction to the upside in soybeans isn’t out of the question as funds [more]

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