Neutral USDA report with almost nil for surprises and grains responded in kind today – the Jan report will be interesting. This one lived up to its billing. Technicals firming in Corn and Canola, continued sideways action in Beans and Bearish breakdown in Wheat. Fundamentally, Weather in S.America is the only real catalyst with big swing potential and I never believe that too much rain at seeding is as Bullish as the market sometimes makes it, so nothing in the news now to be too Bullish about in the next 2-3 weeks short of a Fiscal Cliff announcement that may drive the outsides higher.
FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm)
#1Canola: Dec $13.29(7) Mar $13.26(5)
#2Y.Pea: Dec $8.43 Mar $8.43
#1Flax: Dec $14.25 Mar $14.37
#2GrLentil: Dec 18.0c
K.Chickpea: Dec 32.5c
#EthWheat: Dec $7.24 Mar $7.38
#2AD13.0: Dec $7.89 Mar $8.25
#2HRS13.5: Dec $7.72 Mar $7.92
– Better pricing may exist in deferred delivery months. See “Deferred Real Values” post coming in a few hours. Marketing Plan Updates/Targets (tonight/tomorrow) will always utilize Real Value prices, reflecting Cost of Carry.
*special “limited tonne” price
Venue confirmed for Thursday!
Kin Hut in Assniboia (between the swimming pool and RCMP detachment) at 5:30pm with supper and presentations starting at 6:00pm. Q&A sessions with myself and Darrin Hicks of DAS and a little Christmas cheer starting around 7pm.
All customers are welcome whether you be on the 2012 crop program or already signed up for the 2013. The only difference between the two crop year sign-ups is eligibility for the iPad draw. A number of phone calls pertaining to that so far, and basically, if you call and we discuss though next year with you committing to the year, you will be able to participate in the draw.
If you haven’t already, Please send a quick text or email to confirm your attendance so we can get a rough guess on food needs.
Who - J-MAS customers, J-MAS employees & DowAgroSciences What - Commodity Marketing Meeting When - 6:00pm thru 9:00pm Where - Either Trifons board room or the Kin Hut in Assiniboia Why - Rotation Considerations for 2013 How - 2 Quick presentations followed by 2 sets of small group questions
If you missed the details on the monthly iPad giveaway, click here.
For tentative schedule of future meetings, click here.
Call, text or reply if you have questions.