tag:blogger.com,1999:blog-11714461088541548352012-01-30T19:20:48.429ZNoggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comBlogger75991100tag:blogger.com,1999:blog-1171446108854154835.post-64356419496944615602012-01-30T16:18:00.007Z2012-01-30T19:20:48.436Z

30/01/12 -- EU grains finished mixed with front month Mar 12 London wheat up GBP0.45/tonne to GBP165.00/tonne but other old crop months GBP0.50/tonne lower. Mar 12 Paris wheat was unchanged at EUR209.00/tonne.The markets drifted sideways. Negative influences were another bout of Eurozone jitters with the newswires awash with stories of Portugal getting dragged further into the mire.Their

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-14435182988136460662012-01-30T14:01:00.003Z2012-01-30T14:27:38.817Z

30/01/12 -- The overnight grains began the week lower for the first time in seven weeks. Beans finished the Globex session around 14 cents lower, with corn down 7-8 cents and wheat down 6-10 cents. Crude is a bit weaker and the US dollar a little firmer.There was apparently some rain for parts of Argentina over the weekend, with the Rosario Grain Exchange saying that some areas have had up to

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-86235162577606369002012-01-30T12:49:00.001Z2012-01-30T12:50:48.101Z

30/01/12 -- Rapemeal prices on the continent are slightly easier in the main today, only partially reflecting Friday night's and this mornings losses in Chicago soymeal. Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Feb12 186.00 -1.00 Mar12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-22565317309808663992012-01-30T10:08:00.002Z2012-01-30T10:13:33.078Z

30/01/12 -- Feb Paris rapeseed goes off the board tomorrow so we may be in for some erratic trade, especially given the monster differential between it and what will become the new front month - May.How Feb delivery can be worth more than EUR30.00/tonne over May is beyond me.

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-13640725118908591812012-01-29T15:20:00.005Z2012-01-30T09:36:23.299Z

30/01/12 -- Fitch cut the ratings of five more EU countries late on Friday I hear, including Belgium, Italy and Spain. Nouriel Roubini, the economist famous for seeing the 2008 sub-prime led market meltdown coming first, says that the eurozone will collapse within the year. Greece and Portugal will be first out of the door, he forecasts.Elsewhere I read over the weekend that Greece is already

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-57162430577747183832012-01-28T13:28:00.003Z2012-01-28T14:20:57.571Z

27/01/12 -- Soybeans: Mar 12 Soybeans closed at USD12.19, down 3 3/4 cents; Nov 12 Soybeans closed at USD12.22 1/4, up 1/2 cent; Mar 12 Soybean Meal closed at USD322.20, down USD1.40; Mar 12 Soybean Oil closed at 51.59, down 35 points. Beans were up 32 cents on the week, with meal up USD10.30 and oil 116 points. Funds sold 3,000 soybean contracts on the day in a bit of light pre-weekend

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-63051513925676881382012-01-28T12:08:00.005Z2012-01-28T13:15:14.636Z

27/01/12 -- EU grains ended narrowly mixed Friday, with Mar 12 London wheat up GBP0.05/tonne to GBP164.55/tonne and Mar 12 Paris wheat down EUR0.25/tonne to EUR209.00/tonne.Despite a subdued day today, overall London wheat has gained an impressive GBP7.55/tonne and Paris wheat EUR10.50/tonne during the course of the week.Defra have made a few minor tweaks to the supply and demand numbers this

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-14605826293739575562012-01-27T12:30:00.000Z2012-01-27T12:31:24.948Z

27/01/12 -- Rapemeal prices on the continent continue to rise.Guide prices, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Feb12 187.00 +6.00 Mar12 184.00 +3.00 Apr12 180.00 +3.00 May/Jul12 174.00 +3.00 Aug/Oct12 161.00 +

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-89516880001271326032012-01-27T11:21:00.002Z2012-01-27T11:34:38.915Z

27/01/12 -- Media reports, one firm in particular is especially guilty of this, that ALWAYS include the same piece of blindingly obvious information that everybody already knows.They must employ freelance journo's in these far-flung places who write any old tosh just to see if they can get it past the editor and send another invoice in. Kerching, kerching.Breaking News: Chicago Board Of Trade To

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-33896044110388015452012-01-27T09:56:00.006Z2012-01-27T10:44:11.032Z

27/01/12 -- The overnight grains are mixed with wheat a couple of cents lower, beans a couple higher and corn up 3-4 cents. Egypt rejected a cargo of Kazakh wheat yesterday on the grounds of it containing "unauthorised seeds" and promptly switched another three cargoes bought as Kazakh origin to Russian instead.It also announced that it only needs to buy another half a million tonnes to see it

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-44266903079689852992012-01-27T08:56:00.002Z2012-01-27T09:17:16.134Z

26/01/12 -- Soybeans: Mar 12 Soybeans closed at USD12.22 3/4, up 9 1/4 cents; Nov 12 Soybeans closed at USD12.21 3/4, up 8 cents; Mar 12 Soybean Meal closed at USD323.60, up USD2.50; Mar 12 Soybean Oil closed at 51.94, up 55 points. Weekly export sales were 466,300 MT for 2011/12 and 126,000 MT for 2012/13, below trade estimates for combined sales of 700-850 TMT. Undeterred funds bought 5,000

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-90577625521038045312012-01-27T08:37:00.004Z2012-01-27T08:55:30.803Z

26/01/12 -- EU grains finished mostly higher again with Mar 12 London wheat GBP1.25/tonne higher at GBP164.50/tonne and Mar 12 Paris wheat rising EUR1.25/tonne to EUR209.25/tonne. New crop London wheat was unchanged.There wasn't a lot of fresh news, but the bulls have the bit firmly between their teeth at the moment. Bears are running for cover with the market now almost GBP25.00/tonne higher

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-48295518689709393772012-01-26T10:59:00.000Z2012-01-26T11:00:36.276Z

26/01/12 -- Rapemeal prices on the continent are on the rise again today, in line with last night's gains in Chicago soymeal. Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Feb12 181.00 +1.00 Mar12 181.00 +2.00 Apr12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-33280428229510200012012-01-26T09:25:00.002Z2012-01-26T09:55:36.374Z

26/01/12 -- The overnight grains are higher in follow through trade and in response to a sharply weaker US dollar. Comments from the Fed last night that US interest rates would remain very low until the end of 2014 sent the dollar tumbling. The pound currently stands close to it's best levels since November at 1.5700 against the greenback, to where it has steadily risen from a low of 1.5230 a

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-31367207929970237042012-01-26T08:45:00.003Z2012-01-26T09:01:40.364Z

25/01/12 -- Soybeans: Mar 12 Soybeans closed at USD12.13 1/2, down 6 1/2 cents; May 12 Soybeans closed at USD12.22 3/4, down 6 cents; Mar 12 Soybean Meal closed at USD321.10, down USD2.40; Mar 12 Soybean Oil closed at 51.39, up 4 points. Decent overnight rain in Argentina had funds selling an estimated 4,000 soybean contracts on the day. Opinion is still divided on how much bean damage has

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-85734058546522244482012-01-25T16:50:00.004Z2012-01-28T13:10:28.047Z

25/01/12 -- EU grains finish mixed with Mar 12 London wheat down GBP0.25/tonne to GBP163.25/tonne and Mar 12 Paris wheat rising EUR2.25/tonne to EUR208.00/tonne.It was a strange sort of a day with May 12 London wheat posting a GBP5.50/tonne trading range, closing at GBP164.25/tonne despite hitting GBP168.50/tonne early doors. How anybody allowed themselves to get stiffed at the latter price is

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-66359783509727710642012-01-25T14:41:00.004Z2012-01-25T19:59:05.167Z

25/01/12 -- The overnight grains were mixed with beans 1 3/4 down to 1 1/2 up, corn was 3 1/2 up to 1 3/4 down and wheat mostly around 2-4 cents firmer. Crude is down half a dollar or so.Argentina got more rain overnight but will now have to wait until next week for it's next shot of moisture. Cropcast have come out with a pretty pessimistic number putting the soybean crop at 45 MMT.The rally

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-72918868641566941142012-01-25T13:59:00.004Z2012-01-25T14:07:46.548Z

25/01/12 -- Here's a summary of the latest crop production estimates from as many analysts and government bodies as I can find. Using the average of all these estimates Brazil is still on for a record corn crop this year, with Argentina only missing out on setting a new record of its own by half a million tonnes. For soybeans Brazil is set to have its second highest crop, bettered only by last

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-26463965342805206632012-01-25T12:37:00.001Z2012-01-25T12:38:44.795Z

25/01/12 -- Rapemeal prices on the continent are unchanged to a tad easier today.Guide prices, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 180.00 unch Feb12 180.00 unch Mar/Apr12 177.00 -1.00 May/Jul12 168.00 -2.00 Aug/Oct12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-21109045907990589792012-01-25T11:53:00.002Z2012-01-25T12:24:39.825Z

25/01/12 -- Jolly old London wheat certainly has the bit between it's teeth at the moment rising, according to the press, on ideas that Russian exports might be lower than expected and/or some sort of export ban or duty might be imposed.Some are talking about Russia capping exports at around 25 MMT as if this news only came out yesterday. It's actually been in the market pretty much since the

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-79626653791630991382012-01-25T08:48:00.002Z2012-01-25T09:05:10.512Z

24/01/12 -- Soybeans: Mar 12 Soybeans closed at USD12.20, up 2 1/2 cents; May 12 Soybeans closed at USD12.28 3/4, up 3 1/4 cents; Mar 12 Soybean Meal closed at USD323.50, up USD2.50; Mar 12 Soybean Oil closed at 51.35, down 7 points. Funds bought 4,000 soybean contracts on the day it is reckoned on spillover support from corn and wheat. Argentina got some rain overnight but reports on exactly how

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-34020894770629850732012-01-24T17:06:00.005Z2012-01-24T19:06:49.861Z

24/01/12 -- EU grains finished with new front month Mar 12 London wheat up GBP4.00/tonne to GBP163.50/tonne, and Mar 12 Paris wheat up EUR4.25/tonne to EUR205725/tonne.This was the highest close for a front month on London wheat in almost four months.Yesterday's rains in Argentina were a bit disappointing, but subsequent overnight rain and more in the forecast for tomorrow should improve the

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-56740785919549959412012-01-24T14:06:00.003Z2012-01-24T14:29:34.019Z

24/01/12 -- The overnight grains closed lower, partially reversing yesterday's gains, with beans around 7 cents weaker nearby, corn down 2-3 cents and wheat 3-5 cents weaker. Crude is down 72 cents at USD98.86/barrel.Around two thirds to three quarters of Argentina got rains of 0.25 to 0.75 inches yesterday, there has apparently been more overnight and there's a bit more on the radar for this

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-70263878794316309392012-01-24T13:10:00.004Z2012-01-24T13:20:50.690Z

24/01/12 -- A Greek minister who was part of the cabinet that eagerly accepted the original 2010 bailout money from the EU/IMF has sensationally revealed that he didn't actually read the terms of the loan agreement because he too busy.The agreement was signed in a rush "based on an optimistic and simplistic projection that things would develop in a certain way," he says. Unfortunately for Greece

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-4934636505780381852012-01-24T11:19:00.004Z2012-01-24T12:29:26.576Z

24/01/12 -- Rapemeal prices on the continent are generally a bit firmer, in line with last night's gains in Chicago soymeal. Jan is a bit easier, giving up this nearby premium that's been around for some time now.Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-48254202140938963852012-01-24T08:51:00.003Z2012-01-24T10:17:15.560Z

24/01/12 -- The overnight grains are mostly lower, but not by a great deal, if we are in for a turnaround Tuesday then there are only modest signs of it so far this morning.The Argy Ministry have bitten the bullet and dropped their corn and soybean production forecasts there to 23 MMT and 48.9 MMT respectively. The former still looks to be optimistic, and in fact would still be a record crop if

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-83591095148216876572012-01-24T08:17:00.003Z2012-01-24T08:33:25.102Z

23/01/12 -- Soybeans: Mar 12 Soybeans closed at USD12.17 1/2, up 30 1/2 cents; May 12 Soybeans closed at USD12.25 1/2, up 30 cents; Mar12 Soybean Meal closed at USD321.00, up USD9.10; Mar 12 Soybean Oil closed at 51.42, up 99 points. This was the highest close for beans since the USDA report just over a week ago. Weekend rains in Argentina were less than hoped for, although there are chances for

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-33673963538873754802012-01-23T19:07:00.003Z2012-01-23T19:31:01.349Z

23/01/12 -- EU grains finished higher with the exception of expiring Jan 12 London wheat which was unchanged at GBP157.00/tonne. New front month Mar 12 was GBP1.35/tonne higher at GBP159.50/tonne and Mar 12 Paris wheat rose EUR3.00/tonne to EUR201.50/tonne.Weekend rains in Argentina were less widespread and lighter than anticipated. Few analysts expect corn production there to be anywhere near

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-26175210203357737402012-01-23T13:54:00.003Z2012-01-23T14:24:44.266Z

23/01/12 -- The overnight grains are higher with beans up around 15 cents and corn & wheat some 6 cents firmer. Consequently it looks like we are going to start the week higher this afternoon for the sixth week in a row.Weekend rains in Argentina were not as good as hoped for, although rain is showing up on the radar right now and more is forecast for tomorrow and Wednesday. The trade appears to

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-8352831599703676692012-01-23T11:05:00.001Z2012-01-23T11:06:38.511Z

23/01/12 -- Rapemeal prices on the continent are mostly a bit firmer again today, in line with soymeal gains on the overnight Globex market.Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 183.00 +2.00 Feb12 178.00 +4.00 Mar/Apr12 174.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-64453147785941541442012-01-23T10:29:00.003Z2012-01-23T10:57:04.318Z

23/01/12 -- The overnight grains are higher after weekend rains in Argentina disappointed. Further moisture is however on the cards for today through to Wednesday.London wheat has opened higher in sympathy, with Jan12 currently GBP2.00/tonne higher at GBP159.00/tonne - the highest for a front month since mid-September. Jan12 goes off the board today.Greece didn't manage to get it's weekend deal

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-3417813963244825582012-01-21T08:58:00.007Z2012-01-21T16:54:54.837Z

20/01/12 -- Soybeans: Mar 12 Soybeans closed at USD11.87, down 10 cents; May 12 Soybeans closed at USD11.95 1/2, down 8 3/4 cents; Mar 12 Soybean Meal closed at USD311.90, down USD3.80; Mar 12 Soybean Oil closed at 50.43, down 63 points. On the week as a whole beans gained 28 1/2 cents, meal USD10.40 and oil 14 points. Weekly soybean export sales were above expectations of 500-900 TMT at 991,100

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-25228503539277584402012-01-20T16:13:00.005Z2012-01-21T14:06:31.810Z

20/01/12 -- EU grains ended with Jan 12 London wheat down GBP0.25/tonne at GBP157.00/tonne and Mar 12 Paris wheat was unchanged at EUR198.50/tonne. EU wheat continues to do a pretty good job of attempting to defy gravity, closing GBP1.50/tonne higher on the week. Paris wheat clawed it's way EUR1.00/tonne higher compared with last Friday.Weather models have developed a wetter look for Argentina

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-11878843434211478592012-01-20T14:40:00.002Z2012-01-20T15:22:10.642Z

20/01/12 -- The overnight grains closed mixed with beans 3-5 cents weaker, and with corn and wheat trading a cent or two either side. Crude is down almost a dollar and a half sending it back below USD100/barrel.Weekly export sales from the USDA came in at a net 584,200 MT, towards the upper end of trade estimates. Shipments of 357,900 MT however once again fell short of the level required to hit

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-58710215212157008362012-01-20T11:54:00.002Z2012-01-20T11:57:39.478Z

20/01/12 -- Rapemeal prices on the continent are a bit of a mixed bag today, slightly weaker nearby and a bit firmer going forward.Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 181.00 -2.00 Feb12 174.00 -1.00 Mar/Apr12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-33970302623292756632012-01-20T10:59:00.005Z2012-01-20T11:52:54.594Z

20/01/12 -- Jan12 London wheat has gained GBP16.25/tonne since the mid-December low, pretty impressive eh? So something pretty dramatic must have happened to cause this turnaround?Well, world wheat production has actually increased by 2.5 MMT since then according to the USDA, or by 7 MMT if you want to side with the IGC. Consumption must have gone up then? Well it has but only by 1.2 MMT

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-37746824192335893372012-01-20T09:34:00.003Z2012-01-20T09:52:49.873Z

19/01/12 -- Soybeans: Mar 12 Soybeans closed at USD11.97, up 13 1/2 cents; May 12 Soybeans closed at USD12.04 1/4, up 12 cents; Mar 12 Soybean Meal closed at USD315.70, up USD3.70; Mar 12 Soybean Oil closed at 51.06, up 66 points. With China closed next week for the Lunar New Year celebrations there have been strong rumours all week of them actively buying soybeans. Before the open the USDA

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-90874182804673845692012-01-19T16:28:00.005Z2012-01-19T19:17:45.291Z

19/01/12 -- EU grains finish mixed, although wheat was mostly higher, with Jan 12 London wheat up GBP0.75/tonne to GBP157.25/tonne and Mar 12 Paris wheat rising EUR1.00/tonne to EUR198.50/tonne.London wheat still seems to be basking in the glory of last week's friendly export data for November. Today's bond auctions by France and Spain were well received by the market despite recent S&P's

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-16515972452367300932012-01-19T13:17:00.005Z2012-01-19T14:34:49.184Z

19/01/12 -- The overnight grains are higher with beans leading the way up 10-12 cents, with corn and wheat both some 3-5 cents firmer. Crude oil is up more than a dollar.Macquarie Group have released their latest estimates for South American crop production. Argentina: Corn 25.6 MMT, Soybeans 49.0 MMT. Brazil: Corn 60.0 MMT, Soybeans 73.6 MMT. Maybe more evidence that last week's USDA numbers

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-76690439928877768342012-01-19T13:00:00.000Z2012-01-19T13:01:11.505Z

19/01/12 -- Rapemeal prices on the continent are mostly a little firmer today, in line with soymeal gains on the overnight Globex market.Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 183.00 unch Feb12 175.00 +1.00 Mar/Apr12 172.00 -

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-27279246422759227662012-01-19T10:23:00.004Z2012-01-19T10:47:16.160Z

19/01/12 -- The USDA numbers last week certainly stirred things up, with some fairly widespread shouts of "you don't know what you're doing" coming from the stands.So I thought I'd take a little time out this morning to put together a table of other popular analysts estimates for comparison purposes.For Argy soybeans their estimate of 50.5 MMT, whilst the highest it isn't outrageously so, being

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-91096531925717057282012-01-19T08:42:00.004Z2012-01-19T09:05:13.099Z

18/01/12 -- Soybeans: Mar 12 Soybeans closed unchanged at USD11.83 1/2; May 12 Soybeans closed at USD11.92 1/4, down 1/4 cent; Mar 12 Soybean Meal closed at USD312.00, up USD1.50; Mar 12 Soybean Oil closed at 50.40, down 37 pips. Beans recovered from trading 10-11 cents lower in early exchanges, despite corn and wheat staying mired at those levels. That may have been down to the unwinding of long

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-7535649344674338322012-01-18T16:04:00.004Z2012-01-18T17:55:12.999Z

18/01/12 -- EU grains finished mostly lower with Jan 12 London wheat down GBP1.50/tonne to GBP156.50/tonne and Mar 12 Paris wheat falling EUR2.50/tonne to EUR197.50/tonne.There was a weaker tone to US markets on the back of a wetter outlook for Argentina with significant rains showing up starting this weekend and lasting through into the middle of next week.The EU markets tried to resist moving

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-19789596725708260732012-01-18T14:11:00.003Z2012-01-18T17:55:56.028Z

18/01/12 -- Today's problem comes from A Typical Chinaman, in China who writes:Q: Dear Nogger, like most people in my country I usually tuck into a "Full Chinese" most mornings: reggs, double bracon, a couple of srausages, breans, tromatoes, rash browns, brack pudding, troast, krippers, reggs Benedict, more bracon, more srausages, some streaky bracon and a couple of grammon steaks. All of it

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-23438699081835849552012-01-18T13:48:00.004Z2012-01-19T08:56:33.877Z

18/01/12 -- The overnight grains closed lower in turnaround Tuesday style, even though today is technically Wednesday. The market was closed on Monday, so today is really only a Tuesday despite what it might say on your calendar, so stop going on about it will you. Like a bloody dog with a bone you are, let it rest, it's Tuesday.Right, the overnight grains closed lower in classic turnaround

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-27871411518577551702012-01-18T11:58:00.012Z2012-01-18T16:02:11.248Z

18/01/11 -- Is the market going to go up or down? That's what everybody wants to know isn't it? So I've come up with a simple formula that will give you the answer.In this simple calculation we have only a couple of variables.A: Fund moneyB: The European debt crisisC: A price decreaseD: Drought in ArgentinaE: A price riseA-B+D=E, obviously. However B-A-D=CAnd evenB-A+D=C/2Also you need to know

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-64147029967406205282012-01-18T11:24:00.002Z2012-01-18T11:52:47.014Z

18/01/12 -- Rapemeal prices are mostly a little higher this morning following last night's soymeal gains in Chicago.Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 183.00 +1.00 Feb12 174.00 +1.00 Mar/Apr12 173.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-61867683574652553772012-01-18T10:43:00.002Z2012-01-18T11:19:13.452Z

18/01/12 -- The overnight and European grains are a little easier this morning. All eyes remain on Argentina with just about every private forecaster you can think of pegging soybean and corn production there lower than the USDA's 50.5 MMT and 26 MMT estimates of last week.Most of the soybean figures are in the 49-50 MMT region, with corn lining up around 21.5-24.0 MMT.There's a fair bit of rain

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-1111017392700059982012-01-18T09:02:00.002Z2012-01-18T09:22:36.309Z

17/01/12 -- Soybeans: Mar 12 Soybeans closed at USD11.83 1/2, up 25 1/4 cents; May 12 Soybeans closed at $11.92 1/2, up 24 3/4 cents; Mar 12 Soybean Meal closed at USD310.50, up USD9.00; Mar 12 Soybean Oil closed at 50.77, up 48 points. Argentine weather and a much better NOPA crush number for December of 145.45 million bushels supported the market. Last month's crush was only expected to be

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-51848861801967703712012-01-17T19:36:00.006Z2012-01-17T20:01:16.935Z

17/01/12 -- Today's problem comes from A Farmer in East Anglia, he writes:Q: Dear Nogger, I'm one of those minted cereal farmers to which you refer with page 3 models and famous actresses & pop stars like Kylie Minogue constantly pestering me. I'm no oil painting and have been told that going out on a date with me is like trying to fight off a sweaty octopus, but that doesn't seem to put them off

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-56120389320258617112012-01-17T16:07:00.005Z2012-01-17T19:12:06.626Z

17/01/12 -- EU grains ended with Jan 12 London wheat up GBP2.55/tonne to GBP158.00/tonne and Mar 12 Paris wheat up EUR1.75/tonne to EUR200.00/tonne. For London wheat this was the highest close for a front month since late September.Spillover support from firmer US markets on the back of dryness in Argentina saw the market probe higher despite ongoing eurozone economic concerns.News that the UK

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-61005690904028357372012-01-17T13:51:00.004Z2012-01-17T14:28:21.603Z

17/01/12 -- The overnight grains closed higher with beans up around 18 cents, corn up 7-8 cents and wheat 6-9 cents firmer. Crude oil is around two dollars higher, lending support.Weather in Argentina is the key driver, although decent rains are in the forecast Sunday/Monday that's still 5-6 days away.The Rosario Grain Exchange have lowered their Argy corn crop estimate to 21.4 MMT from 26 MMT

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-4969554380826875022012-01-17T11:44:00.001Z2012-01-17T11:45:41.883Z

17/01/12 -- Rapemeal prices on the continent are mostly a little firmer today, in line with soymeal gains on the overnight Globex market.Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 182.00 -1.00 Feb12 173.00 +2.00 Mar/Apr12 171.00 +

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-76875216828774982652012-01-17T11:10:00.005Z2012-01-17T14:42:21.882Z

17/01/12 -- As Greece attempts to resurrect a last minute deal with private sector bondholders to take a 50% haircut on it's debt ahead of the arrival of EU, ECB and IMF inspectors due in Athens later this week, some media reports suggest that divisions within the so-called "troika" mean that the man from the IMF isn't even going to bother turning up:IMF and EU Begin Clashing Over How to Handle

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-14303289423283616002012-01-17T10:23:00.007Z2012-01-17T10:51:25.881Z

17/01/12 -- The overnight markets are sharply higher. In the case of beans and corn effectively reversing Friday night's losses, and for wheat more than making up for a couple of cents fall ahead of the long weekend.Argy weather is the driver once again as the market comes to the conclusion that corn and soybean production there will probably end up significantly lower than last Thursday's USDA

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-49354310281583200492012-01-16T16:52:00.003Z2012-01-16T19:37:48.330Z

16/01/12 -- EU grains finished narrowly mixed with Jan 12 London wheat down a whopping five whole pence to GBP155.45/tonne, and Mar 12 Paris wheat up EUR1.25/tonne to EUR198.25/tonne. New crop London months were GBP0.85/tonne lower.With America closed for Martin Luther King Day there was very little fresh news or impetus about.It was a dry weekend in Argentina, with little respite in the forecast

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-38662498321662997272012-01-16T15:02:00.002Z2012-01-16T15:44:29.429Z

16/01/12 -- Today's problem comes from FWi in Surrey, he writes:Q: Dear Nogger, Is there a need for a resurrection of Farmer Frank, our controversial agony uncle, in your considered opinion?A: What have farmers got to fret about? They're all minted and therefore must have page 3 models throwing themselves at them on a daily basis even if they are pig ugly and possess the table manners of a

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-8364306699407109122012-01-16T11:00:00.001Z2012-01-16T11:02:46.903Z

16/01/12 -- Rapemeal prices continue to slide lower, following losses in Chicago soymeal since Thursday's USDA report.Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 183.00 -1.00 Feb12 171.00 -3.00 Mar/Apr12 167.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-88839153068944103452012-01-16T10:09:00.003Z2012-01-16T10:32:57.150Z

16/01/12 -- America is closed for Martin Luther King Day so trade in Europe looks set to be thin. Friday's S&P's downgrades weigh on the euro with the pound hovering just under 1.21 against the single currency.Brazil got some rain across the weekend but Argentina was dry, a bit like Mrs N#1. We went to Relate once you know. The counsellor asked her what was wrong in out relationship. She said "

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-37175151364329447342012-01-16T09:05:00.003Z2012-01-16T10:01:34.798Z

16/01/12 -- I've been reading the papers over the weekend and trying to weigh up the likelihood of a Greek debt default. There's more to this 50% "haircut" that they are asking bondholders to take than initially meets the eye.It seems that the gist of it is this if you are unlucky enough to own say EUR1000 of Greek debt: you agree that half your money is lost, the other EUR500 will be repaid in

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-86508007089923031752012-01-14T10:08:00.004Z2012-01-14T10:55:35.474Z

13/01/12 -- Soybeans: Jan 12 Soybeans closed at USD11.60, down 18 1/2 cents; Jan 12 Soybean Meal closed at USD304.80, down USD1.30; Jan 12 Soybean Oil closed at 50.20, down 95 points. Jan contracts went off the board at noon with beans down 20 cents on the week, meal down USD4.80 and oil losing 60 points. Deferred positions pressed on to post further losses late in the session with Mar 12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-82036593964725290932012-01-13T17:51:00.004Z2012-01-14T10:04:37.126Z

13/01/12 -- EU grains shrugged off yesterday's declines recovering to finish mostly higher with Jan 12 London wheat up GBP3.50/tonne to GBP155.50/tonne and Mar 12 Paris wheat rising EUR3.00/tonne to EUR197.00/tonne.For the week as a whole nearby London wheat was up GBP3.75/tonne whilst Paris wheat lost EUR4.00/tonne on the continuous chart, courtesy of January expiring mid-week. Mar 12 Paris

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-77445141422548398052012-01-13T13:54:00.008Z2012-01-13T14:49:23.070Z

13/01/12 -- Having spent most of the morning in positive territory the overnight grains ended lower, at least the most actively traded months did, with beans and wheat down 1-3 cents and corn falling 3-4 cents.Despite yesterday's capitulation, prices are still around 30 cents above the December lows for corn and wheat and some 75 cents higher for beans. Prices for all three still remain at

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-49914231691846080512012-01-13T12:10:00.003Z2012-01-13T12:15:39.583Z

13/01/12 -- Rapemeal prices on the continent continue to fall in line with declines on soya in America. Jan12 is down EUR7.00/tonne on the week and Feb/Apr12 down EUR8.00/tonne.Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 184.00 -2.00 Feb12 174.00 -1.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-38899150061039754722012-01-13T09:24:00.003Z2012-01-13T09:48:21.259Z

12/01/12 -- Soybeans: Jan 12 Soybeans closed at USD11.78 1/2, down 19 cents; Mar 12 Soybeans closed at USD11.82 1/2, down 20 1/2 cents; Jan 12 Soybean Meal closed at USD306.10, down USD3.90; Jan 12 Soybean Oil closed at 51.15, down 44 points. Down, but not entirely out was perhaps the theme for the soy complex which closed well off session lows. The USDA report was not as bearish for beans as it

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-32942866895985342822012-01-12T16:21:00.003Z2012-01-12T18:52:53.382Z

12/01/12 -- EU grains ended with Jan 12 London wheat down GBP4.50/tonne, or 2.9%, to GBP152.00/tonne and Mar 12 Paris wheat down EUR7.25/tonne, or 3.6%, to EUR194.00/tonne. The much awaited USDA report, which was expected to be bullish by many in the market, sent the market crashing in afternoon trade with US corn going limit down - the sixth successive limit move it has posted on this day in

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-40066830619106777592012-01-12T14:12:00.007Z2012-01-12T14:54:44.975Z

12/01/12 -- The overnight grains closed higher in anticipation of a bullish USDA report. It wasn't very friendly at all however.US ending stocks came in higher than expected for wheat, corn and soybeans. US 2011 production of corn and soybeans was raised and yields were also increased - by 0.5bpa in the case of corn when a 0.5bpa drop was expected.To top off the whole little lot US wheat

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-6542048012810969152012-01-12T13:35:00.003Z2012-01-12T13:40:54.111Z

12/01/12 -- The USDA's eagerly awaited raft of important numbers including US winter wheat plantings, revised 2011 production numbers for corn and beans, quarterly stocks and 2011/12 ending stocks:.nobrtable br { display: none }USDA 2011/12 Ending Stocks Estimates (billion bushels):ProductUSDAAvg EstRangeUSDA Dec EstUSDA 10/11Wheat0.8700.8420.766-0.8880.8780.862Corn0.8460.7490.587-

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-20753892529302500222012-01-12T12:24:00.002Z2012-01-12T12:42:50.002Z

12/01/12 -- Rapemeal prices on the continent are down sharply for the second day running on the back of a slump in the Chicago soymeal market due to rains in Argentina.Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 186.00 -6.00 Feb12

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-1651954619763818422012-01-12T10:58:00.002Z2012-01-12T12:21:16.771Z

12/01/12 -- A record 8.25 MMT carry-in left over from last season, plus record output this year (estimated at 28.3 MMT by ABARES) leaves Australia awash with wheat. November wheat exports were up 50% from Ocober to 1.75 MMT and almost double the volume shipped in the same month in 2010.The euro is up for once this morning after promising bond auctions from Spain and Italy. Spain raised EUR10.4

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-61588104410201118722012-01-12T10:07:00.003Z2012-01-12T10:42:53.849Z

12/01/12 -- Argentina got it's soaking rains but corn closed virtually unchanged, seemingly unmoved by the news, supported by fund buying once again. These boys are starting to build up a significant long position in corn, buying an estimated 5,000 corn contracts last night to add to the 4,000 they bought on Tuesday and the 11,000 added on Monday. If you're a livestock farmer who wants prices

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-10503113879463757362012-01-12T09:23:00.004Z2012-01-12T10:51:43.798Z

11/01/12 -- Soybeans: Jan 12 Soybeans closed at USD11.97 1/2, down 26 1/4 cents; Mar 12 Soybeans closed at USD12.03, down 29 cents; Jan 12 Soybean Meal closed at USD310.00, down USD9.00; Jan 12 Soybean Oil closed at 51.59, down 61 points. Beans fell heavily, as did rain in Argentina, giving up most of yesterday's gains. Funds sold 8,000 soybean contracts on the day as Argentina got a more

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-75396274718223513602012-01-11T17:04:00.004Z2012-01-11T18:06:07.139Z

11/01/12 -- EU grains finished mixed although Jan 12 London wheat bucked the trend closing GBP1.60/tonne higher at GBP156.50/tonne, Mar 12 Paris wheat fell EUR0.50/tonne to EUR201.25/tonne. Other London months were between GBP0.60/tonne lower to GBP0.55/tonne higher.For London wheat this was the highest close for a front month since late September.Argentina got a bit more rain than was

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-56786469857655253842012-01-11T13:54:00.002Z2012-01-11T14:14:05.517Z

11/01/12 -- The overnight grains ended lower as rains finally arrived for Argentina, bringing maybe slightly better totals than had been forecast. It looks like there's possibly a bit more in the forecast for tomorrow now too, here's a link to the latest GFS models with today's forecasts in the left hand column and yesterday's in the right hand column: Spot the difference.It also seems that this

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-49147166570588070992012-01-11T11:35:00.001Z2012-01-11T11:35:50.914Z

11/01/12 -- Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 192.00 -1.00 Feb12 180.00 -5.00 Feb/Apr12 176.00 -4.00 May/Jul12 170.00 -4.00 Aug/Oct12 156.00 -3.00 Nov12/Jan13

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-90353881393778025702012-01-11T08:12:00.003Z2012-01-11T08:32:04.519Z

10/01/12 -- Soybeans: Jan 12 Soybeans closed at USD12.23 3/4, down 2 cents; Mar 12 Soybeans closed at USD12.32, down 1 cent; Jan 12 Soybean Meal closed at USD319.00, down USD1.20; Jan 12 Soybean Oil closed at 52.20, up 18 points. There was very little change across the board as the trade awaits the extent of Argentine rains over the next few days and ahead of Thursday's USDA reports. There is

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-73670043354343156872012-01-10T18:44:00.003Z2012-01-11T08:34:37.938Z

10/01/12 -- EU grains finished mixed with Jan 12 London wheat up GBP0.35/tonne to GBP154.90/tonne and expiring Jan 12 Paris wheat rising EUR0.50/tonne to EUR203.25/tonne.Fresh news was pretty thin on the ground, rains are set to arrive in Argentina today and last through to Friday with varying amounts of a quarter of an inch to up to 3 inches with 85-90% coverage.The other big event of the week

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-15543868477598955242012-01-10T13:35:00.006Z2012-01-10T14:16:16.955Z

10/01/12 -- The overnight grains finished mixed with wheat around 2-3 cents weaker, beans down a fraction and corn up a fraction. Crude oil is two dollars firmer.The very latest weather forecasts continue to be poured over. Rains should cover 85-90% of Argentina during the next few days with amounts varying from a quarter of an inch to up to 3 inches in places. A new development today is an

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-26862333764624429322012-01-10T12:16:00.000Z2012-01-10T12:17:22.010Z

10/01/12 -- Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 193.00 +3.00 Feb12 185.00 +2.00 Feb/Apr12 180.00 +1.00 May/Jul12 174.00 +2.00 Aug/Oct12 159.00 +4.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-49556261728421751612012-01-10T10:08:00.003Z2012-01-10T11:29:34.823Z

10/01/12 -- The overnight grains are narrowly mixed, but there's no real sign of a significant Turnaround Tuesday at this stage.Of undoubted note is the significant inflow of fund money into the grains sector over the last couple of weeks. Having spent months reducing their corn length, getting down to around all square on beans and establishing a weighty wheat short there are signs that they may

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-71471447830750869112012-01-10T08:57:00.002Z2012-01-10T09:01:21.290Z

10/01/12 -- Will it, won't it? There are a few subtle changes again today to the latest GFS weather maps for Argentina. For your personal guidance once again here they are stitched together along with the maps from Saturday to show any appreciable difference.Saturday's forecasts for Weds, Thur, Fri are the left hand column with today's revised maps in the right hand column.Clickety click

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-71887697420866338682012-01-10T08:19:00.004Z2012-01-10T08:47:42.549Z

09/01/12 -- Soybeans: Jan 12 Soybeans closed at USD12.25 3/4, up 36 1/4 cents; Mar 12 Soybeans closed at USD12.33, up 36 1/2 cents; Jan 12 Soybean Meal closed at USD320.20, up USD10.60; Jan 12 Soybean Oil closed at 52.02, up 122 points. Beans led the entire complex, with some suggesting that they might be most at risk in Argentina due to their longer growing season. Hot and dry was the weekend

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-17374448210264886792012-01-09T19:27:00.003Z2012-01-09T19:57:03.366Z

09/01/12 -- EU grains ended with Jan 12 London wheat up GBP2.80/tonne to GBP154.55/tonne and soon to expire Jan 12 Paris wheat up EUR1.75/tonne to EUR202.75/tonne. Jan 12 Paris wheat goes off the board tomorrow, new front month March closed EUR6.00/tonne higher at EUR201.25/tonne. You could say that that suggests that the front-end premium that we've seen of late maybe hasn't really been

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-60390886850101108582012-01-09T13:29:00.007Z2012-01-09T14:13:03.280Z

09/01/12 -- The overnight grains were higher, reversing Friday's losses in beans and doing even better than that for corn and wheat. Trade talk is that there's less rain in the forecasts for Argentina than there was. That's true, see the story below, although the difference isn't too striking to me."Argentina will receive very beneficial moisture during the next few days, producing near 90%

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-12061302358250627482012-01-09T12:51:00.003Z2012-01-09T12:58:11.292Z

09/01/12 -- Reports this morning suggest that the GFS model is showing less rain for Argentina today than it did on Friday, and that is being cited as the reason for the overnight grains firmness this morning.My little animation that I created over the weekend, highlighting where and when the rains are/were due means that I've still got copies of Saturday's GFS maps on my PC. Out of interest, I

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-35530351363299058142012-01-09T10:49:00.004Z2012-01-09T11:39:14.198Z

09/01/12 -- Twitter, what's that all about? It's for kids isn't it, like Two Facedbook, Kelly Suchandsuch is a slag. No I'm not you fat cow etc, etc. That seems to be many people's perception of it. Which reminds me of when I set up my very first website and told one of my now retired customers that he could check out our daily prices live online without having to wait for a fax to come in. To

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-19045957411098178492012-01-09T10:46:00.000Z2012-01-09T10:47:38.181Z

09/01/12 -- Guide prices for EU rapemeal, basis FOB Lower Rhine in euros/metric tonne, with change from previous day:.nobrtable br { display: none } Jan12 190.00 -1.00 Feb12 183.00 +4.00 Feb/Apr12 179.00 +3.00 May/Jul12 172.00 +3.00 Aug/Oct12 155.00 +3.00 Nov12/Jan13

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-37824282613038159192012-01-09T08:48:00.006Z2012-01-09T09:22:18.614Z

09/01/12 -- No surprises for guessing that it's been another hot and dry weekend in Argentina. That's what was forecast and that's what they got, so no changes there then.What does appear to have changed over the weekend though is the weather forecast for the week ahead. WxRisk say that Sunday models show SOME good rains in central Argentina for Jan 10-11 but NOT the major 2-4" rains with 70%

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-17816157118021424742012-01-07T15:19:00.003Z2012-01-07T15:26:42.396Z

07/01/12 -- There's a big week coming up. Will Argentina get rain? I've spent most of the day trying to find an animated forecast for the week ahead in South America and failed to come up with anything decent.So I've created my own from a selection of weather map forecasts from COLA/IGES in the US, and for your personal convenience I've borrowed a map from my old chum Gail Martell at the

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-31426819272923356082012-01-07T12:47:00.004Z2012-01-07T13:30:05.294Z

06/01/12 -- Soybeans: Jan 12 Soybeans closed at USD11.89 1/2, down 11 3/4 cents; Mar 12 Soybeans closed at USD11.96 1/2, down 12 1/2 cents; Jan 12 Soybean Meal closed at USD309.60, down USD0.70; Jan 12 Soybean Oil closed at 50.80, down 97 points. On the week overall beans were down 9 cents, meal up 20 cents and oil down 129 points. Weekly export sales of 281,300 MT for the 2011/12 were well below

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-16779158765691310902012-01-07T12:15:00.006Z2012-01-07T13:32:08.200Z

06/01/12 -- EU grains reversed some of yesterday's losses to close with Jan 12 London wheat up GBP1.00/tonne to GBP151.75/tonne, Jan 12 Paris wheat rising EUR4.25/tonne to EUR201.00/tonne.At the end of a choppy first week of 2012 there wasn't actually a great deal of overall change - London wheat was GBP0.50/tonne lower and Paris wheat down EUR1.50/tonne.The EU only issued 106,000 MT of soft

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-60986692918912359612012-01-06T13:44:00.002Z2012-01-06T14:24:40.327Z

06/01/12 -- The overnight grains finished with wheat and soybeans around 6-7 cents higher and corn up 4-5 cents. Crude oil is up around half a dollar.It looks like we are in for a modest correction from last night's losses with Argy weather forecasts looking a little drier than yesterday. Heat is set to dominate this weekend.Strong US jobs numbers today should also support. Figures just out show

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-20367042509323718662012-01-06T13:21:00.004Z2012-01-06T13:33:51.462Z

06/01/12 -- A recent report from the HGCA, citing data from farming consultancy firm The Anderson’s Centre, suggested that UK rapeseed plantings will jump to a record 758,000 hectares for the 2012 harvest - a 7.5% increase on this season.Unlike UK wheat and barley yields, which have plateaued over the last 10-15 years, rapeseed yields are still on the up. If they can continue that trend in 2012

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-34862464882555190512012-01-06T13:12:00.001Z2012-01-06T13:12:59.372Z

06/01/12 -- Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:.nobrtable br { display: none } Jan12 191.00 -2.00 Feb12 179.00 -4.00 Feb/Apr12 176.00 -4.00 May/Jul12 169.00 -3.00 Aug/Oct12 152.00 -3.00

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-51504116878218652912012-01-06T11:52:00.003Z2012-01-06T12:28:28.662Z

06/01/12 -- EU and the overnight US grains are attempting to stage a modest recovery. Certainly Paris wheat should be supported by the continuous decline of the euro which is setting new 15-month lows against the pound and the dollar this morning.Last night's falls in Chicago grains, for wheat it was the largest one day decline in seven weeks, may have been a little overdone seems to be the

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-37554820232017769792012-01-06T10:41:00.002Z2012-01-06T10:47:19.456Z

06/01/12 -- Ukraine's grain exports continue to be dominated by corn which accounted for 2.16 MMT, or 85%, of the 2.55 MMT of grain shipped out during December.Year-to-date grain exports to Jan 4th are 9.65 MMT, up 42% on last year, with corn accounting for more than half that total at 5.18 MMT. Wheat exports so far this season are only 2.49 MMT, or just over a quarter of all shipments.

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-55268836981253526412012-01-06T10:06:00.003Z2012-01-06T10:34:03.759Z

06/01/12 -- Yes folks, you know the old saying "New Year, New Let Downs By Virgin Media." The long haired dyslexic O level deficient hippy is once more getting my goat this morning. Suffice to say that anyone emailing me today may have to wait some time for a response. Bastards. What use is it owning your own island when you can't even make your email service work?Elsewhere I see that the

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-1707075001345680972012-01-06T09:23:00.002Z2012-01-06T09:37:19.575Z

05/01/12 -- Soybeans: Jan 12 Soybeans closed at USD12.01 1/4, down 20 1/4 cents; Mar 12 Soybeans closed at USD12.09, down 21 cents; Jan 12 Soybean Meal closed at USD310.30, down USD7.20; Jan 12 Soybean Oil closed at 51.77, down 96 points. Funds ditched an estimated 6,000 soybean contracts on renewed Eurozone debt concerns and a wetter outlook for Argentina. A firm dollar and weaker crude added to

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-21052257786980372392012-01-05T18:46:00.004Z2012-01-05T19:22:21.337Z

05/01/12 -- EU grains finished lower with Jan 12 London wheat down GBP1.75/tonne to GBP150.75/tonne and Jan 12 Paris wheat falling a hefty EUR6.00/tonne to EUR196.75/tonne.It was a second day of correction for wheat, appearing to highlight that volatility will be the theme for 2012 just as it was for much of 2011.European debt worries were back to the fore, with the single currency falling to 15-

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.comtag:blogger.com,1999:blog-1171446108854154835.post-71960309154068347452012-01-05T14:24:00.006Z2012-01-05T14:54:24.103Z

05/01/12 -- The overnight grains were lower with beans around 10-12 cents easier, wheat down 7-8 cents and corn down 6-7 cents. Crude is down and the dollar is higher, both negative for grains today.At the moment we have a tug of war between the European debt crisis and drought in some parts of South America. Today it seems to be the ongoing problems in Europe that are winning.The euro has hit a

Noggerhttp://www.blogger.com/profile/01283956432925940290noreply@blogger.com