Prices could make significant moves following today’s report

first_imgShare Facebook Twitter Google + LinkedIn Pinterest After the March 31 Planting Intentions report and Grain Stocks Report are published today the markets could be making significant price moves. Grain producers don’t want to see grain prices drift even more to the downside, away from highs seen in January and February. Following the March 9 monthly USDA Supply and Demand Report, corn and soybeans moved out of their sideways pattern as they reached levels not seen for several months. From March 9 to March 24, corn prices dropped 11 cents, soybeans fell 35 cents, while wheat was down 19 cents.Following the March 9 Supply and Demand Report, the market seemed to be in a void of news headlines that changed, bringing fresh news to the forefront. In the weeks following that report markets seemed to focus almost exclusively on grain supply and production. Demand mattered very little. Weekly grain export loadings and export sales with numbers above the high end of trade expectations provided zero price bounces higher as the numbers were quickly dismissed. Daily, record soybean yields and production in Brazil were on the minds of traders. It is no wonder that last month that USDA raised Brazil’s soybean production to 108 million tons, up 4 million tons from February. Additional increases will likely take place in coming months. It was also no surprise that Brazil’s corn production was increased 5 million tons to 91.5 million tons. It will be important to watch U.S. corn and soybean exports in coming months to see if USDA reduces them due to increasing exports from Brazil.Brazil continues to capture attention when it comes to talk of world grain production. For weeks, reports of fantastic soybean yields continue to be reported. Gone were the long lines of boats which in past years reached wait times of 60 days to queue up for loading. Also, gone was the shifting of boats to be loaded from the U.S. Gulf when Brazil was unable to meet their loading commitments in a timely fashion. That missing shift also meant soybean prices were not rallying due to Brazil’s ability to load boats on a consistent basis. Br-163 in Brazil has often been called the “soybean highway,” as it moves soybeans from the largest producing state, Mato Grosso. This heavily traveled road can often become clogged with thousands of soybean trucks headed north. The trip from farm to port and back will not permit several loads a day. Pack more than just your lunch. Bring your sleeping bag, and be ready to drive for many, many hours — a staggering length of 1,211 miles stretching from Rondonopolis in southern Mato Grosso to shipping ports in Santarem to the north on the Amazon River. That distance is comparable to driving from central Ohio to Denver. When Br-163 in Brazil experienced days of delays due to muddy conditions and thousands of trucks waiting their turn to get through the muddy mess, there was zero response by the markets. Why? Ports in southern Brazil loaded soybeans without a hiccup to the overall Brazil shipping schedule.The market will heavily focus on the March 31 Planting Intentions Report into April and beyond. U.S. corn acres will be down from last year as producers plant near 90 million acres. With U.S. corn yields above trend line levels the past three years, stocks are at record levels. Bottom line, for corn to rally, the U.S. corn yield needs some kind of weather event for the yield to fall below 165 bushels per acre. Such a yield would put corn ending stocks below 1.7 billion bushels. Last year, the U.S. corn yield was 174.6 bushels per acre. Currently 2016-17 US corn ending stocks are 2.32 billion bushels.The question looming large for soybean prices is this: how many acres are planted in the U.S. this spring? It will be record large and near 88.5 million acres or more. If acres exceed that number and summer weather lacks hot and dry conditions, soybean prices could fall below $8 by fall. In addition, U.S. soybean exports could decline an additional 25 million bushels or more in coming months due to increasing exports from Brazil.last_img read more

Amid MVP talks, JRU star Alvarez told: Focus on team, not stats

first_imgTyphoon Kammuri accelerates, gains strength en route to PH LATEST STORIES Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Alvarez unleashed 23 points built on 16 hits and three blocks as JRU secured at least a playoff for a semifinals slot.The 20-year-old Alvarez has come a long way since showing up to JRU’s practice for the first time several years ago.“We’re really proud of her because when she came here with us she couldn’t last jogging for five minutes and look where she is now,” said Tioseco.ADVERTISEMENT MOST READ Read Next Magic withstand late Miami rally for rare road win And Tioseco’s two-cents couldn’t be more of value and timely with Alvarez and the rest of the Lady Bombers fighting for a Final Four spot.“I wasn’t doing well in our last training and coach told me not to think about the stats but rather think about the team because if you think about the stats, we won’t make it to the Final Four,” Alvarez told reporters in Filipino after leading JRU to a 25-13, 23-25, 25-11, 25-12, win over Lyceum on Tuesday.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe Lady Bombers are primed to make the Final Four and if they do, Alvarez will officially be a legitimate MVP contender along with San Beda’s Cesca Raqraquin.“She’s one of the top players so I guess she deserves to be the MVP,” said Tioseco of her player. Don’t miss out on the latest news and information. PH women’s volleyball team motivated to deliver in front of hometown crowd PLAY LIST 02:25PH women’s volleyball team motivated to deliver in front of hometown crowd00:50Trending Articles05:25PH boxing team determined to deliver gold medals for PH01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon Citycenter_img Photo by Tristan Tamayo/INQUIRER.netOn the verge of a potential MVP season, Jose Rizal University star Shola Alvarez got a much-needed advice from her coach Mia Tioseco.The growing MVP talks have been hard to escape for Alvarez especially when she keeps putting up numbers that validate her case as one of the top players in the NCAA.ADVERTISEMENT NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Brace for potentially devastating typhoon approaching PH – NDRRMC John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Slow and steady hope for near-extinct Bangladesh tortoises AFP official booed out of forum 2 ‘newbie’ drug pushers fall in Lucena sting View commentslast_img read more

MS Dhoni lauds Team India for ‘perfect game’ against England

first_imgIndia won the 4th ODI by 9 wickets to clinch the series 3-0 against EnglandIndia captain Mahendra Singh Dhoni feels his side played a “perfect game” today as the visitors thrashed England by nine wickets in the fourth One-Dayer to take an invincible 3-0 lead in the five-match series here.Opting to bowl, India first restricted England to a modest 206 and then overwhelmed the target in 30.3 overs to record their third consecutive victory in the ODI series at the the Edgbaston, in what turned out to be yet another lopsided contest.”Considering the first game, our performance only got better,” Dhoni said at the post-match presentation.”There is a tendency to lax after win, but we only got better and today was a perfect game,” he said.”The seamers bowled in the right areas and it was crucial because I thought it wouldn’t turn much. The fast bowlers set it up, because they took wickets and when the spinners came the batting was under pressure.”Dhoni praised young Ajinkya Rahane, who came in to open the batting in place of injured Rohit Sharma and scored his maiden ODI century with a 100-ball 106-run knock.Opening the innings, Rahane and an woefully out-of-form Shikhar Dhawan (97 not out) put on 183 runs for the first wicket to set the platform for the victory.Ajinkya Rahane and Shikhar Dhawan added 183 runs for the first wicket against England”The openers, if they can face 10 to 12 overs, it gives us a platform. It was good to see Dhawan back in form. Rahane was always someone who was third in line for the opening slot and he has made the most out of it. He is a good timer which makes it slightly easy for him. It’s a spot that suits him.advertisementRohit is a very talented guy and we are not making any decisions (on opening) as yet. I feel a lot of credit goes to the seniors I played under and the youngsters,” Dhoni said.England captain Alastair Cook feels India outplayed the hosts in all departments of the game.”A very tough day. The sport turns change so quickly. It is frustrating not to play to your potential,” he said.”We were going to bat first anyway. India certainly batted better, fielder better, and bowled better. It is always tough to lose three games in a row and in a manner that we lost,” Cook said.England captain Alastair Cook feels India outplayed the hosts in all departments of the gameCook said with the 2015 World Cup a few months away, England need to pull up their socks to be a contender for the coveted trophy.”There is a World Cup a few months away and you have to show you are hungry. We just need to look at ourselves and improve. There is potential but we need to improve,” he said.He also praised Moeen Ali for his attacking 67 off 50 balls in terms of adversity.”Moeen batted very well. He was the only guy to have a good day today. We are pretty clear on the personnel we need, but if people do not sore runs, or take wickets.. they certainly have the potential.. They need to turn up,” Cook said.Man-of-the-match Rahane, on his part, credited his bowling mates to set up the series-clinching win for India.”Feels really great when you get a 100 and the team wins.Credit goes to the bowlers as well for setting up the match,” he said.”I was batting well after the first few games and I was focussing to stay there. Really happy for Dhawan, the way he batted was special. We just wanted to enjoy the game. It’s a great challenge to open, you have to prepare your mind,” he signed off.last_img read more