Additional News From The Floor

Monthly winter wheat US conditions report

  • Kansas good to excellent 34% vs. 35% a month ago
  • Kansas poor to very poor 22% vs. 20% a month ago
  • Nebraska good to excellent 43% vs. 46% a month ago
  • Oklahoma good to excellent 31% vs. 36% a month ago
  • Oklahoma poor to very poor 31% vs. 24% a month ago

 

Texas weekly wheat conditions – 15% good to excellent vs. 16% a week ago and 46% poor to very poor vs. 47% a week ago

 

Texas corn planting is 8% complete vs. 14% a year ago and vs. 19% average

 

Oil World estimates

  • ‘13/14 global bean production estimated at 278.8 MMT vs. previous estimate of 287.8 MMT and vs. ‘12/13 production of 267.4 MMT
  • ‘13/14 Brazilian bean crop estimated at 84.0 MMT vs. previous estimate of 89.5 MMT and vs. ‘12/13 production of 81.5 MMT
  • ‘13/14 Argentine bean crop estimated at 53.0 MMT vs. previous estimate of 54.0 MMT and vs. ‘12/13 production of 48.5 MMT
  • ‘13/14 Paraguay bean crop estimated at 8.1 MMT vs. previous estimate of 9.3 MMT and vs. ‘12/13 production of 9.2 MMT
  • ‘13/14 US bean crop estimated at 89.5 MMT unchanged from previous estimate and vs. ‘12/13 production of 82.6 MMT
  • ‘13/14 China bean crop estimated at 12.0 MMT unchanged from previous estimate and vs. ‘12/13 crop of 12.6 MMT
  • ‘13/14 India bean crop estimated at 9.7 MMT vs. previous estimate of 10.5 MMT and vs. ‘12/13 crop of 11.0 MMT
  • ‘13/14 total global soybean crush estimated at 234.0 MMT vs. previous estimate of 235.8 MMT and vs. ‘12/13 crush of 225.0 MMT
  • ‘13/14 global bean ending stocks estimated at 72.5 MMT vs. previous estimate of 79.2 MMT and vs. ‘12/13 ending stocks of 63.1 MMT
  • ‘13/14 Brazil ending bean stocks estimated at 20.7 MMT vs. previous estimate of 24.4 MMT and vs. ‘12/13 ending stocks of 19.8 MMT
  • ‘13/14 Argentine bean ending stocks estimated at 30.5 MMT vs. previous estimate of 31.0 MMT and vs. ‘12/13 ending stocks of 24.8 MMT
  • ‘13/14 US bean ending stocks estimated at 3.5 MMT vs. previous estimate of 4.1 MMT and vs. ‘12/13 ending stocks of 3.8 MMT
  • Argentina January 2014 soybean crush estimated at 2.0 MMT vs. 1.7 MMT a year ago
  • Argentine January 2014 sunseed crush estimated at 178,000 tons vs. 332,000 tons a year ago

 

Cordonnier’s weekly crop estimates

  • ‘13/14 Brazilian bean crop estimated at 87.0 MMT vs. previous estimate of 88.5 MMT
  • ‘13/14 Brazilian corn crop estimated at 68.5 MMT unchanged from previous estimate
  • ‘13/14 Argentina bean crop estimated at 53.5 MMT unchanged from previous estimate
  • ‘13/14 Argentine corn crop estimated at 23.0 MMT vs. previous estimate of 22.5 MMT

 

 

ADM and Bunge said Ukraine operations are normal. Tensions in Ukraine are not affecting grain exports

 

Tenco has bought 5,000 May corn 510 calls at 4 ½ – 4 ¾ since the opening

 

ABN has bought 600 July bean 1300 puts at 22 since the opening

 

JP Morgan bought 500 July bean oil 40 puts at 70 since the opening