Sunbelt Ag News

DOANE: Cotton Comment 

Audio: Cotton Conference Call - Ag Marketing Network panel discusses latest USDA report, possible market direction 11-12

Southeast Cotton Harvest Reports: Some progress, but Ida is a concern 11-12

Delta Cotton Harvest Reports: Struggling To Finish The 2009 Crop 11-12

Closing Cotton: Closes Lower in Heavy Dealings 11-12

Closing Grain: Impressive Session for Soybeans 11-12

Closing Rice: Recent Gains Firmed 11-12

U.S. Diesel Fuel Cost Survey 11-12

U.S. Stock Market News 11-12

Texas: Cotton Grower Happy with Average Crops 11-12

Harvest Conditions Need Careful Drying 11-12

Kansas: K-State Scientist Reviews Options for Late-Planted Wheat 11-12

Midday Grain: Soybeans Stronger 11-12

Midday Livestock: Cattle Futures on Defensive at Midday, Pressured by Lower Feedlot Cash  11-12

Linn Corn Commentary: Strikes Again 11-12

Linn Wheat Commentary: Ended Higher 11-12

Linn Soybean Commentary: Drift Higher 11-12

Kansas: `Keeping the Family Farming´ Workshops Set for January in Beloit, Hiawatha 11-12

The Pain of Technology Adoption 11-12

Opening Cotton: Extends Sharp Midweek Downturn 11-12

Opening Grains: All Lower Overnight 11-12

Opening Livestock: Lean Hogs Likely to Open Lower 11-12

K. Good's Farm Policy: Climate Issues and Agriculture; Food Security; and Food Safety 11-12

Virginia Cotton: Harvest, Lint Quality and Yield  11-11

Closing Livestock: Cattle Futures Plunge Lower in The Face of Faltering Feedlot Sales 11-11

Arkansas: Clock Ticking for Wheat Growers 11-11

Georgia: Volatile October Sets Record Temps 11-11

New Tech Tractors that Talk 11-11

Farmers' Program, Industry's Gain 11-11

Resistant Weeds in the Future: Harder to Kill in Soybeans, Rice, Corn, Wheat 11-11

Kentucky Producer Wraps Season Up 11-11

Texas: Subsurface Drip Irrigation - If it works here, it will work anywhere 11-11

Georgia Pecans: Moderate deliveries, export interest widens 11-10

Midsouth Pecans: Very light farmer deliveries, slow but steady demand 11-10

Peanuts: USDA reduces 2009 crop estimate by 1%, sees 30% drop from 2008 11-10

Georgia: New Systems Help Water Applications 11-10

Mississippi: Harvest Rains Hurt Crops 11-10

USDA Reports Preview 11-10

Iowa Farmer Sees Crop Rotation Working 11-10

Pesticide Levels Decline in Corn Belt Rivers 11-10

Wet ethanol production process yields more ethanol and more co-products 11-10

Brazil Readies Cotton Retaliation Against U.S. 11-10

Shortage of Dairy-Quality Hay 11-10

Arkansas: Sun Powers Harvest Progress 11-9

Fruit and Vegetables from STAT

More Ag News | Grain Futures Newswire

Sugar, U.S. Nut Markets

Upcoming Events:

(FD: field day; SS: scout schools)

Kansas State University Management, Analysis and Strategic Thinking Program (MAST), November 16-17. 

Mississippi: Delta Area Rice Meeting and Dinner, November 19 at 6 p.m., Bolivar County Extension Auditorium, Cleveland.

Texas: Agrilife conducts public training on: prescribed burning; comparison of wheat, oats and triticale; herbicide application equipment, November 19,Schleicher County Civic Center, located just south of Eldorado.

Texas High Plains Ag Conference, December 2, AgriLife Research and Extension Center, Lubbock. Contact Scott at 806-775-1680, or r-scott@ag.tamu.edu

Texas 21st Annual Plant Protection Assn. Conference "Application of Agricultural Technology and Management for Changing Times", December 2 & 3, Brazos Center, Bryan.

California: Using Blue Bees In California Almonds, December 7, Masonic Family Center, Chico.

California: Using Blue Bees In California Almonds, December 8, UCCE Stanislaus County Office, Modesto.

Mississippi 2009 Row Crop Short Course, December 7-9, 10 am, Bost Extension Center, Mississippi State University, Registration Form.

Alabama Precision Agriculture and Field Crops Conference, December 8, 8 am, Wind Creek Hotel, Atmore.

California: Almond Industry Conference, Dec. 9-10, Modesto.

2009 USA Rice Outlook Conference, December 9-11, New Orleans Marriott, New Orleans. For more information, contact Jeanette Davis, jdavis@usarice.com.

2010 National Cotton Council Beltwide Cotton Conferences, January 4-7. New Orleans Marriott Hotel and Sheraton New Orleans Hotel.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 9 & 23, Zion Lutheran Church, Beloit (2 sessions).

National Conservation Systems Cotton & Rice Conference
Tunica, MS - Jan. 12-13.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 16 & 30, Fisher Community Center, Hiawatha (2 sessions).

North Carolina Southern Cotton Growers/Southeastern Cotton Ginners Annual Meeting, Jan. 20-23, 2 pm, The Westin, Charlotte.

Louisiana 2010 Agricultural Outlook Conference: “Keeping
Louisiana Agriculture Competitive,"
Jan. 21, State Evacuation Facility, LSU AgCenter's Dean Lee REC, Alexandria.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 9 & 23, Zion Lutheran Church, Beloit (2 sessions).

Kansas: `Keeping the Family Farming´ Workshop, Jan. 16 & 30, Fisher Community Center, Hiawatha (2 sessions).

Louisiana: 75th Annual Livestock Show Feb. 13-20. Lamar-Dixon Expo Center, Gonzales.

RTWG (Rice Technical Working Group) 33rd Conference, Feb. 22-25, Biloxi, MS.

To list an event, contact Owen Taylor

 

 

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The Linn Group


Ended Higher

Nate Smith - 11/12/09 8:53am


Soybeans ended Wednesdays session 4 cents higher. Soybeans traded in a 22 cent range. Volatility has been troublesome for many traders as the market tries to figure out bearish fundamentals, money flow, excessive liquidity and a weakening $USD. Talk of big money chasing these markets has some wondering if bearish fundamentals mean anything anymore. For the Week so far January Soybeans are up 9 ¼ cents including last nights trade however the range for the week is 67 ½ cents This is difficult battle is further illustrated on Wednesday as volume was off from recent sessions indicating the small speculator is struggling to trade these markets. Volume in Soybeans yesterday was 110,421 off from recent sessions trading 130,000 to 160,000. Meal traded 46,656, and Oil traded 65,741. Funds were net buyers of an estimated 2,000 Soybeans, 2,500 Oil and 500 Meal.

Opening Call lower. The $USD is trading higher this morning and is expected to exert some pressure on soy prices today. Crude oil is trading lower down .87 cents. China’s National Grain and Oils Information Center released their monthly crop report and left soybean production unchanged. Chinese soy importers are expected to slow their purchases in coming weeks after earlier heavy bookings. The Buenos Aires Grain Exchange estimates Argentine Soybean plantings at 33.8% complete vs 21.7% last week and 40% a year ago. Expect Jan beans to offer resistance at 969 this morning and for opening calls to weaken with the current uptrend in the Dollar. Overnight Chinese Soybean, Meal and Oil Futures closed higher

Opening call. Beans 10 cents lower, Meal $3.00 lower and Oil .60 lower.

** USDA Weekly Export Sales report will be released Friday, November 13, 2009, due to Veterans Holiday instead of its usual Thursday release. **USDA reports private sale of 116,000 mt of US Soybeans to China for the 09/10 MY -- Argentine Grain Exchange leaves 2009/10 Soybean area planted unchanged in latest report at 19 mln ha, same as last week -- Argentine Sunseed area planted was lowered to 1.66 mln ha from last week's 1.75 mln ha in BA weekly crop progress report -- While Soybean harvest had picked up in Argentina, Corn planting progress in weekly Buenos Aires exchange report shows it still behind last year's pace of 74.3% with most recent estimate at 69% complete -- Weekly crop progress in Argentina shows Soybean acreage planted jumped to 34% complete up 12 percentage points from the prior week, acc. to Buenos Aires Grain Exchange -- Latest report by China's CGNOIC leaves 2009 Soybean production for that country unchanged at 14.5 mln mt from prior estimate. However its 6.7% lower than last year's crop -- Latest report by China's CGNOIC leaves 2009 corn production for that country at 163 mln mt -- Beginning Nov 15, China will require domestic canola importers to receive permits before signing contracts for Aussie or Canada canola. Permits are to designed to help stop the spread the blackleg disease domestically. Cargos arriving with the disease canola must be in ports away from Chinese canola growing areas. -- Malaysian cash refined palm oil product prices rose on Thursday from the prior day, while cash crude palm oil also rose from prompt & December delivery -- Industry group in Malaysia says Nov production of palm oil could drop by 25% to 1.48 mln mt of output as heavy rains weigh on yields -- Pending Tender: November 4th is deadline in USDA's CCC buy tender of 5,990 mt of US Soymeal for donation to Guatemala. Shipment is expected between Nov 25 and Dec 5 -- Pending Tender: Egypt is looking to purchase 30,000 mt of vegoil by Nov 5th for FH December arrival according to traders -- Pending Tender: 10,000 mt palm olein tender floated by PEC of India, the tender will close on November 11, acc. to the company -- Liffe Feb rapeseed futures were off -0.75 euro at 269.0 euros/mt. -- Dalian Soybean futures for Sept delivery gained 13 yuan in overnight trade to end the session at 3,730 yuan/mt; Active May soymeal futures on the Dalian exchange gained 23 yuan to 2,903 yuan/mt, while May soyoil futures also posted a 22 yuan gain -- Malaysian cash refined palm oil product prices rose on Thursday from the prior day, while cash crude palm oil also rose from prompt & December delivery -- Globex Soybean Vol. ; Pit Vol. ; Open Interest Change: -- Weather: 6-10 day Forecast: Above Normal Temps. Below Precip West, Above East -- Outside markets: Energy Complex -0.63 at $78.65; Gold & Silver: +0.4 at $1115.0 & -0.042 at $17.495; US $ +0.145 at $75.405

Cash Markets -- CIF Soybeans steady off 2 to 9. Nov. +45 to +50, LH Nov. +50 to +57, Dec. +68 to +72, Jan. +71 to +74, Feb. +55 to +70,Mar. +30 to +65, April +35 to +45, May +35 to +45