Kleist Comments

Kleist Comments
grains2

Tuesday, March 17, 201503/17/2015

MORNING GRAINS 3/17/15

Corn: Exports: South Korea in 207,000t and 69,000t feed wheat. Comments: Deliveries 1; mini’s 5 (stopped by the BOT?); It…

Grain cart and semi

Monday, March 16, 201503/16/2015

CLOSING AGS FOR March 14th, 2015. Cattle: Comments: Downside momentum persisted today but still in a range bound trade. The discounts remain under concern of lost export demand and slow retail buying as case prices remain high. Showlist estimates: up 14,000hd. (Tx./Neb./Ks.) Cash cattle last week: $161-162.50; today’s midday beef higher amid light movement. Hogs: Comments: A little bargain hunting it seems as June hogs fail to make a new contract low even as the April contract did. Had April closed over $62.50 a ‘key reversal’ would have been posted. Otherwise while the western interior made a new cash low for the move, midday cuts gained on the back of (mainly) loins. Interior hogs West dn. $1.19, East N/E. Midday pork cut outs up. $1.31 @ midday wire. GRAINS & OILSEEDS Corn: Bird flu feed concerns weaker exports, a lowered weekly in sections report and technical selling drawing us to the January lows. Nice bounce off lows late might be wheat-influenced or saturated selling (open interest up 30,000 in just a couple days). Soybeans: Choppy trade but largely pressured. Some selling on corn’s weakness as per meal; on no new Brazilian truckers strike; advancing South American harvest; and fears of more ‘switching’ on cheaper South American prices. Export inspections also down on week. Wheat: Held its head up most of the day on some apparent weather concerns, technical buying and a higher export inspections report. And, remember all the bullish tears over Ukraine’s crop because of Russia? Well, their government reports a 2014 harvest of 64mln.m/t’s vs. 63mln. year ‘despite’ loss of Crimea and fighting in the south-east; and grain stocks reported at up 22% on yr…..as soon as their new crop looks OK we could expect more competition? Needs the money?

Cattle: Comments: Downside momentum persisted today but still in a range bound trade. The discounts remain under concern of lost…

pig7

Monday, March 16, 201503/16/2015

MORNING LIVESTOCK 3/16/15

Cattle: Cash cattle so far last week: $161.-162.00 and $257.00 dressed; On 86 boxed loads, cut outs lower at dn.…

GRAIN FIELD2

Monday, March 16, 201503/16/2015

MORNING GRAINS 3/16/15

Corn: Exports: None Visible. Comments: Deliveries 335 (ADM issues 59, rest street); long range weather forecasts suggesting planting delays?….choose your…

grain bin1

Wednesday, March 11, 201503/11/2015

CLOSING AGS 3/11/15

Cattle: Comments: Obviously talk is that cash cattle will be no worse than steady with much talk of $162-163.00. Not…

pig4

Wednesday, March 11, 201503/11/2015

MORNING LIVESTOCK 3/11/15

Cattle: Cash cattle last week: $161-162.00 and $258.00 dressed; On 101 boxed loads, cut outs mixed at up. $.20 (c)…

GRAIN5

Wednesday, March 11, 201503/11/2015

MORNING GRAINS 3/11/15

MARCH CONTRACTS EXPIRE FRIDAY…………………. Corn: Exports: None Visible. Comments: Deliveries: 186; NOAA says 50-60% chance we will remain in a…

Combine and Wagon

Tuesday, March 10, 201503/10/2015

CLOSING AGS 3/10/15

Cattle: Comments: The downside extending the gap might have been tempered by the discount to the live until there’s a…

BULL

Tuesday, March 10, 201503/10/2015

USDA REPORTS 3/10/15

GRAINS & OILSEEDS CORN: Carryover: 1.777bln.bu. off 50mln.bu. due to exports up 50mln. while an increase in feed use by…

cow6

Tuesday, March 10, 201503/10/2015

MORNING LIVESTOCK 3/10/15

Add grains: China buys 107,255t sorghum new crop…………… Cattle: Cash cattle last week: $161-162.00 and $258.00 dressed; On 96 boxed…

Kleist Comments

This is John Kleist, of Kleist Ag Consulting.
Questions? Email me: johnwkleist@sbcglobal.net

Disclaimer: Trading options and commodities involves risk of loss and my not be for every investor. Past trading results may not be indicative of future performance. Although information and opinions provided herein are compiled from sources believed reliable, the sender, EBOT Trading, or its principals cannot attest as to accuracy or assume any responsibility for any errors or omissions as the information may not be complete or events may have changed.