Seed Consultants Market Watch 2/1/2013 Morning Comment Gary Wilhelmi

first_img FinancialDow pre open off 50 following a weak jobs report of 157,000 new jobs and —Dow open plus 76, unemployment up to 7.9%ISM manufacturing index expected at 50.7PMI 51.5U of M consumer sentiment 71.5Construction spending up .8%Chinese PMI 50.4 off .2%Exxon earnings beat estimatesDAX down .3%FTSE .6% lowerWTI crude $97.40 off $.14Brent crude $116.38 up another $.79 and on a steady rise after breaking above $113Gold chopping about at $1671 up $11Dollar continues to decline off 24 at 78.95 the lowest in a whileLivestockTexas and Kansas cattle trade at $125 plus $3Inventories forecast at down 1.8% and watch lots under 1000 head as they have been steadily closingBoxed beef $1.44 lower choice and $.77 in select cutsKill 487,000 thus far off 2000Hog kill 1,666,000 up 24,000Cold and snow curbs hog movement111 loads of pork cutout at $.42 lower on carcass, down $ up $.46 loin’s, hams $3.17 lower and bellies $2.39 higherGrain and soybeans$7.42 March corn, $14.79 March beans and $7.82 March wheatDryness in Argentina now affecting the soybeans and also up into S BrazilInforma private S American crop estimates todayChina 222,000 tons of additional 13-14 beans yesterdayChinese New Year begins 2-9 and their buying is in anticipationNOPA crush will start being released at 11 CST on 2-15Heavy snow in upper Midwest will eventually add to shallow steamsBrackets: March corn $7.35 -7.50, March beans $14-15 and March wheat $7.40-8.10 Home Market Market Watch Seed Consultants Market Watch 2/1/2013 Morning Comment Gary Wilhelmi By Hoosier Ag Today – Feb 1, 2013 Seed Consultants Market Watch 2/1/2013 Morning Comment Gary Wilhelmi SHARE Previous article2013 Indiana Forum to Explore the Big Picture of AgricultureNext articlePoultry Industry Adjusting to $5 Corn Hoosier Ag Today SHARE Facebook Twitter Facebook Twitterlast_img

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