USDA July Supply Demand

[furrowtickler]

Nice, good things do happen to good people. Smile, have a beer or two..

[oneoff]

There are darn few ag industry players who are on the side of farmers best financial interests.
I'll relay a story about a certain broker who is known to favor driving prices up.

In a frank conversation with a different leading industry competitor; it was acknowleged that this was indeed true; and that this "farmer's friend"and his limited influences did not have the approval of any of the industry as the way that the market prices should be determined.

Farmer's could do better with more such friends.

[BTO_farmall]

Exactly Jack Oneoff. Money Buys Friends, About That Simple Too............

[charliep]

Today will be an interesting day. Lots of traders may
chose to take profits/get out today so they are not
holding a position into the weekend. Wouldn't be
surprised to see the market lower at the end of today
with Monday price direction being driven by whatever
the forecast of the day is. Just a guess based on what
happens on a regular basis and will be proven right or
wrong this afternoon.

[errolanderson]

Charlie . . . looks like a 'risk on'
start to the day.

Bull side: U.S. weather, Italian bond
yields dropped slightly overnight,
better than expected British
manufacturing numbers, Malaysian palm
oil rebounded nearly 2% last nite.

Bear side: China GDP off again for the
6th straight quarter. Huge stockpiles of
coal building in China ports due to
their slowdown. U.S. CPI was well below
estimates (deflation), grains
technically heavily overbought and
susceptible to profit-taking.