Grain & Feed Manager - Managers Forum Forum Index Grain & Feed Manager - Managers Forum
This is the spot to share your thoughts and concerns with fellow people in the grain and feed indsutry.
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 




US Cash Grain Review: Country Movement Continues To Stall

 
Post new topic   Reply to topic    Grain & Feed Manager - Managers Forum Forum Index -> Markets and Grain Merchandising
View previous topic :: View next topic  
Author Message
Chris Clukey



Joined: 23 Mar 2007
Posts: 65
Location: Freeport, IL

PostPosted: Aug 27, 2008 9:23 pm    Post subject: US Cash Grain Review: Country Movement Continues To Stall Reply with quote

US Cash Grain Review: Country Movement Continues To Stall

Cash grain movement remains lethargic as producers have no interest in selling corn or soybeans amid mixed futures prices and with uncertainty surrounding the crops, merchandisers and analysts said Wednesday.

"Historically, if you'd have seen a one dollar rally in corn during the month of August we'd be as swamped as you could possibly imagine, but there's been very limited activity at all," one central Iowa-based merchandiser said.

Producers have pre-sold much of their grain stocks, so there isn't as much available, and there hasn't been a push to free up cash at this point, so grain selling is minimal. In addition, uncertainty surrounding the size of the soybean and corn crops at this late stage of the growing season is also crimping sales, he said.

"There's more uncertainty today than there was three weeks ago, and it's a very strange time to make that kind of comment," the merchandiser said.

(The rest is here: http://news.ino.com/headlines/?newsid=20080827012336)
Back to top
View user's profile Send private message Send e-mail
Display posts from previous:   
Post new topic   Reply to topic    Grain & Feed Manager - Managers Forum Forum Index -> Markets and Grain Merchandising All times are GMT - 6 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group
Protected by Anti-Spam ACP