I'm Paul Georgy, President and CEO of Allendale, and as the host of the Commodity Coffee Shop, I bring you all the early calls and overnight trade information that you need to get your day started, brought to you direct from the Allendale trading floor.
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All the news that's news to you
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This time of year finds many producers pushing a pencil on what crop to plant on those undecided acres to maximize revenue. At the same time, specialty end users are scrambling to secure the last of the acres they need for 2009 crop.
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Weather conditions and forecasts are less than optimistic for the Southern Plains. Two week forecasted temps suggest swings of more than 25 degrees. That may promote heaving. The present drought monitor suggests greater than normal rains will be required. Principle key winter wheat producing states of Kansas, Oklahoma, Washington and Texas have a degree of abnormally dry to severe drought.
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This year's changes in plantings could set the tone for prices throughout the year. You need to have the best data in your hand before USDA releases their annual Planting Intentions report on March 31! For years, Allendale has given you that information f
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Find out how to take part in this year's survey...
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Corn export sales for the week ending February 26 were 31.2 million bushels, up 76 percent form the previous week. This weeks sales are over the 23.7 million bushels needed for the week to meet USDA projections of 1.75 billion bushels. Export sales for the week were over the highest pre-report estimate of 29.5 million bushels, which is supportive. Shipments for the week were decent at 35.8 million bushels,
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