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Monday, June 13, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are higher as South American conditions cause supply concerns and add to the bullish sentiment. Outside markets look to see if stocks and oil can rebound from Friday's losses.

US Weather has some above normal temperatures in the forecast. As Drew Lerner of World Weather, Inc. points out, however, "It is only mid-June and there is much summer weather that still lies ahead making rainfall extremely important over the next few weeks."

USDA's Supply & Demand�report was viewed mostly bullish on Friday. Old crop corn ending stocks were lowered from 1.803 billion to 1.708, higher than the trade expectation of 1.766. New crop stocks were lowered from 2.153 billion to now 2.008. The trade expectation was 2.058