USDA January Report

[charliep]

[URL="http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-01-12-2011.pdf"]USDA[/URL]

[jrlee21]

Seems that this report is bullies of crops. Looks like a good time to sit back and see where the market is going.

[charliep]

Market bulls liked the report - at least on the open.

[charliep]

Not related to USDA but I found the following report interesting - highlights the demand lead price rally we are in.

[URL="http://www.agrimoney.com/news/****seed-rally-close-to-alienating-key-users--2693.html"]EU ****seed[/URL]

[charliep]

Euro 510/tone equates to about Cdn $650/tonne.

[boarderbloke]

hey charliep, can you find a EU value for what they're paying for Green peas in Europe. Also any word on New crop pricing for Green peas out of CPShow/S'toon?

[charliep]

I don't have a source of European pea prices. You might check with Chuck Penner/LeftField Commodity Research.

[URL="http://leftfieldcr.com/"]Leftfieldcr[/URL]

[boarderbloke]

Thanks, BB

[ianben]

Hi
I dont grow peas myself but farmers
weekly ex farm uk prices last week are
micronising £213-£217/tonne spot
feed £205-£210 spot
both plus £1/ month forward

[ianben]

Hi
I dont grow peas myself but farmers
weekly ex farm uk prices last week are
micronising £213-£217/tonne spot
feed £205-£210 spot
both plus £1/ month forward

[boarderbloke]

Thanks ianben, say, how are the winter crops fairing over there? What percent of total production would winter crops makeup? Is the trend to grow winter crops growing or slowing?

[charliep]

Just to follow up on the original theme, a strong close as well. Gains held up during the day in a day that was likely actively traded - will have to look at volume and open interest.