Admin/Joe is it possible ?

[malleefarmer]

To put a one page market report up every day doesn't need to be detailed just a over view of wheat beans canola corn.

Presume usda was bearish wheat hence Fridays falls.

Always find it hard for a quick 3 minute read market update report.

Meanwhile Australia still dry except some summer cropping areas have received a preplant rain.

Will post some more pics up soon of the good and bad in our patch.

[joedales]

Good suggestion Malle.
I will ask Nicole to work on some content ideas to share with everyone.
We have a couple of big projects we are working to finish over the next few weeks so the timing is good.
If you see some formats you like, just post them into this thread and we can debate and discuss the project.

Thanks for sharing your thoughts.

Joe Dales
joe.dales@farms.com
877 438-5729 x5013

[malleefarmer]

Global forecasts for the 2017/18 season are expected to yield the second-largest crop ever , despite the production of agricultural commodities decreasing by 2.4 per cent from last year’s record crop. World stocks, particularly in corn and barley, are predicted to decline for the first time in six years, according to an early season report from the United States Department of Agriculture (USDA) released in August. While six months ago, the world was flush with grain and had huge stockpiles, in contrast it is predicted that own-consumption will draw down on most of these stocks over the coming year. This will cause a slight 2 per cent decline in global exports, however the 2017/18 season is still forecast to be the second largest year for international trade on record with 530mmt of key commodities set to be exported. Wheat Wheat production globally is expected to be down 1.6 per cent to 743mmt in 2017/18, caused mainly by the United States sowing its lowest wheat acreage in decades as Americans look to corn and beans for higher profits. The Australian wheat crop is forecast to drop by 33 per cent from last year to 23.5mmt following a poor start to the season in most states. This brings Australia down to a slightly below- average wheat production compared to last year’s all-time record of 35mmt. Wheat crops in Canada and Brazil are also expected to decline, while India and North Africa are two of the few regions set to grow in 2017/18. Compounding lower production are the dry conditions being experienced in North America, bringing concerns around low protein and the availability of quality wheat. High protein wheat is highly sought after by buyers, with low-protein making up the majority of global stocks. The global wheat stocks-to-use ratio is at a high 36 per cent, but when India and China are excluded, this drops to below 20 per cent. This is the first time the stocks-to-use ratio for the major export regions has dipped below 20 per cent since 2007/08. Feed Corn is presenting a similar story with production forecast to be down by 3.5 per cent globally, but still at near- record levels of 1.033 billion tonnes. Interestingly, corn consumption will reach 1.061 billion tonnes, exceeding production for the first time in seven years. As a result, corn stocks will be drawn down for the first time in a decade and are forecast to fall 12 per cent to 200mmt. Likewise, demand for barley is strong with consumption (145mmt) likely to exceed production (140mmt) this year. This will cause barley stocks to drop to extremely tight levels with a stock-to- use ratio of 12.5 per cent, compared to 16 per cent last year. The stocks-to-use ratio for corn is at 19 per cent, a drop of 2.5 per cent, creating some nervous feed markets. As the world’s population moves towards eating more protein and demand for animal feed increases, supply will need to keep pace. Oilseeds The 2017/18 season will see world soybean production at its second highest level ever, dropping 1 per cent from last year’s record of 352mmt down to 347mmt. Soybean supply and demand is well balanced, with consumption also at 343mmt. Stocks are stabilising at 97mmt following a huge lift in stocks in 2016/17. Canola is the one commodity which is forecast to grow by 5 per cent globally, despite a tough year in Australia with local crops tipped to be down 23 per cent to 3.2mmt. All eyes are on the Eyre Peninsula and the Kwinana and Geraldton zone to see what size crops these regions yield this year, following dry conditions in April and May hampering sowing efforts and crop establishment.

[malleefarmer]

Driving Prices Up
USDA Agricultural Report estimates Australian crop to reach 23 million tonnes, while local analysts suggest 20 million tonnes. This discrepancy could create a global price rally if realised. Put in perspective the Australian crop reached 33 million tonnes last year and the five year average is 26 million tonnes.
With the exception of Russian and Kazakhstan, all major wheat exporters decreased production this season.
Despite the large Russian wheat crop this season some government policies concerning railroad subsidies, are creating logistical issues and reducing market access.
Global crop quality continue to cause concerns due to difficult growing conditions.
Ongoing weather issues in Canada continue to impact yield expectations and raise concerns.
Driving Prices Down
The large global corn stock combined with low probability of a significant increase in demand, can act to keep grain prices down.
The French wheat crop is estimated to grow 2.3% this season, up to 37.9 million tonnes, the third largest crop recorded.
The large Russian crop combined with relatively stable conditions around the world is adding downward pressure on the market.
Global Trade News
Russian cash prices firmed slightly, despite a weak Ruble and record crop.
In the past months mindsets changed as the market moves from extreme highs to getting towards lows similar to last year. Currently trading is relatively flat but some upside risk exist given that low Australian crop estimates have not been priced in.
Local News
Rainfall and frost continue to impact the Australian market. Weather forecast suggest some rain will fall in Western Australia next week.
The extent of the frost damage on the east coast is yet to be determined but as temperatures rises effects become increasingly clear.
As temperatures begin to heat up (particularly in northern regions), estimates for Australian wheat crop, with no further moisture, suggest the crop will reach 20 million tonnes.
The wheat and barley market strengthened and prices increased as yield concerns grow.
The global barley price is expected to increase following a new Saudi tender this week.
Northern markets continue to strengthen following trade news suggesting smaller crops in New South Wales and Queensland.
Dry conditions in northern NSW and QLD are driving grain prices and increasing demand as beef cattle move into feedlots.
The harvest outlook for the wheat crops in southern regions is increasingly positive with some suggesting the production could be close to last year's levels.

[malleefarmer]

Commentary and Analysis
â– â–  The Russian 12.5% protein wheat market was quiet Tuesday due to winter holidays. Indicative offers were heard at $183-$184/mt for January loading and at $182$183/mt for February loading. Traders said the market was bearish, with high stocks and a strong ruble.
■■ The official site of the Ministry of Agriculture of the Russian Federation cited Russian minister of Agriculture Alexander Tkachev as saying Russia expects to export 40 million mt of grains by the end of the 2016/17 marketing year. The Ministry’s previous estimate was 35-40 million mt. Such a big export number is explained by the record grains harvest — 119 million mt in 2016.
â– â–  Algeria announced Monday a milling wheat buying tender for March shipment. Bids will close on Thursday. Another milling wheat tender was announced on Monday by Jordan. Bids will close on January 9.
â– â–  Australian wheat sellers resumed normal business on Tuesday, with selling indications for APW heard at around $200/mt FOB WA for March shipments.
â– â–  Buyers were $5-$6/mt apart, but a number of them have covered March requirements and prefer to wait for harvest completion for a clearer market outlook. Lower protein wheat, ASW, was heard discounted at $12-$15/mt below APW, wider than $10-$12/mt over the past week as sellers attempted to clear as much lower protein wheat from the pool as fast as possible.
â– â–  The Asian market was extremely quiet on Tuesday, as traders were still not back into the market after the yearend holidays. South Korean buyers and sellers said that around 30 million heads of poultry had been culled within the country, causing major buyers like NOFI and MFG to delay their April corn cargoes by one to two weeks. Because of congestion within the US PNW, sellers were also happy to comply with these requests, added a Singaporebased trader. Meanwhile, there were limited quantities of South American corn traded in Malaysia last week at $184$186/mt CFR Malaysia, for cargo loading over April-July.
â– â–  Prices for US yellow corn, CIF New Orleans basis, rose Tuesday. The CIF New Orleans market rose as there was export demand due to concern of floods in Argentina, which could delay the corn planting process there, a market participant said. US corn will be the most competitive source until the harvest in Argentina, so the delay there is strengthening US corn demand. January-basis delivery was assessed 2 cents higher at 46 cents/bushel above the CBOT March corn futures contract, and February-basis delivery

[malleefarmer]

Or something as simple as this joe this might be the best

[mcfarms]

Mallee

Agrimoney for news
Agriville for entertainment. Lol

[malleefarmer]

Mallee

Agrimoney for news
Agriville for entertainment. Lol

ok will check agrimoney just need a quick easy to find market snapshot