Sunbelt Ag News

DOANE: Cotton Comment

Closing Rice: Futures retraced a portion of recent gains 12-16

Closing Cotton: Market Hits Third Successive Rally High 12-16

Closing Livestock: February Lean Hogs Debuts with Triple Digit Push 12-16

Closing Grain: Finish Higher 12-16

U.S. Stock Market News 12-16

Midday Grain: Market Mixed 12-16

Linn Soybean Commentary: Heavy Volume And Continued Demand Out Of China Support Bean Complex 12-16

Linn Corn Commentary: Funds Lead The Way 12-16

Midday Livestock: Livestock Futures Gaining Momentum 12-16

Kansas: K-State Agronomist Discusses Vertical Tillage - What it Is and How it Works 12-16

Davidson's Farm: Test Plot Results 12-16

Texas: Multi-County Ag Conference Set January 19 in LaCoste 12-16

Opening Cotton: Bounces to Trade Higher 12-16

Texas: Duncan Joins AgriLife Extension as State Small Grains Specialist 12-16

Opening Grains: All Higher Overnight in Relatively Light Activity 12-16

Opening Livestock: Cattle Contracts Should Open Mixed 12-16

K. Good's Farm Policy: Climate Issues; and Chairman Peterson 12-16

Owen Taylor: Why (maybe) it always seems to rain in town 12-16

Georgia Pecans: Grower deliveries light going into second half of December 2009 12-15

Georgia: Nominations Open For Young Peanut Grower Of The Year 12-15

Louisiana Pecans: Deliveries still light, trading interest increases 12-15

Texas Pecans: At mid-December, deliveries light, demand good for better pecans 12-15

DTN Retail Fertilizer Trends 12-15

Dairies to Reduce Gas Emissions 12-15

Taxlink by Andy Biebl 12-15

Linn Wheat Commentary: Overnight markets were weaker as the U.S. 12-15

Texas Research: Strip Tillage and Primed Acclimation Promising for Crop Improvement 12-15

Tennessee: 2010 Milan No-Till Field Day Scheduled 12-15

Louisiana: 2010 Rice Leadership Development Class Announced 12-14

Indiana: Farmers face latest harvest since 1972 12-14

Ag Lending Changes: Struggle for Bankers and Farmers 12-14

Arkansas: Rain Damage Loss Remains at $309 Million 12-14

USDA National Weekly Rice Summary 12-14

Virginia Harvest: Seeing Better than Expected Grades 12-14

Owen Taylor Up Early: Asian Oil Demand, Onions For Energy, Another Tool For Remote Moisture Monitoring 12-14

Mississippi Row Crops Short Course Programs Now On Line: Roundup resistance, insects, fertility, disease management 12-14

FMC introduces Broadhead rice herbicide 12-14

Peanuts: Argentine Planting Off To Reasonable Start, Export Report Includes U.S.-Bound Tonnage 12-14

U.S. Diesel Fuel Cost Survey 12-4

Fruit and Vegetables from STAT

More Ag News | Grain Futures Newswire

Sugar, U.S. Nut Markets

Upcoming Events:

(FD: field day; SS: scout schools)

2010 National Cotton Council Beltwide Cotton Conferences, January 4-7. New Orleans Marriott Hotel and Sheraton New Orleans Hotel.

Tri-State Soybean Conference, Jan. 8, Stoneville, MS.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 9 & 23, Zion Lutheran Church, Beloit (2 sessions).

National Conservation Systems Cotton & Rice Conference
Tunica, MS - Jan. 12-13.

Southern Field Crop Alliance Conference, Jan. 13 & 14, Tunica, Ms.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 16 & 30, Fisher Community Center, Hiawatha (2 sessions).

Texas West Plains Ag Conference, Jan. 18, South Plains College, Hockley County, 806-894-3159 (continuing ed).

Texas Drip Irrigation Workshop, Jan. 19, Brownfield, Terry County, 806-637-4060 (continuing ed).

Texas Southern Mesa Ag Conference, Jan. 19, Lamesa, Dawson County, 806-872-3444 (continuing ed).

Texas Multi-County Agriculture Conference, Jan. 19, 8:30 am, Catered Lunch, Our Lady of Grace Parish, LaCoste.

Texas Caprock Crop Production Conference, Jan. 20, Floyd County Friends Unity Center, Floydada, Floyd County, 806-983-4912 (continuing ed).

North Carolina Southern Cotton Growers/Southeastern Cotton Ginners Annual Meeting, Jan. 20-23, 2 pm, The Westin, Charlotte (pre-register).

Texas Llano Estacado Cotton Conference, Jan. 21, Muleshoe, Bailey County, 806-272-4584 (continuing ed).

Louisiana 2010 Agricultural Outlook Conference: “Keeping Louisiana Agriculture Competitive," Jan. 21, State Evacuation Facility, LSU AgCenter's Dean Lee REC, Alexandria.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 9 & 23, Zion Lutheran Church, Beloit (2 sessions).

Southern Cotton Growers & Ginners Annual Meeting, Jan. 20-23, The Westin, Charlotte, NC.

3rd Annual Georgia Cotton Conference & Georgia Cotton Production Workshop, January 27, 7:30 am, UGA Tifton Campus Conference Center, Tifton.

Kansas: `Keeping the Family Farming´ Workshop, Jan. 16 & 30, Fisher Community Center, Hiawatha (2 sessions).

Texas Llano Estacado Corn Conference, Feb. 9, Castro County Exposition Building, Dimmitt, Castro County, 806-647-4115 (continuing ed).

Texas South Plains Ag Conference, Feb. 10, Brownfield, Terry County, 806-637-4060, (continuing ed).

Texas Cottonseed Variety Meeting, Feb. 10, Farwell, Parmer County at 806-481-3619, (continuing ed).

Texas Cotton Production Meeting, Feb. 11, Lamesa, Dawson County, 806-872-3444, (continuing ed).

Louisiana: 75th Annual Livestock Show Feb. 13-20. Lamar-Dixon Expo Center, Gonzales.

RTWG (Rice Technical Working Group) 33rd Conference, Feb. 22-25, Biloxi, MS.

Texas Cotton Production Meeting, Feb. 22, Tahoka, Lynn County, 806-561-4562, (continuing ed).

Texas Cotton Variety Selection, Cotton Outlook and Fertilizer Management, Feb. 23, Brownfield, Terry County, 806-637-4060, (continuing ed). 

Tennessee: 26th Milan No-Till Crop Production Field Day, July 22, tennu@bellsouth.net

To list an event, contact Owen Taylor

 

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Tuesday Morning Soybean Update-Heavy Volume And Continued Demand Out Of China Support Bean Complex..

Nate Smith - 12/16/09 9:03am


Soybeans closed unchanged on Tuesday. After rallying 13 ˝ cents on news of fresh sales of 290,000 mt of soybeans to China the market set back from the highs and traded lower into the close. Despite the lackluster close Jan beans came within a dime of the recent 1078 high. Strong demand out of China has been keeping the market firmer. There was talk of large short covering of a short position in the July November Spread. Volume on Tuesday was heavy. Soybeans traded 188,683, Meal traded 53,434, Oil traded 67,534. Funds were net buyers of an estimated 3,000 Soybeans, 1,000 Oil and 1,500 Meal.

Opening call higher. This morning theUSDA reports private sale of 116,000 mt of US Soybeans to China for the 09/10 MY. Demand from China for US Soybeans remains robust until South American crops become available and traders say this should keep soybean prices from breaking. The first South American Soybeans to become available are from Brazil and that starts in February and beans out of Argentina don’t become available until April. Argentine Ag. Minister estimates Argentine Soybean planting at 76% complete. $USD is trading 20 lower this morning and Crude oil is .80 higher. Look for soybeans to open firmer this morning and break with resistance at 1060 to 1062 area a move above 1068 would set up a run at the recent highs of 1078 in Jan Beans. Overnight Chinese Soybeans, Meal and Oil futures closed higher.

Opening call: Soybeans 4 to 6 cents higher, Meal .50 to $1.00 higher, Oil .20 to .40 higher

Top News **USDA reports private sale of 116,000 mt of US Soybeans to China for the 09/10 MY -- Taiwan's BSPA group is seeking between 40-60,000 mt of US Soybeans in a Thursday tender for shipment between LH Jan & FH Feb -- USDA's CCC tendering for 4,850 mt of US soybean oil in a Dec 21st deadline with shipment between Jan 6 to 16th -- Retender announced for Dec 17th by Taiwan Sugar Corp for 12,000 mt of US Soybeans, acc. to traders -- Soy planting in Argentina is said to be 76% complete, acc. to the country's Ag Sec, while Corn planting was also said to be 76% complete -- Oilseed analysts, UkrAgro, in the Black Sea region suggest an increase to area devoted to rapeseed planting will increase by 200,000 ha to 2.4 mln ha this next season as foreign demand increases -- Deputy Ag official in India says progress for winter planted crops such as rapeseed & wheat have good progress -- Prices for Corn, soybean & wheat are expected to average in 2010 $4.19/bu, $9.63/bu & $5.25/bu respectively, acc. to forecast by JPMorgan -- Malaysian crude palm oil in the cash market traded above 2,500 ringgit/mt for prompt December delivery -- Traders also note refined palm oil cash markets in Malaysia traded 15 ringgit higher on Wednesday at 765/mt, while refined palm olein also added 15 ringgit to 780/mt -- Canola and flax crop exports out of Canada will drop by about one-quarter the country's agriculture department reported on Tuesday -- $100 mln Vietnam soybean processing facility has begun construction, acc. to Bunge officials. The plant would begin production in 2011 with a 3,000 mt/day crushing rate. Company officials see double digit annual growth rates in the region -- Sep soybean futures on the Dalian Exchange rose 10 yuan to 4,027 yuan/mt, other contract months were 2 to 18 yuan higher also -- Dalian soymeal futures traded over 1.3 mln contacts, rising 23 yuan to 2,999 yuan/mt; active Sep soyoil futures traded 1 mln contacts rising 66 yuan to 7,922 yuan/mt -- Active Sep palm oil futures jumped 108 settling Wednesday session at 7.006 yuan/mt -- Malaysian crude palm oil traded above 2,500 ringgit/mt for December delivery -- Liffe Feb rapeseed futures were +0.50 euro better at 283.50 euros/mt. -- Globex Soybean Vol. 167,148; Pit Vol. 12,159; Open Interest Change: + 3,501 -- Weather: 6-10 day Forecast: Normal to Below temps. Normal to Below Precip. -- Outside markets: Energy Complex +0.56 at $71.25; Gold & Silver: +9.2 at $1132.2 & +0.080 at $17.535; US $ -0.130 at $77.170

Cash Markets -- CIF Soybeans steady off 3. Dec. +52 to +60, LH Dec. +56 to +62, Jan. +62 to +68, Feb. +54 to +58, Mar. +25 to +45, April +25 to +40, May +30 to +45