Grain markets are closed Sunday night and Monday
Reopen Monday night
Tuesday 16th Soybean Crush number
est. 183.08 vs. 183.45
USDA Outlook Forum
(late this week)
Friday 19th March grain options expire
Asia and China on Holiday this week
Beans ending stks 9.57 days of supply and in 2013/14
ending stks were 9.61 supply. We still have half of a marketing year to go. Carry 120. RATIONING..HMMMMM
Brazil Conab est bean production 133.8 vs 133.6 in Jan.
Corn 105.48 vs. 102.31
Feb. insurance avg
Corn 451.25 and Soybeans 1166.50
2 weeks to go for Feb.
Seasonally still working on Feb. low?
Year High/Low retracements
CH CZ
38.2% = 538.25 38.2% = 449.50
50% = 526.75 50% = 444.50
61.8% = 515.50 61.8% = 439.50
SH SX
38.2% = 1383.25 38.2% = 1162.50
50% = 1366.75 50% = 1150
61.8% = 1350.50 61.8% = 1137.50
CZ/SX ratio 2.613
Questions please call me
800-942-1513
Scott Capinegro
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