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MLH DAILY UPDATE
DAILY UPDATE 11/18/2014
Mike Hall
217-717-4394
____________________________________________________________________________________________________________
**** 6-10 Day Forecast: Normal to Below Temps. Normal to Above Precip East, Below West.
****n Grain markets mixed this morning. Soybeans firmer following thru on yesterday’s rally fueled by
record weekly export inspections and a bullish NOPA crush report. Corn weaker as export inspection
were slow and US Corn remains too high priced to compete on the world markets.
Trade will continue to watch Brazil and Argentine weather closely. So far conditions are for the most part
good but planting has run behind normal.
**** Crude Oil higher $75.85 up .21 **** Gold higher $1201.20 up $17.70
**** The Dollar is trading lower this morning.
**** World stocks, Japan up 2.1% China off 0.6% Europe up 0.6% Dow futures up 4 points.
**** Dalian Exchange, Soybean, Corn and Soybean Meal futures higher. **** Palm Oil up 1.0%
**** The USDA reported Corn harvest 89% complete vs. 80% last week, 90% last year and 88% average.
Soybean harvest 94% complete vs. 90% last week, 94% last year and 96% average.
Corn harvest came in a little above the trade estimate of 87% while Soybeans came in a shade blow at
94% vs. the estimate of 95%.
The Winter Wheat crop was rated 60% good to excellent vs. 60% last week, 63% last year and compares
to 56% average for this date.
**** Brazil analyst Safras Mercado estimated Brazil Soybean planting 62% complete as of last Friday.
This compares to 46% last week, 72% last year and 74% average for the date.
**** European traders confirmed that 25,000 mt. of German Rapeseed has been sold for import into
the US. Traders say it may stem from delays in shipments of Canadian Canola to the US.
**** Rumors of more US Soybean Meal exports being cancelled or switched to Brazil origin.
**** Monday Funds, Sold 11,000 Soybeans, 6,000 Meal, 2,000 Corn. Bought 5,000 Wheat, 2,000 Oil.
**** Israel tendering for 170,000 mt. of opt. org. Corn and 25,000 mt. of Feed Wheat for Jan/April.
************************************* Cash Markets **************************************
CIF Corn steady.
Nov. +77 to +80, Dec. +78 to +82, JFM. +69 to +71,
AM +60 to +64 , AMJJ +58 to +63
River House bids: STL. up 4 at +6 Havana ucnh -22
NS rail cent IL. Nov. -10 Dec. -7 JFM -14
PNW Corn trains: Nov +100 Dec. +104 Jan. +102
PNW Bean Trains: Nov. +110 Dec. +110 Jan. +115
****CIF Soybeans steady.
Nov. +99 to +104, Dec. +101 to +105,
Jan. +98 to +103, Feb. +85 to +90, Mar. +74 to +80
River house bids : STL up 8 at +25 Havana up 1 -8
Processor bids. Decatur +10 Bloomington +10 Gibson City +10
**** CIF SR Wheat steady. N/D +105 to +?? JFM +100 to +130
*** Barge freight: STL 575- 625 IL. River 675 – 700 Ohio 700 – 725
Regional Ethanol Plant Bids
Northeast OH
Central IN
Central IA
South Central MN
Northeast SD
Northeast IL
Today
-20
-35
-56
-14
-46
-20
Yesterday
-20
-35
-56
-14
-46
-20
Last Week
-20
-45
-60
-20
-44
-20
MLH DAILY UPDATE
DAILY UPDATE 11/18/2014
_______________________________________________________________
Bid
Ask ICG Soybeans
Bid Ask Corn Delv. Chicago
ICG Corn
Nov.
Dec.
Jan.
Feb
-10
-5
-10
-10
Nov.
+3
Nov.
Dec.
JFM
+15
+14
8
Rail bids supplied by Laclede Trading, Carmel, IN 317-581-8916
(*denotes traded)
___________________________________________________________________________________________________________________
CORN BASIS
CIF
DECATUR
S TL
CHICAGO
TOLEDO
Today
Yesterday
Last Wk.
Last Yr.
5 Year Average
+77
+77
+82
+90
+67 1/2
SOYBEAN BASIS
CIF
Today
Yesterday
Last Wk.
Last Yr.
5 Year Average
+99
+99
+114
+100
+75 1/2
Barge Freight
STL
IL River
Ohio
+2
+2
Opt
+10
+6
+6
+2
-3
+4
+1 1/2
Opt.
Opt.
-7
+8
+3 1/2
S TL
CHICAGO
DECATUR
+10
+10
+15
+15
+10 1/2
+25
+17
+21
+8
+15
-19
-19
-19
-20
-5
TOLEDO
+10
+10
+10
+5
-9
TODAY
YESTERDAY
LAST WEEK
600%
675%
700%
625%
700%
750%
675%
775%
750%
-14
-14
-15
+15
+2
________________________________________________SPREAD DATA______________________________________________
Full Carry % Full Carry
0.1730 75.13%
0.4072 70.00%
0.6994 61.48%
0.2315 66.97%
0.1170 66.26%
0.1418 63.46%
0.1443 38.13%
0.2934 -96.29%
0.1442 32.94%
0.1866
5.36%
Spread
CZ/CH
CZ/CN
CZ/CZ
CH/CN
CK/CN
SF/SH
SH/SK
SN/SX
SK/SN
WZ/H
Close
-13.00
-28.50
-43.00
-15.50
-7.75
-9.00
-5.50
28.25
-4.75
-1.00
Yest. Last Week
-12.50 -12.75
-28.00 -29.00
-42.25 -45.75
-15.50 -16.25
-7.00
-7.25
-7.75
-4.50
-6.50
-4.50
27.75 28.75
-5.25
-2.25 -10.00
Last Yr.
-8.50
-23.75
-37.75
-15.25
-7.25
5.25
68.50
16.50
-10.00
Pit Volume
126480
7202
12239
2150
1008
6084
622
1802
840
6217
Electronic Volume
61937
4897
3414
1799
4897
21414
3765
2732
2144
17184
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