More Related Content
Similar to Cruise The Crop Markets 2010 Day 1 (20)
Cruise The Crop Markets 2010 Day 1
- 1. Grain Price Outlook and Market Strategies Cruise The Crop Markets by John Roach January 17 - 24, 2009 Day 1 © Roach Ag Marketing, Ltd.
- 2. Roach Ag Marketing, Ltd. 7601 N. Federal Hwy Suite 265-B Boca Raton, FL 33487 800-622-7628 jroach@roachag.com http://www.roachag.com © Roach Ag Marketing, Ltd.
- 3. Grain prices set their peak of a new price plateau in 2008. The new price plateau will remain but prices will search out the bottom of their range again this fall, if crops are good. © Roach Ag Marketing, Ltd.
- 4. Why will the new price plateau remain? © Roach Ag Marketing, Ltd.
- 6. Global Meat beef + pork + chickens & turkeys Production, per capita consumption, and population Source: USDA Agricultural Projections to 2017. © Roach Ag Marketing, Ltd.
- 7. Dollar’s value has been driving trade for the last 2 years Dollar Index © Roach Ag Marketing, Ltd.
- 10. GSCI™ Components and Dollar Weights (%) (12-18-2009) Energy 69.53 Industrial Metals 8.21 Precious Metals 3.30 Agriculture 14.71; Wheat 3.16; Red Wheat 0.63; Corn 3.40 Soybeans 2.39; Cotton 1.15; Sugar 2.82 Coffee 0.78; Cocoa 0.38 ; Livestock 4.26 Live Cattle 2.44; Feeder Cattle 0.46; Lean Hogs 1.36 © Roach Ag Marketing, Ltd.
- 11. What role did fundamentals play in 2009 grain prices? © Roach Ag Marketing, Ltd.
- 12. #1 - World Soybean Crop down 27.4 million tons = 34% of entire U.S. Crop © Roach Ag Marketing, Ltd.
- 13. #2 - March Intentions March Intentions © Roach Ag Marketing, Ltd.
- 16. #3- On May 17 only 62% of the U.S. corn crop was planted with Illinois at 20%. Beans were 25% planted with Illinois at 1% © Roach Ag Marketing, Ltd.
- 17. Dollar back in decline from Feb 09 to June 09 Dollar Index Bears’ 1st Target © Roach Ag Marketing, Ltd.
- 21. Speculative money again flowed into grain markets as traders chased beginning bull market moves© Roach Ag Marketing, Ltd.
- 26. U.S. farmers planted more acres than expected and the weather became nearly perfect for big crops© Roach Ag Marketing, Ltd.
- 31. What are the Fundamentals Now? © Roach Ag Marketing, Ltd.
- 52. Prices should peak prior to normal March June selling season if no U.S. crop problem develops© Roach Ag Marketing, Ltd.
- 55. FSU-12 Exports 2007-8 – 27.47 MMT 2008-9 – 54.71 MMT 2009-10 – 49.50 MMT U.S. Corn Exports 2007-8 – 69.89 MMT 2008-9 – 51.17 MMT 2009-10 – 55.79 MMT U.S. Wheat Exports 2007-8 – 34.36 MMT 2008-9 – 27.64 MMT 2009-10 – 22.45 MMT © Roach Ag Marketing, Ltd.
- 77. U.S. ending stocks likely to increase due to smaller exports and feed offset by + ethanol
- 79. We still need a big corn crop every year and should have seasonal strength in 2010© Roach Ag Marketing, Ltd.