Post by eddiedry on Nov 23, 2011 21:41:42 GMT -5
Via ADM news
Domestic cash corn basis remains firm. Soybean basis is also a little firmer in the west. Lower futures market continues to slow new cash selling. John Deere raised their est of 2012 ave farm corn price to 6.40 from 5.75 vs USDA latest range of 6.20-7.20. They raised their ave farm soybean price to 13.00 from 12.75 and vs USDA range of 11.60-13.60.
They est 2012 US farmer total cash receipts near 374 billion dollars up slightly from last year but up from their previous est of 362
Domestic cash corn basis remains firm. Soybean basis is also a little firmer in the west. Lower futures market continues to slow new cash selling. John Deere raised their est of 2012 ave farm corn price to 6.40 from 5.75 vs USDA latest range of 6.20-7.20. They raised their ave farm soybean price to 13.00 from 12.75 and vs USDA range of 11.60-13.60.
They est 2012 US farmer total cash receipts near 374 billion dollars up slightly from last year but up from their previous est of 362