Seed Consultants Market Wrap Up 7/10/12 with Gary Wilhemi

first_img Financial2Q earnings begin with a soft attitude and even more never anticipation on advanced guidanceEU finance ministers meet again with no results expectedSpanish interest rates climb above 7% which amounts to a monetary cliffHere at home we wait and worry about dropping over a fiscal cliff as tax cuts expire and debt rumbles on.Dow off about 60 points most of the dayS&P 500 near 1350 support level wire to wireCrude oil up $1.20 to $85.77Chinese CPI at 2.2% is in a stall and Japan’s machinery orders were poorGold languishes at $1588Dollar slides 23 to 83.14 but still near its export choking highEuro at 2 year lowLivestockFeeder cattle continue their power dive as corn surges aheadBoxed beef off $1.78 at $190.87Tighter supplies expected next year take April of 2013 to new highsPork cutout came into the week off $.51 with loins down $.78This will be a normal slaughter weekWatch slaughter weights as it is still toasty in the plainsAs feed costs sky rocket I don’t think has any idea on what $170 plus per head losses mean to the meat counterGrain and soybeansCorn last week was 48% good to excellent down for 56% the previous week and 69% last yearSoybeans 45% versus 53%, and 66% a year ago.Watch the conditions report tomorrow morningCurrent yield estimates are around 150 bpa in corn and 42 in beansSoybeans still have a little time to improve but that requires moisture and none is forecastThis is the worst drought since 1988 and maybe back to the 1930’s, but that would take many years of consecutive dryness.Some see El Nino relief in late 2012 or early 2013Corn yield could fall to 140 bpa and after today’s explosive session it is impossible to calculate how high is high.Reduced feed usage, decreased ethanol production and diminished exports will help shape rationingThe WASDE S/D report will be out on the 12thThere will not be a survey crop estimate for a month10:48AMS&P 500 drops under 1350, which was resistance on the way upDow off 60 at 12,710 with support at 12,600, although not majorGold up $9 and crude up $.87Corn, wheat and beans cruise at high altitudesJapanese corn buyers not covered for 4th qt.Black sea port shut down by floodingMeats beat quiet retreat Seed Consultants Market Wrap Up 7/10/12 with Gary Wilhemi SHARE Facebook Twitter Facebook Twitter Financial2Q earnings begin with mixed expectationsThe shadow of last Friday’s poor jobs report is still castEuro is at 2 year lowEU Finance Minister’s meet again with little expectationsSpanish 10 year yield back up over 7%, which is unsustainableEuro actions short term at bestChinese CPI 2.2% equals economic slowingDAX steady to startUS consumer credit may be $9.5b up from $6.5b in AprilUS 10 year down to 5.2%Unemployment benefits top $14 bCrude oil $84.79 up $ .34Gold $1586 $4 betterDollar 83.18 down 19Dow called a little lowerLivestockCash cattle $117 up $1 but remains at a large discount to futuresBoxed beef $192.50 on choiceBetter eating weather in Midwest but plains remain friedPork cutout off $.51 with loin’s down $ .78 and hams up $.40Short slaughter weekGrain and soybeansThe hot air balloon rises $.32 in December corn to $7.25, $ .40 in November beans to $15.46 and September wheat up $ .23 at $8.2940% of corn is affected by droughtTemps moderate back into the 80’s but it looks dry out through 10 daysDelta may get ¾-1 ½ of rain150 bpa corn yield seen by many down from beginning 162 bpaSoybeans till have some time to recover over $15 Nov. does not show optimismDollar at 83.18 is awfully rich and that limits all exportscenter_img By Hoosier Ag Today – Jul 9, 2012 Home Market Market Watch Seed Consultants Market Wrap Up 7/10/12 with Gary Wilhemi SHARE Previous articleThe Inconvenient DroughtNext articleFarm Bill Up in House Ag Committee This Week Hoosier Ag Todaylast_img read more

Sachin Tendulkar meets ‘Selection Day’ stars

first_imgMumbai, Dec 17 (PTI) Yash Dholye and Mohammad Samad, the young stars of the upcoming Netflix original series “Selection Day”, had a meeting with cricket legend Sachin Tendulkar.The two actors, who play aspiring cricketers in the series, which is based on Aravind Adiga’s book of the same name, were invited by Tendulkar to his home.”Everybody has a dream and while following the path to realising the same, you always have the power to choose who you become. I lived my dream with the same principle and am happy to have met two young men who have started their journey with very relatable characters, Sachin said when he met the duo.”Selection Day streams on Netflix from December 28.The story revolves around 14-year-old Manju and his older brother Radha (Yash Dholye). Controlled from a young age by his overbearing, cricket-obsessed father, Manju has come to hate the sport. When the family moves to Mumbai and the brothers start at a new school, Manju discovers his interests outside of cricket and starts slipping away from Radha and his father’s grasp. More importantly, Manju becomes friends with Radha’s greatest cricket rival, a boy who is the very definition of freedom and confidence – concepts Manju has never experienced himself.The series also stars Mahesh Manjrekar, Ratna Pathak Shah, Rajesh Tailang, Shiv Pandit, Karanvir Malhotra, Akshay Oberoi and Pakhi Gupta. PTI BK BKBKlast_img read more