Gary Wilhelmi 6-19-12 PM Comment

first_imgHome Market Market Watch Gary Wilhelmi 6-19-12 PM Comment Previous articleService Projects Open Indiana FFA ConventionNext articleHoosier Ag Today Launches iPhone APP and Re-designed Android APP Hoosier Ag Today Gary Wilhelmi 6-19-12 PM Comment SHARE Facebook Twitter SHARE By Hoosier Ag Today – Jun 19, 2012 Facebook Twitter FinancialPolitically fractured EU reflects that condition at featureless G 20 meetingFOMC begins today with they can actually do as evidenced by their former futilitySpanish rates over 7% a red flagItaly is coming down the road to ruin right behind the SpanishDAX up .6% and driftingDow quiet start expectedDollar index 81.73 off 21 or in rangeCrude just $.17 higher at $83.44Gold uneventfulLivestockLarge 653,000 cattle slaughter leaves show lists lighterBoxed beef $ .50 in both choice and selectHot and dry threatens pasturesHeat also curbs appetitesPork cutout up $ .21 with loins down $1.74, hams off $ .38 and bellies up $ 3.90Slaughters 130,000 and 391,000Grain and soybeansCorn crop condition drops to 63% good to excellent from 66%Beans fall to 56% from 60% with IL, IN and OH decliningSpring wheat still great at 76%Winter harvest is 48% completeOne-third of corn has had one-half of normal rains and only one-quarter has had the usual amountOne private estimate puts corn yield at 159 bushel per acre down from 161 and beans at 42.5 from 43December corn has come out of the night above its $5.45 resistanceNovember soybean resistance is near by at $13.80July wheat range $6.20-6.60Outside markets waiting for further evidence with major economic meetings on goinglast_img

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