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A little sleep, a little slumber, a little folding of the hands to rest- and poverty will come on you like a bandit
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Allendale eSnapshot is being provided to you as an introduction to Allendale Inc's research and services. Allendale is celebrating its 23rd anniversary in the futures industry. When Bill Biedermann and I developed our business plan in 1983 our mission was to provide our clients with information and service so they could make sound financial decisions. With the development of electronic order entry and trading it is even more important to know the facts about the market. Allendale Inc. has worked diligently to develop an agricultural research product that will meet the customer's needs. Currently our research is used by our trading and hedging clients, news reporters from around the world, Hedge Funds, commercial livestock producers and many more. Allendale's staff is regularly asked to be a guest presenter at conventions and to board meetings. You can email me and I will personally see that you get a 7 day trail the Allendale Research
Center at no charge. pgeorgy@allendale-inc.com.
pgeorgy@allendale-inc.com
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By Rich Nelson, Dir. of Research
USDA pegged US corn production at 11.114 billion bushels. This is the second largest crop on record (11.807 in 2004). Yields are 154.7 bu/a and are also the second largest (2004). The Allendale survey was within 2.04% of USDA and thus clients were well prepared for this production number. USDA typically raises production by 219 mil bu into January. But even so, production is not exceeding usage....
More About USDA Report
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By Scott Laudick and Brian Atkins
There is no doubt that large demand is stalking our corn fields. Ethanol has gone from a mere 600 million bushel usage in year 2000 to nearly 2.2 Billion bushels in the coming year and will make up 18% of our demand. But the real interesting story is that we have created a very inelastic demand for our corn (see elasticity article in Special Reports Section of the Allendale Research Center). Thus if supplies do not increase in the coming year to meet growing demand, then the price could go up much more substantially ....
I Want In!
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By Jim McCormick
It looks like there is a good spreading opportunity in corn as the July corn futures are currently trading 18.5 cents premium to the March futures. That equates to 4.5 cents per month premium. Most grain storage facilities around the country charge 2-3 cents per month to store grain. The facilities registered for delivery at the CBOT charge 4.8 cents per month. Thus, since the market is paying such a large premium for grain to be delivered at a later date, it is profitable for most.....
Full Article
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By Jim Schlough
A great trading opportunity presents itself in the crude oil vs e-mini Standard and Poor's 500 (e-S&P). As you can see by the attached graph, there is a very reliable inverse relationship between the crude oil and the e-S&P. You can have higher stock prices with high energy prices for a while, but eventually....
Gotta Trade This
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Allendale Inc. sets January 19th and 20th of 2007 for the 17th Allendale Outlook Conference. It will be held at the McHenry County College in Crystal Lake, IL. The line up of speakers will provide you with trading and marketing ideas for 2007. As soon as the details have been finalized they will be posted on our website. You can see what the over 250 attendees of the last years conference enjoyed by clicking on the following link.
See What the Conference is All About
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