Richard's Weekly Rant

The feed use is the residual category which the US...

2010-07-08T18:03:05.771-07:00

The feed use is the residual category which the USDA uses to recalibrate its production numbers. The market was shocked by the USDA raising its use estimate by 25% because it didn't really happen. The lift in this category as we have suggested relates to the USDA getting its 2009 US corn crop production estimate wrong.

How does usage jump by 25% year on year without an...

2010-07-08T01:17:28.187-07:00

How does usage jump by 25% year on year without anyone noticing? With export info, ethanol usage and feed use all pretty transparent, it seems strange that the market can be 'shocked'.
Is this information available and the market doesn;t bother to collate it, or can, for example ethanol use boom and the market finds out about it until later? Sounds implausible - ethanol margins and mandates are pretty clear.... interesting times

That's right. Keep the cool but be tough enough to...

2010-03-22T00:08:48.674-07:00

That's right. Keep the cool but be tough enough to be able to come up with the best business solutions when time calls for it. Thanks for the facts. More power!

G'Day Richard, i have a couple of questions. First...

2008-10-16T01:35:00.000-07:00

G'Day Richard, i have a couple of questions. Firstly do you think all the funds (index and hedge) have left the grains building? Or could they be doing the reverse of this time last year as these markets are the only thing left to short?
Secondly, as a grower a fair way south of the river - is there a better way to manage basis - other than physical sales - using ASX? We got torn a new one last year on basis trying to unwind ASX hedges and we are now a bit gun shy - do you think there is room for a Vic track contract or for that matter SA and WA track as well given that there are now east and west coast pools?
Thirdly, how close is Cousins to training at the Lexus Centre?