Flood risk in US midwest is high for year 2013

Discussion in 'Commodity Futures' started by lx008, Apr 1, 2013.

  1. kanellop

    kanellop

    Hello Again to All.

    Seems that in the Pacific Northwest exist some troubles in flows of Grains:

    http://www.reuters.com/article/2013/05/04/usa-ports-lockout-idUSL2N0DL0GS20130504 ,

    -----

    UPDATE 1-Dockworkers protest Columbia Grain lockout in Oregon

    Sat May 4, 2013 4:49pm EDT

    * Grain shipper accuses union of slowing operations

    * Company has clashed with workers over contract terms

    * Workers say Columbia Grain never wanted an agreement

    * Protesters gather outside export terminal

    By Teresa Carson

    PORTLAND, Oregon, May 4 (Reuters) - Grain shipper Columbia Grain on Saturday locked out longshore workers in the U.S. Pacific Northwest in the latest escalation of a simmering labor dispute.

    The company, owned by Japanese trader Marubeni Corp , said it took action because members of the International Longshore and Warehouse Union (ILWU) were purposefully slowing operations at its terminal at the Port of Portland, a key outlet for exports to Asia.

    Columbia Grain said it had contingency plans to keep operations running during the lockout.

    At least 50 workers gathered in front of the terminal gates on Saturday afternoon in a peaceful protest against the lockout. Some carried blue and yellow picket signs that blasted Columbia Grain as "UNFAIR."

    The protesters set up canopies for shade during an unseasonably warm day and were distributing supplies of bottled water, snacks and fried chicken.

    "We've been locked out," Bruce Holte, president of ILWU Local 8, told Reuters at the protest.

    A contract between the union and the Pacific Northwest Grain Handlers Association, a collective negotiating group that includes Columbia Grain, United Grain Corp, Louis Dreyfus and TEMCO, expired in September.

    The two sides were unable to come to a contract agreement so terminal operators declared an impasse late last year, and imposed the terms of their final contract offer.

    TEMCO, a joint venture of U.S. agribusinesses Cargill Inc and CHS Inc, said in February that it reached a tentative agreement with the ILWU on its own. ILWU-represented employees at the Columbia Grain facility and the two Dreyfus elevators continued to work under the company's final contract offer terms.

    BARGAINING STALLS

    Columbia Grain said on Saturday that bargaining has stalled.

    Longshore workers are "engaging in 'inside game' tactics, including slowdowns, work-to-rule, and demands for repeated inspections of the same equipment - all designed to negatively impact Columbia Grain's operations," according to the company.

    The region's nine export terminals are a critical outlet for U.S. grain exports. Nearly half of U.S. wheat exports and about a quarter of all U.S. grain and oilseed exports leave the country via the Pacific Northwest.

    Columbia Grain has 42.5 million bushels of storage capacity and exports nearly 160 million bushels of wheat, barley, corn and soybeans through a state-of-the-art grain elevator at Terminal 5 in Portland, according to owner Marubeni.

    The union on Saturday said Columbia Grain never wanted to reach an agreement with the longshore workers and had hired replacement workers last fall while negotiations were still in their early stages.

    "Marubeni is hurting the Northwest's economy by putting local union workers out on the street instead of allowing us to go to work," Holte said in a statement.

    The union in March filed an unfair labor practice charge against United Grain Corp, a unit of Japanese trading company Mitsui & Co, after its members were locked out of the company's Vancouver, Washington, grain export terminal.

    -----

    1) Columbia Grain owned by Japanese Trader Marubeni Corp.

    2) TEMCO a Joint Venture of U.S.A Agribusinesses Cargill Inc. and CHS Inc.

    3) United Grain Corp. a Unit of Japanese Trading Company Mitsui & Co.

    Kind Regards,

    George Kanellopoulos.
     
    #21     May 5, 2013
  2. You're uninformed mr satan. Go online and read the dwelling form flood policy and specifically the ICC clauses. And read the requirements for new construction for a home to be qualified to be covered under federal flood insurance.
    Until Katrina came along, a black swan and then another black swan with Sandy the flood insurance was a good government program. For the majority of small and most large storms the government run flood program has been successful. But the black swans are becoming less of a surprise.
    FYI the flood insurance is very limited in what it covers and the government runs a tight ship on only paying legitimate claims.
     
    #22     May 5, 2013
  3. kanellop

    kanellop

    Hello Again to All.

    Into here:

    http://www.nass.usda.gov/Statistics...cations/Crop_Progress_and_Condition/index.asp ,

    for the very important to Hard Red Winter Wheat U.S.A State of Kansas,

    exist the following Numbers for the Hard Red Winter Wheat Condition,

    for the Week Ending 5, May 2013:

    a) 19% Very Poor,

    b) 21% Poor,

    c) 33% Fair,

    d) 24% Good,

    e) 3% Excellent.

    So, based in Mr. Darin Newsom, DTN Winter Wheat Condition Index,

    we have:

    9 + 48 + 33 + ( -21 ) + ( -38 ) = 31.

    The conclusions are yours.

    Kind Regards,

    George Kanellopoulos
     
    #23     May 6, 2013
  4. I just assumed these hicks kept doing the same thing over and over. I will take your word for it because I am too lazy to read... My Bad!!!!!!

    As for calling me "Mr Satan" that is too funny. I an nothing more than a wise a$$ amusing my self..
     
    #24     May 6, 2013
  5. kanellop

    kanellop

    Hello Again to All.

    This hour exist the following important News:

    1) http://www.agrimoney.com/news/us-farmers-behind-in-spring-plantings-by-48m-acres--5805.html ,

    2) http://www.agrimoney.com/news/hopes-dip-for-fsu-aussie-crops---but-not-brazils--5813.html .

    Seems that exist serious troubles except of U.S.A into Australia, Ukraine and Russia.

    Now, based in here:

    http://www.star.nesdis.noaa.gov/smcd/emb/vci/VH/index.php ,

    in:

    http://www.star.nesdis.noaa.gov/smcd/emb/vci/VH/vh_4km.php ,

    and after:

    http://www.star.nesdis.noaa.gov/smcd/emb/vci/VH/vh_browseByCountry.php ,

    in the Data Type:

    Drought ,

    in the Show Option:

    Country Only ,

    in the country/region ,

    10: Australia ( AUS ),

    140: Russian Federation ( RUS ),

    178: Ukraine ( UKR ),

    in the Year ,

    2013 ,

    in the Week ,

    18 ,

    seems that exist some problems.

    Also, Wheat Crop Maps for these Countries,

    exist here:

    1) http://www.pecad.fas.usda.gov/cropexplorer/al/as_cropprod.htm?commodity=Wheat&country=Australia ,

    2 a) http://www.pecad.fas.usda.gov/cropexplorer/al/rs_cropprod.htm?arg1=Russia&arg2=Total_Wheat ,

    2 b) http://www.pecad.fas.usda.gov/cropexplorer/al/rs_cropprod.htm?arg1=Russia&arg2=Winter_Wheat ,

    2 c) http://www.pecad.fas.usda.gov/cropexplorer/al/rs_cropprod.htm?arg1=Russia&arg2=Spring_Wheat ,

    3) http://www.pecad.fas.usda.gov/cropexplorer/al/up_cropprod.htm?country=Ukraine&commodity=Wheat .

    Kind Regards,

    George Kanellopoulos.
     
    #25     May 8, 2013
  6. Brighton

    Brighton

    George,

    You should start a business and call it "Don't spend $225 per month for DTN/Telvent because I can provide the same information for one-tenth of the price."

    Granted, the name doesn't roll off the tongue, but you can work on that.

    Some background: I recently used a demo version of DTN for a week or so because I wanted to see if they had certain fundamental data, built-in spreads and ratios, and a few petro-chemical prices that I was spending too much time obtaining or cobbling together on my own.

    I learned that their 'basic' version - which seems to have a decent charting program (not my area of expertise) costs $225/mo for delayed data and didn't have enough of what I wanted to justify the expense. I've since started using an API from Interactive Brokers and have created real-time spreads, ratios and strips and I found a source for the natural gas liquid and petrochemical info, so I'm set.

    Therefore, I'm giving you this business idea and a chance to monetize your superb ability to find good, free fundamental data sites and convince DTN's farmer and small trader customer base that they don't really need DTN. When you become a billionaire, in return, all I ask for is a lifetime supply of baklava, feta and gyros.

    P.S. Hummus and cucumber-dill sauce, too, but I don't know if those are Greece-specific or common to the wider region.
     
    #26     May 8, 2013
  7. kanellop

    kanellop

    Hello Again, Brighton.

    I am around here in quite big readiness for some News that i find last night with my local time,

    which are very important but i have been too tired for to write them down.

    Must sleep the humans i guess for some time every day,

    but the Grains Production always working 24 hours per day / 365 days per year around this World.

    Now, i do not know what have the DTN/Telvent payed Subscriptions,

    but as i know,

    DTN/Telvent is a very serious U.S.A Company.

    Have very important Human Resourses,

    which are their most important Asset.

    Now, for their Subscription/s charge/s,

    i do not know what provide,

    but this is the Life.

    DTN/Telvent must cover a lot of Payments over there,

    like good Salaries to their valuable Employees and to spend additional Money for their Business.

    Now, it is very difficult for me to create that kind of business,

    never i have think it,

    also, it is not to my priorities of life.

    It is not easy something like that.

    Also, for to provide to someone and News from somewhere else that are not yours,

    must pay royalties to Companies,

    because you will do that for Money.

    But, when write something for free,

    you are quite calm that you will not have such troubles.

    Also, i write things relative to Grains from time to time,

    because likes me a huge the Grains.

    They are the most important Goods in this World after the Air and Water with my small opinion.

    I will stop here for to prepare some things relative to Wheat and Hay...

    Kind Regards,

    George Kanellopoulos.
     
    #27     May 9, 2013
  8. kanellop

    kanellop

  9. kanellop

    kanellop

    Hello Again to All.

    Almost have "break" this hour from these News:

    http://dyersvillesales.com/hay-auction/hay-auction-results/

    -----

    Dyersville Sales Co.

    Hay Auction Market Report 5/08/13

    Receipts: 527 tons were sold. The market was firm Top both all time records large squares sold for $350/ ton large rounds topped at $340/ ton for inline wrapped demand good farmers busy in the field

    -----

    All Time Record for Hay - Large Square,

    "Alan Greenspan" of USDA, Joseph Glauber.

    Do you see THESE NUMBERS ?

    Tomorrow, what you will write into the USDA WASDE Report for Corn and for the Feed / Residual Sector ?

    Indeed, have collapse this hour my psychology after these very important News.

    Kind Regards,

    George Kanellopoulos.
     
    #29     May 9, 2013
  10. kanellop

    kanellop

    Hello Again to All.

    Well,

    i can say that the USDA Numbers breaks me again.

    I do not know how believe the "Alan Greenspan" of USDA, Joseph Glauber,

    that at least the Wheat Numbers of U.S.A and other Major Wheat Producing Countries of the World will be so optimistic.

    The News for Wheat "kill' me and drop my mood.

    For the Corn i can say,

    that i believe that the recent Weather Conditions into the Continental U.S.A,

    does not leave so optimism in the coming Year U.S.A Corn Crop.

    Now, and another factor which it is very difficult to follow,

    because i do not know things,

    is the Issue of Sugarcane in Brazil,

    which create it into Ethanol and consume it over there but also send it in the U.S.A.

    Exist and an Issue for Corn relative to China.

    The Chinese, i do not believe that have correct Numbers at least for their Production.

    For Soybeans seems that will exist some troubles at least for Brazil for now.

    Difficult the Grains Game, i guess.

    Now, here exist some News:

    1) http://www.agrimoney.com/news/un-lifts-world-wheat-hopes-but-cautious-on-us-corn--5815.html ,

    2) http://www.agrimoney.com/news/too-soon-to-be-alarmed-over-aussie-wheat-outlook--5816.html ,

    3) http://www.agrimoney.com/news/cf-joins-observers-cutting-hopes-for-us-corn-area--5817.html ,

    4) http://www.agrimoney.com/news/feed-mills-in-chilly-uk-lift-output-to-record-high--5818.html ,

    5) http://www.agrimoney.com/news/drought-deepens-brazils-north-south-faming-divide--5819.html ,

    6) http://www.agrimoney.com/news/exit-from-peanuts-may-limit-chinas-corn-woes--5820.html ,

    7) http://www.agrimoney.com/news/sugar-prices-to-gain-traction-thanks-to-ethanol--5821.html ,

    8) http://www.agrimoney.com/feature/us...d-2013-14-crops-poses-big-questions--213.html ,

    From here likes me a huge:

    -----

    'Gauging yield not so easy'

    If the USDA is to make a lowball estimate, it is more likely in US wheat, specifically hard red winter wheat, for which crop is already standing, and nursing damage in the southern Plains from drought and late frosts - as documented by crop tours last week.

    Not that the tour estimates may prove so accurate this year, given the impact of the cold weather in slowing crop development.

    "Gauging yield accurately is not so easy when there are no heads on the wheat," Mr Tierney said.

    Investors are expecting an estimate for the hard red winter wheat harvest of 776m bushels, down 22% year on year.

    Quality factor too

    This makes wheat, in particular, one crop in which the world data - although also covering crops largely not in the ground in the likes of Australia and Argentina – particularly important, Jerry Gidel, chief feed grains analyst at broker Rice Dairy, said.

    "Because we are not going to get a big crop at home, it matters more what other countries do," Mr Gidel said.

    There is also the issue of quality, which will be less evident from the data.

    "What you need to make protein is heat, and we haven't had that.

    "We are not going to have a high protein crop unless we get a few weeks of heat. But if that happens, the way the crop is it is likely to wipe out yields."

    That is one of the stories which may unfold as the USDA's first 2013-14 estimates turn into historical numbers.

    -----

    9) http://www.agrimoney.com/news/double-crop-soybean-acres-may-fall-22percent---macquarie--5822.html ,

    From here likes me the News relative with double Crop Soybeans and the:

    -----

    US planted of double crop soybeans may fall by more than 20% because of the slow development of the winter wheat crop it is sown after eating into the seeding window, Macquarie said.
    The bank termed as its "major concern" in new crop soybeans the delayed progress of US winter wheat, of which only 20% had headed as of Sunday, half the proportion usually by now, thanks to the cold spring.

    In states planting double crop soybeans, which are planted typically on land vacated by the winter wheat harvest, the heading rate was running at its lowest in at least 20 years, Macquarie said.

    "The late stage of wheat development will put at risk double crop soybean plantings and at least mean substantial area and yield loss are likely," Macquarie analysts Chris Gadd.

    -----

    10) http://www.agrimoney.com/news/us-to-lead-global-soybean-stocks-to-all-time-high--5825.html .

    Some interesting U.S.A Weather Conditions exist here:

    http://www.cpc.ncep.noaa.gov/products/predictions/threats/hazards_d3_7_contours.png .

    Also, some News relative to Canada exist here:

    http://www.dtnprogressivefarmer.com...&blogEntryId=8a82c0bc3e43976e013e8ab00acd02ca .

    Kind Regards,

    George Kanellopoulos.
     
    #30     May 11, 2013