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RCM Ag Services Cotton Newsletter provides a unique daily analysis of the current events affecting the world cotton market, exclusive research from cotton market veterans, market recommendations, and a look into how this all will affect the cotton market moving forward.
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Lumber is one of the most reactive futures on the market make sharp movements based on supply & demand. The RCM Ag Services Lumber Newsletter delivers market updates, technical breakdowns, and lumber price updates in this one easy newsletter.
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Blog Digest
Merucci- Milk, Feed, Cattle market update
As we head into end of year, take time to make sure you have minimized your risk and kept yourself open for better prices if they may occur. It has been a difficult stretch for milk prices which is evident by clients that have had consistent coverage in place are shaping up to get DRP […]
LEONARD LUMBER REPORT: THIS MARKET IS STILL A GRIND, BUT THIS TIME A GRIND HIGHER
Recap: This market is still a grind, but this time a grind higher. The January futures contracts were up $3.50, while the cash print was up $3. It did feel better than that all week. There may be better confidence building up with the recent cash trade. Also, the projections set in January are coming […]
Hedging: Futures and Options 101
Futures trading has been around for hundreds of years with the first exchange, Dojima Rice Exchange, starting in Japan in 1730. The United States got its first official commodity trading exchange in 1848 when the Chicago Board of Trade (CBOT) was created. Chicago was the ideal location for the exchange with rail lines and proximity […]
RCM Ag Services’ Mike Merucci joins ST Genetics podcast to discuss Dairy Hedging
In the ST Talks podcast episode, Laura Demer explores the topic of milk hedging with Pat Carroll, a partner at Geno Source, a 5,000 cow dairy, and Mike Merucci, head of the Dairy Division for RCM Ag Services. Mike Merucci underscores the necessity for dairy producers to establish a risk management plan, understand their production […]
LEONARD LUMBER REPORT: January gained $10 for the week, but it felt much better than that
Happy Veterans Day! One of our own, a World War II veteran, is celebrating this weekend. I believe he was in the Army-Aircorp and served with the French underground. Jack Hall from Hall Lumber Sales in Middleton, Wis, is 99 years old. If you are wondering what he likes, he is a big proponent of […]
AG MARKET UPDATE: NOVEMBER 9
The November USDA Report raised US yields and ending stocks. From what we have been hearing about yields in the eastern corn belt the rise in yields was not that unexpected while a 1.9 bu/ac jump higher to 174.9 was not quite expected. Rarely does the November report differ so much from the Sep/Oct yields, […]
LEONARD LUMBER REPORT: I would not call it the Great Reset, but there was definitely cash trading last week
Recap: I would not call it the Great Reset, but there was definitely cash trading last week. What started as traders covering cash turned into a global buy. We also saw a mill go up $18 in less than 24 hours. That was reminiscent of the 21-22 trade when they threw a dart each morning. […]
Leonard Lumber report: The immense tension in the lumber industry is lower mill costs and less demand versus a new face of the pent-up market
Recap: The immense tension in the lumber industry is lower mill costs and less demand versus a new face of the pent-up market. No better example of what lies ahead from this tension is the way futures traded on Thursday. A pattern of voids is developing that will cause higher prices as the industry now gets […]
LEONARD LUMBER REPORT: We are all trying to shape this market not with clay but with wet sand
Recap: We are all trying to shape this market not with clay but with wet sand. Each negative seems to overwhelm the positive. While the housing pace continues on its post-COVID run, there are signs of fatigue. As we measure ongoing business, we continue to get hit with bad news. The 8% mortgage was expected. […]
USDA OCTOBER CROP REPORT UPDATE
2023 Yield Estimate: 173.0 BPA (173.5 BPA Estimate) 23/24 US Corn Stocks: 2.111 BBU (2.138 BBU Estimate) 23/24 World Corn Stocks: 312.4 MMT (313.05 MMT Estimate) The USDA lowered US […]