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Prepared Jordy Smith looking to put SA surfing on the map in Tokyo News24 South African surfer Tokyo Olympics. Despite disruptions from the pandemic over the last year, Smith managed to secure a spot for the Olympics through the World Surf League (WSL) Champion Tour in 2019. Smith says that the Tokyo Olympics delay did not seem to impact the 33-year-old at all, claiming that it s given him a chance to prepare so that he can give it his best shot. We never had this four-year preparation leading up to the Olympics, it has only been a year to try and scramble, Smith told Red Bull s Road To Tokyo. ....
[Listen] Gordy Ag Market Recap Corn Limit Up Earlier this winter beans were leading the grains higher. All the excitement was in the bean market. Corn was following along slowly working higher. Now the last few weeks all the excitement is in the corn market. Corn has closed higher about 8 days in a row and 2 of those days corn was locked limit higher. There were no deliveries against the May contract and basis levels all across the Midwest are very firm. In many areas the cash bid is actually over futures. The cash corn market sure seems to indicate the USDA may have over estimated corn stocks and the projected corn carryover. Then the second crop of corn in Brazil is in question with hot and dry conditions. The corn was planted much later than normal and that means it is in the reproductive phase during the dry season. Finally our corn crop in the United States is just being planted. There is a lot that can happen between now and this fall. Listen to Gordy talk about the ....
[Listen] Gordy Ag Market Recap Corn and beans Hold It was a very interesting watching the corn and soybean markets last week. For many farmers myself included it was a little frustrating too. There were some pretty big swings in corn and beans, both up and down. But, by the close Friday afternoon they were still in the range they have been in for a number of weeks, beans in the upper end and corn in the lower. Probably the most bearish news was the lowest weekly export sales totals in a long time Thursday morning. On the bullish side was soybean oil rocketing higher pulling soybeans and even corn higher. Soybean oil was moving higher because of the big increase in the demand for biodiesel. Plus, the demand for biodiesel is expected to continue to increase a lot. Blending biodiesel with diesel fuel burns much cleaner and with a lot less carbon dioxide emissions too! ....
[Listen] Gordy USDA WASE Report Unchanged But Bearish? This morning the USDA released the March WASE and Supply Demand Report. Traders were expecting the USDA to leave most of the U.S. balance sheet numbers about unchanged, and that is exactly what the USDA did! That meant that the average corn and bean prices was unchanged too. The world carryover numbers for corn and beans were only about one million metric ton higher which is not even a rounding error. However, I guess because it was not bullish that means it is bearish because shortly after the report corn was about 9 cents lower and beans 5 or 6 cents lower. Both corn and beans were a little lower going into the report. It was surprising the USDA actual increased the Brazil bean crop by about 1 million metric ton. Given all the weather problems Brazil has seen it is hard to understand how that is possible. Click on the link above and listen to Gordy discuss the March USDA WASE and Supply Demand Report. ....