US CORN RECAP CME CORN FUTURES CME CORN FUTURES
Rudi SwanepoelTel: 011-787 3666Fax: 011-787 3710rudi@farmwise.co.zawww.farmwise.co.zaMorning Agricultural Market Report17 May 2013US CORN RECAPCME CORN FUTURESCommodityCME CornCME CornCME CornCME CornCME CornCME CornCME CornGoldBrent CrudeRand/DollarCME CORN FUTURES MARKET RECAPOvernightMarketLast643 1/4554 1/2525535 3/4543548 3/4539 1/4Future Main BoardNetMonthCloseChangeJul'13641 1/2-9 1/4Sep'13553 3/4-9 3/4Dec'13524-7 3/4Mar'14534 1/4-8May'14541 3/4-8 1/4Jul'14548 3/4-8 1/4Dec'14539 1/4-6LATEST SPOT PRICES07:141380.75 Rand/Pound 07:1000:00103.8 Rand/Euro 07:1007:139.3463 Dollar/Euro 07:14NetChange1 3/43/411 1/21 1/400Corn export sales were positive for market direction today but failed to provide much of a lift to the futures market as the trade continues tohear reports of active planting across the Corn Belt. Net weekly export sales came in at 219,900 tonnes for the current marketing year and38,600 for the next marketing year for a total of 258,500. Old crop sales were up 90% from week ago levels but down 24% from the 4 yearaverage. As of May 9th, cumulative sales stand at 90% of the USDA forecast vs. a 5 year average of 90%. Sales of 120,000 tonnes are neededeach week to reach the USDA forecast, down from 125,300 tonnes the week prior. A storm system this weekend is expected to shut downplanting for much of the northern Midwest while some areas to the south might be able to make minor progress. Another period of dryweather will move in thereafter. The wheat market traded lower on the day which also helped to pressure the corn market.CME JULY'13 CORN - WEEKLY SNAPSHOT14.223512.02451.2865Weekly QCN32011/03/18 - 2013/06/28 (CHG)PriceUScBshCndl, QCN3, Trade Price2013/05/17, 6321/2, 661, 6321/2, 6431/4SMA, QCN3, Trade Price(Last), 132013/05/17, 6595/8 SMA, QCN3, Trade Price(Last), 212013/05/17, 6753/4 780760740US CORN SUPPLY & DEMAND PROJECTION (M/Bu)MayAprMay(M Acres)USDAUSDAUSDA11-1212-1312-13Planting Acres91.997.297.2Harvested Acres84.087.487.4Yield (Bu / 06806606406206005805605401/8AprInitial Stocks(M/Bu)ProductionImportsTotal 1894759141402514924Feed/ResidualFood/Seed & IndustryEthanolTotal al Usage12527111371113512920Ending StocksStks/Use Ratio9897.9%7576.8%7596.8%200415.5%MayJunQ2 2011JulA ugSepQ3 2011OctNovDecQ4 2011JanFebMarQ1 2012AprMayJunQ2 2012JulAugSepQ3 2012FUNDAMENTAL CHARTSOctNovDecQ4 2012JanFebMarQ1 2013AprMayJunQ2 2013
South African Maize RecapCommoditySAFEX WMAZSAFEX WMAZSAFEX WMAZSAFEX WMAZSAFEX WMAZSAFEX WMAZOptionFuture Main BoardNetVolatilityMonthCloseChange(%)SAFEX WMAZ FUTURES (Previous 5730.50Jul'142005029.50SAFEX YMAZ FUTURES (Previous Close)-R 15SAFEX YMAZMay'132174330.00SAFEX YMAZJul'1321662530.50SAFEX YMAZSep'1321941928.50SAFEX YMAZDec'1322332026.00SAFEX YMAZMar'14220000.00SAFEX YMAZJul'142010027.50RSA MAIZE SUPPLY & DEMAND PROJECTION ('000 tons)-R 15-R 15-R 15Indicative Import and Export Parity Prices - USA No.3 Yellow Corn GulfUS No.3 Corn Import Parity FOR Durban HarbourMonthR/ton (Current 07:00am)R/ton (Previous 12:00pm)Parity Change Up/DownSAFEX Below Durban HarbourJul'1331723193R -211006Sep'1328602891R -31666Dec'13Mar'142776284628012871R -25R -25543646YMAZ Export Parity Randfontein (basis USA Corn)R/ton (Current 07:00am)R/ton (Previous 12:00pm)Parity Change Up/DownSAFEX Below Export ParityJul'1323222343R -21-156Sep'1320132044R -31181-R 15-R 15-R 15-R 15Jul'1429422968R -27932Mar'1419932018R -25207May'1420402065R -25n/aJul'1420832109R -26-73Month-R 15-R 15May'1428962921R -25n/aDec'1319281953R -25305YMAZ FOB Comparison R/ton-R 15Jul'13Sep'13Dec'13Mar'14May'14Jul'14USA Corn FOB, New Orleans, Louisiana262123092222228723332376RSA YMAZ FOB, Durban Harbour248625142553252002330Brazil Port FOB, Corn, weekly prices230721820000Argentina Port FOB, Corn, weekly pricesBlack Sea FOB, Corn, weekly prices234525422277251400000000-R 15Latest SAGIS FiguresWEEKLY PRODUCER DELIVERIES ('000)MAIZE EXPORTS - Progressive 2013/14 SeasonExported fromRSA:WMAZYMAZTotalDestined forAfricaOverseas22 5842 29624 88006 6936 693TotalCommodity1Mar'13 28Feb'1422 584 WMAZ5588 989YMAZ82231 573 Total1 380PARITY GRAPH www.grainsa.co.zaPlusRetentionsLess CECOutstandingCrop1203504706 1555 40711 5625 4774 2359 712
US SOY RECAPOvernightMarketLastCommodityFuture Main BoardNetCloseMonthChangeCME SOYBEAN FUTURESCME SoybeansJul'131427 1/214 3/4 1432 1/4CME SoybeansAug'131354121358 3/4CME SoybeansSep'131271 1/291277 1/2CME SoybeansNov'131217 1/27 3/4 1222 1/4CME SoybeansJan'141224 3/47 1/2 1232CME SoybeansMar'141229 3/46 3/4 1235 3/4CME SOY MEAL FUTURESCME Soy MealJul'13414.904.40415.10CME Soy MealAug'13391.703.80393.00CME Soy MealSep'13366.003.30367.20CME Soy MealOct'13343.602.60345.70CME Soy MealDec'13341.702.20342.10CME Soy MealMar'14345.201.70346.40CME SOYBEAN OIL FUTURESCME Soybean Oil Jul'1349.520.1749.80CME Soybean Oil Aug'1349.300.1749.56CME Soybean Oil Sep'1349.090.1949.33CME Soybean Oil Oct'1348.750.2649.02CME Soybean Oil Dec'1348.540.2848.83CME Soybean Oil Mar'1448.400.2948.47US SOYBEAN SUPPLY & DEMAND PROJECTIONMayAprMay(M Acres)USDAUSDAUSDA11-1212-1312-13Planting Acres7577.277.2Harvested Acres73.876.176.1Yield (Bu / Acre)41.939.639.6CME SOY FUTURES MARKET RECAPNetChange4 3/44 3/464 3/47 1/46The July/November spread recovered from yesterday's dip lower after the April NOPA crush data missed market estimates and traded near 211 at the closing bell. Good meal export sales and strong cash basis levels helped to support. There were unconfirmed reports that theBrazil government may pass port reform legislation tonight that could mean port union workers drag out their work stoppage. It was reportedyesterday afternoon that workers had returned to work in one main port while the other 2 were still on strike. Export sales weredisappointing this morning and provided more evidence to the market that the US export program has all but come to a close as demandshifts to South America. Net weekly export sales for soybeans came in at 15,300 tonnes for the current marketing year and 346,600 for thenext marketing year for a total of 361,900. As of May 9th, cumulative sales stand at 99% of the USDA forecast vs. a 5 year average of 96%.Sales of 15,000 tonnes are needed each week to reach the USDA forecast, nearly unchanged from the week prior. Net meal sales came in at82,800 tonnes for the current marketing year and 109,700 for the next marketing year for a total of 192,500. Old crop sales were up noticeably from last weekCME JUL'13 SOYBEAN - WEEKLY SNAPSHOT0.201.301.202.100.401.20Weekly QSN32011/03/25 - 2013/06/28 (CHG)PriceUScBsh1560Cndl, QSN3, Trade Price2013/05/17, 1394, 1436, 13931/2 , 14313/4SMA, QSN3, Trade Price(Last), 132013/05/17, 14015/8 SMA, QSN3, Trade Price(Last), 212013/05/17, 14025/8 071320129012601230120011701/8AprMayJunQ2 2011JulAugSepQ3 2011OctNovDecQ4 2011JanFebMarQ1 2012AprMayJunQ2 2012JulAugSepQ3 2012FUNDAMENTAL CHARTSMayUSDA13-1477.176.244.5Initial Stocks(M/Bu)ProductionImportsSupply, 0153530CrushingExportsSeed/ResidualUse, 514501203264Ending Stocks169125125265Stks/Use Ratio5.4%4.1%4.1%8.1%OctNovDecQ4 2012JanFebMarQ1 2013AprMayJunQ2 2013
South African Soy and Sunflower RecapOptionCommodityFuture Main BoardNetVolatilityMonthCloseChange(%)SAFEX SUNFLOWER FUTURES (Previous 330.00Sep'13540300.00Dec'135515022.50SAFEX SOYA FUTURES (Previous Close)SAFEX SOYAMay'134660810.00SAFEX SOYAJun'134660770.00SAFEX SOYAJul'1347127619.00SAFEX SOYASep'1347708921.00Latest SAGIS - MONTHLY PRODUCER DELIVERIESPROG. JAN 2013 - DEC 2013 (tons)OutFarmCommodityLess CEC RetentionsDeliveriesstandingSOYA68 543851 00030 000 752 457SUNS107 304554 5000 447 196RSA SOYA AND SUNFLOWER SUPPLY & DEMAND PROJECTIONSAFEX SUNSSAFEX SUNSSAFEX SUNSSAFEX SUNSIndicative Import and Export Parity Prices - USA SOYBEANSUSA SOYBEANS Import Parity FOR Durban 28R/ton (Previous 12:00pm)6181594456685502Parity Change Up/DownR 61R 46R 27R 26SAFEX Below Durban Harbour15301308925683USA SOYBEANS Import Parity - Delivered - Durban to RandfonteinMonthJul'13Aug'13Sep'13Nov'13R/ton (Current 07:00am)6475622359285761R/ton (Previous 12:00pm)6414617759015735Parity Change Up/DownR 61R 46R 27R 26SAFEX Below Randfontein176315411158916SOYBEANS Export Parity Durban HarbourMonthJul'13Aug'13Sep'13Nov'13R/ton (Current 07:00am)5050482045504395R/ton (Previous 12:00pm)4996477845254372Parity Change Up/DownR 55R 42R 25R 23SAFEX Below Export Parity-338138220410PARITY GRAPH www.grainsa.co.zaR 20 R/ton (Current 07:00am)R 20R 20R 20R 30R 30R 30R 30Jan'1455955570R 25790Mar'1456575634R 23n/aJan'1458285803R 251023Mar'1458905867R 23n/aJan'1444544431R 22381Mar'1445074487R 21n/a
US WHEAT RECAPCommodityCME WheatCME WheatCME WheatCME WheatCME WheatCME WheatKCBT WheatKCBT WheatKCBT WheatKCBT WheatKCBT WheatKCBT WheatFuture Main BoardNetMonthCloseChangeCME WHEAT FUTURESJul'13687 3/4-6Sep'13696-6 1/4Dec'13713-5 1/2Mar'14730-5 1/4May'14736 1/4-4 1/2Jul'14738 3/4-4 3/4KCBT WHEAT FUTURESJul'13743 1/2-8 1/4Sep'13751 1/2-7 3/4Dec'13768 1/4-6 3/4Mar'14782-6 3/4May'14786 1/4-6Jul'14785-3 1/2OvernightMarketLastCME WHEAT FUTURES MARKET RECAPNetChange687 3/4696712 3/4729 1/4073700- 1/4- 3/40-1 3/4743 3/4751767 1/20001/4- 1/2- 3/4000Wheat futures traded sharply lower midday but found some short covering support at the close to take both KC and Chicago off the lows ofthe session. Better rainfall forecasts for areas of Europe, the Black Sea, and Australia over the next 3-7 days were all seen as negative factorsfor price. European wheat futures inched lower into the close today as traders are torn between an uncertain weather outlook and a largerworld carryout for the 13/14 marketing year. Old crop export demand is beginning to deteriorate as new crop harvest draws closer and therewas noticeable evidence of this in this morning's export sales report. Net weekly export sales came in at 125,000 tonnes for the currentmarketing year and 415,600 for the next marketing year for a total of 540,600. As of May 9th, cumulative sales stand at 96% of the USDAforecast vs. a 5 year average of 97%. Sales of 318,000 tonnes are needed each week to reach the USDA forecast, that's up from 272,700tonnes the week prior. Old crop sales were down 48% from last week and down 52% from the 4 week average.CME JUL'13 WHEAT - WEEKLY SNAPSHOTWeekly QZWN32010/07/09 - 2013/07/12 (CHG)PriceUScBshCndl, QZWN3, Trade Price2013/05/17, 7031/4, 7183/4, 6811/2, 6873/4SMA , QZWN3, Trade Price(Last), 132013/05/17, 7093/4SMA , QZWN3, Trade Price(Last), 212013/05/17, 735 900880860840US WHEAT SUPPLY & DEMAND PROJECTION (M/Bu)MayAprMay(M Acres)USDAUSDAUSDA11-1212-1312-13Planting Acres54.4055.7055.70Harvested Acres45.7049.0049.00Yield (Bu / .107807607407207006806601/8ASQ3 2010Initial 4322691257312057130Total 4950763609457636095874290Total l .8%Ending StocksStks/Use RatioONDQ4 2010JFMQ1 2011AMJQ2 2011JASQ3 2011ONDQ4 2011JFMQ1 2012AMJQ2 2012FUNDAMENTAL CHARTSJASQ3 2012ONDQ4 2012JFMQ1 2013AMJQ2 2013J
South African Wheat RecapCommoditySAFEX WheatSAFEX WheatSAFEX WheatSAFEX WheatOptionFuture Main BoardNetVolatilityMonthCloseChange(%)SAFEX WHEAT FUTURES (Previous -52-50.0017.5023.5018.00Latest SAGIS WHEAT IMPORTS / EXPORTS ('12/'13)Destined for:Imported from: Total tined for:Exported from: Total 920RSA WHEAT SUPPLY & DEMAND PROJECTIONToday'sOpeningCall-R 30-R 30-R 30-R 30Indicative Import and Export Parity Prices - USA HRW No.2 WheatUSA HRW No.2 Wheat Import Parity FOR Durban 36533742378535483602369437843827-R 42-R 46-R 41-R 42-R 421181343n/an/aImport Parity - Delivered - Durban to 378838863975401837813835392740174060-R 42-R 46-R 41-R 42-R 42244314576n/an/aWheat Export Parity 230523872462249823012346242424992535-R 38-R 41-R 37-R 37-R 3712321169923n/an/aPARITY GRAPH www.grainsa.co.zaR/ton (Current 07:00am)R/ton (Previous 12:00pm)Parity Change Up/DownSAFEX Below Durban HarbourUSA HRW No.2 WheatR/ton (Current 07:00am)R/ton (Previous 12:00pm)Parity Change Up/DownSAFEX Below RandfonteinR/ton (Current 07:00am)R/ton (Previous 12:00pm)Parity Change Up/DownSAFEX Below Export ParityJul'1438123835-R 23n/aJul'1440454068-R 23n/aJul'1425192540-R 21n/a
Weather Forecasts : Africa2 Weekly Precipitation ForecastIRI Seasonal Climate ForecastsDaily Precipitation Forecast -18-May-13Daily Precipitation Forecast -19-May-13Daily Precipitation Forecast -20-May-13
Weather Forecasts : North America2 Weekly Precipitation ForecastWeekly PrecipitationSoil Moisture OutlookPalmer Drought Index
TECHNICAL GRAPH OUTLOOKSAFEX JULY'13 WMAZ - DAILYRSI, QMAWN3, Trade Price(Last), 14, Exponential2013/05/16, 55.086ValueZART.123Cndl, QMAWN3, Trade Price2013/05/16, 2 162.00, 2 183.00, 2 145.00, 2 176.00, N/A, N/A2MA, QMAWN3, Trade Price(Last), 13, 21, Simple2013/05/16, 2 162.92, 2 154.33PriceZART2 4002 3502 3002 2502 2002 1502 1002 0502 0001 9501 9001 850.12StochS, QMAWN3, Trade Price, 13, 3, Simple, 32013/05/16, 56.175, 47.892StochS, QMAWN3, Trade Price, 13, 5, Simple, 52013/05/16, 47.486, 39.07222 29Oct 120512 19 26November 20120310 18 24 31 07 14 21 28December 2012January 2013ValueZART.1230411 18 25February 20130411 18 25 02 08 15 22March 2013April 201329 0613 20May 201327
TECHNICAL GRAPH OUTLOOKSAFEX JULY'13 YMAZ - DAILYRSI, QMAYN3, Trade Price(Last), 14, Exponential2013/05/16, 56.381ValueZART.123Cndl, QMAYN3, Trade Price2013/05/16, 2 123.00, 2 172.00, 2 119.00, 2 166.00, N/A, N/A2MA, QMAWN3, Trade Price(Last), 13, 21, Simple2013/05/16, 2 162.92, 2 154.33PriceZART2 3502 3002 2502 2002 1502 1002 0502 0001 9501 900.12StochS, QMAYN3, Trade Price, 13, 3, Simple, 32013/05/16, 57.644, 48.567StochS, QMAYN3, Trade Price, 13, 5, Simple, 52013/05/16, 48.909, 42.155ValueZART.123290512 19 26November 20120310 18 24 31 07 14 21 28December 2012January 20130411 18 25February 20130411 18 25March 201302 0815 22April 2013290613 20May 201327
TECHNICAL GRAPH OUTLOOKSAFEX JULY'13 WMAZ vs. CORN JULY'13 (Corn Split) - DailyMACD, Spread(QCORN3, QMAWN3), 13, 21, 5, Exponential2013/05/16, 6.51, 1.47ValueZART-20-40.12Spread, QCORN3, Trade Price(Last), QMAWN3, Trade Price(Last), 1.0, 1.02013/05/16, 228.002MA, Spread(QCORN3, QMAWN3), 5, 13, Simple2013/05/16, 202.20, 0.12RSI, Spread(QCORN3, QMAWN3), 14, Exponential2013/05/16, 79.72227 03 10 17 25 01 08 15 22 29 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 22 29 06 13 20 27Sep 12Oct 12Nov 12Dec 12Jan 13Feb 13Mar 13Apr 13May 13ValueZART.123
TECHNICAL GRAPH OUTLOOKCME JULY'13 CORN - DAILYRSI, QCN3, Trade Price(Last), 14, Exponential2013/05/17, 48.826ValueUScBsh.123Cndl, QCN3, Trade Price2013/05/17, 6413/ 4, 6441/ 2, 6411/ 2, 6431/ 4, 13/ 4, ( 0.27%)2MA, QCN3, Trade Price(Last), 13, 21, Simple2013/05/17, 6463/ 4 , 6401/ 2 StochS, QCN3, Trade Price, 13, 3, Simple, 32013/05/17, 46.492, 55.900StochS, QCN3, Trade Price, 13, 5, Simple, 52013/05/17, 56.182, 57.494ValueUScBsh.12322 29Oct 120512 19 26Nov 12031017 24 31 07Dec 1214 22 28Jan 130411 19 25Feb 130411 18 25 01Mar 130815 22Apr 13290613 20May 1328
TECHNICAL GRAPH OUTLOOKSAFEX JUL'13 WHEAT - DAILYRSI, QWEAN3, Trade Price(Last), 14, Exponential2013/05/16, 58.443ValueZART.123Cndl, QWEAN3, Trade Price2013/05/16, 3 480.00, 3 504.00, 3 480.00, 3 495.00, N/A, N/A2MA, QWEAN3, Trade Price(Last), 13, 21, Simple2013/05/16, 3 476.00, 3 463.76PriceZART3 7503 7003 6503 6003 5503 5003 4503 4003 350.12StochS, QWEAN3, Trade Price, 13, 3, Simple, 32013/05/16, 67.668, 66.080StochS, QWEAN3, Trade Price, 13, 5, Simple, 52013/05/16, 65.140, 56.980ValueZART.123031018 24 31December 201207142128January 201304111825February 2013041118 25March 201302081522April 201329061320May 2013
TECHNICAL GRAPH OUTLOOKCME JUL'13 WHEAT - DAILYRSI, QZWN3, Trade Price(Last), 14, Exponential2013/05/17, 35.896ValueUScBsh4020.123Cndl, QZWN3, Trade Price2013/05/17, 6881/ 4, 6883/ 4, 6861/ 2, 6873/ 4, N/A, N/A2MA, QZWN3, Trade Price(Last), 13, 21, Simple2013/05/17, 7081/ 8 , 7071/ 8 PriceUScBsh8408208007807607407207006801/8StochS, QZWN3, Trade Price, 13, 3, Simple, 32013/05/17, 8.606, 19.411StochS, QZWN3, Trade Price, 13, 5, Simple, 52013/05/17, 22.611, 36.228ValueUScBsh.12315 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28October 2012 November 2012December 2012January 20130411 19 25February 20130411 18 25 01March 20130815 22April 2013290613 20 28May 2013
TECHNICAL GRAPH OUTLOOKSAFEX JUL'13 SUNFLOWER - DAILYRSI, QSUFN3, Trade Price(Last), 14, Exponential2013/05/16, 50.084ValueZART.123Cndl, QSUFN3, Trade Price2013/05/16, 5 295.00, 5 313.00, 5 282.00, 5 309.00, N/A, N/A2MA, QSUFN3, Trade Price(Last), 13, 21, Simple2013/05/16, 5 308.00, 5 305.10PriceZART5 5005 4005 3005 2005 1005 0004 9004 8004 700.12StochS, QSUFN3, Trade Price, 13, 3, Simple, 32013/05/16, 51.818, 49.293StochS, QSUFN3, Trade Price, 13, 5, Simple, 52013/05/16, 51.091, 46.193ValueZART.123031018 24 31December 201207142128January 201304111825February 2013041118 25March 201302081522April 201329061320May 2013
TECHNICAL GRAPH OUTLOOKSAFEX JUL'13 SOYA - DAILYRSI, QMSOYN3, Trade Price(Last), 14, Exponential2013/05/16, 62.552ValueZART.123Cndl, QMSOYN3, Trade Price2013/05/16, 4 620.00, 4 718.00, 4 610.00, 4 712.00, N/A, N/A2MA, QMSOYN3, Trade Price(Last), 13, 21, Simple2013/05/16, 4 638.77, 4 672.62PriceZART4 8504 8004 7504 7004 6504 6004 5504 5004 4504 4004 350.12StochS, QMSOYN3, Trade Price, 13, 3, Simple, 32013/05/16, 50.327, 33.917StochS, QMSOYN3, Trade Price, 13, 5, Simple, 52013/05/16, 35.952, 19.853ValueZART.12331071421January 201328041118February 201325041118March 20132502081522April 2013290613May 201320
TECHNICAL GRAPH OUTLOOKCME JUL'13 SOY - DAILYRSI, QSN3, Trade Price(Last), 14, Exponential2013/05/17, 68.960ValueUScBsh.123Cndl, QSN3, Trade Price2013/05/17, 14271/ 2, 1436, 14261/ 2, 14311/ 2, 4, ( 0.28%)2MA, QSN3, Trade Price(Last), 13, 21, Simple2013/05/17, 1399 , 13903/ 8 0136013401/8StochS, QSN3, Trade Price, 13, 3, Simple, 32013/05/17, 88.791, 86.044StochS, QSN3, Trade Price, 13, 5, Simple, 52013/05/17, 88.427, 80.428ValueUScBsh.12304 10 17 24 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 29 06 13 20 28Sep 12Oct 12Nov 12Dec 12Jan 13Feb 13Mar 13Apr 13May 13
TECHNICAL GRAPH OUTLOOKCME JUL'13 SOYMEAL - DAILYRSI, QSMN3, Trade Price(Last), 14, Exponential2013/05/17, 60.790ValueUSDSTn.123Cndl, QSMN3, Trade Price2013/05/17, 414.9, 417.4, 414.6, 415.1, 0.2, ( 0.05%)2MA, QSMN3, Trade Price(Last), 13, 21, Simple2013/05/17, 409.0, 95390.1StochS, QSMN3, Trade Price, 13, 3, Simple, 32013/05/17, 63.041, 59.122StochS, QSMN3, Trade Price, 13, 5, Simple, 52013/05/17, 64.087, 60.473ValueUSDSTn.12304 10 17 24 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 29 06 13 20 28Sep 12Oct 12Nov 12Dec 12Jan 13Feb 13Mar 13Apr 13May 13
TECHNICAL GRAPH OUTLOOKZAR / USD - DAILYRSI, QZAR , Bid(Last), 14, Exponential2013/05/17, 80.665Value/USD.123Cndl, QZAR , Bid2013/05/17, 9.3145, 9.3579, 9.2550, 9.3533, 0.0393, ( 0.42%)2MA, QZAR , Bid(Last), 13, 21, Simple2013/05/17, 9.0716, ochS, QZAR , Bid,2013/05/17, 85.687,StochS, QZAR , Bid,2013/05/17, 84.851,13, 3, Simple, 383.05713, 5, Simple, 566.168Value/USD.12312192603November 2012101724December 20123107142128January 201304111825February 201304111825March 201301081522April 201329061320May 201327USD / EUR - DAILYRSI, QEUR , Bid(Last), 14, Exponential2013/05/17, 26.990ValueUSD.123Cndl, QEUR , Bid2013/05/17, 1. 2880, 1. 2889, 1.2853, 1. 2864, -0. 0017, (-0. 13%)2MA, QEUR , Bid(Last), 13, 21, Simple2013/05/17, 1. 3016, 1. 61.251.24.1234StochS, QEUR , Bid, 13, 3, Simple, 32013/05/17, 8. 750, 8. 163StochS, QEUR , Bid, 13, 5, Simple, 52013/05/17, 8. 100, 18. 89712192603November 2012101724December 2012ValueUSD30.1233107142128January 201304111825February 201304111825March 201301081522April 201329061320May 201327
TECHNICAL GRAPH OUTLOOKICE BRENT CRUDE - DAILYRSI, QLCOc1, Trade Price(Last), 14, Exponential2013/05/17, 50.530ValueUSDBbl.123Cndl, QLCOc1, Trade Price2013/05/17, 103.87, 103.87, 103.48, 103.48, -0.27, (-0.26%)2MA, QLCOc1, Trade Price(Last), 13, 21, Simple2013/05/17, 103.53, hS, QLCOc1, Trade Price, 13, 3, Simple, 32013/05/17, 68.152, 63.912StochS, QLCOc1, Trade Price, 13, 5, Simple, 52013/05/17, 62.897, 66.713ValueUSDBbl.1232603Nov 12101724December 20123107142128January 201304111825February 201304111825March 201301081522April 201329061320May 201327F-wise Capital (Pty) Ltd is a member of the Johannesburg Securities Exchange, and a wholly owned subsidiary of Farmwise Grains(Pty)Ltd Some text, images and any othermaterial contained or displayed are proprietary to F-wise Capital (Pty) Ltd or Farmwise Grains(Pty)Ltd and constitutes valuable intellectual property intended for subscribers toservices offered by F-wise Capital(Pty)Ltd or Farmwise Grains (Pty) Ltd. Any information provided in this report is for interest and educational purposes only, and does notconstitute advice. F-wise Capital (Pty)Ltd or Farmwise Grains (Pty) Ltd will not be responsible for losses incurred as a result of the opinions expressed in this report. Since onedeals in probabilities in market forecasting, the accuracy cannot be guaranteed. There is a risk of monetary loss in trading and/or investing on the financial markets. F-wiseCapital (Pty) or Farmwise Grains (Pty)Ltd does not warrant the integrity of this communication or that it is free of errors, viruses, interception or interference. For moreinformation about Farmwise Grains(Pty)Ltd or F-wise Capital(Pty)Ltd, visit our website at http://www.farmwise.co.za
1543 800 750 1300 12527 11137 11135 12920 989 757 759 2004 7.9% 6.8% 6.8% 15.5% Harvested Acres (M Acres) Feed/Residual Total Supply Planting Acres Yield (Bu / Acre) FUNDAMENTAL CHARTS Net Change Corn export sales were positive for market direction today but failed to provide much
Air Force CME Director: Accredited CME provider by the Accreditation Council on Continuing Medical Education. The Air Force CME Office administers the CME Program and is the proponent for CME policies and procedures. Has responsibility for maintaining the accreditation and functionality of the CME website. When the CME Director leaves the position,
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HHMI Biointeractive: Popped Secret: The Mysterious Origin of Corn Video with Activity and Other Resources How Stuff Works: Corn Video Section 2: Types of Corn Corn Types Quizlet Corn Types Card Sort Corn Types KERNEL Card Game Section 3: Corn Growth and De
Passed PANCE/PANRE Passed PANCE/PANRE CME 1 and CME 2 Year 1-2 Year 3-4 Year 5-6 Year 7-8 Year 9-10 CME 1 50 credits 50 credits 50 credits 50 credits 50 credits CME 2 50 credits 50 credits 50 credits 50 credits 50 credits How to Maximize Credit SA 1.5X PI 2X SA 1.5X PI 2X SA 1.5X PI 2X SA 1.5X PI 2X SA 1.5X PI 2X
RSACP CME MUMBAI : Dr Chandrakant Patel Sep/Oct 2018 RSACP CME ODISHA : Dr Rekha Das Oct 2018 RSACP CME MUMBAI : Dr Indrani H. Kumar Dec 2018 RSACP CME PUDUCHERRY: Dr Vijayalakshmi Oct 2018 - Feb 2019 IT WAS APPROVED UNANIMOUSLY BY THE HOUSE THAT FINANCIAL AID OF 20,000 INR SHALL BE GIVEN BY THE SOCIETY FOR ORGANIZING CME /
Metabolism - An Update 501 CME 3 (16:15-17:45) Inflammation & Infection Committee The Battle Continues - WBC Scan vs FDG PET/CT 1101 CME 7 (15:05-16:35) Physics Dosimetry Committee Developments and Challenges in Theranostics 1601 CME 11 (15:05-16:35) Bone & Joint Committee New Concepts for Imaging and Therapy of Bone Metastases 601 CME 4 (18 .
License Renewal & CME 64 of 69 state/territory jurisdictions require CME Little specificity regarding relevance to practice - 14 boards (in 12 states) require some link of CME to practice area Requirements vary across jurisdictions - Number of required CME hours (20-50/year) - 24 jurisdictions (in 18 states ) have content-specific
of branched rough paths introduced in (J. Differential Equations 248 (2010) 693–721). We first show that branched rough paths can equivalently be defined as γ-Hölder continuous paths in some Lie group, akin to geometric rough paths. We then show that every branched rough path can be encoded in a geometric rough path. More precisely, for every branched rough path Xlying above apathX .
