Minimum Price Contracts
Category - Grain Commentary
10-16-2014

~~Minimum Price Contracts
......

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2014 January USDA Report
Category - Grain Commentary
01-22-2014

~~The USDA issued their final estimates for the 2013 crop on January 10th along with updated......

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DDGS Prices Make A Sharp Correction
Category - Feed
01-22-2014

~~DDGS prices make a sharp correction due to unapproved GMO varieties.

......

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Re-Owning Corn
Category - Grain Commentary
01-22-2014

~~Re-Owning Corn
......

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Strong Overseas Demand
Category - Feed
08-12-2013

Strong overseas demand keeps DDG prices steady.

......

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June & July 2013 USDA Report
Category - Grain Commentary
08-12-2013

The USDA has released two recent reports of importance to the grain industry. The first one being......

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Do DDG Prices Seem Cheap
Category - Feed
06-11-2013

Do current DDG price seem cheap? At the current price most of you are going to say no, but the......

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2013 May USDA Report
Category - Grain Commentary
06-11-2013

The USDA issued their May updated Supply and Demand / Production summary on May 10th this month.......

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Modified Sales are up
Category - Feed
06-11-2013

Modified feed sales are up; make sure you get your loads scheduled before the cutoff time.

......

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PLANTING DATE 2013
Category - Agronomy
06-11-2013

Published: April 16, 2013

......

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Marketing Plan with Revenue Insurance
Category - Insurance
06-11-2013

Marketing Plan with Revenue Insurance

......

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2013 March USDA Report
Category - Grain Commentary
06-11-2013

The March USDA report held no big surprises, as they left both corn and bean carryout stocks at......

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2013 April USDA Report
Category - Grain Commentary
06-11-2013

Since last months article we have had two major USDA reports for the commodity markets. The first......

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February 2013 USDA Report
Category - Grain Commentary
03-29-2013

The USDA issued their February supply and demand estimates on the 8th and it was pretty much......

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Owning Soybean in an Inverted Market
Category - Grain Commentary
02-14-2013

By:  Clint Boon
......

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January 2013 USDA Final Production Estimates
Category - Grain Commentary
02-14-2013

By:  John Graverson

......

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Managing Downside Risk
Category - Grain Commentary
02-14-2013
......
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 Important Notice(s)

BIG CROP EXPECTED THIS FALL:

CORN IS Now Cash or Contract ONLY at all RC & FGT Locations

  • NO storage or Delay Price will be accepted.
  • Corn MUST be applied to contract or sold across scales.
  • Effective October 21st, 2014; until further notice.

This does NOT apply to soybeans.

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Today's American farmer feeds about 155 people worldwide.  In 1960, that number was 25.8


 Daily Comments Archive 

10/21/14

Corn up 8, Beans up 20, Wheat up 6

Crude Oil- 82.81 up .10

US Dollar- 85.31 up .36

Dow- 16,610 up 211

A couple of things you NEED to know:
1) Corn is now cash or contract only at ALL locations. This includes FGT. No storage or delay price will be accepted. Corn must be applied to contract or sold across the scale. This is effective October 21st and will remain in effect until further notice. THIS DOES NOT APPLY TO BEANS.

2) If you are going to be delivering grain to the elevator and don’t have an account set up PLEASE call the Richmond office before you deliver so that we can have the account set up and ready before hand, this makes the process move along so much more smoothly.

3) Please take time to check your tickets, call the elevator right away if there is something wrong we need to know right away.

Well nobody was expecting a rally in the middle of harvest, but beans beat the odds today closing the session up 20 cents for a couple of reasons; the Chinese were out looking to do some business, funds really got with it on purchases today somewhere close to 10,000 lots. The stock market worked up today also, so take that into consideration. Farmers did let go of some beans but there wasn’t enough farmer selling for the market to feel any resistance Tuesdays have been referred to before as turn-around Tuesday I think there was some of that mentality today I wouldn’t look for it to last long however I think the lows are in I think the market trades sideways until the next big thing which will probably be the next report on the 10th of November.

Corn also kept the positive side of trade and closed the session almost 8 cents higher. Funds were buyers of 8,000 lots on the day. There’s a lot of corn headed to town the weather is finally allowing some real progress to be made just in time for a good rain on Thursday I was talking to a co-worker he mentioned that Accu-Weather is expecting nearly an inch Wednesday night. The nation is a whopping 31% harvested there is still plenty of corn out there. I read today that there are elevators in Illinois that are plugged with corn as their yields have been much better than most I can’t say that I’m surprised at all.

Wheat also had a good day on the board, closing the session up 6 cents really because of what’s going on in other parts of the world apparently there is snow on the crop somewhere, and Brazil mentioned some issues as well, Australia has been expressing some concern over the estimate of what they might have to offer in terms of wheat. Winter wheat came in 76% planted not too far off of the average of 77%. Illinois is 22% planted a far cry from the average of 59% Indiana is 37% seeded the average there is 57%. With any luck the rain will stay away and there will be some good progress on those numbers.

C’mon Royals!!

Ali




 

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