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:

There's been some talk out ther about what Ray-Carroll is going to do this fall with the big crop expected to come in.  Just so we are all on the same page:

  • Ray-Carroll will NOT have dumping charges this fall.
  • Initially we WILL have storage available this fall.  If farmers store the majority of the grain, we might have to start cash/contract only at some point.
  • Ray-Carroll is still contracting grain; again there's been talk that we aren't allowing farmers to contract harvest delivery grain.  This is a FALSE statement; if you want to contract grain we encourage you to call and do so.
  • Storage charges remain unchanged at 4c/bu/month, prorated daily.  HOWEVER, we have eliminated the 2 month minimum and also eliminated the 10 day grace period.

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 Daily Comments Archive 

9/19/14

Corn down 1, Beans down 19, Wheat up 2

Crude Oil- 90.88 down .77  

US Dollar- 84.71 down .02

Dow- 17,185 down 95

Norborne is paying $3.00 for corn delivered by Tuesday night. This price can change at any time. Call Richmond to contract.

Crop Insurance Update Fall wheat price $5.93. Remember September 30th last day to add, change, or cancel wheat coverage.

Beans took it hard today, closing the session lower by 19 pennies. The weather is fixing to be very conducive to finish beans this week as well as next week, as far as I know there isn’t much of a chance of rain for the next 10 days or more. The Chinese are in melt down mode today,  there was apparently an issue with their futures that’s all I know, that’s all they said “there was a meltdown with the Chinese futures today” I can’t say I’m surprised they wouldn’t give more details. There is grain stocks report out on the 30th some people are beginning to get geared up for that.


Corn closed the session lower by a penny today which is better than the alternative, at one point we were lower by 4 cents or more. We were down earlier in the session off of harvest progress but the board came back a bit off of some covering of shorts. I still don’t see any reason for the market to turn around and make a run at a rally, wanna know why? Yields, huge production, and perfect harvest weather those three have a huge impact on what the market will do. We will see crop progress numbers out tonight however the only thing expected to change is harvest progress I read this morning is supposed to be close to 10% completed leaving a lot left to go.


December wheat closed the session higher everything else closed lower. Spring wheat is on its way to the finished stage those guys are really getting with is before corn harvest moves to the far north states they don’t want to be juggling both at the same time. I can’t say I blame them. Winter wheat will be making its way to the fields soon so we’ll be looking forward to that, fingers crossed that the weather will play along and that process will go smoothly.


Ali

 




 

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