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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Elevators in the Statue of Liberty use a soybean-based hydraulic fluid.

 Daily Comments Archive 

10/30/14

Corn down 1, Beans down 14, Wheat down 2

Crude Oil- 81.01 down 1.16

US Dollar- 86.16 up .17

Dow- 17,195 up 221

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.

Beans pulled back today taking 19 cents off what they’ve put on in the last couple of days. Funds sold 7,000 lots and said that’s enough today. Farmers are working diligently on getting as many beans out of the fields before there is a chance of rain also a good portion of the Midwest saw a freeze overnight. We were talking in the office, today most of us are thinking bean harvest is maybe 50% completed so there is still plenty to be done. We have trains scheduled for this weekend, as well as Monday, hopefully we will see the railroad pull through and deliver those on time. You might also like to know we did roll from the November to the January today. Folks north of here are started on beans and sounds like they’ve been cutting at a decent clip, it sounds like they have elevators full and allocating loads there also.

Corn closed a penny lower on today’s session.  There was rumor around the market today that there could be less corn planted next year so we’ll have to wait and see how that turns out. This corn harvest is slow; way slow unfortunately it’s going to stay that way. The railroad, I guess is trying to work as diligently as possible but for now we’ll just say they’re working at best so for now we will keep our fingers crossed that they can get us the trains we have scheduled. The USDA report is coming up in the next couple of weeks I am anxious to see how that turns out.

Wheat closed the session 2 pennies lower on exports as well as conversation about problems in Australia. Funds didn’t do a whole lot today maybe bought a thousand if that. With chances of rain next week anybody who hasn’t gotten their wheat planted has a fire lit under their rear and is moving just as quickly as possible. Yields in Australia have been a bit under what they would like to have and it sounds like the overall production estimate there is ticking lower and lower.

Ali




 

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