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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Source: www.farmersfeedus.org


 Daily Comments Archive 

~~9/2/14

Corn down 1, Beans up 8, Wheat down 9

Crude Oil- 92.20 down 2.82

US Dollar- 82.98 up .23

 

Dow- 17,045 down 52

Bids are different for this week’s delivery in comparison to next week; if you are in the fields and planning on taking anything to town please call and talk with us about the bids for the next couple of weeks as they are different

Well it feels like a Monday! It’s a new month, I hope you all had a great weekend of relaxation before harvest hits and were all spinning our wheels.

Beans had a good day today, closing the session up 8 with funds seen purchasing 4K on the day. The demand for meal is there thus keeping the resistance in the market. The Chinese are still playing with the idea of some purchases farther out but haven’t done much to speak of at this point. Beans do a lot of maturing in August and as we moved out of August there isn’t really anything that happened weather wise that was a threat to beans. The pods filled nicely and really the rains were very timely. The only issue I have been hearing is the Sudden Death and I have heard once about stem rot. The Sudden Death set on late enough that yes it will take some of the yield off but generally it doesn’t sound like that will be catastrophic to yields.

Corn struggled today, closing the session down a penny apparently based on good weather to finish things up paired with improving yields coming from the fields. Funds were sellers of maybe a thousand on the day. The crop condition report will be out this evening I believe, the thoughts there are that corn will stay unchanged which leaves a very large portion of the crop rated darn near perfect, none of us can really deny that at this point can we?

Wheat, closed the session down 9 pennies on some chart selling. Funds were sellers of 4,000 lots on the day and called it good. I mentioned it earlier; the crop condition report is out this evening spring wheat harvest is coming right along it sounds like that will be ahead of the average.

Ali




 

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