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)

FREE DP on Soybeans at Norborne, Corder, Slater, Hardin, and Brunswick

  • Other locations to follow soon
  • Producers will be paid off farm prices when grain is sold
  • Subject to available space
  • Program can end at any time

FREE DP on CORN

  • Delivered after June 6, 2014  at Hardin, Brunswick, Corder, and Slater ONLY.
  • NO free DP on Corn at Carrollton
  • No Delay Price or Storage charges through August 31st 2014
  • If not sold by September 1st, charges will start at the standard Ray-Carroll Rates of 3.5 cents/month, with a 7 cent minimum
  • Producer will be paid off farm price when sold
  • Subject to available space
  • Program can end at any time

 

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 

8/28/14

Corn up 6, Beans up 5, Wheat up 9

Crude Oil- 93.86 up .52

US Dollar- 82.49 up .06

Dow- 17,079 down 42

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 talk with us about the bids for the next couple of weeks as they are different.


Beans had a positive day on the board and funds bought 2,000 lots and called it good. Sounds like there was some talk of the Chinese out booking some stuff today. The letters of credit is still a topic of discussion although maybe that waits to come to a head until later. Rains are moving in over the delta this weekend not what they need at the time as they are harvesting some early corn and beans already. I was on a conference call today, the Sudden Death topic was brought up from what I heard unless the sudden death was showing up 4 weeks ago or earlier it isn’t a concern in the market at this time the beans were able to fill a pod before the sudden death took over the plant, yes there will be some damage to yield but not enough damage to put any concern in the market at this time.

Corn also had a good day on the board due to some tension on the Ukrainian front of things. Funds bought about 4,000 on the day. Exports are beginning to show some life. Reports from the fields are coming in and continue to be nothing short of phenomenal there hasent been one yield report under 170bpa keep in mind there are people harvesting that haven’t seen corn do that well ever, there are people in the Delta and far south that consider 120 an okay year, im not saying there isn’t potential to see some harvest issues come up as harvest continues to move north as Iowa has seen an abundance of rain, there are parts of Nebraska that were hammered with hail earlier in the season so until we see how some of that works through the combines we won’t REALLY know how things are doing. The next report is out on the 11th.

Wheat was the winner today closing the session 9 higher; I’ll bet you can’t guess why! Funds bought 4,000 lots on the day. The only news in wheat right now is the run around going on with Russia and the Ukraine. Putin, with all of his intelligence has been preaching their non-involvement for a while now; I read today that on Monday Ukrainian officials released photos of a handful of Russian parachutists who were captured on Ukrainian land. Following their capture the Russian defense group was denying the individuals were Russian (http://time.com/3198068/russian-soldiers-in-ukraine-put-pressure-on-putins-denials/). Anyway I’ll get off of my rant on the issues going on over there, hopefully it will be resolved and there can be some business done on the Black sea side of things.

Ali




 

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