Archive  
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

 

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 Daily Comments Archive 

7/24/14

Corn down 1, Beans up 7, Wheat down 2

Crude Oil- 102.07 down 1.05    

US Dollar- 80.87 up .05

Dow- 17,093 up 7

Beans were up today and closed the session positive 7 cents off of talk about dryness. The Chinese are looking to get back into the market a little bit but haven’t bought anything. I was on a conference call this morning, we were talking about beans and what some were thinking would come of the bean crop this year and how it was looking in different parts of the nation. We are blessed to have this call once a week with a group that has been put together that resides in several key parts of the Midwest, from today’s call I think that there are parts of the Midwest that really need a drink but then there are parts commenting that rain is what the doctor wrote but if we don’t see that rain right away that we won’t be in complete turmoil either, my take home message today was that most of the nation will be okay for about 7-10 days but after that we may have something to talk about. Beans are made in August and before that the commodity is really just a topic of discussion.

Corn landed the session 1 penny lower on the Chinese making noise about DDG’s with the MIR162 strain in them, so much for that story being over with. Funds sold 4,000 on the day. the conference call this morning really didn’t have a lot discussed in terms of corn, we all know the crop is huge, we all know the potential is there for it to be even bigger than we are already anticipating so with that known we kind of let that dog lay. We did talk a little about what other people are going to do as far as holding this year’s crop and as of right now I think most everyone is in the process of adding a flat and if they didn’t they are wishing they would have. There are parts of the nation that will have a significant amount less than others this year there were parts of Nebraska and Iowa that got rocked with hail at the beginning of the growing season but we will wait to see how that turns out.

Wheat was the ultimate loser today closing the session down 2 pennies. We didn’t talk much at all on wheat today however I read a commentary that had some interesting yields to it. There is apparently a crop tour going on in some of the spring wheat areas a couple of which are northern and western North Dakota they are reporting yields from those areas of 47.3 bpa which comes up against the average of 44.7 bpa. It sounds like the story there is pretty closely related to corn as we are expecting high yielding corn they are expecting high yielding wheat with low protein. Winter wheat presses northward again talk on high yields with some places being spotty but in general it sounds like things there are coming along nicely. 

Have a good one!

Ali




 

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