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 

9/19/14

Corn down 7, Beans down 15, Wheat down 14

Crude Oil- 91.72 down .26 

US Dollar- 84.73 up .41

Dow- 17,305 up 39

There is a premium for corn delivered to Carrollton, Hardin, and Norborne by Sunday the 21st. Call the Richmond office and lock in bushels against that price as it is still subject to change.

 

Location Saturday Sunday
Corder 8-7 Noon-7
Carrollton 7:30-7 Noon- 5
Norborne 8-6 10-6
FGT 8-8 Noon-6
Hardin 8-7 Noon-6
Brunswick 7:30-7 Call Elevator

Hours may be extended, it is best to call the elevator.

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

Beans got smacked today closing a penny higher than the low for the day. Funds sold 6,000 lots. It’s the same ole story just a different day, it seems like any week day that ends in “Y” is a reason for the market to dip a little lower, every day the yields are coming in better and better. The weather it clearing up and looks like Mother Nature decided to raise the white flag for a week or so, for the most part next week is supposed to be conducive to crops.

Corn took the heat also, closing the session lower by 7 pennies for a few reasons the first being a stronger dollar, the second being yields, third is the weather, and finally its Friday. There are chances of rain tomorrow but not as significant as we had thought earlier in the week after that its supposed to clear up and be decent out for a while.

Wheat also took the heat this evening with funds seen as sellers of a few thousand. Spring wheat is working on getting finished up, winter wheat is being seeded. Really all things are working together a bit better today, and weather permitting will stay that way for the duration of next week.

Ali




 

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