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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Today's American farmer feeds about 155 people worldwide.  In 1960, that number was 25.8


 Daily Comments Archive 

10/24/14

Corn down 6, Beans down 16, Wheat down 9

Crude Oil- 81.15 down .92

US Dollar- 85.70 down .32

Dow- 16,801 up 120

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 took back some of what they put on yesterday, some resistance was in the market early due to  November options expiring however when that news was over with the market decided it was time to take things back to the negative side.  Brazil saw some rain and that was a bit later than some would have liked it to be but nonetheless its rain so that took some pressure off also. The Chinese have been purchasing their fair share of beans as of late. The weather has been ok, the dew could give it a rest but as long as we aren’t seeing 2 inches of rain here and there we’ll count our blessings. It sounds like Mondays crop progress numbers will show beans maybe 75% harvested maybe a bit more we’ll see.

Corn closed lower by 6 cents on some farmer selling which turned out to be enough to take the market lower. Corn is still standing in the field waiting on farmers to return from bean harvest. Funds were sellers of 6,000 on the day. It sounds like the likely hood that corn harvest being over 45% complete on Monday isn’t going to happen. I talked with some folks in Iowa and the group I talked to there hadn’t even been to the corn field yet I think there’s plenty of corn to be harvested across the Midwest. They did mention to me that the yields there will be more average than a record crop because of the amount of rain they got early in the growing season which brought some hail and heavy wind damage.

Wheat was up due to Russia needing some rain however took to the lower side with corn and beans. Funds were sellers of 2,000 on the day. My big thing with the wheat right now is the availability for wheat to make its way the field. Thankfully the weather has straightened up and is allowing farmers to plant wheat which is relieving most folks of the anxiety that they might not be able to get what needs to be done, done. The tractors are covered in dust from following the combines so closely but nonetheless it’s getting planted. We will see how much has been planted this week on Monday but it sounds like the guess there is nearly 90% planted.

Ali




 

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