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 

 

9/30/14

Corn down 5, Beans down 10, Wheat down 4

Crude Oil- 91.45 down 3.12 

US Dollar- 85.91 up .32

Dow- 17,042 down 28 

Crop Insurance Update Fall wheat price $5.93. Remember today is the last day to add, change, or cancel wheat coverage.

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.

Beans took to the lower side early in the session, when the report came out with tighter stocks than anticipated. The average guess was 126 million bushel we saw 92 million bushel come out on the report today however with impressive yields, a stronger dollar and harvest just now getting wound up and ready to take off the market had reason to dip lower. I read this afternoon that beans out of Nebraska are coming in with low moisture and yields around the 57bpa area. Not so shabby. The Chinese are on a holiday which is apparently worth celebrating as they are out for a week unless they have a few designated individuals who are keeping the lights on I don’t look for the beans to do a whole lot to the positive side this week.

Corn closed the session a penny off of the lows, down 5 cents on today.   I haven’t heard anything lower than 200bpa on the corn yet, the moisture is FINALLY coming down to a point that farmers are ready to take it to the elevator and not cringe at the discounts paired with corn prices. I read the other day that somewhere in Nebraska they were paying less than $2.00 for corn, OUCH. The report today was estimated to be 1.185 billion bushel and that number was blown away by what actually came out which was 1.236 billion. Corn harvest is only at 12% harvested the corn this year is fantastic it takes longer to make it down the row but also you’re dumping the hopper much more frequently with a crop at 200 bpa than you are at 170 bpa I’ve said it several time, this crop will be a slow, and difficult crop… stay tuned.

Wheat closed 4 lower after the report came out the expected number was 1.880 billion bushel, we saw 1.914 billion bushel paired with a stronger dollar and sympathy with other commodities its recipe for lower movement. I heard about some quality issued with some wheat way up north but really that’s all I dug into it, there has been some small talk about it for a while up to now.

Ali

 




 

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