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 

10/29/14

Corn up 6, Beans up 35, Wheat up 8

Crude Oil- 82.25 up .83

US Dollar- 85.97 up .56

Dow- 16,985 down 20

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.

So, the meal issue is still the main reason behind this market working up the way it has been for the past couple of sessions. Funds bought 15,000 lots today and left it at that. The Chinese have been looking for beans it seems they’ve slowed down the pace there a little bit. The meal will continue to be the driver in this market, until someone murmurs that the issue is under control and at that point it’ll be enough to let the weather, and harvest conditions as well as the yields take hold and I have to believe that will pull things back a bit. Weather couldn’t be better if we asked, there aren’t any chances of rain in the immediate future maybe in the next 5 days but for now we have time to get the remaining 15% of beans harvested that are still standing across the states. There is a USDA production report out on November 10th and from the sounds of it the yields have been slowly getting better and better I wouldn’t be surprised if they show bigger production numbers once I see numbers on what people are expecting on that I’ll be sure and share them.

Corn, was up 10 for a couple of reasons, funds were buyers on today’s session, also there was in increase in farmer selling with the market working higher, something to add to today’s movement is the idea that South American production could be 15 million ton lower, and Europe could be 10 million ton lower. Other than that it’s the same story the corn that’s being harvested is fantastic, yields are wonderful, weather continues to be on our side. Like I mentioned there is a report coming up and before we know it we’ll all be waiting to see what that looks like, however I think we all know how that will look; bigger production and so we’ll see what that does to prices. We are paying a premium to our Corder Facility, we’re looking to get the pile finished and covered before there is any chance of rain. The shipment period is through October the 30th, if you have any questions give me a shout!

Wheat closed the session higher by 7 cents and called it good. Funds were buyers on the day of 3,000 lots. There are still plenty of folks waiting to get wheat planted, there’s still some anxiety over the thought that it might not get done but we’re going to keep the positive side here and just bank on the weather staying on our side for a couple more days allowing some of those loose ends to get tied up.

Ali




 

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