It’s the Most Wonderful Time of the Year

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Harvest Time: most certainly my favorite time of year. In addition to harvest, High School football playoffs are getting started. College football games in late October, and November begins to separate the pretenders from the contenders. You can’t beat a trip to the apple orchard as the apples I buy at the store, just don’t […]

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Is it there? Does it matter?

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Last week the USDA gave us new numbers to chew on. As expected, corn yield was dropped slightly from 175.1 bpa to 174.4 bpa, and soybean yield was increased from 48.9 bpa to 50.6 bpa. 2016 total US corn production was reduced from the August report by 60 mln bushels to 15.093 billion while the […]

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A Look at the Numbers

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Last Friday, the USDA updated their Supply & Demand balance sheet. This report updates old crop carryout, and new crop estimates for production and demand. The number most anticipated was the 2016 yield estimates and total production numbers. It is important to remember that this report provides other information which gives the market direction. Corn: […]

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Time to get back to the basics.

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Over the past three months, July soybean futures have rallied more than $3.00 and new crop November futures have climbed $2.50, July corn futures have moved over 75 cents higher and December futures 65 cents over just the past two months. Grain markets made a similar run late last June into early July, and we […]

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April Was a Good Month

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Corn and soybean markets both made nice moves higher during the month of April. For the month, old crop soybeans advanced $1.35 with the new crop contract adding $1.05. Corn, after taking a major setback following the March 31st prospective planting report, was able to add 55 cents to old crop and 45 cents to […]

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It’s that time of year.

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Let me start by wishing you all a belated Happy Easter, what an unbelievable promise we receive because of the empty tomb. I always look forward to, and enjoy, this time of year as things begin to come alive. Trees start to bud, perineal plants come alive, calving season is in full swing, and days […]

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What do the numbers mean?

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A couple of weeks ago, on February 9th, the USDA updated supply and demand numbers. An increase in corn used for ethanol of 25 mbu was more than offset by a reduction of 50 mbu for exports and a 10 mbu increase in corn imports. Net change resulted in 35 million bushels being added to […]

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What to do now?

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Last week’s WASDE report provided very little change to U.S. Grain Carryout. They bumped up their forecast for corn used for ethanol production by 25 million bushels while cutting exports by 50 million bushels, resulting in a 25 million bushel increase to 15/16 ending stocks. The new ending stocks figure of 1.787 billion bushels was […]

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It’s in the Bin…Now What?

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We have not even reached the middle of November, and harvest, for the most part, is already wrapped up. As I drive around, it is getting harder and harder to find an unharvested cornfield. Some of this crop that has been put away has been sold for future delivery to an identified market. Additional bushels […]

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The much anticipated USDA October Supply

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“You’ve got to be very careful if you don’t know where you are going because you might not get there. The above quote is one of many attributed to the late great Yogi Berra, which had to somehow find a place in this week’s grain blog. The much anticipated USDA October Supply & Demand report […]

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