Grain
August 20, 2019 Grain Exchange UpdateWelcome to crop tour week! Monday’s tweets confirm the yield potential in corn without a late frost. Please see the chart below for information on frost damage. Corn rating slipped 1% good/excellent to 56%. Pro-farmer is estimating yield in OH at 154.35 bushels per acre vs 3-year average at 158.59. While in South Dakota
August 15, 2019 Grain Exchange UpdateUSDA officially had only bad news for corn fueled by an acreage estimate that left many questions unanswered. While the Farm Service Agency reported 11.2 million acres certified as prevent plant, the crop estimating wing of the bureaucracy said farmers planted 90 million acres, nearly 1 million more than a year ago. With yields of
August 14, 2019 Locally Tailored for the Farmer – Grain Marketing OptionsOne simple equation: Price Grain can be sold at – cost of production = PROFIT The team at Landmark creates each grain marketing plan to be built around the farmer’s goals so that they can be successful. Our cooperative is here to bridge the gap between the farmer and the end market, which isn’t quite
August 8, 2019 Grain Exchange UpdatePositive day for the grain markets today as beans rally following on the coattails of bean oil. Export sales in bean oil were bigger than expected, which has the funds doing some short covering causing the markets to jump. The USDA announced exports of 135,000 tons of new crop soymeal to the Philippines. South Korea
August 6, 2019 Grain Exchange UpdateGrain markets are riding a turbulent wave with weather and Trade War with China the main focus. Ag markets are taking a hit after the Trump Administration announced new tariffs on China. China retaliated by asking its state-owned enterprises to suspend importing U.S. agricultural products. Weather is mixed with stress areas at 25% of Midwest
August 1, 2019 Grain Exchange UpdateIt’s the first day of August, and the markets certainly aren’t celebrating. Markets continue their downward trend today with what has been reported as favorable pollination conditions encouraging the funds to sell off their long positions. Weather forecasts are showing that dry parts of the Midwest should see some rain late next week. Both the
July 30, 2019 Grain News UpdatesHappy Tuesday, I’ve been talking to a lot of you since last Thursday about the MFP payments and found these links which should help with any unanswered questions about the MFP payment rate and other FAQ’s that you may have about MFP. MFP Payment Rates MFP FAQs Seems like one of the most asked questions
July 25, 2019 Grain News UpdatesMarkets are mixed waiting on USDA report on August 12th at 11 am. Markets continue to watch weather and any news with China/US relations. Corn can not decide which way to go with weather continuing to show good growing conditions. Weather concerns are not there with normal temperatures and rain in the forecast during pollination.
July 18, 2019 Grain News UpdatesRain makes grain. Between yesterday afternoon and today, the crops got a much-needed rain fall. Crops are making some positive progress in the field, as corn starts to tassel, beans flower, and wheat turns gold. Corn, beans, and wheat are down for both old crop and new crop. One of the major issues is the
July 16, 2019 Grain News UpdatesThe week did not start out on a high note for grains, losing most of the gains from last week in one day. Grain started the week with a 3% loss on corn and wheat, and 1.25% loss on soybeans. The reason for the decline is weather related with less extreme heat and more moisture