Grain Exchange – 10/14/2020

Grain exchange update with Melissa Schmidt

What a different harvest season! 61% of soybean harvest is done compared to 42% on the 5-year average. Last week beans were only 38% harvested. Corn harvest is 41% compared to 25% least week and only 32% on 5-year average.

Corn is seeing some pressure on the market since we are well under way. The forecast will keep the harvest moving along.  Beans are recovering from their whip lash on Monday. Beans are seeing support from bean meal and the weather staying a bit dry in Brazil. Wheat is also seeing some pressure from planting which is well ahead of pace, and weather maps have areas that need rain getting some in the next ten days.

Please make sure to have offers working for now grain. Also don’t forget about your bin corn or beans in the Spring 2021. We have plenty of options at Landmark. Make sure to call your grain marketing specialist.

Remember Landmark’s harvest hours are in full swing at ALL GRAIN LOCATIONS.

  • Mon-Sat 7:30 AM – 7:30 PM    
  • Sun 10:00 Am – 6:00 PM

Below are the links to Landmark’s Discount Schedules.

Landmark’s Cash Bid Link

Stay safe and harvest on!