Grain Exchange 3-19-20

Grain exchange update with Melissa Schmidt

Happy Thursday!  Currently markets are making a recovery.  Make sure to stick with your market plans and talk with us if you need cash flow.  We can still provide solutions for you during this time.

Exports are helping the market.  See table below for numbers:

With March 31st coming soon, we are starting to see estimates as to acres and what is going to get planted.  Commodity brokerage Allendale Inc. estimated 2020 U.S. corn acreage at 94.6 million, with soybeans at 83.7 million, according to an annual survey; that would be above the USDA’s 94.0 million ac for corn, but below 85.0 million acres for soybeans. All-wheat acreage came in at 44.5 million acres, vs the 45.0 million USDA.

If you have not figured out your cost of production, with wet weather would be a great time to sit down and do that.  This year is very important to know where and when you need to sell.  Please call grain origination team to plan.  Stay positive, it is spring!