Posted in Blog, Grain
Another warm sunny stretch has planting progress moving forward. Seed getting into the ground has caused the markets to back up just a bit. However, there is still the opportunity to capture $4 corn for fall 2019.
The crop progress report was released yesterday 6-3-19. US corn planting is up to 67% planted which is up 9% from the previous week. The percent planting is typically 96% as this time over 5 years. Wisconsin still has a higher percent planted than Illinois and Indiana. USDA states that 46% of the corn is emerged. With the weather we should look for that number to continue to rise. Soybeans also gained acres from the previous week as 39% of the beans are planted in the US. Wheat is still looking good across the US, but weather has had bearing on the condition. So much grain can be planted in the nice days we have been seeing. A “weather scare” won’t last forever especially with the extended forecast finally reflecting summer.
Corn and wheat are down a smidge from the previous week but are still well above the lows we saw this winter. Beans are still holding a decent number and it seems like anything over $8 gets farmers excited these days. There could be only a small window on these beans as corn seed is exchanged for bean seed. The market could turn at any point and it would be a shame to miss out on over $4 corn and $8 beans for fall 2019. Check out Landmark’s Cash Bids at www.landmark.coop/cash-bids to get your local price.
There are always opportunities to help capture the market. Now is the time to work with your grain marketing specialist to see all the options Landmark has for you. As always, stay safe!
Posted in Blog, Grain
Corn and soybean markets are trading neutral to slightly firmer on this rainy Tuesday morning. Yesterday’s crop progress report showed few surprises. The USDA says corn is 15% planted while trade estimated 14% and we were at just 6% last week. We are dragging behind the five-year average of 27%. Soybeans are said to be 3% planted vs. 1% last week and a five-year average of 6%. US Winter wheat conditions are said to be 64% good/excellent compared to 62% last week.
Weather has not been very conducive to getting spring fieldwork and planting complete. The Midwest is set to see a rain system move in today and tomorrow, covering a chunk of the corn belt. It should dry up by the weekend, but the forecast shows another system moving in late Monday. Below average temps aren’t helping to dry up the moisture, but it’s expected to warm up this weekend.
The local farmer is holding tight to their old crop corn supply as they hope that some sort of bounce happens in the next month or two. Corn basis has stayed firm, but that still leaves the farmer less than excited about the flat price. Old crop bean carryout is still weighing on markets, and with a wet spring, it’s likely that late acres will switch to beans.
While it certainly has not been an exciting start to 2019 when it comes to marketing, now is the time to take a look at your marketing plan and make some updates to your target orders and sales goals. Remember to continue to be proactive in marketing, so opportunities don’t slip away from you.
As always, give us a call if we can help!
Posted in Blog, Grain
There are a few news articles to catch up on today-
The new Farm Bill is finally getting presented to the House and Senate today. Hopefully there should be some resolution as it is processed as early as next week. What will this do for grain? It is said to have improvements to the major commodity programs. It also looks like there will be more incentives for conservation programs.
WASDE report comes out today at 11:00am. We will have better numbers as to what will happen in South America as they come into harvest with the drought that they have been faced with. South America should be on your watch list. As you know, they have been very competitive in the bean market and have been helping China out in their time of need. Between the WASDE report and Trump’s morning Tweet of:
Donald J. TrumpVerified account @realDonaldTrump
Very productive conversations going on with China! Watch for some important announcements!
You could see some movement in the grain market. Call your grain originator to get an open offer in if you feel the market will reach your target price for old or new crop.
Final comment for the day, Landmark has come out with a Bushel Tracker spreadsheet where you can see fertilizer cost and grain price to create your profit. For more information call any of the other grain originators or myself to discuss how that can work for you!
Posted in Animal Nutrition, Blog
At Landmark, we make sure the customers are getting the best corn grain around. Landmark’s Grain Division helps do this by taking the quality of all ingredients that are used in manufacturing feed in our mills very seriously. All ingredients must meet certain specifications and quality measures before they can be received into our manufacturing facilities. This includes all of the locally grown corn that is used in the production process.
The USDA has a standard grading scale for all corn that includes test weight, damaged kernels, broken corn and foreign material. We test every load of corn that goes into our mills for these traits as well as check for any other visual issues with the corn. We utilize #2 Yellow Corn or better in our mills. We also make sure that the moisture content of the corn is suitable for the use so that the feed flows well and has a lengthy shelf life. We also check for any odors that might be present to be sure the grain has a sweet fresh smell.
We store grain at our facilities in anticipation for it being used in the mill as well as receive directly from the farm. Some of the storage bins are directly connected to the mill and all the grain is tested before being put in the bin.
We also test for toxins that may be present in the corn to make sure they are below the approved thresholds for corn. Usually in Wisconsin we are in good shape as our climate and growing conditions generally limit the development of toxins in corn. Unfortunately, it can show up occasionally, so we have official testing equipment and trained staff that look and test for these regularly. We want to be 100% certain that all the grain is of great quality and is manufactured under the best practices to provide maximum performance for your animals.
Article By: Emily Sendelbach, Animal Nutrition Customer Solutions Specialist