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Wheat Growers Insights for Field and Farm

Posts In the Grain Category

Marketing Binned Corn and Beans Heading into Spring

Well, winter is past the half way point and Spring is a mere 6 weeks away, what should we be looking at for unsold corn and beans in the bin? How long until load limits are posted? How much corn do we want to potentially move this summer if we haven’t moved anything yet? On the bright
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Crop Conditions and Progress Report

Corn Conditions: The Total US Corn Conditions remain at a 74% Good/Excellent rating this week, up from last year’s 69% rating at this time. Looking across the board: ND,TX,
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Crop Conditions and Progress Report

Corn: This week’s Total US Corn Conditions are down 2% to a 74% Good/Excellent rating. PA, MO, NE, and CO are all down a percent. SD is down 3% while MI and IL are both -4%. OH
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Crop Conditions and Progress Report

Corn Conditions: The Total US Corn Conditions once again remain at a 76% Good/Excellent rating. Looks like there are not as many red numbers this week compared to last week. States
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Crop Conditions and Progress Report

Corn: Although there is a lot of negative numbers across the board, the Total US Corn Good/Excellent ratio still remains at 76%. PA changed the most at down 9% from 71% last week to
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Crop Conditions and Progress Report

Corn: Looking at the corn conditions, they remain at a 76% Good/Excellent rating. Ranging from down 6% in OH to up 4% in IL. SD is down another 4% to 63% G/E along with PA and TX
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Understanding The True Value Of Your Grain

As of this writing winter wheat harvest is in full swing and spring wheat right around the corner. Presently yields appear to above average, with good quality and varying levels of protein content. The increase in production has added to both the domestic and a global glut of wheat, causing
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Crop Conditions and Progress Report

Corn: Total US Corn Conditions improved by a percent to 76% G/E rating. With help from MO and IL both up 4%, they are the biggest movers of this week. SD, KY, and NC are down 1% as well as TN and PA at -2% and TX down the most with a -3% move to a 68% G/E rating on the week. Over all, Corn
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Crop Conditions and Progress Report

Corn: Although Good/Excellent rating remain the same at 75% from this week to last, the Dakotas, MN, WI, and MI are all in the red. Michigan being the biggest mover at -7% change
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Crop Conditions and Progress Report

Corn: Looking at the Corn Conditions from this week to last week in North and South Dakota, they are down 5% and 1% respectively. Although Kansas and Illinois are also down 4 points
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The April Rally - Just what we were wishing/hoping/praying for!!!

The market has rallied and we have made some new crop sales…….now what?


The recent rally in the soybean market has pushed the price to levels most thought were not attainable just weeks ago. The latter half of April provided the market with some cause
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Current Economics of Corn and Beans post-USDA Planting Intentions/Grain stocks

The USDA released its quarterly grain stocks as of March 1st along with its annual planting intentions report on Thursday. The report brought along with it a few surprises, mainly on the planting intentions side. Corn was estimated at 93.6 mln acres, which was 3.6 mln acres higher than the
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January Crop Report Implications

One major component that the market uses to help discover price is USDA estimates or what many refer to as crop reports. USDA estimates many things in the ag sector and releases this data weekly, monthly, quarterly and annually. The reason I bring this up is because as of this writing USDA has
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The Bins Are Full...Now What?

The Harvest has been bountiful and the bins are filling up or are already full. Now that we are venturing into late fall and early winter, do you have a plan for the grain in that bin? Prices have been depressed from what many have become accustomed to prior to the last couple of seasons. This
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Reminder on Soybean Moisture

The calendar says it is the last day of September and we have yet to see a killing frost across virtually all of the Wheat Growers trade area. This is a little unusual for us in the Dakotas, but what is normal anymore? With the absence of frost, our abundant summer moisture, and great crop
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How To Protect Your Late Season Rally

For much of this marketing year news has been nothing but doom and gloom. We appeared to have adequate and even growing stocks both domestically and globally. This weighed substantially on the market as prices slipped to levels we had not seen in quite some time. Since those lows were
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Wheat Growers New Mobile App

Stay up-to-date on the latest markets, weather, and more with the new Wheat Growers mobile app for smartphones and tablets.  This innovative app shows you up-to-the-minute
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Crop Conditions for June 9th

Today marked the second week of Corn conditions and the first glimpse at Soybean and Spring Wheat ratings.

CORN: Nationwide the corn crop is rated at 75% Good/Excellent, down 1% from last week. SD ratings improved 3 percentage points this week at 85% G/E. ND ratings were down 2% to
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2014 Winter Grain Marketing Meetings

Please join us for the 2014 session of Winter Grain Marketing Meetings featuring our special guest, Jeff Hainline from Advance Trading.
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Member Advisory - NGFA

NGFA was recently was notified by a few member companies of isolated incidents where the post-harvest respiration of some new-crop harvested corn appears to be occurring rapidly after unloading; thus, leading to elevated levels of carbon dioxide (CO2) and depleted
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A 5 year look into Northern South Dakota average cash Corn and Soybean prices

Here is a look at the average cash prices for Corn and Soybeans in Northern South Dakota. Interesting to note that it only has paid to carry Corn from harvest to the July timeframe 2 out of the last 5 years. For Soybeans it was worth holding onto beans 3 out of the last 5 years.

As
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DroughtGard Receives Final Approval

MONSANTO’S DROUGHT TOLERANCE TRAIT IN GENUITY® DROUGHTGARD® HYBRIDS RECEIVES FINAL MAJOR IMPORT APPROVAL FROM CHINA
Farmers Now Able to More Broadly Market DroughtGard Hybrids Grain

ST. LOUIS (June 17, 2013) - China, a major importer
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Don't get hung up on basis - cash price is king!

We are experiencing some interesting times again this summer.  Due to the tight domestic stocks in both corn and soybeans we have seen some abnormal basis levels and interesting spreads between different futures months.  Generally, there are two components of cash grain prices, the
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Grain Stocks and Market Reaction

So far April and May have shown considerable amounts of market volatility. This all started with the USDA’s release of their Quarterly Stocks and Planting Intentions Report on March 28th. This is historically a much anticipated report as it gives us a bench mark for grain stocks (as
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Taking Advantage of Market Volatility Around USDA Report Releases

Today's USDA release of the April Supply/Demand report again provided us ample amounts of market volatility just seconds after the first numbers hit the news wires.  What a great opportunity for filling a Working Target Order! 

One thing
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Winter Grain Marketing Meetings

Join us for the Wheat Growers 2013 Winter Grain Marketing Meetings, "Staying Afloat in a Sea of Volatility" featuring Tregg Cronin, CHS Hedging.
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Keeping Grain Quality & Safety a Top Priority into the New Year

Combines are put away, bins are full, and it’s starting to feel like winter out there. As the seasons have changed, we have been seeing some grain going out of condition despite going into the storage bin at very low moisture levels. Don’t forget to monitor the grain you have in
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August 10 USDA Supply/Demand Estimates

Tomorrow morning at 7:30 the USDA will release it's August WASDE (World Agricultural Supply and Demand Estimates) report. 

Will we see them drop their production numbers to levels the market has been trading?  What will they do with projected ethanol grind, feed
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July 30th Crop Condition/Progress Report

Weekly Crop Conditions released this afternoon showed a continued drop in Corn and Soybean conditions - not surprising.  Corn was down 2 percentage points in the Good/Excellent category this week to 24%.  Most notable changes were MN down 5% (rated 56% G/E) and SD down 4%, but one
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July 11th USDA Supply/Demand Recap

The USDA aggressively cut the US Corn yield by 20 bu/ac from their June estimate, now figuring 146 bu/ac.  This drops production by 1.82 billion bushels.  Total usage was lowered by 1.055 billion bushels with ethanol grind lowered by 100 million bushels, exports down 300 million, and
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July 9th Crop Conditions/Progress Summary

Today's Crop Progress/Conditions were released inline with market expectations - lower ratings on continued dry and warm growing conditions.  Corn was down 8% from last week and now rated at just 40% Good/Excellent.  This relates to 69%
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June 25th USDA Crop Conditions/Progress Report

This afternoon's USDA Crop Conditions Report was out and as expected both Corn and Soybean ratings were lower than last week.  Corn was down 7% nationwide now rated at 56% Good/Excellent.  Most notable changes were: Illinois (Down 15%), Indiana (Down 10%), and Missouri (Down
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June 18 Crop Conditions

Today's Crop Conditions were out and were lower as expected by the trade today.  Nationwide corn was down 3% in the Good/Excellent category from last week at 63%.  Most notable declines were in Indiana (down 12%), Ohio (down 11%) and Nebraska (down 8%).  South Dakota was
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June USDA Supply/Demand Report Items

Here are the Average Trade Guesses for some key portions of tomorrow's June USDA S/D report that will be released @ 7:30 am.  Last month's numbers are also referenced in parenthesis.

2011/2012 Ending Stocks
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Expanded Trading Hours for Grains

As of May 20, 2012, the commodity markets trade 21 hours per day beginning in the late afternoon at 5 pm and trade continuously until 2 pm the following afternoon.  We no longer have the anticipation of “Where will the market open at 9:30?” personally I miss that.  
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Target Orders

Friday, February 10, 2012
Shelley Fuerst, Grain Originator
Target Orders are a great way to take advantage of this very volatile market.  By having your order in place, you don’t have the stress of trying to catch what may be a very short lived rally.  These
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Wheat Growers Local Market Recap - for the week ending January 13th, 2012

After what seemed to be an impressive start to the week on Monday, with some more speculator buying based on the Argentina dryness, only ended in heartbreak after the bearish USDA report on Thursday left many traders running from the grain market. At the end of the week Corn was Down 44 cents, Soyb
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Wheat Growers Local Market Recap - for the week ending January 7th, 2012

Funds continued to buy into the Argentina dryness throughout the week again, up until Thursday in which a decent amount of moisture is forecasted to come into the area late Monday through Wednesday. With this news and funds looking to take some profits off of the table the markets started to retrea
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Wheat Growers Local Market Recap - for the week ending December 31st, 2011

It was an excellent way to bring in the New Year as we saw all grain commodities finish the week in the green on continued dryness in Argentina, which has been crippling the crops in the area. Throughout the week there was heavy producer selling, on account of many wanting to take advantage of thes
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Wheat Growers Local Market Recap - for the week ending December 25th, 2011

With all eyes were on South America last week as a lack of rains in Argentina and Brazil have been adding support to the market as these two countries are looking at a reduction in production and we could see a shift of Chinese purchases to the U.S. This week everyone will be continuing to look at
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Wheat Growers Local Market Recap - for the week ending December 17th, 2011

Outside market weakness weighed down commodities early on in the week. However, the market had a small amount of bullish support with drought fears in South America possibly cutting production. In order for this small pop of bullish support to continue, it will depend on whether or not South Ameri
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Wheat Growers Local Market Recap - for the week ending December 3rd, 2011

Outside market strength provided support to commodities early on in the week. However, the market was soon weighed down upon by yet another disappointing export sales report, rumors of a bumper Corn crop in China, and then South America received some much needed rain in their dry areas. By the end
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Wheat Growers Local Market Recap - for the week ending November 18th, 2011

It was a rough week for the grain futures as funds continue to focus on macroeconomic influences to the grain market. We saw the funds sentiment turn increasingly bearish following the disappointing export sales report on Thursday. This was coupled with the continually improving new crop productio
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Wheat Growers Local Market Recap - for the week ending November 11th, 2011

After an underwhelming USDA report was, for the most part, within trade guess estimates; it left traders with a neutral to bearish feeling on the grain market, as the market had factored in current USDA report results at these prices. By the end of the week we saw Corn end 17 cents lower and Winter
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Wheat Growers Local Market Recap - for the week ending November 4th, 2011

After a week of hearing about the continuing EU problems and everyone waiting in anticipation for the November 9th USDA report, the grain futures markets did not do a whole lot. By the end of the week we saw Corn end 1 cent higher and Winter Wheat was 20 cents lower off of the December futures. Wh
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Wheat Growers Local Market Recap - for the week ending October 21st

The grain futures were mixed this week as no real good news has come out to interest much fundamental trading outside of the choppy technical action we have been seeing. By the end of the week, Corn was 9 cents higher and Winter Wheat was 15 cents higher off of the December futures. While Soybeans
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Grain Power Probe

Would you like to know exactly the quality of the grain in your bin is and what that grain is worth?      


Wheat Growers offers a Bin Power Probe Service that will allow you as the producer to know exactly the quality of grain you have in your
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Will Crop Insurance Affect Winter Wheat Acres?

 Winter wheat planting has begun and so far the planting pace is dragging. With a severe drought ravaging through the southern states producers are opting to wait and see if much needed rain develops before putting the seed in the ground.  The question that needs to be asked is,
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How will the market treat Green Beans?

Combines are starting to roll in bean fields around the area.  The frost has brought about the questions about potential discounts due to green, immature beans.

The market treats green beans as regular damage.  At our SDWG locations, green beans will fall under total
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Market Carry

Many of you have probably heard the phrase “carry in the market”. What does this mean and how can I use it in my marketing plan? Carry, in simple terms, means that the market is willing to pay you more for delivery tomorrow than it is for today. Conversely, the term inverse would
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Winter Wheat Protein Averaging

Well after some rainy delays it looks like the winter wheat harvest is back on track in the Dakotas. Have you heard about the new protein-averaging program Wheat Growers is offering? Here are the details: 

Effective July 19, 2011, we will be offering protein averaging for
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