Your Cooperative Blog
Wheat Growers Insights for Field and Farm

Posts tagged with "Grain Marketing"

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
[MORE]

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,
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

Weekly Market Outlook

Check out this week's Market Outlook video from Advance Trading.  An 8 minute look into South American conditions and production, export changes and most importantly......weather.


[MORE]

Weekly Market Outlook

Check out this week's Market Outlook video from Advance Trading. Now that the calendar is quickly nearing the end of Jan, Brian delves into the export situation for both corn and soybeans and also digs a little
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

Weekly Market Outlook

Click on the link for this week's Market Outlook Video from Advance Trading.  Focus is on planting progress and conditions as we transition into June.


[MORE]

Weekly Market Outlook

Check out this week's Market Video from Advance Trading.  Planting progress and implications......and a touch on S American production.


[MORE]

Weekly Market Outlook

Check out this week's Market Outlook video.  Coverage on yesterday's USDA Supply/Demand report.


[MORE]

Weekly Market Outlook

Check out this week's Market Outlook Video from Advance Trading......We are nearing the end of January and South American soybean production is in it's most critical crop stage.  As well as a US Exports
[MORE]

Weekly Market Outlook

This week’s Market Outlook Video from Advance Trading…….fresh off the Jan USDA reports. Also looking at SAM weather update, export trends, and how outside markets may affect US producers going
[MORE]

Weekly Market Outlook

Check out the first Market Outlook video of 2015 from Advance Trading! Touching on growing conditions in South America and how to manage through the potential weather driven market volatility. Finishing up with a
[MORE]

Weekly Market Outlook

Check out the final Market Outlook video for 2014….. Featuring an in-depth South American discussion as they enter critical points in their growing season. Wishing you the best in 2015!


[MORE]

Weekly Market Outlook

This week’s Market Outlook video from Advance Trading.  A little more indepth look into what is going on with Brazil's soybean crop and potential for their double crop of corn.  We wish you and
[MORE]

Weekly Market Outlook

Check out this week's Market Outlook clip  from Advance Trading......we are taking a look at trade expectations of the USDA December WASDE Report that is due out at 11 am today as well as other fundamental
[MORE]

Weekly Market Outlook

Do you have 8 minutes to take a look at this week's Market Outlook video from Advance Trading?  An in-depth rundown of all the ins and outs of fundamental factors affecting grain price action......

As always, call your nearest
[MORE]

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
[MORE]

Winter Grain Marketing Meetings

Winter Marketing Meetings start tomorrow and finish up on Thursday.  Have you RSVP'd?  I have attached the schedule of times and places.  This year we will be featuring Jeff Hainline from Advance Trading to share his insights on grain outlook.

[MORE]

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.
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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.
[MORE]

Morning Market Insight

 

January 23rd, 2013
By: Lynn Miller – Grain Originator, Grebner

CORN:  7:55  March  -1 : New Crop -1/2

REMARKS:

Corn values torn for the day yesterday between lower wheat and significantly higher bean
[MORE]

Morning Market Insight

 

January 22nd, 2013
By: Lynn Miller – Grain Originator, Grebner

CORN:  7:55  March  +5 ¼  : New Crop +2 ¾


[MORE]

Morning Market Insight

 

January 21st, 2013
By: Lynn Miller – Grain Originator, Grebner

Just a reminder, the markets are re-opening at 7:00 tonight.   A quick look at the early opening calls.

CORN:  2 – 3 Higher

SOYBEANS:
[MORE]

Morning Market Insight

 

January 21st, 2013
By: Lynn Miller – Grain Originator, Grebner

 

Markets are closed today in honor of Martin Luther King Jr. Day.  Re-opening tonight at 7:00 pm.

Winter Marketing meetings will be coming to an
[MORE]

Morning Market Insight

 

January 17th, 2013
By: Lynn Miller – Grain Originator, Grebner

CORN:  7:55  March +3/4 : New Crop -1/2

REMARKS:

Poor ethanol numbers yesterday had corn on the defensive from the start of open outcry. 
[MORE]

Morning Market Insight

 

December 19th, 2012
By: Lynn Miller – Grain Originator, Grebner

As I write this morning, the dollar trades at a two-month low, now down 317 points while crude is trading $0.64 higher.  This should be supportive for the grain
[MORE]

Morning Market Insight

 

December 18th, 2012
By: Lynn Miller – Grain Originator, Grebner

Just the talk of good rain chance pressured us lower yesterday.  The national weather service is watching two systems that could each be bringing rain to the parched
[MORE]

Morning Market Insight

 

December 17th, 2012
By: Lynn Miller – Grain Originator, Grebner

A headline this weekend read:  “Crop Insurance potential target in Fiscal Cliff Deal”.  We knew the fiscal cliff talks were going to affect the outside
[MORE]

Morning Market Insight

 
November 9th, 2012
By: Lynn Miller – Grain Originator, Grebner


Many have been talking this past week about the significance of today’s USDA Report.  They feel this report will set the tone for commodities through year-end with no real
[MORE]

Morning Market Insight

November 8th, 2012
By: Lynn Miller – Grain Originator, Grebner


Grains held their own nicely yesterday in the grand scheme of things with the DOW down 300 points and crude down $4 per barrel at one point.  I guess the economic sector voiced their opinion
[MORE]

Morning Market Insight

November 7th, 2012
By: Lynn Miller – Grain Originator, Grebner


Well the votes are tallied and it appears we’ll have another four years with Barrack Obama.  Fund action, or should I say reaction, appears to be fairly quiet in the wake of the
[MORE]

Morning Market Insight

November 6th, 2012
By: Lynn Miller – Grain Originator, Grebner


Election Day.  Be sure to get out the vote today.  I am curious to see just how much volatility will come in this one day.  Is one candidate better for the trade than another? 
[MORE]

Morning Market Insight

 
Morning Market Insight

September 28th, 2012
By: Lynn Miller – Grain Originator

CORN:  7:50 Trading +18

REMARKS:  Rumors abound of a livestock group in North Carolina buying some 15 cargoes of Brazilian corn pressuring the
[MORE]

Morning Market Insight 09/27

 
Morning Market Insight
September 27th, 2012
By: Lynn Miller – Grain Originator


USDA’s Quarterly stocks report out tomorrow morning.

CORN:  7:50 Trading -5

REMARKS:  Across the board grain liquidation
[MORE]

Morning Market Insight 9/26

 
Morning Market Insight
September 26th, 2012
By: Lynn Miller – Grain Originator


CORN:  7:50 Trading -9

REMARKS:  With nothing really new in the news yesterday corn values closed weaker with wheat.  Focus the next
[MORE]

Morning Market Insight 9/25

 
Morning Market Insight
September 25th, 2012
By: Lynn Miller – Grain Originator


CORN:  7:50 Trading +4

REMARKS:  Corn values were rather lethargic yesterday as beans started the day aggressively downward.  These
[MORE]

Morning Market Insight 9/24

 
Morning Market Insight
September 24th, 2012
By: Lynn Miller – Grain Originator


CORN:  7:590 Trading -2

REMARKS:  Corn appears to be holding it’s own on yield reports that so far have varied across the
[MORE]

Morning Market Insight

Sep 17th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 13 lower


The corn market is running into pressure last night/this morning as harvest progresses. Even with the lower production, high prices and the lack of carry
[MORE]

Morning Market Insight

  
Morning Market Insight

August 17th, 2012
By: Lynn Miller – Grain Originator


CORN:  7:30 Trading -2

REMARKS:  Values firm yesterday, believe it or not, carried on the strength in Wheat.  Some anxiety out
[MORE]

Morning Market Insight


Morning Market Insight
August 16h, 2012

By: Lynn Miller – Grain Originator


CORN:  7:00 Trading +3

REMARKS:  Overall a good day in the world of corn yesterday as poor early harvest results start to pour into the market
[MORE]

Morning Market Insight

 
Morning Market Insight
August 15h, 2012
By: Lynn Miller – Grain Originator


CORN:  7:45 Trading +3

REMARKS:  We saw a really choppy, bounce-around trade yesterday as the market appears to be consolidating at these new
[MORE]

Morning Market Insight

 
Morning Market Insight
August 14h, 2012
By: Lynn Miller – Grain Originator


CORN:  7:45 Trading 5 higher

REMARKS:  The market did a nice job of stoking my ego yesterday as we were down all session on carryover selling
[MORE]

Morning Market Insight

 
Morning Market Insight
August 13th, 2012
By: Lynn Miller – Grain Marketing Specialist
.
CORN:  7:40 Trading -9

REMARKS:  Friday’s USDA report put a 123.4 bu/acre yield number out there for us.  This number,
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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%
[MORE]

Morning Market Insight

 
Morning Market Insight

July 6, 2012
By: Lynn Miller – Grain Marketing Specialist

As much as I hate to say it, and as awesome as this rally has been, everything that goes up must come down.

CORN:  7:45 Trading -15


[MORE]

Morning Market Insight

 
Morning Market Insight
July 5, 2012
By: Lynn Miller – Grain Marketing Specialist


I hope everyone had a chance to enjoy the 4th of July Holiday, now bad it’s back to the daily grind.  The Chicago Board of Trade will open today
[MORE]

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
[MORE]

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
[MORE]

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
[MORE]

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.  
[MORE]

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
[MORE]

Pre-Opening Comments

 
Pre-Opening Comments

December 13, 2011
By: Lynn Miller, Grain Originator-Grebner

CORN:  3 Higher
REMARKS:
Fundamentally in the corn market we don’t have a lot going on and what is there is pretty much a mixed bag. 
[MORE]

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
[MORE]

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
[MORE]

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,
[MORE]

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
[MORE]

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
[MORE]