Basis Levels Stagnant on Futures Rally
U.S. average soybean basis levels unchanged on the week as futures prices climbed following the January WASDE, and Grain Stocks report.
Both corn and soybean basis levels saw limited movement this week, as futures markets climbed on renewed concerns about short supplies. For the week, U.S. average corn and soybean basis were unchanged.
In the corn market, higher than expected feed use reported in last week’s USDA report cut...[Read More]
Navigating the New Year
Knowledge, guidance lies in past experiences
After almost a decade on the job, I can say with certainty, the last month of each year is a always a blur. Back-to-back issues, relentless deadlines, business travel, planning meetings — it all comes raining down in December. However, for me, it is also one of the most valuable times of the...[Read More]
Top 10 Products & Services of 2012
A collection of the most popular equipment and services of the year
Technology offers an infinite amount of data collection opportunities — too many, some may argue; however, the ease-of-access and accuracy of the information means nothing if you're not going to use it in a way that gives it relevance. When attempting to identify trends, programs like Google...
Soybean Basis Jumps while Corn Stays Sluggish
Soybean basis saw double-digit gains in many parts of the country, while lackluster export demand kept corn basis improvements modest
Soybean basis saw double-digit gains in many parts of the country this week as strong export bids and falling barge freight helped push basis levels higher. For the week, U.S. average soybean basis was up 4 cents a bushel while corn
Spot soybeans rose sharply on the river system this week,...[Read More]
Basis Levels Inch Higher
Basis levels were up modestly this week with sluggish demand keeping cash markets mostly quiet. On average across the U.S., spot corn basis managed a one cent gain for the week while spot beans were up 2 cents.
In the corn market, ongoing demand struggles for exports and ethanol has kept...[Read More]
Soy Basis Surges on Demand Strength
US average soybean basis levels were up 4 cents a bushel for the week, bolstered by a strong crush and export sector.
U.S. average soybean basis levels were up 4 cents a bushel for the week, bolstered by a strong crush and export sector.
The soybean basis strength was greatest around the river system especially southern reaches of the Mississippi river and the Ohio river. River markets on average gained 7...[Read More]
Time For A Break
Stepping back allows you to put things into perspective
A friend of mine can quote just about every line from “It’s a Wonderful Life” and, I think, give a full description of at least four versions of “A Christmas Carol.” While I can’t do that, I have to admit, I do enjoy this time of year.
Yes, we’re tying up all the loose ends of one fiscal...[Read More]
Cloud Accounting with Freshbooks
Solution removes confusion, frustration and long hours spent invoicing clients
You provide your service or product to your farm clients and you are ready for the fun part which is getting paid, right? Not so quick, you still have to prepare an invoice for your transactions, send it to clients and then hope you get paid in a timely manner. The work involved in...[Read More]
River Woes Push Basis Lower
Basis slipped lower along the river system as many terminals north of St. Louis face the possibility of barge restrictions to the gulf
Basis came under pressure along much of the Midwest river system this week as terminals north of St. Louis slowed grain buying amid looming draft restrictions on the river due to low water levels. Basis levels for soybeans were off 4 cents on average along major river terminals this week,...[Read More]
Keeping tabs on the practices of today’s most progressive commercial producers
Last June at the IDEAg Interconnectivity Conference, I had the opportunity to hear Dr. Michael Boehlje, a well-known and well-respected ag economist from Purdue University. Dr. Boehlje, while well aware of today’s production agriculture, also looks into the future, focusing his work on...[Read More]