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]
Spike in Gulf Lifts Cash Basis
National corn and soybean basis showed strong gains this week on account of stronger Gulf bids
In the last week we observed a firm increase in national corn and soybeans basis in the cash market. On average across the nation we watched spot corn basis rise 2 cents, while beans added nearly 3 cents.
The river accounted for large basis increases this week with corn increasing on average...[Read More]
Soy Basis Heats Up on Export Driven Demand
Soybean basis up 3 points, corn basis stall due to weak export demand
Soybean basis was up 3 cents for the week as strong export business continues to lift interior basis levels. Robust business to China and others has helped fuel cash movement to Gulf ports. Year-to-date export shipments for soybeans are 57% higher than this time last year, and up 44%...[Read More]
Save Time and Improve Value?
Digital technology gives us the opportunity to help you save time
I’ll say it right up front: If we lose your attention — we’re toast.
No, I don’t think that’s likely, particularly since Feed & Grain has spent more than 50 years working to keep your attention, but if we don’t worry about losing you, then we’re not doing our job. And our job is to deliver...[Read More]
Square Up For Easy, In-the-field Payments
Swipe credit cards on your smartphone
My son is in Cub Scouts and loves to take part in the annual popcorn sales fund raising program. He has always done well but I felt could have done better if we had a way to accept credit cards, so this year we down loaded the Square Credit Card App on my iPhone and improved his sales by...[Read More]
Barge Rates Decline, Spurring Basis at River Terminals
Sharp decline in barge rates had a pronounced impact on soybean basis, while corn benefited only slightly
Finally, after two weeks of barge rate increases, we observed a sharp decline across the river system. The St. Louis rate declined 19% last week giving soybean basis along the river space to improve 11 ¼ cents between Oct. 25th and Oct. 31st. Movement of soybeans through Mississippi river...[Read More]