Corn/Beans Drift Higher Into USDA Numbers
Corn and Beans again closed in the black today in a quiet upward trade. Today we discuss wheat technicals and expectations for tomorrow's USDA report.
Breaking Dollar Helps Grains
The dollar index made at technical break from the uptrend observed since August today. This helped corn and wheat close in positive territory while soybeans closed moderately lower.
Soybeans Take a Break After Pushing $9.55
Today we discuss the soybean market in detail and what traders are expecting out of the October 10th USDA report.
Today we discuss the sell off in soybean futures and what corn producers expecting an insurance payment can do if they are worried about an October price rally. Tune in for the full report!
Big Wheat Exports
Today's export sales report bounced wheat futures but the rally was short lived. Today we discuss the wheat market and corn/bean sales as well.
Grains Grind Sideways
Grains showed some positive moves today but were unable to pick up any serious ground. Today we discuss ethanol numbers, yield projections from FC Stone, and what the rest of the week could bring.
Grain Stocks Surprise Soybean Market
Today we discuss the September 1st grain stocks report and what the reaction may mean for prices moving forward. Ethanol numbers are out tomorrow and we also discuss ethanol margins which have slid lower in recent weeks.
Grain Handling Challenges Ahead With Large Harvest
Rail transportation tops the concerns of farmers this year as they prepare to harvest what’s expected to be a massive corn crop.
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Farmers are poised to enjoy a bountiful harvest this year, but it won’t come without concern. Feed and Grain Magazine Editor Elise Schafer says grain will have competition on the railway this year where problems persist in areas like the Upper Midwest. Some farmers are still trying to move last year’s crop.
|Schafer:||That’s because grain is competing for rail cars, locomotives and track space with the oil industry and so far it seems like the railroads are favoring the oil customers. The grain industry is putting a lot of pressure on the railroads to clear the backlog of railcars from the winter. The railroads are saying that they’re going to make significant investments to avoid this kind of problem going long-term, so we’ll see how that pans out.|
Near the Upper Mississippi River a late and wet harvest is causing quality concerns. Schafer says grain handlers will be testing loads for quality and may have to eventually turn away loads. However, she says grain handlers are preparing for the large harvest.
|Schafer:||Grain handlers are well-prepared to take on the extra volume. All summer they’ve been watching the crop reports and elevators and co-ops are investing in permanent storage and temporary storage solutions. A lot of them have set up circle or oval ground piles and those can store up to a million and a half bushels. It does depend on the region and the situation but most places in the Midwest are pretty low on inventory right now. So at least at the beginning of harvest, they should be accepting grain.|
Schafer says farmers should be talking with their local co-ops and elevators about grain storage, planning ahead to avoid problems. She adds one solution to on-farm storage is plastic grain bags.
It is fairly expensive and labor-intensive, but I’ve heard high-quality grain coming out of grain bags even a year after they’ve been loaded. The key is to load them dry. You want to decrease the possibility of mold or mycotoxins once it’s loaded so you need to monitor them constantly. Be sure to get a good sample for testing once you’ve unloaded it to help determine the quality and then you can decide how you want to market it.
Micheal Clements, Washington.
Futures Grind Lower, Basis Remains Volatile
Today we discuss a futures market which continues to grind lower and a cash market which has seen increased volatility as harvest looms. If you haven't taken a look at our mobile trading app, now is the time! Visit us at GrainHedge.com and get live quotes.
Wheat Falls After Six Days of Rising Prices
Weekly Cash Comments
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Strong Export Sales Lift Grains
Markets Up Sharply in the Overnight
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