August 14, 2014 | Cody Bills | Views: 168

Grains Move Higher

Cody and Logan discuss the trade action in corn and soybeans today and break down the expectations for tomorrows NOPA crush numbers.

Cody discusses the yield forecast by Planalytics who's yield forecast nearly matched the USDA's latest number 11 days ahead of the report. 


​If you are interested in seeing the Planalytics yield report call the office at 877-472-4607​
 

August 14, 2014 | Grain Hedge Insights | Cody Bills | Views: 183

Soybeans Push Lower in the Overnight

Soybeans broke through key support yesterday opening the door to further losses in the days to come.

Soybeans Push Lower in the Overnight

Grains are unchanged in the overnight session, with corn down a quarter cent, soybeans up a penny, and wheat up half a penny.

Export sales were slightly weaker than analyst expectations for wheat this morning with only 338,700 metric tons sold compared to the 450,000 to 650,000 MT expected. Wheat sales were down 43 percent from the previous week. Corn sales were also light on the old crop with only 117,100 metric tons sold but performed well for new crop, booking 787,800 metric tons for delivery in 14/15. Soybean sales continue to be positive, with 61,400 metric tons in the old crop and 1,050,000 metric tons in the new crop. Old crop soybean sales continue to show strength, posting positive sales without cancelations. Soymeal, however, did post net reductions of 31,700 metric tons of old crop, which was a marketing year low.

November soybean futures traded lower in the overnight session before rebounding into the morning trade break.Yesterday marked an important technical move for the contract as prices closed below $10.55 for the first time. This was a price level that acted as support on both July 22nd and August 4th, and bearish signal opens the door to another move lower. Considering the 15 million bushel surprise on Tuesday, it is our opinion that undersold producers should put on some downside protection on any bounce we can find.

Looking at the weather forecast, the western Corn Belt remains the area of concern. Friday into Saturday there is a good chance to see between 0.5 and 2.0 inches of rain across South Dakota, Nebraska, and Iowa. The 6-10 day forecast projects above average precipitation for the grain belt and slightly above average temperatures for the central and eastern grain belt.

August 13, 2014 | Grain Hedge Insights | Cody Bills | Views: 169

Grain Futures Follow Through From Tuesday’s USDA Report

Today we discuss corn export sales, ethanol production, and soybean technicals on GrainTV. If you haven't taken a look at our mobile trading platform now is the time! Visit us at GrainHedge.com to take your demo and get live quotes on your mobile device.

August 13, 2014 | Tech Talk | Bob Lowe | Views: 573

What Can a Control System Integrator Do for You?

Think your multiple automation systems are out of control? Here's your answer!

What Can a Control System Integrator Do for You?

A control system integrator is a company that designs and implements sophisticated control systems for manufacturing, process and other industrial facilities. Using their knowledge of engineering, information technology and business, system integrators integrate plant equipment to automate manufacturing and processes from the plant floor to the enterprise level. Automation helps manufacturers and processors reduce costs, increase production, use less energy and lower environmental impact.

Control System Integrators are responsible for designing, programing, testing, commissioning and servicing electrical and electronic systems in industrial applications. They integrate hardware, software and equipment from multiple suppliers into fully functional systems for optimum plant control, automation and information.

How do I find a Control System Integrator?

The Control System Integrators Association’s (CSIA) Industrial Automation Exchange is the best resource to find an integrator. You can tailor a search to your industry, application and products to help find the answers to your industrial automation and information needs.

Look for an integrator that is CSIA Certified. CSIA certification is the gold-seal mark of a professionally managed system integration business. Certification reassures clients that the control system integrator is an established, successful professional services firm that wants to develop a prosperous, long-term partnership with clients.

CSIA Certification is similar to ISO, but there are important differences. ISO certification offers quality management to make sure operations are consistent for your business. CSIA delivers that same consistency, but expands the concept to include business management, financial management, human resources, project management capabilities and more. Audit criteria for achieving CSIA Certification derive from CSIA’s Best Practices and Benchmarks Manual.

Founded in 1994, CSIA is a not-for-profit, global trade association for system integration companies. CSIA has more than 400 member firms in 27 countries. It seeks to enable industries everywhere to have access to low-risk, safe and successful applications of automation technology by advancing the business practices of the system integration industry. CSIA helps its members improve their business skills, provides a forum to share industry expertise, and promotes best practices for business management. 

Bob Lowe is executive director of the Control System Integrators Association (CSIA), a global non-profit professional association that seeks to advance the industry of control system integration for the success of members and their clients. Prior to taking over his leadership role with CSIA in 2009, Bob spent 19 years in plant automation in the metals industry. He helped establish a control systems integration company, where he was president and technical staff manager.  A founding member of CSIA, Bob served on the Best Practices committee, was instrumental in designing the CSIA Certification audit and wrote articles on audit preparation. 

August 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 174

USDA Report Breakdown

Today we discuss the USDA Report and what this means for grain prices moving forward. Tune in for the full report!

August 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 195

Report Day Expectations

Two major USDA reports will be released at 11 AM CST. Here is what you need to know.

Report Day Expectations

Grains are sliding lower into this morning’s USDA report. Corn is down 2, soybeans off 4 and Chicago wheat is down 6 cents. Today’s USDA report will be released at 11:00 AM central time.

This morning’s USDA report will be the first survey based yield estimate of the year. Yield figures will be the focus of the report following a July that saw ample moisture in the eastern grain belt but a return of drought conditions in Nebraska and the Dakotas. Below are trade expectations for the report and our take on the numbers. 

 

2014/15 Corn

July Reported

August Expected

Production (MB) 

13,860

14,253  

Yield (BPA) 

165.3

170.098 

Ending Stocks (MB) 

1,801

2,005  

 

2014/15 Soybeans

July Reported

August Expected

Production (MB) 

3,800

3,823

Yield (MB) 

45.2

45.583

Ending Stocks (MB) 

415

414 

 

Crop conditions were released yesterday at 3 PM CST and showed that the soybean good-to-excellent rating had slipped by one percent to 70%. The expectation for both corn and soybeans was to leave conditions unchanged.  Corn’s good-to-excellent rating met those expectations by maintaining 73% of the crop rated good-to-excellent. Spring wheat conditions were also left unchanged at 70% good-to-excellent. Spring wheat harvest has officially kicked off with 6% of the crop harvested about on pace with the five year average.  

China sold 23% of soybeans offered a state auction overnight. In total, 82,489 tonnes were sold compared to 69,243 in last week’s sale. This was a good signal for mainland Chinese demand, although it is important to note that most of the sales went to food companies who use non-GMO varieties exlusivle. Because of this, Chinese imports should not show a major impact from recent state auctions.

Please call our office if you have questions about speculative or hedge positions coming into the report. Our number is 877-472-4607and we are available between 8AM and 5PM central time.

August 11, 2014 | Grain Hedge Insights | Cody Bills | Views: 142

Talking August Beans and Pre-Report Expectations

Today we discuss the August soybean contract and market expectations coming into tomorrow's USDA report at 11:00 AM central time. Want live mobile quotes for tomorrow's report? Visit us at GrainHedge.com and take a demo this evening and have live quotes fo

August 08, 2014 | Grain Hedge Insights | Cody Bills | Views: 202

Tricky New Crop Basis Environment

​Logan and Cody discuss what was moving soybeans in today's trade as well as the expectations for the two major USDA reports scheduled to be released on Tuesday. Cody discusses spot basis changes throughout the country this week and compares this years ne

August 07, 2014 | Cody Bills | Views: 381
August 04, 2014 | Grain Hedge Insights | Cody Bills | Views: 170

Corn Ratings Drop 2%

Today we discuss crop conditions released after the market close and what helped move grain markets higher.

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