August 13, 2014 | Grain Hedge Insights | Cody Bills | Views: 264

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: 1510

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: 266

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: 313

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: 238

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: 310

Tricky New Crop Basis Environment

‚ÄčLogan 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: 467
August 04, 2014 | Grain Hedge Insights | Cody Bills | Views: 271

Corn Ratings Drop 2%

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

August 01, 2014 | Grain Hedge Insights | Cody Bills | Views: 380

Soybean Basis Turns Lower on the Week

Soybean basis was off sharply across the country, down nearly 14 cents on average. Today we discuss the cash market for corn and soybeans and what the markets will be focusing on next week.

Soybean Basis Turns Lower on the Week
July 31, 2014 | Grain Hedge Insights | Cody Bills | Views: 348

Strong Weekly Sales for Wheat

Export sales were released this morning with strong sales reported for wheat and soybeans. Today we discuss the export sales report and trade technicals on soybeans.

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