Grain Prices

August 5, 2014 Leave a comment


Markets at of 8:41am 8/5/14

Sept Corn -4 @ 3.54 ¾

Dec Corn -4 ¼ @ 3.65

 

Nov Beans -15 ½ @ 10.64

 

-Yesterday saw a rally in the grains, with corn+7 & soybeans +21!  However a more negative tone this morning.

-Weather forecasts did not change much since Friday when we were lower by this amount, but short-covering came into the market and we are waiting to see if the forecasts pans out this week, with rains forecast

-Crop conditions fell by 2% on corn to 73% good/excellent nationwide. Nebraska corn fell by 2% as well

-Soybean conditions were steady at 71% good/excellent nationwide. Nebraska soybean conditions fell by 2%

-Overnight corn is down 2 with soybeans down 10

 

For more information contact:

 

Greg Mockenhaupt

Risk Management Consultant

Central Valley Ag – ProEdge

1007 County Road O

Oakland, NE 68045

Office: 402-685-5613

Cell: 402-380-9855

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I am a graduate of Northeast Community College with a degree in journalism. I am married to Jeff Gilliland. We have two grown children, Justin and Whitney and four grandchildren, Grayce, Grayhm, Charli and Penelope. I will be covering Lyons, Decatur, Bancroft and Rosalie and am hoping to expand my horizons as time progresses!

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