Greg Mockenhaupt Reports Grain Markets

By Greg Mockenhaupt, Grain Market Contributor

For more maker information, contact Greg Mockenhaupt at the CVA East Hub.

May Corn -2 @ 5.11, Dec Corn -3 @ 5.06 ¾ (5/7/14 8:19am)

Corn planting remains the top concern. The USDA earlier this week reported the US corn crop at just 29% planted vs. the 5-year average of around 42%. Corn emergence is at just 7% compared to the 5-year average pace of 13%.  Nebraska is currently just 1% behind pace.  The forecast has turned a bit drier for a larger portion of the corn belt, so as the planting pace picks up its likely we will see a significant increase in progress come next week.  Talks of up to 70%.

May Beans -11 ½ @ 14.52 ½, Nov Beans – ½ @12.24 ¾ (5/7/14 8:19am)

Bean planting has starting off a bit slow with the USDA estimating 5% of the crop planted vs. the 5-year average of 11%, but thoughts are… this starts to pick up as the southern states begin to advance.  The trade will continue to watch the forecast, but there is plenty of time left for beans.

As we plant, it is easy to forget about the markets, and many producers still have a substantial amount of grain left in the bin.  A great way to maximize your cash sale is ProEdge’s bonus premium contract which adds an additional 25-30 cents to each corn bushel.  This is in exchange for an offer on your new crop corn. Depending on your location that’s getting close to $5.

ProEdge offers the same contract for your beans as well with an additional 30-40 cents per bushel.  Prices vary with market fluctuation.

Market information provided by Greg Mockenhaupt a ProEdge Grain Risk Management Consultant at Central Valley Ag’s East Hub 402-685-5613

Greg Mockenhaupt

Risk Management Consultant

Central Valley Ag – ProEdge

1007 County Road O

Oakland, NE 68045

Office: 402-685-5613

Cell: 402-380-9855