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July 14, 2014 Leave a comment
Grain Markets at close 7/14/14
Corn+3@3.81
New+3@3.88
Beans+1@11.97
New+11@10.86
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
June 30, 2014 Leave a comment
The National Ag Statistics Service (NASS) issued two major reports this morning. The June Quarterly Grain Stocks report measures grain in all positions as of June 1st. It is used to gauge both on farm and commercial inventory of corn, soybeans, and wheat. Due to the reports only being released quarterly, expectations are often quite variable which leads to a volatile trade. The Planted Acreage report indicates the amount of acres planted to principal crops and is based on surveys taken in late May and early June. Below are summaries of both reports.
Quarterly Grain Stocks
Corn stocks reported at 3.8 billion were above the average guess but within the range of expectations. Soybean stocks were reported at 405 million bushels which was slightly higher than pre-report estimates.
Market Reaction: Negative for both commodities.
Planted Acreage
Corn planted acreage was reported at 91.6 million acres which was slightly below pre-report estimates at 91.7. This total is the smallest number since 2010, but still the 5th largest since 1944. Soybean acres were a massive 84.8 million acres, well above pre-report estimates at 82.2. This total is easily a new record for soybean acres, some 7 million higher than the previous record. The number is up 11% from a year ago and reflects higher soybean prices through the spring and wet weather during planting, which may have pushed some corn acres to beans. The USDA is expecting record soybean acreage in MI, MN, NE, NY, ND, OH, PA, SD, and WI.
Market Reaction: Negative for both commodities
At 11:43 a.m. New Crop corn is down -19 ½ and soybeans are down -60.
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
May 19, 2014 Leave a comment
By Greg Mockenhaupt, Grain Market Contributor
Markets 5/19/14 @ 8:33am
Corn -2 @ 4.81, December -1 @ 4.80
Beans unchanged 14.65, November +5@12.27
-Markets are mixed this morning, with lower corn & wheat, and higher new crop soybeans
-Planting progress is expected to be over 70% for corn and 30% for soybeans this afternoon with the majority of the corn left in the northern states.
-Most are talking of more soybean acres with the “late” planting and less corn acres, however markets have been counter-intuitive as new corn has broke from highs and new beans stay strong
-Look for strong corn export inspections on the report later today
For more information, call Greg Mockenhaupt at the CVA East Hub. Information is listed below.
Risk Management Consultant
Central Valley Ag – ProEdge
1007 County Road O
Oakland, NE 68045
Office: 402-685-5613
Cell: 402-380-9855
May 9, 2014 Leave a comment
Grain prices from Greg Mockenhaupt. For more market information, contact Greg at the CVA East Hub.
Grain markets 5/9/14 8:31am
Corn -1 @ 5.12, New Crop -1 ¾ @ 5.09 ¾
Beans -1 ¼ @14.73, New Crop +2 @12.26
May 7, 2014 Leave a comment
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
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