News

Ryan Brandts, Grain Marketing Manager, takes an in-depth look at the market trends this week and shares his insight. Ryan Brandts - Grain Marketing Manager

Corn bulls had gas thrown on the fire Tuesday as the USDA released a very bullish crop production report. The big market driver was a 3.8 bu cut in final yield from the November report; this was the biggest Nov - Jan cut in yield ever!  Kyle Leary - Grain Marketer

We are 2 weeks away from the highly anticipated January USDA report where they will give us the final yield number and update quarterly stocks. Trade is expecting the stocks numbers to be bullish. For almost 6 weeks straight we saw export sales of beans and domestic demand is staying strong as crush margins remain good. Ethanol is the big question on the corn side- negative ethanol margins for Q1 2021 have processors contemplating if the plants should stay running or shut down for a period of time. The rail market for corn remains strong and Crystal Valley has a record number of trains on the books for this fiscal year. Megan Tusa - Grain Marketer

The latest when it comes to harvest progress in our area. Beans are done, regionally corn harvest completion percentages vary.

On Monday, October 5, our Hope location had the biggest day ever! There were 416,000 bushels dumped by 485 trucks in 14.5 hours. Break that down, and it’s one truck every two minutes!

The June 30 USDA report and 4th of July has come and gone already. We are on the downhill slide of summer and in most of the territory, the crops look excellent! Megan Tusa - Grain Marketer

After a shocking USDA acreage report last week, and hot, dry weather in the forecast, corn and beans have rallied to their highest values in over 3 months. Kyle Leary - Grain Marketer

As of June 22, NASS estimated that 72% of the corn crop was in a good-to-excellent condition which is up 1 % from 71% the previous week. It was also well above 56% at the same time a year ago. Chris Whitehead - Grain Marketer