News

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

In the past couple of weeks ethanol demand has slowly picked up as quarantine restrictions are slowly being lifted and ethanol plants are opening back up. The recent DOE ethanol report shows ethanol stocks down to 22,476 thousand barrels, becoming more in line with the 3-year range. Total production has been improving but is still 200-300 thousand barrels per day behind. TJ Fulton - Grain Marketer

Yesterday the USDA released the details on the CFAP.  While there are still some questions out there being answered here are a couple of the best links we could find to help describe the program: Ryan Brandts - Grain Marketing Manager

We would like to inform you of the board’s recent decision regarding the future of the Lakefield grain elevator. Several factors have led up to this after operating the grain elevator on a seasonal basis for the past two years.

Grains continue to try and catch their footing as ethanol demand continues to erode and a bearish March planting intentions report.  The USDA shocked the corn market by printing a 96.99 million acre estimate for the 20/21 crop. This was 2.66 million acres above the average trade estimate and 7.29 million above last year. Kyle Leary - Grain Marketer

The corn market has been taking the brunt of the beating the last month. OPEC and Russia are in an oil price war and thus have flooded the oil market with supply. In turn, we have seen crude oil drop from over $60 per barrel in January to near $20 per barrel in the last couple weeks. Good news if you are in the market to lock up your fuel needs, but bad news for the ethanol market. Megan Tusa - Grain Marketer