Hello everyone, my name is Justin Stengel, and I am a second year Grain Merchandising Intern based out of the Aurora, Grand Island, Superior, and Sedan locations working underneath John Borchers, Director of Merchandising and Origination. I am a senior majoring in Ag Business with a minor in Ag Finance at Northwest Missouri State University…
Continue readingThis past month has quietly been a down trend for grain. Producers have been in the field planting both corn and beans, China has cancelled corn purchases, Poland has bought U.S. soybean meal for this summer, and we continue to hear more chatter about El Nino gaining strength and potentially creating weather problems around the…
Continue readingI grew up in northwest Iowa on a small grain and livestock farm. After graduating from South Dakota State University, I began my career with DeBruce Grain as a grain merchandiser and location manager serving the Nebraska, Iowa and Kansas areas. I then went on to earn my master’s degree in Agribusiness from Kansas State…
Continue reading4/4/2023 We had the quarterly stocks number from the USDA Friday March 31st. Corn stocks were slightly higher than expected. However, stocks are still 350 million bushels shy of this time last year. May futures lead the way higher on Friday and closed up double digits at $6.585. This is the highest price for May…
Continue readingA quick market update, futures levels have been trending lower over the last month with exports behind pace and slightly higher projected carryout for 2023. The March USDA supply and demand report has corn carry out projected at 1.308 million bushels vs 1.267 in February and soybean carryout projected at 220 million bushels vs 225…
Continue readingThe January WASDE provided a few fireworks last week. 2022 harvested acres dropped from 80.8 million acres to 79.2 but yield went up 1 bushel per acre to 173.3. This resulted in a nice spike in corn futures back to the 6.75 range. Old crop futures have now traded in the 6.50-7.00 range for all…
Continue readingIn the last 30 days, we have seen December corn futures trade approximately a 50 cent range. We tested the $7.00 resistance level for several days but we were not able to close above that mark. The market has since traded below the 200 day moving average but the 100 day moving average held support…
Continue readingA quick market update, futures levels have been sideways over the last month with yields in both corn and beans coming in as expected. The October USDA supply and demand report had corn carry out at 1.172 million bushels and 200 million bushels for soybeans. Basis levels continue to push slightly higher with Mississippi River…
Continue readingMarket Recap We have continued to see a basis push for Sept corn as old crop stocks in Central Nebraska have remained low and local ethanol plants and cattle feeders have struggled to find corn or dry enough new crop bushels to hit the market. USDA Supply and Demand reports have continued to see smaller…
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