4/4/2023 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…
Continue readingThe market has been bucking trends here in August. Typically we see a slow downward grind from the end of June to Harvest. This year, dry weather seems to be feeding the bulls and now we also have the Pro Farmer Tour pumping some concern of our crop size into our market giving us a…
Continue readingHello everyone, my name is Molly Carraher and I am an intern based out of Grand Island. I will be entering my sophomore year at Wayne State College this fall majoring in Agribusiness. I grew up on a farm outside of Spalding, NE where we have a cow/calf, row-crop, and hay grinding operation and grew…
Continue readingHello everyone! My name is Matt Jurgensmier and I am an Agronomy Sales intern out of the Wood River location, with my mentor, location manager, and salesman, Nathan Mayhew. This fall, I will be going into my junior year at the University of Nebraska-Lincoln majoring in agronomy with a minor in agribusiness. I didn't grow…
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