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Jerry Groskreutz’s Blog

Jerry Groskreutz's Blog - Page 6

GRAIN SETUP
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Grains: Higher For the Week

Are we starting a trend? This is the second week in a row corn and soybeans had a higher weekly close. Last week corn was up about 15 cents and this week one and a half cents, but that is still higher! Soybeans were up 17 cents for the week

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ME
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Jerry Takes the Empty Plate Challenge

Emery Kleven with the Minnesota Farm Network has challenged me, and I don't like to lose! Minnesota food banks are challenging everyone to take the Empty Plate Challenge. The idea is to raise awareness of growing hunger issues in Minnesota

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GRAIN SETUP
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Grain Markets: Corn Down, Beans Up

This was the third day in a row corn closed lower. The Export Sales Report this morning was friendly with sales at 1.003 MMT and another 117,00 MT for the 2015-16 season.

Foreign buyers must see corn as a value right now even though traders here continue to talk about how bearish the supply situation is

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Bulk Fuel Barrel
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Booking Diesel Fuel?

Have you thought about booking your diesel fuel for this spring, or even for the whole year? There is a tendency for diesel fuel prices to put in a seasonal low in late January or February. When I look at locking prices for inputs, I always consider how much lower they could go compared to how much higher

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USDA Service Center
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Questions Answered on the Farm Bill

Many farmers have gone to at least one Farm Bill meeting. Some of us more than one, plus reading many articles and using computer-based decision aids. Farm Management Analyst Kent Thiesse put together a four-page summary of some of the most common questions he has been asked at numerous meetings. If you have not updated your yields and base acres or decided on PLC or ARC county, take a few minutes and read over this publication Theisse wrote. It answered a couple of questions I had, so Thiesse gave me permission to post it on our website.

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Farm Bill Sign up
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Farm Bill Sign Up is Painless

On Tuesday afternoon, I had an appointment with my FSA office in Owatonna. Mine was rather simple compared to many farmers. I had my Production Report from my Crop Insurance Agent, so it was easy to determine whether I could raise my program corn and soybean yields by updating

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GRAIN SETUP
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Market Report: Is the February USDA Report Friendly?

This morning at 11, the USDA released the February Supply Demand Report. Corn carryover dropped by 50 million bushels to 1.827 billion bushels. Soybean carryover dropped by 25 million bushels to 385 million bushels

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GRAIN SETUP
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Market Report: USDA Report Released This Morning at 11

The USDA will release the February Supply Demand Report at 11 a.m. today. Typically, few major changes are made in this report, but there always is potential for a surprise. The average trade estimate for corn carryover is 1

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Gala
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Faribault Chamber of Commerce Gala: Fancy Fun and Free Food

The Faribault Chamber of Commerce held their annual membership Gala on Saturday evening at the American Legion in Faribault. Kelly and I represented KDHL, along with Kris, our sales manager, and his wife

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Grain Bin
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Market Report: Corn and Beans Higher

There was a lot of negative market chatter this week in the grain markets. The value of the dollar was moving higher, there is a big crop in South America, corn demand for ethanol would be down because of low gas prices, on and on the negative commentary went

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