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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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USDA Report This Morning

Because of an early Twins game we did not have a market report with Gordy this morning at 11:15. It was bad timing because the USDA Report was released at 11:00 this morning. Click on the link and you can listen to Gordy and I discuss the numbers and how the trade viewed the numbers

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Corn and Beans Steady, Wheat Down for 9th Day

After being under pressure since last Friday's USDA Supply Demand Report corn and beans are  about unchanged today. With wheat down for the 9th day in a row and down about 70 cents a bushel you have to think we will see a bounce soon

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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USDA Report Today!

The dust has settled after the USDA Report was released at 11:00 this morning. By the close old and new crop corn was lower, old crop beans higher and new crop beans just slightly higher. On the corn, world ending stocks came in much higher than expected for both old and new crop

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blang
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Enough Rain???

One of my dealers was dropping off some corn yesterday afternoon just after the severe thunderstorm and sent me this picture of my farm. I think I would feel better if I had not seen it. On Tuesday afternoon, I worked over one field and it was wet in places

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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USDA Supply Demand Report Friday at 11:00 AM

Friday morning at 11:00 am the USDA will release the May Supply Demand Report. There will be three sets of numbers of special interest. The projected carryover for the 2013-14 crop and this will be the first estimate for the 2014-15 crop

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Grains Following the Same Pattern As Monday

Todays grain action is the same as Monday's. Wheat is the strong one, beans the weak one and corn in the middle. It seems wheat might be helping corn as some traders are talking about less wheat being fed to livestock because of higher prices

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VanTrump photo
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How Fast Can We Plant Corn?

I saw this picture in a daily market newsletter that was circulating around the trades. Guess it's not like the modern planters that traders think we can plant the entire corn crop in four or five days but, it's a step up from a two row planter the horses used to pull

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Old Crop Beans Down almost 60 Cents!

The Soybean Bulls have had it their way for a while but they got slaughtered today with soybeans down almost 60 cents a bushel in the nearby July contract. I read it was profit taking by the funds that started at 8:30 this morning when the day session opened

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Month End Profit Taking Today On the COBT

Corn and bean futures were under pressure this morning but by the close corn recovered most of the losses and beans actually got a little higher in the old crop. Much of todays action appeared to be end of the month profit taking

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Tough Day for the Grains

After the long holiday weekend the grain markets are quite a bit lower today. In the case of corn I read it was "profit taking" and planting progress or soon to be planting progress. It was warm over the weekend but looking at the forecast for the rest of the week it does not look like we will get a lot of planting done here in the upper Midwest

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