Soybeans

Minnesota Commodity Broker Gordy Kralovetz said the latest grain market action just does not "add up" given the weather and how tight grain stocks are.

The EPA approved dicamba over the top on soybeans but it still has to be approved for use in Minnesota by the Minnesota Department of Agriculture.

Roger and Rhonda Toquam, the boys and Orlo hosted the annual soybean harvest broadcast at their farm by Claremont. Special thanks go to the Toquams, along with Troy from Cashwise in Owatonna, for bringing the great lunch! It was a busy time for Roger and the boys as they were loading pigs at 11:30, stopped a few minutes for lunch and then started combining beans...

This is a picture of one of my bean fields. I planted this small field with an earlier variety while the rest of my beans were a full-season variety. I planted a few acres of an earlier variety so I could get started with harvest. It always seems like you can have the combine checked over and all greased, augers set up but there always seems to be something you did not anticipate that slows you do

You probably heard about me stopping by Wayne O'Connor's and picking up 25 bags of soybean seed. Yes, we put all 25 bags in my 1999 Monte Carlo. The "modern" way to haul soybean seed is to use a seed tender. Wayne gets seed delivered in bulk...

Corn was hit hard today, closing down about 7 cents. Wheat was really hit, closing down about 30 cents. That probably pulled corn down, too. Export Inspections were reported at 855,766 MT, which was down from last week at 1.039 MMT. This afternoon the USDA reported planting progress for corn at 2 percent compared to the average for this date of 5 percent...

Corn had another good day as it continues to recover some of the losses from Tuesday. Export sales for corn were disappointing at only 431,700 MT. However, it was right at the weekly sales we need to meet the USDA export projections for the year...

Corn futures closed 3-4 cents a bushel higher today. Gordy said this morning at 11:15 that there probably was some short covering and position squaring ahead of tomorrow's USDA Stocks and Planting Intentions Report. This morning the USDA reported a sale of 131,172 MT of corn sold to a unknown destination...

Corn prices closed about unchanged today as traders are waiting for Tuesday morning's USDA numbers. As far as the reports go, it is one of the biggest of the year. For the Prospective Plantings Report traders are expecting farmers will plant about 2 million fewer acres of corn this year...

Corn finally closed about 4 cents higher today after a big move down last Friday and Tuesday. The weekly ethanol production report showed an increase in production of 3 million barrels per day to 947,000 barrels per day. Even though ethanol production increased, stocks decreased by 2 percent...