Category: Grains

USDA WASDE Report November 10th, 2020

The USDA updated their estimates for grain production, demand, and ending stocks today. The report came with some major changes, and many surprises to the markets Corn ending stocks saw a 465-million-bushel reduction, from October’s estimate of 2.167 billion bushels down to 1.702 billion bushels. This reduction came from a drop in average yield, a… CLICK HERE to Read More

USDA Ending Stocks Update, October 9th, 2020

The USDA updated their supply and demand estimates today. All good news but no major surprises to the markets. Corn ending stocks were adjusted, lowered from 2.503 billion bushels to 2.167 billion bushels. The primary factor driving for this was a rather massive reduction in beginning stocks from two weeks ago.  While bullish, the markets… CLICK HERE to Read More

USDA Quarterly Stocks Report Sept 30 2020

The USDA Quarterly Grain Stocks report was released today at 12:00, and it brought some major surprises to the market. Stocks were lowered across the board, coming in underneath average trade estimates by a significant margin. Corn stocks were reported at 1.995 billion bushels; 255 million bushels below the average trade estimate of 2.225 billion… CLICK HERE to Read More

USDA Report Sept 11th, 2020

USDA September 11th, 2020 Recap  Last week the USDA updated their estimates. Traders did a good job with their estimates, and as such there weren’t many surprises to the markets. Corn ending stocks for 20/21 dropped around 250,000 MT. The largest contributing factor to this was storm damage in Iowa, which represented a loss of… CLICK HERE to Read More

2020 Great Lakes Grain Crop Tour Results

Jill, Ryan, Al and Kris were busy the last couple of weeks checking yields on some of our customers farms (in between rains) as part of the 2020 GLG crop tour.  This is the 10th year that GLG has organized the event. The growing season immediately surrounding Haggerty has been excellent, for the most part. … CLICK HERE to Read More

USDA February 11th, 2020

Yesterday the USDA updated it’s crop report with ending stocks. There were little surprises to the market. From Mid-Co, here is a summary: Corn Ending Stocks were 1.892 MMT which are unchanged from January but higher than the trade estimates. I think for our marketing – we know that the US has had harvest challenges… CLICK HERE to Read More

GLG We Know Markets Event

Bringing You What’s Next Tour 2020 Great Lakes Grain, along with your Haggerty Creek, AGRIS and FS PARTNERS teams, would like to cordially invite you to our Winter Information Meetings featuring Jeff Sherman, Commodity Risk Consultant of MIDCO Commodities from Des Moines, Iowa. Many people are involved in your farm decision making process. Please feel… CLICK HERE to Read More

Corn Harvest and Invisible Loss

A few customers have been asking about invisible loss this fall, and I have noticed the topic on some twitter feeds as of late. Here is what I have learned. What is Invisible Loss in corn? Invisible loss can occur when grain dries down too long in the field.  Most corn is mature at 26-35%… CLICK HERE to Read More

2018 Harvest Preparation – Soybean Tables

We are pleased to announce that the soybean tables for 2018 crop have not changed from last year. We are ready to receive beans at any time, or we can arrange on farm pickup to deliver to an end user if the contract terms are met. Here are the updated terms and tables. Corn-Soy Grade… CLICK HERE to Read More

Managed Money and Grain Markets

In general terms, traders have a pool of money to trade, and then can put these funds wherever they deem they will get the best return. While many who trade commodities are doing so to offset risk in that commodity, others are doing so to offset risk in other businesses. In the recent Grain Farmers… CLICK HERE to Read More