Category: Grains

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

March 31st USDA Report Summary

Digging into Friday’s USDA Report comes up with the following items worth noting. First, across the board stockpiles as of March 1st 2017 were up slightly from a year ago, and towards the high end of trade estimates, for all crops. Corn had 8,616 Million bu (110% of last year’s level) Soybeans had 1,735 Million bu… CLICK HERE to Read More

January 11th USDA Crop Report Summary

Overall a generally positive report for Corn and Soybeans. Corn production was lowered from the Nov estimate but a small amount, and below analyst’s estimate by 50 million bu, at 15.148 million bu.  This was based on a 174.6 average yield (this was lowered from 175.3) and 86.7 million harvested acres, also lower by a… CLICK HERE to Read More

Wednesday Oct 12th USDA Report Summary

Of greatest note to me is that the USDA has lowered (again) it’s expected to corn yield to 173.4 (which is still huge) but raised soybean yield to 51.6 (really huge). Traders were expecting this – which is why markets reacted the way they did.  That said – it is interesting to see this corn… CLICK HERE to Read More