Category: Grains

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

2016 Soybean Test Weights Low?

Although we have not seen many soybeans into our elevator so far – I have noticed that the test weights are low. Typically we see test weights approaching and exceeding 75 kg/hl however the early soys coming in have been struggling to break 70. This puts some beans at risk of not making grade 2…. CLICK HERE to Read More

Sept 30th USDA Stocks Report Summary

The USDA published an updated crop report, specifically on stockpiles today. Corn stockpiles were estimated at 1,738 million bu, which is below average trader forecasts.  Interestingly enough, it is roughly the same as last year at this time, despite the good crop last year.  This, to me indicates strong demand which is good news as… CLICK HERE to Read More

Sept 12th USDA Report Summary

The Monday USDA report pegged 2016 US corn production slightly lower than the August report, which the market had predicted would happen.  Yield was reduced to 174.4 b/acre from 175.1 bu per acre from August.  That said, it is still predicted higher than the other guessers in the market so the impact on corn futures… CLICK HERE to Read More

June 30th USDA Report Summary

Thursday’s USDA report surprised most people with corn planting acres as well as stocks up higher than even trade estimates. Estimating planted acres at 94.15 million, which is up a good 1.5 million from expectations. Soybean acreage is also up but not as dramatically. Corn stockpiles are also higher than expected which has dragged down… CLICK HERE to Read More

Jan 12th, 2016 USDA Report Updated

The USDA report had a few surprised for the traders.  Corn yield was lowered further than analysts thought, as was soybean yield.  (168.4, a full bushel drop in corn yield, and a .3 bu drop in soybean yield).  That said, ending stocks were not lowered as thought for corn so while the impact was positive… CLICK HERE to Read More

2015 IP Soybean Programs

For the Haggerty area we have several varieties available. Follow the attached link for details: All varieties are delivered to Thamesville, and have a 45 bushel per acre max yield. Contact us for more information.    

2015 Soybean Moisture Table

In an effort to improve the understanding of the costs associated with high moisture soybeans, we have changed our soybean shrink chart, separating the costs of drying from the shrink.  In previous years, drying charges have been included in the shrink charge, which had the undesired impact of lowering a producers yield artificially. We hope… CLICK HERE to Read More

USDA Report Summary and commentary July 10th, 2015

USDA lowered corn harvest forecast, but by less than traders expected. Yields are maintained at the June estimate of 166.8 vs. trader expectations (what do they know?) of 165.1.  This is despite generally reported poor weather conditions in the US growing areas.  The USDA must be thinking the yield is not impacted yet. US corn… CLICK HERE to Read More