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Market Moment

Grains results for All Months from All Years

Capturing the 2018 Opportunity

Published on Monday, October 9, 2017

As we wrap up one year, I think it is only appropriate that we take some time to also think about the next year. While prices have not been the nicest to work with for spot grain, yields have continued to come across our desk from clients finding more bushels than expected. This will be a bright spot for those analyzing gross revenues for the winter ahead. However, with yields remaining high, grai...

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Basis Widens Further

Published on Monday, October 2, 2017

On September 26, spot barge rates for export grain from major originating areas increased 27 to 50 percent compared to last week. Low water conditions have impacted barge movements on the Mississippi, Illinois, and Ohio Rivers, forcing barge operators to decrease drafts for barges, which is reducing barge cargo capacity. Barge operators have indicated shallow river conditions and Coast Guard restr...

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A Glimmer of Hope for Corn?

Published on Monday, September 25, 2017

Warm and dry conditions have continued to push crops toward maturity.  As of Sunday, the USDA pegs corn harvest at 11% versus 14% last year and a five year average of 17%.  In these early stages of harvest, yield data can be all over the map as to what type of yields are realized.  Anecdotally, many of the numbers are better than expected.  However, despite this chatter ma...

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Tales In the Wake of the Storm

Published on Monday, September 18, 2017

There is no doubt that the devastation left in the paths of Hurricanes Harvey and Irma will be remembered for a very long time.  Our thoughts and prayers go out to the families affected by these storms.  The headlines surrounding their landfall grab your heart, but on occasion can challenge your thinking.  To that end, many statements have been made about damaged crops, da...

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September WASDE Raises Yield

Published on Tuesday, September 12, 2017

The USDA shocked the world by raising yield for both corn and soybeans.  At 169.9 bushels/acre, this marks the 2nd largest yield in history and will lead the US to raise the third largest corn crop by way of total production.  Soybean yield also rose to 49.9 bpa.  But, when laid against additions to demand, ending stocks remained the same.  Wheat numbers were left unchanged.&nb...

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