2021.04.20 CFS Grain Update
Apr 20, 2021
The Corn and Soybean markets have been showing strength as we test contract highs and have been making new highs on some old crop and new crop contracts. The markets have been reacting to dry conditions and dry forecasts in southern Brazil growing regions, as well as cold temperatures in the US delaying planting and concerns for drought and dry forecasts for US growing regions.
Earlier this month the April WASDE Report left the soybean ending-stocks at 120 million but did lower the corn ending-stocks to 1.352 from the previous 1.502 billion bushels. Tight stocks and the lower March Acreage Intentions of 87.6 million soybean acres and 91.144 million corn acres there are concerns on stocks being even tighter a year from now if we do not see trendline yields and continue the export program we had this year. Our last December 21 recommendation to sell 10% at 4.98 futures just filled to get to 35-45% sold. Our soybean recommendation to sell 10% at 12.98 November 21 futures to move to 35-45% sold just filled. We have not had any official recommendations for new crop 22 corn, but it has traded around 4.75.
Currently ethanol and feed mills are the hot basis markets, with basis being positive in some locations. And with the inverted corn and bean markets we are seeing basis premiums on the July versus the May.
Earlier this month the April WASDE Report left the soybean ending-stocks at 120 million but did lower the corn ending-stocks to 1.352 from the previous 1.502 billion bushels. Tight stocks and the lower March Acreage Intentions of 87.6 million soybean acres and 91.144 million corn acres there are concerns on stocks being even tighter a year from now if we do not see trendline yields and continue the export program we had this year. Our last December 21 recommendation to sell 10% at 4.98 futures just filled to get to 35-45% sold. Our soybean recommendation to sell 10% at 12.98 November 21 futures to move to 35-45% sold just filled. We have not had any official recommendations for new crop 22 corn, but it has traded around 4.75.
Currently ethanol and feed mills are the hot basis markets, with basis being positive in some locations. And with the inverted corn and bean markets we are seeing basis premiums on the July versus the May.
Read More News
May 17, 2023
Highlights as of 5/16:
Corn:
Planting and weather conditions are the name of the game currently. With planting progress looking very favorable and the weather forecast showing above normal temps and below normal precipitation for much of the corn belt all signs point to very good planting conditions. With that, we gave up yesterday’s gains on old crop and put in some new lows on December corn.
Corn:
Planting and weather conditions are the name of the game currently. With planting progress looking very favorable and the weather forecast showing above normal temps and below normal precipitation for much of the corn belt all signs point to very good planting conditions. With that, we gave up yesterday’s gains on old crop and put in some new lows on December corn.
May 01, 2023
By Timothy Ollerich, Beef Specialist Cattle Nutrition
May is Beef Month!
I am proud to be a part of the cattle industry. Heart, dedication, and hard work are the words that come to mind when I think of the cattle industry. I am proud of our cattle producers as they put a lot of time and effort into raising, caring for, and providing a healthy, nutritious protein source to sustain our society.
May is Beef Month!
I am proud to be a part of the cattle industry. Heart, dedication, and hard work are the words that come to mind when I think of the cattle industry. I am proud of our cattle producers as they put a lot of time and effort into raising, caring for, and providing a healthy, nutritious protein source to sustain our society.