Below you'll find a list of all posts that have been categorized as “Corn”
Country elevators own more grain than usual at harvest, and that can and likely will affect basis levels around the country. Officials at CoBank say some country elevators could end up owning over 50% of the local corn and soybean crops, versus a typical 35, maybe 40% at most. Many producers took advantage of the August rally that extended into …
Grain markets look to close lower for the fifth week in a row, November continuing the weakness that we saw in October. December corn on October 6th had just breached the $5 level. August rally was rolling over after reaching $5.50. Now here we are a month later, it’s been nearly a straight line down for five weeks in a …
Selling appears to have slowed in the corn trade for now, but the market lacks any catalysts in our view to encouraging buyers to step back in. Midterm election day, finally here, we can be thankful political campaign ads will be disappearing, but also thankful we have a right to cast our vote. Elsewhere, we are watching the corn trade …
Wheat Boom During the Civil War Gives Way to a Market Collapse During the Civil War, strong wheat prices encouraged many American farmers to plant more of the crop. With wheat bringing attractive returns, producers expanded acreage to take advantage of the favorable market. But the situation changed dramatically when the war ended. Wheat prices fell sharply, leaving farmers who …
Markets are back open today after the Columbus Day holiday, we’re keeping an eye on Wall Street and CME Group in Chicago. It looks like combines rolled well into the night across a wide area of the Midwest, but not in this area. Heavy rains flooding, halting the harvest and even some college football games. But you would not be …
Grain Storage Becomes a Growing Challenge As grain production expanded across the American Midwest during the mid-1800s, farmers faced a growing problem: they were producing more grain than they could immediately use or sell. Without adequate storage, farmers could be forced to sell their crops simply because they had nowhere to keep them. The development of additional grain storage capacity …
Grain trade will have a couple of hours to trade numbers from today’s monthly crop report, and then we’ll have to wait until Tuesday when markets reopen. Columbus Day holiday on Monday, markets will be closed, as well as banks, post offices, and government offices. Most analysts expect USDA to lower corn production from the September report. Average estimates have …
USDA makes price projections each February and what they think prices will be at harvest time for corn and soybeans. This year could be going against a longer-term trend. Corn and soybean harvest prices have exceeded those February projections just three of the last ten years, but this year different. Currently, 2026 corn harvest prices are 7 to 8 percent …
This is the time of the year producers begin to finalize plans for next growing season, even though the crop is not even in the bin yet, but begin to make plans and place seed orders for 2027. Changes continue in the seed business, keeping track of who owns what brands can be a full-time job. In 2019, for example, …
The end of the month and the end of the quarter could make for an interesting end to the week. Hard to believe we begin the fourth quarter tomorrow. We end the third quarter today with the quarterly grain stocks report. We expect few surprises, but it is always interesting to see how much grain is still on farm storage …
