News > Grain Blog >
Last week bean oil was the mover that took beans higher and this week it was the mover that took the bean market lower. Concerns over the biofuel program and crop friendly weather in South America tea...
A lot went on last week with the elections and WASDE report that came out Friday. There were fears somewhere in all of this they might break the markets lower. However, we ended the week nicely higher...
We saw a quieter week in the grain markets last week. Large export sales helped the corn market offset talk of a higher yield once everything is done and put away. Basis levels improved some as the ha...
There is currently a wide spread of basis levels. Northern Iowa plants are paying a premium for nearby delivery as harvest has wrapped up and producers are holding their stored grain. Down south, in o...
We are seeing some harvest price pressure as this huge crop moves to town. Storage space may become an issue as farm bins fill and the balance heads to town. This past week we lost 11 cents on Decembe...
Basis levels are getting wider as farmers finish the bean harvest and put the corn heads on. Corn yields in most of our trade area are running well above average. For some it could be a once in a life...
Harvest pressure is starting to affect basis levels as more than ample supplies are available for purchase. Carry has returned to the market and after some inverse years this is very welcome. &n...
Last week was an unusual early harvest week in the markets. We are looking at possible record production and yet we were strongly higher for corn and beans. December corn ended the week 16 cents highe...
Northern Iowa corn bids have been very attractive as they wait for new bushels and the available old crop is getting hauled to town. We should see some better basis levels in southern Iowa as the bean...
We survived the September crop report last week without a lot of trouble. They raised the corn yield by half a bushel to 183.6 while they recognized more exports which lowered the ending stocks 16 mil...
