So far April and May have shown considerable amounts of market volatility. This all started with the USDA’s release of their Quarterly Stocks and Planting Intentions Report on March 28th. This is historically a much anticipated report as it gives us a bench mark for grain stocks (as
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Your Cooperative Blog
Wheat Growers Insights for Field and Farm
Posts In the Grain Category
Grain Stocks and Market Reaction
May.
6
Taking Advantage of Market Volatility Around USDA Report Releases
Apr.
10
Today's USDA release of the April Supply/Demand report again provided us ample amounts of market volatility just seconds after the first numbers hit the news wires. What a great opportunity for filling a Working Target Order!
One thing
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Winter Grain Marketing Meetings
Feb.
5
Join us for the Wheat Growers 2013 Winter Grain Marketing Meetings, "Staying Afloat in a Sea of Volatility" featuring Tregg Cronin, CHS Hedging.
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Keeping Grain Quality & Safety a Top Priority into the New Year
Dec.
14
Combines are put away, bins are full, and it’s starting to feel like winter out there. As the seasons have changed, we have been seeing some grain going out of condition despite going into the storage bin at very low moisture levels. Don’t forget to monitor the grain you have in
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August 10 USDA Supply/Demand Estimates
Aug.
9
Tomorrow morning at 7:30 the USDA will release it's August WASDE (World Agricultural Supply and Demand Estimates) report.
Will we see them drop their production numbers to levels the market has been trading? What will they do with projected ethanol grind, feed
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July 30th Crop Condition/Progress Report
Jul.
30
Weekly Crop Conditions released this afternoon showed a continued drop in Corn and Soybean conditions - not surprising. Corn was down 2 percentage points in the Good/Excellent category this week to 24%. Most notable changes were MN down 5% (rated 56% G/E) and SD down 4%, but one
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July 11th USDA Supply/Demand Recap
Jul.
11
The USDA aggressively cut the US Corn yield by 20 bu/ac from their June estimate, now figuring 146 bu/ac. This drops production by 1.82 billion bushels. Total usage was lowered by 1.055 billion bushels with ethanol grind lowered by 100 million bushels, exports down 300 million, and
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July 9th Crop Conditions/Progress Summary
Jul.
9
Today's Crop Progress/Conditions were released inline with market expectations - lower ratings on continued dry and warm growing conditions. Corn was down 8% from last week and now rated at just 40% Good/Excellent. This relates to 69%
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June 25th USDA Crop Conditions/Progress Report
Jun.
25
This afternoon's USDA Crop Conditions Report was out and as expected both Corn and Soybean ratings were lower than last week. Corn was down 7% nationwide now rated at 56% Good/Excellent. Most notable changes were: Illinois (Down 15%), Indiana (Down 10%), and Missouri (Down
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June 18 Crop Conditions
Jun.
18
Today's Crop Conditions were out and were lower as expected by the trade today. Nationwide corn was down 3% in the Good/Excellent category from last week at 63%. Most notable declines were in Indiana (down 12%), Ohio (down 11%) and Nebraska (down 8%). South Dakota was
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June USDA Supply/Demand Report Items
Jun.
11
Here are the Average Trade Guesses for some key portions of tomorrow's June USDA S/D report that will be released @ 7:30 am. Last month's numbers are also referenced in parenthesis.
2011/2012 Ending Stocks
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Expanded Trading Hours for Grains
Jun.
6
As of May 20, 2012, the commodity markets trade 21 hours per day beginning in the late afternoon at 5 pm and trade continuously until 2 pm the following afternoon. We no longer have the anticipation of “Where will the market open at 9:30?” personally I miss that.
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Target Orders
Feb.
10
Friday, February 10, 2012
Shelley Fuerst, Grain Originator
Target Orders are a great way to take advantage of this very volatile market. By having your order in place, you don’t have the stress of trying to catch what may be a very short lived rally. These
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Wheat Growers Local Market Recap - for the week ending January 13th, 2012
Jan.
13
After what seemed to be an impressive start to the week on Monday, with some more speculator buying based on the Argentina dryness, only ended in heartbreak after the bearish USDA report on Thursday left many traders running from the grain market. At the end of the week Corn was Down 44 cents, Soyb
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Wheat Growers Local Market Recap - for the week ending January 7th, 2012
Jan.
7
Funds continued to buy into the Argentina dryness throughout the week again, up until Thursday in which a decent amount of moisture is forecasted to come into the area late Monday through Wednesday. With this news and funds looking to take some profits off of the table the markets started to retrea
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Wheat Growers Local Market Recap - for the week ending December 31st, 2011
Jan.
3
It was an excellent way to bring in the New Year as we saw all grain commodities finish the week in the green on continued dryness in Argentina, which has been crippling the crops in the area. Throughout the week there was heavy producer selling, on account of many wanting to take advantage of thes
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Wheat Growers Local Market Recap - for the week ending December 25th, 2011
Dec.
27
With all eyes were on South America last week as a lack of rains in Argentina and Brazil have been adding support to the market as these two countries are looking at a reduction in production and we could see a shift of Chinese purchases to the U.S. This week everyone will be continuing to look at
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Wheat Growers Local Market Recap - for the week ending December 17th, 2011
Dec.
18
Outside market weakness weighed down commodities early on in the week. However, the market had a small amount of bullish support with drought fears in South America possibly cutting production. In order for this small pop of bullish support to continue, it will depend on whether or not South Ameri
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Wheat Growers Local Market Recap - for the week ending December 3rd, 2011
Dec.
5
Outside market strength provided support to commodities early on in the week. However, the market was soon weighed down upon by yet another disappointing export sales report, rumors of a bumper Corn crop in China, and then South America received some much needed rain in their dry areas. By the end
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Wheat Growers Local Market Recap - for the week ending November 18th, 2011
Nov.
18
It was a rough week for the grain futures as funds continue to focus on macroeconomic influences to the grain market. We saw the funds sentiment turn increasingly bearish following the disappointing export sales report on Thursday. This was coupled with the continually improving new crop productio
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Wheat Growers Local Market Recap - for the week ending November 11th, 2011
Nov.
11
After an underwhelming USDA report was, for the most part, within trade guess estimates; it left traders with a neutral to bearish feeling on the grain market, as the market had factored in current USDA report results at these prices. By the end of the week we saw Corn end 17 cents lower and Winter
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Wheat Growers Local Market Recap - for the week ending November 4th, 2011
Nov.
4
After a week of hearing about the continuing EU problems and everyone waiting in anticipation for the November 9th USDA report, the grain futures markets did not do a whole lot. By the end of the week we saw Corn end 1 cent higher and Winter Wheat was 20 cents lower off of the December futures. Wh
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Wheat Growers Local Market Recap - for the week ending October 21st
Oct.
21
The grain futures were mixed this week as no real good news has come out to interest much fundamental trading outside of the choppy technical action we have been seeing. By the end of the week, Corn was 9 cents higher and Winter Wheat was 15 cents higher off of the December futures. While Soybeans
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Grain Power Probe
Oct.
12
Would you like to know exactly the quality of the grain in your bin is and what that grain is worth?
Wheat Growers offers a Bin Power Probe Service that will allow you as the producer to know exactly the quality of grain you have in your
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Will Crop Insurance Affect Winter Wheat Acres?
Oct.
4
Winter wheat planting has begun and so far the planting pace is dragging. With a severe drought ravaging through the southern states producers are opting to wait and see if much needed rain develops before putting the seed in the ground. The question that needs to be asked is,
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How will the market treat Green Beans?
Sep.
29
Combines are starting to roll in bean fields around the area. The frost has brought about the questions about potential discounts due to green, immature beans.
The market treats green beans as regular damage. At our SDWG locations, green beans will fall under total
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Market Carry
Sep.
28
Many of you have probably heard the phrase “carry in the market”. What does this mean and how can I use it in my marketing plan? Carry, in simple terms, means that the market is willing to pay you more for delivery tomorrow than it is for today. Conversely, the term inverse would
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Winter Wheat Protein Averaging
Jul.
26
Well after some rainy delays it looks like the winter wheat harvest is back on track in the Dakotas. Have you heard about the new protein-averaging program Wheat Growers is offering? Here are the details:
Effective July 19, 2011, we will be offering protein averaging for
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Top Contributors:
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Travis Antonsen
Producer Marketing Manager -
Jay Culver
Sales Agronomist -
Brad Ruden
Director of Agronomy Technical Services