July 31, 2012
Travis Antonsen
Producer Marketing Manager

Corn:  As of 7:30 Up 2
USDA Crop Progress report was released yesterday afternoon, and as expected Corn Good/Excellent ratings dropped 2 percentage points to 24% G/E.  There
[MORE]

July 30, 2012
Travis Antonsen
Producer Marketing Manager
 

Corn:  As of 7:30 Up 22
Disappointing rains over the weekend combined with the forecast for above normal temps to return this week has pushed the Dec contract to new
[MORE]

Morning Market Insight
July 27th, 2012
Drew Johnson
Grain Marketing Specialist

“Ninety percent of the game is half mental.” Yogi Berra

Corn
As of 7:45am Old crop up 6 New crop up 6

[MORE]

Morning Market Insight
July 26th, 2012
Drew Johnson
Grain Marketing Specialist

Corn
As of 7:40am Old crop up 2 New crop up 4

Values recovering from Tuesday’s losses as trade continue to wonder about final production numbers. Trade is
[MORE]

Morning Market Insight
July 25th, 2012
Drew Johnson
Grain Marketing Specialist

Corn
As of 7:40am Old crop up 9 New crop up 10

Yesterday there was some more general selling  in the markets, with corn touching limit down on the Sep
[MORE]

Morning Market Insight
July 24th, 2012
Drew Johnson
Grain Marketing Specialist

Corn
As of 7:40am Old crop down 14 New crop down 12
Yesterday we saw corn experience a general sell off. What’s to blame? There is a cool front that is
[MORE]

Morning Market Insight
July 23, 2012
Drew Johnson
Grain Marketing Specialist

Corn
As of 8:20amOld Crop down 18 New Crop down 15
Corn coming off its recent highs on forcasted rain and cool front coming in torwards the end of the week for the
[MORE]

July 20th 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:45- Sep 7 higher, Dec 14 higher

Heavy spreading noted yesterday, pushing Sep to all time highs leaving the Dec yet to break the $8 mark. No meaningful rain and hot
[MORE]

July 19th 2012
Brad Olson
Grain Marketing Specialist

I have attached 6-10 day weather forecast maps. It looks very similar to what we have been seeing throughout this entire rally.

[MORE]

July 18th 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:30- 5-6 lower

Corn market stabilizing after attempting the $8 level yesterday as trade debates US production.  6-10 day forecast showing some relief for parts
[MORE]

July 17th 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:30- 4 higher

A crop rating decrease of another 9 pts good/excellent lead to a surge  to a new contract high last night of 7.88 1/4 on the Dec contract before
[MORE]

July 16, 2012
Travis Antonsen
Producer Marketing Manager

Corn:  As of 7:15 Up 27
For the 5th Sunday night in a row, corn traded higher and is nearing all time highs.  Hot and dry conditions over the weekend as well as a
[MORE]

July 12, 2012
Bill DesCamps
Grain Marketing Specialist

Markets seem to be stabilizing after a wild day yesterday.

Corn: At 7:43 +17
Corn saw a wild and crazy session in the aftermath of USDA’s July monthly S&D update.  USDA is
[MORE]

July 11, 2012
Bill DesCamps
Grain Marketing Specialist

Key USDA Report released at 7:30 trumps everything in the short run.

Corn: As of 7:48 +25
The trade reacted in bullish fashion shortly after the release of the USDA Report at 7:30 this
[MORE]

July 10, 2012
Bill DesCamps
Grain Marketing Specialist

Corn:  As of 7:42 Down 16
The news in the corn market this morning is the release by USDA of their weekly Crop Condition Report yesterday afternoon.  As expected, the report verified the damage
[MORE]

July 9, 2012
Travis Antonsen
Producer Marketing Manager

Corn:  As of 7:40 Up 36
Overnight markets shrugged off Friday’s sell off and are posting strong gains again this morning.  Scattered rains were noted thru the weekend,
[MORE]

 
Morning Market Insight

July 6, 2012
By: Lynn Miller – Grain Marketing Specialist

As much as I hate to say it, and as awesome as this rally has been, everything that goes up must come down.

CORN:  7:45 Trading -15

[MORE]

 
Morning Market Insight
July 5, 2012
By: Lynn Miller – Grain Marketing Specialist

I hope everyone had a chance to enjoy the 4th of July Holiday, now bad it’s back to the daily grind.  The Chicago Board of Trade will open today
[MORE]

 
Morning Market Insight
July 2, 2012
By: Lynn Miller – Grain Marketing Specialist

Tomorrow is America’s Birthday.  Most of us will have the day off to share in festivities with fireworks and barbeques with family and
[MORE]

July 2, 2012
Lynn Miller – Grain Marketing Specialist

CORN:  7:45 Old Crop trading +25, New Crop +22
Well, it did rain in the Eastern Corn Belt this weekend; however, with rains scattered and no end seen to the current heat during critical
[MORE]

June 29th 2012
Brad Olson
Grain Marketing Specialist
 

No major changes from USDA stocks/acreage report this morning. There is some moderate moisture working into parts of the Corn Belt over the weekend but most are skeptical until it actually hits the
[MORE]

June 28th 2012
Brad Olson
Grain Marketing Specialist
 

Some modest moisture has moved into the forecast for northern parts of the eastern corn belt. But will it be too little too late?

[MORE]

June 27th 2012
Brad Olson
Grain Marketing Specialist
 

Corn:  As of 7:30- 17 higher
 

I am beginning to feel like a broken record. Hot/dry forecast push grains higher, hot/dry forecast push grains higher, hot/dry forecast
[MORE]

June 26th 2012
Brad Olson
Grain Marketing Specialist
 

Corn:  As of 7:30- 13 higher
Persisting hot/dry weather sent the corn market limit higher yesterday. When looking at the weather models this morning both the 5 day and 6-10 day look to
[MORE]

June 25th 2012
Brad Olson
Grain Marketing Specialist

Below I have enclosed a 6-10 day precip and temp outlook map. That may be all we need to know this morning. Above average temps and below average moisture look to feed this weather market this morning.

June 22, 2012
Travis Antonsen              
Producer Marketing Manager

Corn: As of 7:30 Up 9
Commodity selling was the theme yesterday that seemed to start mid-morning and
[MORE]

June 21, 2012
Travis Antonsen
Producer Marketing Manager

Corn:  As of 7:40 Down 3
Markets are a little weaker overnight.  Outside markets are as well with Crude Oil down $0.70 at $80.75, Gold is down $16/ounce.  Good rains in
[MORE]

June 20, 2012
Travis Antonsen
Producer Marketing Manager

Corn:  As of 7:40 Old down 5, New down 12
Three things seem to be the main factors affecting the grain markets the past couple days: Weather (Rain chances), Weather(soil moisture),
[MORE]

June 19, 2012
Travis Antonsen
Producer Marketing Manager
 

Corn: Up 11 as of 7:30 am
Yesterday July Corn closed up 20 cents and up 28 cents on the December as the market put some weather premium back into
[MORE]

June 18, 2012
Travis Antonsen
Producer Marketing Manager

In addition to weather across the corn belt, many eyes were on Greece over the weekend as elections were held again to try and determine which party held control and direction over their government.  This
[MORE]

June 15, 2012
Shelley Fuerst
Grain Originator

Informa acreage estimate reports to be released mid morning.  Critical Greek weekend elections and general EU debt continuing to have a strong influence on the market and could panic world financial markets
[MORE]

June 14, 2012
Shelley Fuerst
Grain Originator

Informa will estimate US crop acres this Friday mid-morning. 
USDA will estimate planted acres on June 30th.

Corn:  7 am Both Old Crop and New Crop 6 Higher
Weekly
[MORE]

June 13, 2012
Shelley Fuerst
Grain Originator

5-day forecast precip maps are showing a sizable rain system impacting IA/NE/SD/MN to the tune of 0.75-2.90”. Areas SE of a line from Kansas City to Green Bay, including IL/IN/OH/MO, should remain dry. The
[MORE]

June 12, 2012
Shelley Fuerst
Grain Originator

USDA S/D Report this morning: 
• Corn ending stocks for 2011/12=851 (no change from May)
• Soybean ending stocks for 2011/12=175 (down from 210 in May)

[MORE]

June 11, 2012
Shelley Fuerst
Grain Originator

Crop ratings published this afternoon will likely decline and eastern prospects will deteriorate at an accelerating pace if the current forecast remains bleak. USDA will issue monthly Supply and Demand report tomorrow
[MORE]

June 8, 2012
Travis Antonsen
Producer Marketing Manager

Outside markets are weighing on commodities this morning following yesterday’s rally.  Weather is unchanged from yesterday with warm temps coming this weekend with a chance of rain on Monday for the
[MORE]

June 7, 2012
By: Bill DesCamps – Grain Marketing Specialist

Corn
At 7:50- 7-8 Higher

The Dow is up, Dollar down, and crude oil is 1.30 higher overnight.  These fundamentals, plus the biggest fundamental of all, weather, all point to a stronger
[MORE]

June 6, 2012
By: Bill DesCamps – Grain Marketing Specialist

The theme of yesterday’s grain market was the following; Funds liked the markets early, were spooked by talk of rain for the Midwest this week and weekend.  The funds LOVED the lower than expected
[MORE]

June 5, 2012
By: Bill DesCamps – Grain Marketing Specialist

CORN: Up 1 at 7:45
Corn has been on a slow choppy ride to lower and lower price levels since last September.  We have absorbed record planted acres, ideal planting conditions, timely rains,
[MORE]

June 4, 2012
By: Bill DesCamps - Grain Marketing Specialist

CORN - 7:30 old Crop, New Crop

Grains seem to be shrugging off the generally weaker tone of the outside markets and are stronger on mostly dry weekend weather.  We have warmer temps
[MORE]

June 1, 2012
By: Lynn Miller – Grain Marketing Specialist

Is the Sun about to Set on our Commodities Super Cycle?   This is the question posed by Morgan Stanley yesterday.  History shows us that a decade of high commodity prices is followed by 2 decades
[MORE]

May 31, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  7:30 Old Crop trading Unchanged, New Crop -3/4

REMARKS:    Trade seems to be confused on which way to go in corn, especially the new crop.  Talk abounds about
[MORE]

May 30, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  7:30 Old Crop trading Unchanged, New Crop +1/2

REMARKS:

USDA’s crop progress report validated everyone’s fears with a fairly dramatic 5% drop in crop
[MORE]

May 28, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  8:15 Old Crop trading +1/4, New Crop -4

[MORE]

May 25th 2012
Brad Olson
Grain Marketing Specialist

Grain Markets will be closed Monday in honor of Memorial Day. Trading will resume Monday night at 7:00 p.m.

Corn:  As of 7:40- 5 to 6 higher

The corn market took a little beating
[MORE]

May 24th 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:40- basically unchanged

Corn rebounding slightly yesterday after weekly ethanol production reported at 919k vs 904 the previous week. Ideas of the down swing Tuesday
[MORE]

May 23rd  2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:40- unchanged to 1 lower

A wetter forecast for the Midwest and favorable progress/conditions had funds tripping over themselves yesterday selling up to an
[MORE]

May 22nd 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:40- 8 lower

USDA planting progress has corn at 96% planted compared to a 87% last week, 75% last year and an average of 81%.  With planting all but wrapped up
[MORE]

May 21st 2012
Brad Olson
Grain Marketing Specialist

Today will be the first day of CME’s new 21 hr trading format. Hours will be from 5:00 pm. cst to 2:00 p.m. cst Sunday night thru Friday afternoon.

Corn: As of 7:40 trading July 2 higher, Dec 6
[MORE]

Pre-Opening Comments
May 18, 2012
Shelley Fuerst, Grain Marketing Specialist
 

Weather is acting as the driving force in the grain markets as the hot and dry conditions are persisting with only chances of scattered moisture in the forecast.  Last
[MORE]

Pre-Opening Comments

May 17, 2012

Shelley Fuerst, Grain Marketing Specialist

A weaker tone prevailed in the macros with crude oil ending the day at fresh 5 ½-month lows, gold at new low for the year, and the US dollar nearing its January highs while
[MORE]

Pre-Opening Comments
May 16, 2012
Shelley Fuerst
Grain Marketing Specialist
Macro financial influences continue over Greek and EU debt situation.  Weakness in the Brazilian currency could hamper the upside potential for commodity prices to the
[MORE]

May 15, 2012
Shelley Fuerst
Grain Marketing Specialist
 

Outside markets with weaker crude oil again and a stronger dollar weighed on the market's ability to rally.

Corn:  Old Crop & New Crop Up 5
Corn
[MORE]

Monday, May 14, 2012
Shelley Fuerst
Grain Marketing Specialist

Expect grain prices to find direction from the global economic news.
• Greeks fail to form a new government and rumors or their government running out of money
• JP
[MORE]

May 11, 2012
Bill DesCamps
Grain Marketing Specialist

Corn - Down 2

Yesterday the USDA released numbers that has placed a very large burden on corn futures prices.  In the report USDA estimated this year’s national average corn
[MORE]

May 10, 2012
Bill DesCamps
Grain Marketing Specialist

Opening Calls Post USDA Report

Corn down 10

Beans up 10

Wheat down 10

USDA Cuts Soybean Ending Stocks Forecast; Says More Corn Stocks. The U.S.
[MORE]

May 9, 2012
Bill DesCamps
Grain Marketing Specialist

Corn
Down 3

July corn futures found some support in April around the 5.91 area and have been working ever so slightly higher since that point.  We are all aware by now that a good amount of
[MORE]

May 8, 2012
Bill DesCamps
Grain Marketing Specialist

CORN: Old Crop up 7, New Crop up 2 

Corn market is rebounding in front of Thursday’s all important USDA Report.  Yesterday I had the opportunity to talk about market
[MORE]

May 7, 2012
Bill DesCamps
Grain Marketing Specialist

Corn
Down 4

World stock markets are being pummeled by election results in Greece and France that heighted uncertainty about Europe’s ability to solve its debt crisis.
[MORE]

Pre-Opening Comments

May 4, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:   +2 Old Crop,  -3 New Crop

[MORE]

 
Pre-Opening Comments

May 3, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  Unchanged

[MORE]

 
Pre-Opening Comments

May 2, 2012
By: Lynn Miller – Grain Marketing Specialist

As I write these comments the dollar is trading up 400 points and crude down $0.50.  This will pressure commodities at least at the
[MORE]

 
Pre-Opening Comments
May 1, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  -5

[MORE]

 
Pre-Opening Comments
April 30, 2012
By: Lynn Miller – Grain Marketing Specialist

CORN:  Unchanged

REMARKS:

Fundamentally the corn market just feels like it’s in the middle of one big tug-o-war
[MORE]

April 27th 2012
Brad Olson
Grain Marketing Specialist

Corn: old crop 5 higher, new crop 2 higher

Old crop/new crop spreading was noted yesterday as export sales reported on the high end of expectations competed against fast planting progress.
[MORE]

April 25th 2012
Brad Olson
Grain Marketing Specialist

Corn: 3 higher

Yesterday despite an announcement of 420tmt sold to unknown 12/13 crop, 172 12/13 crop and 90 11/12 crop to China we could not hold onto to early gains. Weekly ethanol production
[MORE]

April 25th 2012
Brad Olson
Grain Marketing Specialist

Corn: 3 higher

News of the first case of mad cow since 2006 and forth ever in the US found in a California dairy cow sent the livestock market limit lower spilling over to the corn trade by
[MORE]

April 24th 2012
Brad Olson
Grain Marketing Specialist

Corn: 2 higher

Continued Chinese purchase rumors pushed us higher yesterday and look to carry though again today. Have we found the relative price that makes US the best option? Planting
[MORE]

April 23rd 2012
Brad Olson
Grain Marketing Specialist

Corn:  unchanged

Expected modest increase in planting pace this evening with forecast showing cool wet conditions in some spots this coming week along with possibility of frost damage.
[MORE]

April 20th 2012
Brad Olson
Grain Marketing Specialist

Corn:  Old crop up 4, New Crop unchanged
 

Rumors of China purchasing old crop corn had the market recovering what we had lost the prior day. Purchase size rumored to be anywhere from
[MORE]

April 19th 2012
Brad Olson
Grain Marketing Specialist

Corn:  10 higher
 

May corn taking the biggest hit yesterday settling 15 lower after finding support at the January low. Dec down just 1 cent as continued thoughts of early plantings
[MORE]

April 18th 2012
Brad Olson
Grain Marketing Specialist

Corn:  2 lower
Planting Progress yesterday out at 17% vs 7% last week and a 5 year average of 5%. This was on the low end of expectations but still a brisk pace. Most notable progress was made in
[MORE]

April 17th 2012

Brad Olson - Grain Marketing Specialist

Yesterday’s scheduled USDA crop progress was postponed due to power outages in Washington DC. Expectation is for a record planting pace.

Corn: unchanged

Corn has struggled of late on early
[MORE]

Pre-Opening Comments
Wednesday, April 11, 2012
Craig Haugaard, Grain Origination Manager
 

Corn: 2 higher
 

Remarks:  In the
[MORE]

Pre-Opening Comments
Tuesday, April 10, 2012
Shelley Fuerst, Grain Originator

Corn:  2 Lower

USDA Supply and Demand report virtually unchanged to corn.
With today being the first plant day for corn in South Dakota, it
[MORE]

April 9, 2012
By: Craig Haugaard, Grain Origination Manager

CORN:  unchanged 

REMARKS:
We have the USDA Supply/Demand report tomorrow morning and the smart money seems to be betting that the report will show a reduction in the ending stocks
[MORE]

April 6, 2012
By: Craig Haugaard, Grain Origination Manager

The markets are closed today for Good Friday.

CORN:  unchanged

April 5, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: I had to be on the road early this morning but expect the market to open in line with the overnight close.
REMARKS:
I had a few ladies yesterday email and tell me they would like to meet my slow
[MORE]

April 4, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old Crop 2 higher New Crop 2 lower
REMARKS:
Before we get started on the markets this morning I have to tell you that my slow cousin Jimmy dropped by the house last night. After the Christmas
[MORE]

April 3, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old Crop 2 higher   New Crop unchanged 

REMARKS:
Old crop and new crop corn are very much two distinctive markets.  Probably the year that is most like this
[MORE]

April 2, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old Crop 2 higher       New Crop 1 lower
REMARKS:
Coming into Friday’s report we had seen substantial fund selling as they lightened up their positions ahead
[MORE]

March 29, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 5 lower 

REMARKS:
All I can say is thank God that the Chinese showed up yesterday.  An announcement came out that they had purchased six cargoes of corn for May and June
[MORE]

March 28, 2012
By: Craig Haugaard, Grain Origination Manager
 

CORN: 2 higher
REMARKS:

 My comments will be briefer this morning than they were yesterday.  When I got home last night my wife said, “What were you trying to
[MORE]

March 27, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 4 higher 

REMARKS:
Yesterday we kicked these remarks off by talking about the inverted corn market and the need, as I see it, to develop a marketing strategy for selling the
[MORE]

March 26, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 1 lower
REMARKS:
Every once in awhile my slow cousin Jimmy says something that makes sense. This week-end he happened to stumble into one of those moments. We were talking about grain prices and
[MORE]

March 23, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 4 higher 

REMARKS:
We have the dollar trading lower this morning which should be positive for the commodities in general today.  We have some fresh numbers from Argentina this
[MORE]

March 22, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 1 lower 

REMARKS:
Not a great deal of fresh news in this market.  We continue to hear reports of corn being planted across the fruited plains with even one report of it going
[MORE]

March 21, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 3 lower 

REMARKS:
We had a trifecta of negative news that hit the market like a tsunami yesterday.
1)  The Saudi Arabia Oil Ministry announced that they would make up
[MORE]

March 20, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 9 lower 

REMARKS:
He rocks by the computer all day long
Hoppin' and a-boppin' and a-singin' his song
All the little traders on LaSalle Street

[MORE]

March 19, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 5 lower 

REMARKS:
There is nothing special going on in the outside markets this morning with crude oil slightly higher and the dollar slightly lower as I write this.  We did have
[MORE]

March 16, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 2 lower 

REMARKS:
For the past few weeks my oldest son has been at Ft. Benning going through Airborne School.  He is graduating today and while I can’t be there I
[MORE]

CORN: 3 higher
REMARKS:
The answer to yesterday’s little trivia question was that Tom Netherton sang with the The Lawrence Welk Show.  It also turns out he is a Minnesota kid and he is still available to perform if you so desire.  Now, on to the corn.

[MORE]

 CORN: 4 lower
REMARKS:
Yesterday the market was all a twitter with word that unknown had purchased some more old crop corn.  The last time I had seen that particular type of buzz was when my Mom and the other ladies of the Canby, MN AAUW scored some hot
[MORE]

Brad Olson

Mar 13th 2012

Corn: Old Crop 2 higher, New Crop unchanged

Rumors of Chinese buying interest led the way yesterday. Any additional exports on top of what some belief is an underestimated corn use for ethanol estimate by USDA would pressure a
[MORE]

I apologize for the multiple Pre-Opening comments sent out today. Today's correct Pre-Opening Comments are below.  Sorry for any confusion this may have caused.

CORN: 2 lower
REMARKS:
Well, I have to admit that
[MORE]

CORN: 2 lower
REMARKS:
Well, I have to admit that I am a little surprised by this morning’s numbers.  Let’s start with the 2011/12 carryout which was left unchanged at 801 million bushels.  The average trade guess coming into the report was 784 with most
[MORE]

CORN: 4 higher
REMARKS:
When my slow cousin Jimmy gets mad his face turns red and when he speaks his voice is very loud, kind of shaky and he spews a great deal of moisture out of his mouth in the process.  Anyone unfortunate enough to be standing in front of him when he
[MORE]

Mar 6th 2012

Brad Olson

Grain Marketing Specialist

Corn: 8 lower

The corn market just doesn't seem to want to break out as we seem to debate current stocks vs the impact of a large 12 acreage number. We will look to
[MORE]

Pre-Opening Comments
By:  Shelley Fuerst, Grain Originator
Monday, March 5, 2012

Crop Insurance Rates set on February 29th favor corn over soybeans if producers review the base price purely on risk protection; corn 5.68, soy 12.55 and spring whet
[MORE]

March 2, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old Crop 3 lower     New Crop 1 higher

REMARKS:
To paraphrase that great philosopher Tommy Boy, I can get a good look at a T-bone by sticking my head up a
[MORE]

March 1, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 3 lower 

REMARKS:
I would like to kick things off this morning by noting that the dollar posted a key reversal to the upside with yesterday’s close.  Will this be the
[MORE]

February 28, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 2 higher
REMARKS:
Since we have spent a lot of time lately being influenced by stories coming out of South America we may as well start there again hits morning.  A private analyst has
[MORE]

February 27, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
We have crude oil lower this morning which may put some pressure on corn at the open but the headline that is grabbing my attention this morning is a Reuters story with the
[MORE]

February 24, 2012
By: Craig Haugaard, Grain Origination Manager
 

CORN: 5 lower
REMARKS:
Let’s kick this off this morning by looking at the acreage projections the Ag Forum has given us.  They are using a planted acres number of 94
[MORE]

February 22, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 3 lower 

REMARKS:
With the Ag Forum quickly approaching the cold reality of what that event will probably show us hit the market like a deluge of ice cold water
[MORE]

February 21, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 6 lower 

REMARKS:
As I looked in the mirror this morning it occurred to me that today is Fat Tuesday, hope you have a great day.  As far as corn goes it appears as if it may
[MORE]

February 20, 2012
By: Craig Haugaard, Grain Origination Manager

The futures market is closed today in honor of President’s Day.   Oh to have leaders like Washington and Lincoln once again.

[MORE]

February 17, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old Crop 5 higher    New Crop 1 higher 

REMARKS:
Corn was the beneficiary of profit taking as traders actively bought corn and sold beans as they unwound spreads and
[MORE]

February 16, 2012
By: Craig Haugaard, Grain Origination Manager
 

CORN: 2 lower
REMARKS:
From a fundamental news standpoint yesterday was not all that bad.  The weekly ethanol numbers were surprisingly strong and we had South Korea step in
[MORE]

February 15, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: unchanged

REMARKS:
OK, so it turns out that the feeling that I had yesterday that I was supposed to do something was probably related to the fact that it was Valentine’s
[MORE]

February 14, 2012
By: Craig Haugaard, Grain Origination Manager

Did you ever have the feeling that you were forgetting something important?  I have had the feeling all morning that I was supposed to do something today but I’ll be darned if I can remember what it
[MORE]

February 13, 2012
By: Craig Haugaard, Grain Origination Manager

CORN:  Old Crop 5 higher    New Crop 3 higher

REMARKS:
The world financial situation may be a significant market force today.  On Friday we saw the S & P
[MORE]

February 9, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 3 lower

REMARKS:
Well, it’s official now.  For the second straight month the average trade guess was to take the carry-out below the 800 million bushel barrier and for
[MORE]

February 8, 2012
By: Craig Haugaard, Grain Origination Manager

CORN:Old crop 5 higher   New Crop 1 higher

REMARKS:
When I was a kid I loved watching the old westerns.  One of the things they did really well was to set the mood
[MORE]

February 7, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 4 lower

REMARKS:
The trade spent much of yesterday being influenced to one degree or another by three factors and the same three will probably be in the driver’s seat again
[MORE]

February 3, 2012
By: Craig Haugaard, Grain Origination Manager

CORN:Old crop 1 higher    New Crop 1 lower

REMARKS:
I have been spending way too much time reading export projections because last night I dreamed that Tom Vilsack
[MORE]

February 1, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 9 higher

REMARKS:
With wheat charging higher yesterday corn assumed the coat-tails position for a change.  The fear of wheat damage in Europe coupled with ongoing fears of a
[MORE]

 
Pre-Opening Comments

January 31, 2012
By: Lynn Miller, Grain Originator-Grebner

We would like to apologize for how late these comments are out today.  A computer glich has our resident marketing guru left a drift on the road. 
[MORE]

January 30, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 8 lower

REMARKS:
This morning it appears as if we will have a pure weather market that we are dealing with.  The forecast for South America is for cooler and wetter weather
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Jan 27th 2012

Brad Olson

SDWG Grain Originator

Corn - 4 higher

Yesterday had the corn market in positive territory the bulk of the session on good weekly exports before  a round of selling pressure came
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January 25, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: Old crop 3 higher  New Crop 2 lower

REMARKS:
I have been sitting here this morning trying to think of a good analogy for the stupidity which we have seen on display lately
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January 24, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 4 lower

REMARKS:
Disappointing rains were the main feature of the trade yesterday.  Also helping the cause was continued fears over the Iranian saber rattling which had
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CORN:  6 higher
REMARKS:
We are back to playing the South American weather game again this morning.  Rains over the week-end were termed “disappointing” and although there is rain in the forecast for later this week all we needed to push the grains higher
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Jan 20th 2012
Brad Olson
SDWG Grain Originator

Corn –unchanged

Sales to Mexico and South Korea, weaker dollar index and a strong weekly ethanol production had corn gaining back Wednesday’s losses yesterday. A stocks/use ratio of 6.7% vs. 8.6% a
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Pre-Opening Comments

January 19, 2012
By: Lynn Miller, Grain Originator-Grebner

A weaker dollar and crude up over $1.25/barrel should be supportive for commodities on the open.  Better than expected EU debt sales and a large fund short
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January 17, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 8 higher

REMARKS:
Coming off of a three day week-end it is always a little dicey to try and determine which way the market is going to go but I suspect we now have the USDA
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The markets are closed today for Martin Luther King, Jr. Day.

January 13, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 4 lower

REMARKS:
Based on the markets yesterday it looks as if Friday the 13th came a day early.  With an increase in the national average yield and production with
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January 12, 2012
By: Craig Haugaard, Grain Origination Manager

CORN:  Out of the market until the open

REMARKS:
I will start by saying that SDWG is out of the market this morning until the open.  That probably tells you all you need to
[MORE]

 
Pre-Opening Comments

January 11, 2012
By: Lynn Miller, Grain Originator-Grebner

A stronger dollar and weaker crude will weigh on commodities today.

CORN: 5 Lower

[MORE]

January 10, 2012
By: Craig Haugaard, Grain Origination Manager

I would like to remind you that Wheat Grower annual meeting is this week.  Today we will be at the Dakota Event Center in Aberdeen and then on Wednesday, January 11 we will be meeting at the Crossroads in
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January 9, 2012
By: Craig Haugaard, Grain Origination Manager

I would like to remind you that Wheat Grower annual meeting is this week.  Tomorrow, January 10 we will be at the Dakota Event Center in Aberdeen and then on Wednesday, January 11 we will be meeting at the
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Brad Olson
Grain Originator
Jan 6th 2012

Corn: 4 higher
 

Corn market looks to open a little stronger recovering from yesterday’s weakness from a stronger dollar index and South American rain. Weekly export sales this morning at 299 vs
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January 5, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 6 lower

REMARKS:
I find myself wishing I was a radio DJ this morning because I have had an overwhelming urge to play Summer in the City by the Loving Spoonful and dedicate it to the fine
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January 4, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 1 higher

REMARKS:
When my kids were little they could, at times, be little jerks.  One of the things that irritated me the most was when one of them would try to tell something to the
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January 3, 2012
By: Craig Haugaard, Grain Origination Manager

CORN: 3 higher

REMARKS:
I think my slow cousin Jimmy could call this market today.  As I pen these words crude oil is up over two bucks a barrel, the dollar is down sharply and they
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Friday Dec 30th 2011
Brad Olson
SDWG Grain Originator
 

Due to the New Year’s Holiday the grain markets will not be open Monday and Monday night the 2nd. Trading will resume 9:30 Tuesday morning. 
 

Wheat Growers wants
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December 29, 2011
By: Craig Haugaard, Grain Origination Manager

CORN:  unchanged

REMARKS:
It is a wacky world these days.  We have the saber rattling in the Strait of Hormuz where Iran Naval Chief said yesterday, “Closing the Strait of
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December 28, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 3 higher

REMARKS:
We appear to be the beneficiaries of a drought in South America.  With disappointing rains over the week-end and a ten day forecast showing hot and dry
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December 27, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 1 higher

REMARKS:
We are all familiar with the 12 Days of Christmas but this morning I wanted to look at my own version, the first trading day after Christmas for the past 12
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December 26, 2011
By: Craig Haugaard, Grain Origination Manager
 

A number of you have been asking me what my slow cousin Jimmy has been doing lately and so with
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Pre-Opening Comments

December 23, 2011
By: Lynn Miller, Grain Originator-Grebner
Wishing you and your family a very  Merry Christmas and safe travels.  Markets and Wheatgrowers locations will be closed on Monday December 26th.

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December 22, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 1 higher

REMARKS:
It would be a bit simplistic to say that the markets are a one trick pony these days but the hard cruel fact is that the attention of the trade is glued to South
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December 21, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 4 lower

REMARKS:
A trifecta of terrific news drove the commodity prices higher yesterday.  Outside markets surged nicely with crude oil up in excess of $3/barrel while the
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They say a picture is worth a thousand words so what follows is a six thousand word opening comments.  The following are the seasonal charts followed by the 2012 new crop futures charts with the Fibonacci numbers drawn in.

December 19, 2011
By: Craig Haugaard,
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December 19, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 12 higher

REMARKS:
I had a chance to catch up on some reading over the week-end and came across an opportunity that some of you may want to take advantage of.  There is a
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December 16, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 1 higher

REMARKS:
I had a fellow call me up yesterday and ask me what I thought the markets were going to do.  After I got done giving my opinion he called me a Grinch. 
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December 15, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: unchanged

REMARKS:
I sometimes get the feeling that there are days in the market when the action has nothing to do with the underlying commodity.  That was the case with grains
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December 14, 2011
By: Craig Haugaard, Grain Origination Manager

Recently I had a friend from New York City come out and visit our state for the first time in his life.  I should preface this by saying that my friend grew up in New York City and has no familiarity with
[MORE]

 
Pre-Opening Comments

December 13, 2011
By: Lynn Miller, Grain Originator-Grebner

CORN:  3 Higher
REMARKS:
Fundamentally in the corn market we don’t have a lot going on and what is there is pretty much a mixed bag. 
[MORE]

Monday Dec 12th

Brad Olson, Grain Originator

Corn: 7 lower

Last weeks USDA report showing very little change domesticaly for corn and world production rising, notably from China, had corn on the defensive all session Friday. We
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Morning Comments
Friday, December 9, 2011
Shelley Fuerst, Grain Originator

USDA Supply and Demand overview calling grains lower on expected larger world crops with strong export competition.  Informa recently estimating new crop 2012 acreage:  corn 94
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December 8, 2011
By: Craig Haugaard, Grain Origination Manager

CORN:  3 lower

REMARKS:
I have heard from several of you lately that my comments have all been a little negative.  I didn’t think much about it until Tuesday when I was
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The Financial Times of London yesterday ran a story yesterday saying that Germany and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative credit watch. 
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December 2, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 1 higher

REMARKS:
As we get ready for today’s session to open I see that the dollar is a little lower, crude oil is higher and the S & P futures are trading higher so
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December 1, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 3 higher

REMARKS:
No sooner had I sent out yesterday’s comments than I heard that, metaphorically speaking, the USA was going to provide more ice cream to the
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I once had a guy tell me, “If you take a quart of ice cream and a quart of dog feces and mix them together, the result will generally taste more like the latter than the former.”  I was reminded of that yesterday as I read the news reports coming out of Europe.  Unless
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November 29, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: unchanged

REMARKS:
Let’s start with an assumption.  Let us assume that yesterday marked a change in direction for the
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November 28, 2011
By: Craig Haugaard, Grain Origination Manager

CORN:  10 higher

REMARKS:
The dollar is down sharply this morning and crude oil is up $2.95/barrel as I write this so we will in all likelihood have a higher opening and
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The outside markets held the key to commodities on Wednesday and I suspect that may be a trend that continues for some time.  Of particular concern to the markets at large on Wednesday was the fact that Germany tried to sell bonds and could only find buyers for 60% of what they were
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November 24, 2011
By: Craig Haugaard, Grain Origination Manager

The market is closed today.  We are Wheat Growers hope that you have a very Happy
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