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Wheat Growers Insights for Field and Farm

Posted By Brad Olson

Morning Market Insight

12-14-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- steady

Corn perking up a penny from contracts lows and light actions overnight. Ethanol reports for the week ending 12/8 down slightly from the previous week to 1.089 mbpa
[MORE]

Morning Market Insight

12-13-17
Brad Olson
Grain Marketing Specialist

 

 

Corn: As of 7:45- 1 higher

The release of the USDA WASDE report at 11
[MORE]

Morning Market Insight

12-12-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 higher

Corn trading near contracts lows as we await todays USDA information. Export inspections landing firmly in the middle of the ave. trade estimate at 658.4. Mexico
[MORE]

Morning Market Insight

12-11-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 2 lower 


Path of least resistance this morning seems to lower as we await tomorrow’s USDA report. Little changes expected but stay tuned none the less.
[MORE]

Morning Market Insight

 11-8-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower


Harvest pushes forward as weather looks to be favorable for the last leg of combining. USDA reported a sale of 130 tmt to unknown yesterday as we
[MORE]

Morning Market Insight

 10-26-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- steady

Dec corn seems to just want to live around the 3.50 mark. Early gains yesterday faded as fund activity gave way to harvest pressure. Ethanol production reported
[MORE]

Morning Market Insight

10-25-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 higher


The corn market continues to inch higher overnight as fund activity seems to active as harvest ramps up. Early yields see to be mixed to a little better
[MORE]

Morning Market Insight

9-1-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 2 higher


Month end profit taking, fund activity, solid exports and a lack of hedge pressure noted as the cause of yesterday’s recovery after putting new lows in
[MORE]

Morning Market Insight

8-31-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower

The corn market continues to put lows in on give up sales, yield estimate increase and fund selling. Ethanol production reported at 1,042,000 barrels/day, down for
[MORE]

Morning Market Insight

8-30-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45-steady

Corn continued its slide lower touching the 3.47 cz7 area as the market searches for something new to talk about. Effects of Hurricane Harvey are being debated as
[MORE]

Morning Market Insight

8-29-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 2 lower

Despite a sales announcement to Mexico yesterday for 17/18 and solid weekly export inspections of 805.8 (range of estimates 650-850) the corn market couldn’t
[MORE]

Morning Market Insight

 8-28-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower

The corn market last weak continued to leak lower as nonthreatening weather and forecast have funds adding to their short. New lows again last night. Pro Farmer
[MORE]

Morning Market Insight


Brad Olson
Grain Marketing Specialist
7-7-17

 

Corn: As of 7:45- 3 higher

Weakness in the wheat complex along with a surprising increase in ratings kept corn on the defensive all day before settling modestly lower. 6-10-day
[MORE]

Morning Market Insight

7-6-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45-7 lower

The corn market remains rangebound as the market digests production estimates. Most expecting a slight decrease in ratings but a little surprised to see a national
[MORE]

Morning Market Insight

7-5-17
Brad Olson
Grain Marketing Specialist

 

Corn: open at 8:30- steady to a little better on weather

Monday’s shorter session was not anything near short on excitement. Front months rallied as much as 15c before settling 7 ½
[MORE]

Morning Market Insight

7-2-17
Brad Olson
Grain Marketing Specialist

SDWG would like to wish everyone a Safe and Happy Independence Day!!
Trading will end at 12:05 cst today and will
[MORE]

Morning Market Insight

June 9, 2017
Abbey Kittelson
Grain Marketing Specialist

Today’s USDA Report will be out at 11 am… contact your local Grain Marketing Specialist to get your targets working!

CORN: As of 7:45
[MORE]

Morning Market Insight

June 8, 2017
Abbey Kittelson
Grain Marketing Specialist

Friday’s USDA Report will be out at 11 am… contact your local Grain Marketing Specialist to get your targets working!

CORN: As of 7:45 – up 4

[MORE]

Morning Market Insight

June 7, 2017
Abbey Kittelson
Grain Marketing Specialist

CORN: As of 7:45 – up 4
Corn traded to the top of its trading range yesterday, but couldn’t quite break through. We have been stuck between 3.60 and 3.80 on
[MORE]

Morning Market Insight

June 6, 2017
Abbey Kittelson
Grain Marketing Specialist
USDA Supply & Demand Report coming out Friday. Contact your local Grain Marketing Specialist to get your targets working!

 

CORN: As of 7:45 – up 1
[MORE]

Morning Market Insight

5-11-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 2 lower

The news for the day yesterday was the crop report. US balance sheet showed nothing surprising for 16/17 or 17/18 but a combination of a decrease in 17/18 Global
[MORE]

Morning Market Insight

 5-10-17
Brad Olson
Grain Marketing Specialist


Yesterday gave us a mixed trade of a moderately higher soybean market, lower wheat complex and little movement for corn as we move into today’s crop report. USDA WASDE report released at 11 AM CST and
[MORE]

Morning Market Insight

5-9-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 higher

Export inspections out yesterday at 10 am showed to be a bit disappointing at 720,592 well below the expectations of 900-1200. With little change in the weather
[MORE]

Morning Market Insight

5-8-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower

Weather is seen to be front and center for the time being as we push through planting season. The main highlights seem to be the balance of swift planting pace in the
[MORE]

Morning Market Insight

4-13-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45-2 higher


A wetter forecast for the Midwest looking to slow planting pace helped keep the momentum higher yesterday along with spillover strength for the soy complex.
[MORE]

Morning Market Insight

3-17-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower


Good export sales kept corn in the black for the 3rd straight session. We are currently trending ahead of pace to meet USDA expected exports but we a have
[MORE]

Morning Market Insight

 3-16-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 2 higher


Yesterday was the 2nd session in a row to settle in the black for corn as momentum seems to shifting for the time being. All be it both days very
[MORE]

Morning Market Insight

 3-15-17
Brad Olson
Grain Marketing Specialist


Hope to see you all there!!

Corn: As of 7:30- 2 higher


Exports yesterday into
[MORE]

Morning Market Insight

3-14-17
Brad Olson
Grain Marketing Specialist


Hope to see you all there!!

Corn: As of 7:45- 1 lower


Export inspections yesterday
[MORE]

Morning Market Insight

 3-13-17
Brad Olson
Grain Marketing Specialist

 


Hope to see you all there!!

Corn: As of 7:45- 2 lower

With little new
[MORE]

Morning Market Insight

2-17-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 3 lower


After putting new highs in yesterday (3.80H) we struggled the rest of the session closing 5 ¼ lower. Disappointing export and political unrest noted
[MORE]

Morning Market Insight

1-20-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 4 lower

Corn being pressured overnight by soybeans and ideas Trumps talk of a 20% import tariff on Mexico. Mexico is in the top ten export destinations for US agricultural
[MORE]

Morning Market Insight

1-20-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- steady


Corn market settled a moderate 1 ¼ higher yesterday with help from an announcement of 110,400 ton of corn sold to unknown and all-time record high
[MORE]

Morning Market Insight

 1-19-17
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower

Corn traded in a relatively tight range both sides yesterday unable to keep up with soybeans. NC corn/bean ratio pushing to over 2.6 overnight leading to
[MORE]

Morning Market Insight

12-27-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 4 higher

Santa appears to be day late for corn longs this morning. Friday ended the day and the week lower shrugging off the announcement of 110.8 sale to unknown.
[MORE]

Morning Market Insight

9-30-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 3 lower

Export sales yesterday ended up less than expected and along with harvest pressure this market looks to be on the defensive going into this morning’s
[MORE]

Morning Market Insight

9-29-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 2 higher

Corn traded both sides yesterday before settling lower despite news of a rather large sale of 1,577 split between 16/17 and 17/18 to China. Ethanol data out
[MORE]

Morning Market Insight

9-28-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 2 lower

Relatively light news day for the corn market as turnaround Tuesday seemed to hold true this week. Harvest ramping up with a 5 day forecast favorable for
[MORE]

Morning Market Insight

9-27-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- steady

Monday brought us weakness across the trade and corn was no exception. Harvest and a forecast that looks favorable for harvest progress for the next 5 days
[MORE]

Morning Market Insight

 9-26-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 3 lower

Corn remains in last week’s tight 10c range. News that China has issued a 33.8% import tax on US ddg’s expected to make to make US not
[MORE]

Morning Market Insight

8-5-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 1 higher

Despite the announcement of a 129,000 mt sale yesterday corn settled on its low, 4c lower. Weekly export sales and ideas of increasing production ideas
[MORE]

Morning Market Insight

8-4-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 1 higher

Corn managed to post a minimal gain on a technical bounce as well as supported by the announcement of 290,000 mt sale to unknown yesterday. Yield/production
[MORE]

Morning Market Insight

8-2-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 1 lower

Pressure from the soybean market and the anticipation of crop conditions was the theme yesterday. The condition report was what was expected with overall crop
[MORE]

Morning Market Insight

8-1-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 3 lower

Corn market firmed Friday on spillover strength from the soy complex and a weaker $. Little new to talk about on a Monday morning as crop ratings this
[MORE]

Morning Market Insight

7-15-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 2 lower

This week we moved past the July WASDE report and right into weather. The market traded firm all the way until mid-day yesterday before it broke on some
[MORE]

Understanding The True Value Of Your Grain

As of this writing winter wheat harvest is in full swing and spring wheat right around the corner. Presently yields appear to above average, with good quality and varying levels of protein content. The increase in production has added to both the domestic and a global glut of wheat, causing
[MORE]

Morning Market Insight

7-1-16
Brad Olson
Grain Marketing Specialist

Wheat Growers would like to wish everyone a Safe and Happy 4th of July weekend!
There will be no trade on Monday- trading will resume Monday night

 

Corn: As of 7:45- 1 lower


[MORE]

Morning Market Insight

Acreage increased across the board which was a bit suprising for the corn market. Soybeans increased but not quite as much as the average trade estimate. Initial reaction has corn weaker, beans higher, and wheat mixed.

[MORE]

Morning Market Insight

6-30-16
Brad Olson
Grain Marketing Specialist

I’m going to keep this short and sweet this morning… The highly anticipated USDA acreage and stock estimates is out at 11am cst. This will be the focus for the day. I will update shortly after the
[MORE]

Morning Market Insight

 6-29-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 1 lower

The corn market traded stronger the bulk of the session yesterday on spillover strength the bean market before settling unchanged for the day. The market will look
[MORE]

Morning Market Insight

6-9-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 4 lower


Planting wrapping up and generally good crop conditions gave way to fears of hot/dry weather yesterday along with spill over support from soybeans. CN6 traded to
[MORE]

Morning Market Insight

6-8-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 2 higher

Crop conditions giving way to a hotter/drier forecast although we appear to have some moisture working into the 6-10- forecast. A softer dollar index and firm energies
[MORE]

Morning Market Insight

6--16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 2 lower

A warmer/drier 6-10-day forecast seemed to be the catalyst for yesterday’s move higher. July settled 9 higher, with Dec settling 10 ¼ higher. Export
[MORE]

Morning Market Insight

6-6-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 6 higher

Export sales released Friday due to Monday’s holiday showed another solid week of sales at 1.3, putting the week well above what was expected. WASDE report
[MORE]

Morning Market Insight

4-15-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 2 lower

A stout export sales number and continued fund activity kept corn in the black yesterday. We also have continued support hot/dry conditions stressing the corn crop in
[MORE]

Morning Market Insight

4-14-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 1 lower

Corn posting nice gains yesterday that look to have been, in large part, due to spillover strength from corn causes spec short covering. Funds estimated buyers of as
[MORE]

Morning Market Insight

4-13-16
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45-4 higher

After the release of a relatively benign WADE report yesterday, corn traded mixed before firming into the close. Carryout pegged at 1.862bb. Fund short covering noted as
[MORE]

Morning Market Insight

4-12-16
Brad Olson
Grain Marketing Specialist

USDA will be releasing WASDE information at 11 a.m. cst today

Corn: As of 7:45- 2-3 higher

Solid export inspections and a weak $ was not enough to keep corn positive yesterday as ideas of a
[MORE]

Morning Market Insight

4-11-16
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 lower

USDA releasing April WADE data tomorrow. There is some concern about dryness effecting Brazil’s second crop corn production, but production estimates
[MORE]

Morning Market Insight

3-11-16
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45-steady to 1 higher

A weak $, short covering and solid export business kept the corn market firm yesterday. Funds estimated buyers of 5000 contracts. Technically this
[MORE]

Morning Market Insight

3-9-16
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 1 lower

A modest close higher yesterday after trading lower overnight and into the morning on light short covering. The focus today will be the release of the USDA WASDE
[MORE]

Morning Market Insight

3-3-16
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 1 higher

After 6 long sessions lower May corn finally managed to close in the black yesterday a ½ c. The old saying “the journey of a thousand miles starts
[MORE]

Morning Market Insight

3-2-16
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- steady

Corn traded in a narrow 3 c range yesterday and a narrow 2 c range last night as we look for support at the contract lows of 3.54 ¼ K. Firmer equities and
[MORE]

Morning Market Insight

2-19-16
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- 1 higher

I’m feeling like a broken record this week. Another tight range of 2 ¾ cent range on continued lack of fresh news. USDA did announce a sale to Costa Rica.
[MORE]

Morning Market Insight

2-18-16
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- steady

Corn firmed again yesterday with a little help from outside markets. Crude oil settled over $30 and $ slightly softened. Some talk of vessel line ups in SA. Wait times seen as
[MORE]

Morning Market Insight

2-17-16
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- steady

Another narrow 4 ½ cent range closing ½ c off the high yesterday. Export inspection fell at 27.2 mbu within the range of estimates but still lower than the 36mbu
[MORE]

Morning Market Insight

2-16-16
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- 2 higher

Lack of any substantial fundamental news and tight trading ranges seemed to be the theme for the corn market last week. WADE was out and showed to have just minor tweaks
[MORE]

Morning Market Insight

Brad Olson

Grain Marketing Specialist

2-15-16

 

There will be no market today in observation of President's Day. CME trading will resume normal hours tonight.


[MORE]

January Crop Report Implications

One major component that the market uses to help discover price is USDA estimates or what many refer to as crop reports. USDA estimates many things in the ag sector and releases this data weekly, monthly, quarterly and annually. The reason I bring this up is because as of this writing USDA has
[MORE]

Morning Market Insight

12-24-15
Brad Olson
Grain Marketing Specialist

Wheat Growers would like to wish everyone a very Merry Christmas!

Trading Hours for today- CBOT will close at 12:05 pm and MGEX will close at 12:15 pm CST. Normal trading hours will resume Sunday night


[MORE]

Morning Market Insight

12-23-15
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- steady

Noted fund selling along with favorable SA weather pressured this market as we roll into the holiday trade. A bleak export picture isn’t helping bulls either. Funds were
[MORE]

Morning Market Insight

Brad Olson

Grain Marketing Specialist

 

 

Markets will be open today from 8:30 to 12:15 cst. 

Staff will be available during trading hours for your marketing needs.

Please contact myself at 605-352-4404 or the
[MORE]

Morning Market Insight

11-25-15
Brad Olson
Grain Marketing Specialist

Wheat Growers would like to wish everyone a Safe and Happy Thanksgiving
Market hours through the holidays
Today- normal hours
Thursday – closed day and night
Friday- 8:30
[MORE]

Morning Market Insight

11-19-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 higher

The corn market suffers from lack of fresh news keeping corn in a tight 4c range overnight. Ethanol production dropped a bit yesterday to 975k barrels per day. Export sales this
[MORE]

The Bins Are Full...Now What?

The Harvest has been bountiful and the bins are filling up or are already full. Now that we are venturing into late fall and early winter, do you have a plan for the grain in that bin? Prices have been depressed from what many have become accustomed to prior to the last couple of seasons. This
[MORE]

Morning Market Insight

10-30-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- steady

Little new news had this market trading in a 5c range yesterday and 2 ½c ranges overnight. Better export sales than we have seen over the past few weeks however does have
[MORE]

Morning Market Insight

10-29-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- steady

Talk of China halting US DDG imports along with modest harvest pressure weighed on the corn market yesterday. Many believe that the US farmer may sell that last 15-20% that gets
[MORE]

Morning Market Insight

10-27-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 lower

The corn market seen a bounce yesterday mainly on spillover strength from the wheat complex. Export inspections, yet again a disappointing 413,304 tonnes which was on the low
[MORE]

Morning Market Insight

10-26-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 lower

Corn posting modest gains on Friday primarily on the announcement of a 130,000 MT sale, harvest delays and slow farmer movement in the east. This market still remains range
[MORE]

Morning Market Insight

9-4-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 higher

Corn market lower once again yesterday as we look for support at the contract low of 3.57. Informa estimates at 168.8 bpa on 88.897 acres and total production at 13.688. This is the
[MORE]

Morning Market Insight

Brad Olson
Grain Marketing Specialist
9-3-15

 

Corn as of 6:30- 1 lower

Very little new news as this market wants to continue to drift lower as we edge closer to harvest. USDA will release new numbers next week. Will they adjust
[MORE]

Morning Market Insight

Brad Olson
Grain Marketing Specialist
9-2-15


Corn as of 7:30- 1 lower

Supply vs. Demand is the debate these days as the market tries to digest yield data and Chinese demand. The bull wants to talk anecdotal lower yield reports as the bear is
[MORE]

Morning Market Insight

Brad Olson

Grain Markeing Specialist

9-1-15

 

Corn as of 7:35- 3 lower

 

Corn managed to post slight gains after spending much of morning in the red. Solid export inspections and spillover strength from outside markets
[MORE]

Morning Market Insight

8-31-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 3 lower

The corn market seems to have found itself range bound as settled 2 c lower last week. With harvest on the door step or even begun in the south we appear to be in a wait and see mode
[MORE]

Morning Market Insight

8-18-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 lower

Pro Farmer makes its way into the second day of the tour today. Day 1 has OH at 148.37 bpa vs. USDA’s 168 and last yr at 182.11. SD at 165.94 bpa vs. USDA at 160 and last year at
[MORE]

How To Protect Your Late Season Rally

For much of this marketing year news has been nothing but doom and gloom. We appeared to have adequate and even growing stocks both domestically and globally. This weighed substantially on the market as prices slipped to levels we had not seen in quite some time. Since those lows were
[MORE]

Morning Market Insight

7-9-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 4 higher

Despite macroeconomic concern corn managed to settle into the black yesterday and into the night session. A weaker dollar and positioning ahead of tomorrow’s USDA report added
[MORE]

Morning Market Insight

7-8-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 lower

Corn lower yesterday but continuing to close towards to high end of the trading range. Favorable weather and conditions along with pressure from a firm $, the Chinese economy and weak
[MORE]

Morning Market Insight

7-7-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 7 lower

Corn managed to shrug off its early weakness to close near the high end of the daily range despite outside pressure from a sharp selloff in the crude oil market. Export inspections at
[MORE]

Morning Market Insight

7-6-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 10 lower

Slightly lower acres and stocks along with a condition rating slip helped fuel short covering last week with Sep settling 36c higher for the week and 66c off the June 15 low. There has
[MORE]

Morning Market Insight

6-24-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 3 lower

Lower crop ratings and strength from the wheat market led to the surge in corn yesterday despite a firm US $. Some private analysts paring 2015 yield estimates as wet weather persists
[MORE]

Morning Market Insight

6-11-15
Brad Olson
Grain Marketing Specialist

Reminder- if you are a voting member and haven’t yet voted on the NCFE/WG’s unification we would encourage you to do so. To ensure that your ballot will be received by the June 17th deadline
[MORE]

Morning Market Insight

5-15-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- steady

Corn closed higher for the 3rd day in row yesterday supported by a wheat market that exploded higher. Also lending support was Informa’s released of updated acreage estimates.
[MORE]

Morning Market Insight

5-14-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 3 higher

Yesterday was the second day in a row of positive closes for corn. A weaker dollar index and positive ethanol production helped the cause as we appear to maybe have put in a temporary
[MORE]

Morning Market Insight

4-12-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 3 lower

Light day yesterday as we continue to inch lower on favorable weather and planting progress. Planting progress estimated at 75% complete which was on the low end of expectation but
[MORE]

Morning Market Insight

5-11-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 lower

A fairly benign week last week as July corn gained 1c. Planting pace slowed from some much needed moisture for some. Progress expected to be 75-80% complete estimated this afternoon.
[MORE]

Morning Market Insight

3-20-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 2 higher

Another day of light news as we edge closer to the Mar 31st reports. This market had a hard time staying in the black once a firm dollar and weaker crude took over. Export sales
[MORE]

Morning Market Insight

3-18-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 2 higher

News of China buying Ukrainian corn along with technical weakness and pressure from outsides with crude posting another lower day kept the corn market on the defensive yesterday.
[MORE]

Morning Market Insight

3-17-15
Brad Olson
Grain Marketing Specialist

 

corrected spring wheat chart

Corn: As of 7:45- 2 lower

This is a market in need of some new fundamental news as we continue to drift lower. This may continue to be the case until
[MORE]

Morning Market Insight

3-16-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- unchanged

A firm dollar and lack of other fresh news had corn on the defensive Friday. Talk of Brazilian corn working into the US helped fuel the move as well. It appears that the trade will
[MORE]

Morning Market Insight

1-23-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- steady

Another day of light news as the dollar index sharply higher pressured grains across the board. The discussion has and will continue to shift to planting intentions. Right now the
[MORE]

Morning Market Insight

1-22-15
Brad Olson
Grain Marketing Specialist

Corn: As of 7:45- 1 higher

Corn continued its range bound trade again yesterday and into this morning. South Korea did buy corn but it was from the Black Sea area as US corn is not yet competitive enough in the
[MORE]

Morning Market Insight

In observation of Martin Luther Jr Day markets will be closed today. They will reopen tonight at 7 p.m. cst


[MORE]

Morning Market Insight

Jan 2nd 2015
Brad Olson
Grain Marketing Specialist
 

Corn: Called 4 lower

Welcome to the first trading day of 2015. Wednesday saw weakness in corn as the path of least resistance seemed to be lower on year end/ quarter end liquidation. Export
[MORE]

Morning Market Insight

Dec 31st 2014
Brad Olson
Grain Marketing Specialist

There will be no trade tonight; tomorrow and tomorrow night then back to normal trading Friday a.m.

Corn: As of 7:45- 1 lower

The announcement of 157.5 MMT of corn sold to Mexico
[MORE]

Morning Market Insight

Dec 30th 2014
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 3 lower

Strong export sales had corn in the black right at open but wasn’t enough to keep it there. Corn looks to continue its choppy trade as we work through the
[MORE]

Morning Market Insight

Dec 29th 2014
Brad Olson
Grain Marketing Specialist
 

Corn: As of 7:45- 1-2 higher

Post Christmas trade on Friday had corn erasing most of Wednesday’s losses being pulled higher by a firm bean trade. Really very little new news out there
[MORE]

Morning Market Insight

Nov 26th 2014
Brad Olson
Grain Marketing Specialist

Happy Thanksgiving!
Holiday Trading Hours: Today -normal hours, no trade tonight or tomorrow, Friday- 8:30-12:00 cst

Corn: As of 7:45- 2 higher

The corn market
[MORE]

Morning Market Insight

Nov 14th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 4 lower

Corn rallied again yesterday on continued concern over the remaining harvest and fund activity giving us our highest close since July. Ethanol production
[MORE]

Morning Market Insight

Nov 13th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 2 higher

Corn held on nicely yesterday but failed to close above the 3.81 mark that I had mentioned yesterday after the soy complex dropped off, we testing that
[MORE]

Morning Market Insight

Nov 12th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 higher

Worries about weather delaying the last 20% of harvest, spill over strength from the soy and meal markets along with fund activity have trading towards
[MORE]

Morning Market Insight

Nov 11th 2014
Brad Olson
Grain Marketing Specialist

Today is Veterans Day please take a moment to thank those men and women for everything they do for us.

Corn: As of 7:45- unchanged

Export inspections yesterday at 20.4mb and USDA did
[MORE]

Morning Market Insight

Nov USDA crop report data

Slight increase in soybean stocks and world stocks continue to grow

 


[MORE]

Morning Market Insight

Nov 10th 2014
Brad Olson
Grain Marketing Specialist

USDA Crop Production report release at 11 am CST


Corn: As of 7:45- 1 lower

The main focus today will be the release of the Nov USDA data. Ave yield guess is at 175.23 bpa and
[MORE]

Morning Market Insight

Oct 15th 2014
Brad Olson
Grain Marketing Specialist

Better Harvest Weather Ahead….

[MORE]

Morning Market Insight

Sep 26th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 1 lower

Light news day as 3.24 ¾ seem to hold for now. The next 5 days appears to good harvest weather but 6-10 day shows some moisture possibly
[MORE]

Morning Market Insight

Sep 25th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- unchanged

Corn was not lower yesterday! Rain fall slowing harvest progress led support yesterday but the next few days look favorable for progress.
[MORE]

Morning Market Insight

Sep 24th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 1 higher

I wish I had something new to talk about but once again solid yield reports pushed corn to new lows yesterday. Light rain looks to slow harvest
[MORE]

Morning Market Insight

Sep 23 rd 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 2 lower

Corn continued its slide on more of the same- solid yields and weather. USDA crop condition report yesterday afternoon had corn 90% dented vs.
[MORE]

Morning Market Insight

Sep 22nd 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 3 lower

The corn market continues to put in new lows on favorable harvest conditions and a firm $. Early yield numbers being tossed around out there
[MORE]

Morning Market Insight

Aug 20th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 3 lower

The corn market yesterday traded both sides before settling basically unchanged on spillover strength from the wheat market. Last night we traded
[MORE]

Morning Market Insight

August 19, 2014
Travis Antonsen
Producer Marketing Manager

If you are headed to Dakotafest today, stop by and visit us along seed row at booth SR14!

CORN: As of 7:45-3 lower

The ProFarmer tour kicked off yesterday and will conclude on Thursday
[MORE]

Morning Market Insight

Aug 8th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 2 lower

Ideas of a larger crop had corn erasing much of Wednesday’s gains. USDA will release monthly S&D numbers Tuesday with many thinking
[MORE]

Morning Market Insight

Aug 7th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 3 lower

A strong wheat market looks to be the driver of yesterday’s gains. Both Sep and Dec corn settled 7 higher. USDA announced a new crop sale of
[MORE]

Morning Market Insight

Aug 6th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- unchanged

Little news for corn these days as we continue to debate crop size. Informa released estimates yesterday at 168bpa with a total production of
[MORE]

Morning Market Insight

Aug 5th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 4 lower

Corn posting nice gains mostly on back of beans and wheat yesterday. Crop ratings dropped  2% good to excellent to 73% which was expected.
[MORE]

Morning Market Insight

Aug 4th 2014
Brad Olson
Grain Marketing Specialist
 

 

Corn: As of 7:45- 3 higher

Corn putting in new lows Friday on continued idea’s of a 170 bpa + type of crop. Funds estimated sellers of 9000 contracts which puts them
[MORE]

Morning Market Insight

June 18th 2014
Brad Olson
Grain Marketing Specialist
 

USDA will release acreage and stocks report June 30th…..


Corn: As of 7:45- 2-3 higher

Yesterday corn continued its move lower on more of the same thing we have
[MORE]

Morning Market Insight

June 17th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 1 lower

Corn continued its slide yesterday as it erased most the gains made late last week on generally good growing conditions. Exports inspections out at a
[MORE]

Morning Market Insight

June 11th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- OC 2 higher, NC 1 higher

The corn market rebounded modestly Thursday and Friday but still closed the week lower as little seems to threaten the crop. Informa
[MORE]

Morning Market Insight

May 1st 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 lower

End of the month profit taking and lack of fresh news had corn on the defensive yesterday. Funds sold 4000 for the day.Forecast looks to possibly give some
[MORE]

Morning Market Insight

May 30th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 4 lower

Slow planting progress and active fund buying fueled the corn market higher yesterday. Funds were estimated buyers of 5000 contracts. There does appear to
[MORE]

Morning Market Insight

May 29th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 4 higher

Mixed trade yesterday basically had corn settling a penny higher. The afternoon brought us USDA planting progress estimates of 19% vs. average estimates
[MORE]

Morning Market Insight

May 28th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 higher

Weather and planting seem to be the name of the game these days. Corn finishing strong for the week last week with nearby settling 12 ¼ and Dec 9
[MORE]

Morning Market Insight

April 18th 2014
Brad Olson
Grain Marketing Specialist

There are no markets today due to Good Friday
Wheat Growers would like to wish everyone a safe and Happy Easter
Trade will resume Sunday night at 7 PM

Corn:

Corn spent
[MORE]

Morning Market Insight

Mar 12th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 4 lower

The corn market found moderate strength yesterday on the Ukraine/Russia situation and fund buying. Funding are estimated purchasing 8000 contracts
[MORE]

Morning Market Insight

Mar 11th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- unchanged

By in large, the crop report yesterday was a little disappointing for corn with only a minor increase in exports of 25mbu bringing stocks down to 1456.
[MORE]

Morning Market Insight

 

 

 


[MORE]

Morning Market Insight

Mar 10th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 5 lower

Last week “Putin’s Push” gave May corn a 25c rally and in kind farmers were diligent sellers of this rally. This happened both locally
[MORE]

Morning Market Insight

Feb 13th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 1 higher

Corn continuing to chop around yesterday with oc months lower and Dec a couple cents higher. Old crop/new crop spreading noted on ideas of corn losing
[MORE]

Morning Market Insight

January 30, 2014
Travis Antonsen
Producer Marketing Manager

Corn: As of 7:45 – UP 3

Ethanol production for the week of Jan 24th released yesterday was at 900,000 barrels per day, down 5 from the previous week. With the natural gas prices and issues
[MORE]

Morning Market Insight

Jan 24th 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 lower

Cold weather leadings to ideas of temporary increase in feed use and slow farmer movement supported the corn market yesterday. Weekly ethanol production
[MORE]

Morning Market Insight

Jan 23rd 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 2-3 higher

We had another uneventful day in the corn market yesterday with just a 5 ½ c trading range. We really didn’t have anything new to talk
[MORE]

Morning Market Insight

Jan 22nd 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 2 higher

Corn managed to hold on to 1c gains in to the two front months despite the selloff in beans. Corn was supported by solid export inspections of 29.8
[MORE]

Morning Market Insight

Jan 21st 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 2 lower

Looks like the long weekend brought us some overnight weakness. Informa’s Friday estimates have corn plantings for 2014 at 93.3 which could be
[MORE]

Morning Market Insight

Jan 3rd 2014
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 1 higher

Corn trading lower yesterday on continued fears of MIR 162 issues in both corn and DDG’s along with spillover pressure from soybeans. We did trade
[MORE]

Morning Market Insight

Jan 2nd 2014
Brad Olson
Grain Marketing Specialist
 


Corn: Called- 3 lower

More of the same for the corn market on Tuesday- light volume, improving SA weather and continued concern over Chinese exports. Funds estimated net sellers of
[MORE]

Morning Market Insight

Dec 31th 2013
Brad Olson
Grain Marketing Specialist

Wheat Growers would like to wish everyone a safe and happy New Year.
Trading hours for the New Year’s holiday: Regular hours today. Closed tonight and will not reopen until Thursday 8:30 a.m.
[MORE]

Morning Market Insight

Dec 30th 2013
Brad Olson
Grain Marketing Specialist
 


Corn: As of 7:45- 3 lower

Light holiday trade on Friday giving us just a 3c range before settling 1 ¼ higher. Export sales were decent at 1.478mmt for 13/14 and 509.2tmt for
[MORE]

Morning Market Insight

Nov 29th 2013
Brad Olson
Grain Marketing Specialist

Trading Hours are from 8:30 a.m – 12:00 p.m. cst today. Normal trading hours will resume Sunday night.


Corn: 2 higher

Corn posting modest gains in all months except the Dec
[MORE]

Morning Market Insight

Nov 27th 2013
Brad Olson
Grain Marketing Specialist

Wheat Grower’s wishes you all a safe and Happy Thanksgiving! Please take this time to enjoy family and friends.

Market hours over the holiday:
Wednesday- normal
Thursday- no
[MORE]

Morning Market Insight

Nov 26th 2013
Brad Olson
Grain Marketing Specialist


Corn: As of 7:00- 5 lower

Corn closing modestly higher on solid export inspections of 30.2mb and spill over strength from soybeans. Harvest is 95% complete ahead of the 5 yr ave of 91%. My guess
[MORE]

Morning Market Insight

Nov 25th 2013
Brad Olson
Grain Marketing Specialist


Corn: As of 7:45- unchanged

There was little news last week for corn as we continue to look for direction. Light farmer selling has firmer nearby basis and spreads virtually taking all cash carry
[MORE]

Morning Market Insight

Oct 24th 2013
Brad Olson
Grain Marketing Specialist

I would say the weather forecast trumps market conditions for most of the readers so I attached a couple weather maps. We appear to have a small window particularly for the remaining 1/3 of soybean harvest. Wheat
[MORE]

Morning Market Insight

 

Oct 24th 2013
Brad Olson
Grain Marketing Specialist
 

The 5 day forecast appears to have given us a small harvest window. Due to difficult harvest conditions and our commitment to service our patrons, Wheat Growers has taken additional
[MORE]

Morning Market Insight

Oct 23rd 2013
Brad Olson
Grain Marketing Specialist


Pretty light day as far as news is concerned…

Corn: As of 7:45- 2 higher


Corn traded lower on better crop ratings yesterday as we continue to consolidate in the 4.32 to
[MORE]

Morning Market Insight

Oct 22nd 2013
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45-1 lower

Corn settled higher yesterday on better than expected export inspections of 32.3mb of corn and 3.9mbu of milo. A slightly better harvest forecast seems to limit
[MORE]

Morning Market Insight

Oct 21st 2013
Brad Olson
Grain Marketing Specialist

 

Corn: As of 7:45- 1 lower

Corn managed to close 8 ¼ higher for the week on harvest delays and ideas of lower prices bringing in increase demand. USDA is still trying to catch up
[MORE]

Morning Market Insight

Oct 11th 2013
Brad Olson
Grain Marketing Specialist

USDA will not release its monthly report today.


Corn: As of 7:45- 4 lower

Corn trading lower yesterday on continued harvest pressure and talk of the EPA considering lowering the
[MORE]

Morning Market Insight

Sep 20th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 1 lower

Outside markets and ideas of rain delaying harvest along with wheat supporting corn yesterday. Yep that’s right I said wheat supporting corn.  Export
[MORE]

Mornign Market Insight

Sep 19th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 4 higher

The Fed announced yesterday that is holding off on tapering, this in turn sent stock market screaming higher lending support to grains. Corn closed 2 ¼
[MORE]

Morning Market Insight

Sep 18th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- unchanged

Corn traded mixed yesterday as traders got all excited off the FSA data but then realized later that there is little correlation to actual acreage. I know I am
[MORE]

Morning Market Insight

Sep 17th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 10vhigher

Unwinding of corn/bean spreads was not enough to keep corn in positive territory yesterday as more combines start to roll. Harvest reported at 4% complete. Crop
[MORE]

Morning Market Insight

Sep 16th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- unchanged

Corn drifting lower Friday on yield increase from USDA WASDE report on Thursday. Many still not believers of yields but we keep hearing the phrase “better
[MORE]

Morning Market Insight

Sep 5th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 5 lower

Corn pressured yesterday by the soybean market and continued reports of good yields from the southern US as harvest is now moving into southern Illinois. Recent
[MORE]

Morning Market Insight

Aug 16th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 3 lower
An oversold market and the releasing of FSA pp acres at a larger than expected 3.4 million acres helped give the corn market a boost yesterday. Weather forecast
[MORE]

Morning Market Insight

Aug 15th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 8 higher

Warmer/drier forecast with ideas of longer range forecast mixing in cooler weather along with oversold conditions help corn rebound yesterday. Weekly ethanol
[MORE]

Morning Market Insight

Aug 14th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 1-2 higher

The morning started out yesterday with carry over strength from Mondays report only to sell off putting in new lows on realization that we are still looking at
[MORE]

Morning Market Insight

Aug 13th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 3-4 higher

Corn found some traction yesterday on favorable report. USDA trimmed back yield to 154.4 vs 156.5 last month on the production side and lowering feed/residual
[MORE]

Morning Market Insight

Crop Report Convenience Table

 

As of 11.15

corn-12-14 higher

soybeans- 40 higher

wheat- 10 higher


[MORE]

Morning Market Insight

Aug 12th 2013
Brad Olson
Grain Marketing Specialist

11 a.m. CST USDA will release S&D data- will update shortly after.

Corn:  As of 7:45- oc 1 lower, nc unchanged

Friday gave us a slide ways trade before settling lower and Dec putting
[MORE]

Morning Market Insight

July 12th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 2-3 lower


Well the USDA report ended up to be a relative nonevent, trading the report for about 10 minutes and then back to weather. Few changes for the 12-13
[MORE]

Morning Market Insight

July 11th 2013
Brad Olson
Grain Marketing Specialist

USDA will be releasing S&D’s at 11 a.m. CST. This will likely trump all other news today. I have attached a convenience table for your viewing pleasure. 

[MORE]

Morning Market Insight

July 10th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 2 lower


Hotter/ dryer forecast led to technical buying yesterday pushing corn higher. Funds are estimated buyers of 20,000 contracts after having whittled down
[MORE]

Morning Market Insight

July 9th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 11 higher


The announcement of a 120 sale to Mexico for 13/14, drier forecast for the western 1/3 of the Corn Belt, and spillover support from the soybean market
[MORE]

Morning Market Insight

July 8th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 3-4 higher

Friday’s weekly export sales mostly in line with expectations but a favorable weather forecast and a stronger dollar helped push Dec corn below the $5
[MORE]

Don't get hung up on basis - cash price is king!

We are experiencing some interesting times again this summer.  Due to the tight domestic stocks in both corn and soybeans we have seen some abnormal basis levels and interesting spreads between different futures months.  Generally, there are two components of cash grain prices, the
[MORE]

Morning Market Insight

June 7th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- oc 1 higher, nc 7 higher
 

Corn firm yesterday with The July showing the least strength rallying into the close to post gains. CN seems to stuck in a 6.50ish
[MORE]

Morning Market Insight

June 6th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:45- 1 lower to 1 higher

Positive ethanol margins led to an increase in weekly production of 885,000 from 863,000 the previous week.  This in turn kept spot futures in
[MORE]

Morning Market Insight

June 5th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- OC 2 higher, NC 4 lower

Everything past the July contract settled lower yesterday as slow farmer movement was noted supporting the July. Talk still remains about how much
[MORE]

Morning Market Insight


Corn:  As of 8:00- oc 6 lower, nc 11 lower
 

Technical selling pressured corn lower yesterday as bean/corn spreading was prevalent.  Weekly planting progress out at 91% nationally vs. 86% lw and the 5 year average of 95%. This leaving 8.75mn of
[MORE]

Grain Stocks and Market Reaction

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
[MORE]

Morning Market Insight

May 2nd 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged to 1 higher
 

Corn posted nice gains yesterday as we continue to live and die by the weather forecast with solid exports adding additional
[MORE]

Morning Market Insight

May 2nd 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 7 higher

Grains pressured lower primarily by outside markets led by a weak China manufacturing PMI number. Planting progress remains the fundamental focus as some hit or
[MORE]

Morning Market Insight

May 1st 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 7 lower
 

July corn stronger earlier in the day but sold off failing to fill the gap we talked about yesterday. Forecast is wetter over the next 5 days but the
[MORE]

Morning Market Insight

April 30th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- mixed 1 higher to 1 lower


Wet / cold planting conditions fueled a solid move higher yesterday had oc months limit higher and nc 35 higher. July corn stepped
[MORE]

Morning Market Insight

April 29th 2013
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:30- oc 12 higher, nc 14 higher

The trade is looking for little planting progress (8-9%) in this afternoons report fueling a move higher this morning. Rain forecasted for much of Iowa
[MORE]

Morning Market Insight

Mar 28th 2013
Brad Olson
Grain Marketing Specialist

 

Corn stocks are biggest driver coming in considerable above average trade estimate pushing prices
[MORE]

Morning Market Insight

Mar 28th 2013
Brad Olson
Grain Marketing Specialist

USDA Mar 1 stocks and 2013 planting intentions report will be released at 11 a.m. cst. This morning we will likely have light trade until report data is released. Below is a convenience table that I will update
[MORE]

Morning Market Insight

Mar 27th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged

Today’s commentary will be short and sweet as the bulk of the focus will be on positioning ahead of the release of tomorrows USDA report release at 11 a.m.
[MORE]

Morning Market Insight

Mar 26th 2013
Brad Olson
Grain Marketing Specialist

Wheat Growers will be offering a pre report informational webinar this afternoon at 3 p.m. at various locations. Information will be provided by Tregg Cronin Market Analyst for CHS. Contact your location for
[MORE]

Morning Market Insight

Mar 25th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 2 lower

Mixed trading Friday had May corn seeing a 16c range before settling towards the lower end of the range at 6 ¾ lower but still 14.5c higher for the week.
[MORE]

Morning Market Insight

Mar 15th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged

Corn market firmer yesterday on better export sales and spill over form the wheat market. Export sales reported at 653 tmt- 282 old, 371 new crop. Corn/wheat
[MORE]

Morning Market Insight

Feb 22nd 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 2 higher

USDA releasing some preliminary numbers out of AG Outlook Conference yesterday of 96.5 million acres of corn with 1.453 billion bu’s of production. Weekly
[MORE]

Morning Market Insight

Feb 21st 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 1 lower


Corn posting late gains on ideas that Brazil is no longer offering March shipment and supportive wheat trade. Ag Forum will be releasing NC estimates
[MORE]

Morning Market Insight

Feb 20th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged


Corn held in check yesterday unable to follow soybeans higher. Poor export inspection of 9.5 vs 14.815 last week and well below the 20 needed to meet
[MORE]

Morning Market Insight

Feb 19th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged


Corn managed to stop a 11 session losing streak Friday posting modest gains on oversold conditions.  SA received decent precipitation coverage over
[MORE]

Morning Market Insight

Feb 18th 2013
Brad Olson
Grain Marketing Specialist

Grain Markets will be closed today in observance of Presidents Day. Markets will reopen this evening.

Corn:  As of 7:30- 
Soybeans:  As of 7:30- 
Wheat:  As of
[MORE]

Morning Market Insight

Jan 18th 2013
Brad Olson
Grain Marketing Specialist

Grain Markets will be closed Monday January 21st in observance of Martin Luther King Day

Corn:  As of 7:30-  3 higher
 

Improved export numbers was not enough to keep
[MORE]

Morning Market Insight

Jan 16th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:00- 3 higher

Corn settling 6 ½ higher yesterday on continues strength from tight stocks shown in Fridays report.  This looks to continue to be the case moving
[MORE]

Morning Market Insight

Jan 15th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 2 higher

Follow through strength on tight supply pushing corn higher yesterday with Mar settling 15 ¼ higher and Dec up just 7. Trade having to balance the
[MORE]

Morning Market Insight

Jan 14th 2013
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 14 higher

The much anticipated Jan report is out and unlike many years in the recent history we did not trade a limit move. What we did see in the corn balance sheet was
[MORE]

Keeping Grain Quality & Safety a Top Priority into the New Year

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
[MORE]

Morning Market Insight

Dec 14th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 1 higher
 

Corn experiencing another lack luster week of export sales yesterday. . It looks like the bulls are going to have to hold on to the Jan 11th report
[MORE]

Morning Market Insight


Corn:  As of 7:40- 1 higher
 

Corn traded moderately weaker yesterday as we continue to search for some new news in this market. Weekly ethanol production reported at 824 down slightly from the previous week of 835. Weekly exports sales this morning out at
[MORE]

Morning Market Insight

Dec 12th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 1 lower
 

Corn was drug lower yesterday by a weak wheat market. US balance sheet was left unchanged with the only major change to the world balance was an
[MORE]

Morning Market Insight

Dec 11th 2012
Brad Olson
Grain Marketing Specialist

The main focus will be the release of the USDA Dec WASDE report this morning

Corn:  As of 7:45- unchanged
 

There was nothing changed in US Dec balance sheet from Nov. Ending
[MORE]

Morning Market Insight

Dec 10th 2012
Brad Olson
Grain Marketing Specialist

Tomorrow morning the USDA Dec S&D WASDE report is out at 7:30 a.m.

Corn:  As of 7:30- 4 lower

Corn sold off Friday to cap a 15c loss for the week. Poor export numbers and lack of fresh
[MORE]

Morning Market Insight

Nov 2nd 2012
Brad Olson
Grain Marketing Specialist

USDA s/d and WASDE Friday Nov 9th
Informa releasing estimates Friday Nov 2nd

Corn:  As of 7:30- 2 lower

The corn market started out the day yesterday stronger on spillover strength
[MORE]

Morning Market Insight

Nov 1st 2012
Brad Olson
Grain Marketing Specialist

USDA s/d and WASDE Friday Nov 9th
Informa releasing estimates Friday Nov 2nd

Corn:  As of 7:30- 5 higher


Yesterday the corn market rallied on spillover strength from
[MORE]

Morning Market Insight

Oct 31st 2012
Brad Olson
Grain Marketing Specialist

Corn as of 7:30- 3 higher


Corn market firmer yesterday on a weaker dollar and talk of rain delaying Argentina planting progress.  We continue to watch for excessive rains impeding planting
[MORE]

Morning Market Insight

Oct 29th 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:30- 3 higher


Corn losing 24 cents last week as US corn remains uncompetitive in the world market as shown in the weekly export sale reporting at a dismal 142 Thursday.
[MORE]

Morning Market Insight

Sep 21st 2012
Brad Olson
Grain Marketing Specialist

Corn:  As of 7:30- 4 higher

Disappointing export sales and spillover weakness from the soy complex helped push corn lower yesterday. Informa to reestimate acreage mid morning. Harvest to continue to
[MORE]

Mornign Market Insight

Sep 20th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30-4 lower


Corn appearing to find some footing yesterday closing higher for the first time this week.  Ethanol production reported at 834 up for the week. Export
[MORE]

Morning Market Insight

Sep 19th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 7 higher


Improving yield reports as harvest moved north and continued fund liquidation from technical weakness again had corn on the defensive yesterday.
[MORE]

Morning Market Insight

Sep 18th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- unchanged


Yesterday hedge pressure, fund selling and weak technical all led to a large move lower. For the morning we seem to have stabilized but
[MORE]

Morning Market Insight

Sep 17th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 13 lower


The corn market is running into pressure last night/this morning as harvest progresses. Even with the lower production, high prices and the lack of carry
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Morning Market Insight

Sep 10th 2012
Brad Olson
Grain Marketing Specialist


Corn:  As of 7:30- 3 higher


Friday seen estimates released from Informa giving two sepereate numbers. One being what they believe USDA will release on Sep 12th – 119.8 BPA and
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Morning Market Insight

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
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Morning Market Insight

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]

Morning Market Insight

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
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Morning Market Insight

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]

Morning Market Insight

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
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Morning Market Insight

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?

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Morning Market Insight

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
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Morning Market Insight

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
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Morning Market Insight

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.


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Morning Market Insight

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
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Morning Market Insight

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
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Morning Market Insight

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
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Morning Market Insight

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]

Morning Market Insight

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
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Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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]

Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre Opening Comments

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

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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Pre Opening Comments

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

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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Pre Opening Comments

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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Pre Opening Comments

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
[MORE]

Market Carry

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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