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Wheat Growers Insights for Field and Farm

Posted By Lee Sanderson

Morning Market Insight

August 19, 2016
Lee Sanderson
Grain Marketing Specialist

Pro Farmer crop tour begins on Monday

Corn: Down 1
USDA announced sales of 101,600 metric tons of corn yesterday for delivery to unknown
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Morning Market Insight

August 18, 2016
Lee Sanderson
Grain Marketing Specialist

Stop by our booth for the last day of Dakotafest in Mitchell today.

Corn: Down 1
EIA report out yesterday pegged production at levels that tied the
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Morning Market Insight

August 17, 2016
Lee Sanderson
Grain Marketing Specialist

Stop by our booth at Dakotafest in Mitchell this week.

Corn: Up 1
Corn conditions remained unchanged at 74% good/excellent, which is the second
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Morning Market Insight

August 16, 2016
Lee Sanderson
Grain Marketing Specialist

Stop by our booth at Dakotafest in Mitchell this week.

Corn: 1 to 2 Higher
Higher oil prices helped push commodities yesterday. Export
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Morning Market Insight

August 15, 2016
Lee Sanderson
Grain Marketing Specialist

Crop Progress Report out at 3:00 PM today
Stop by our booth at Dakotafest in Mitchell this week.

Corn: Up 3
Corn is bouncing back
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Morning Market Insight

June 24, 2016
Lee Sanderson
Grain Marketing Specialist

Brexit vote was yesterday; Britain voted to leave the European Union causing confusion in the global market.

Corn: Down 11
Weather continues
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Morning Market Insight

June 23, 2016
Lee Sanderson
Grain Marketing Specialist

Citizens of Great Britain vote today on whether their country should exit the European Union.
Export Sales out this Morning at 7:30.

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Morning Market Insight

June 22, 2016
Lee Sanderson
Grain Marketing Specialist

Corn: Down 1
With July corn closing down the limit yesterday, the daily limit will expand to 40 cents today. Funds liquidated an estimated 35k contracts yesterday.
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Morning Market Insight

June 21, 2016
Lee Sanderson
Grain Marketing Specialist

Corn: Down 10
The weather forecast calling for more rain throughout the Midwest caused all grains to fall yesterday despite a weaker dollar and stronger crude. That
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Morning Market Insight

June 20, 2016
Lee Sanderson
Grain Marketing Specialist

Crop progress report out today at 3PM.

Corn: Down 9
Weather continues to drive the market as the Midwest caught some rain over the weekend
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Morning Market Insight

April 29, 2016
Lee Sanderson
Grain Marketing Specialist

Today is first notice day for May futures. We are now bidding off July futures for all nearby bids.
Check out our latest Blog
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Morning Market Insight

April 28, 2016
Lee Sanderson
Grain Marketing Specialist

Contact your local Grain Marketing Specialist to have contracts rolled or priced by first notice day for May futures; Friday, April 29th.


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Morning Market Insight

April 27, 2016
Lee Sanderson
Grain Marketing Specialist

Contact your local Grain Marketing Specialist to have contracts rolled or priced by first notice day for May futures; Friday, April 29th.

Corn: Down 1

[MORE]

Morning Market Insight

April 26, 2016
Lee Sanderson
Grain Marketing Specialist

Contact your local Grain Marketing Specialist to have contracts rolled or priced by first notice day for May futures; Friday, April 29th.

Corn: Up 2

[MORE]

Morning Market Insight

April 25, 2016
Lee Sanderson
Grain Marketing Specialist

Export Inspections out at 10:00 AM and Crop Progress out at 3:00 PM. 

Corn: Up 1-2
This afternoon’s crop progress report is expected to
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Morning Market Insight

March 4, 2016
Lee Sanderson
Grain Marketing Specialist

Contact your local Grain Marketing Specialist to get signed up for our 2016 New Crop Market Base Builder Program.

Corn: Up 3
Corn is
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Morning Market Insight

March 1, 2016
Lee Sanderson
Grain Marketing Specialist

We are now bidding off May futures on nearby bids for all commodities.

Corn: Up 1
Exports came in at 29 mbu, right in the trade estimate of
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Morning Market Insight

February 29, 2016
Lee Sanderson
Grain Marketing Specialist

Corn: Up 2
Rain is forecast for the next 11-15 days in north central Brazil, which will slow field work, but improve the safrinha corn. China is expected to cut its
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Morning Market Insight

January 8, 2016
Lee Sanderson
Grain Marketing Specialist

Crop Production, Grain Stocks, and USDA Supply/Demand reports out next Tuesday, January 12th. Contact your local Grain Marketing Specialist to get targets in before the report.
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Morning Market Insight

January 7, 2016
Lee Sanderson
Grain Marketing Specialist

Export Sales out this morning.

Corn: Down
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Morning Market Insight

January 6, 2016
Lee Sanderson
Grain Marketing Specialist

Weekly Ethanol Production out today.
Possible nuclear test in North Korea pushed much of Asia’s markets lower overnight.

Corn: Down
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Morning Market Insight

January 5, 2016
Lee Sanderson
Grain Marketing Specialist

Corn: Up 3
World financial markets were not friendly for grains yesterday. Export inspections were 12.8mb, well behind the 37mb needed-well behind last year’s
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Morning Market Insight

January 4, 2016
Lee Sanderson
Grain Marketing Specialist

Corn: Down 1
India is expected to allow its major import of corn in at least 25 years as the drought cuts into domestic supplies. The government is forecast to allow .5
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Morning Market Insight

December 22, 2015
Lee Sanderson
Grain Marketing Specialist

Corn: Steady/ Up ¼
Corn Export Inspections came out yesterday at 28.3 mbu, above trade ideas of 17-22 and versus 22.3 last week. YTD at 337 now trails last
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Morning Market Insight

December 21, 2015

Lee Sanderson
Grain Marketing Specialist

Corn: Steady/Unchanged
CH settled only ¼ cent better on Friday after touching the 50-day MA of $3.79 mid-session. Technical resistance is
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Morning Market Insight

November 13, 2015
Lee Sanderson
Grain Marketing Specialist

Due to the state of South Dakota’s Dakota Fast File changeover to the Secretary of State UCC Filing System, Wheat Growers will not be issuing grain checks from Friday,
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Morning Market Insight

November 12, 2015
Lee Sanderson
Grain Marketing Specialist

Due to the state of South Dakota’s Dakota Fast File changeover to the Secretary of State UCC Filing System, Wheat Growers will not be issuing grain checks from Friday,
[MORE]

Morning Market Insight

November 11, 2015
Lee Sanderson
Grain Marketing Specialist

Thank you to all our Veterans.

Corn: Up 2
Firm all night after an unfriendly report yesterday. The USDA stated production at 13.654bb, above the
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Morning Market Insight

November 10, 2015
Lee Sanderson
Grain Marketing Specialist

Crop Production report out today at 11 AM. Contact your local grain marketing specialist to get your targets working.

Corn: Down 1

[MORE]

Morning Market Insight

November 9, 2015
Lee Sanderson
Grain Marketing Specialist

Crop Progress report today at 3 PM. Crop Production report out Tuesday, November 10th at 11 AM

Corn: Up 1
Two-sided trade overnight. December
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Morning Market Insight

September 18, 2015
Lee Sanderson
Grain Marketing Specialist

The Federal Reserve left interest rates unchanged citing the recent global economic and financial developments as the reason.

Corn: Down 1

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Morning Market Insight

September 17, 2015
Lee Sanderson
Grain Marketing Specialist

Export Sales out at 7:30 this morning. (Chart below)


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Morning Market Insight

September 16, 2015
Lee Sanderson
Grain Marketing Specialist

Early -morning FSA acreage data release, for some reason; it wound up being an incorrect publication

Corn: Down 1
CZ ran into resistance at 3.95
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Morning Market Insight

September 15, 2015
Lee Sanderson
Grain Marketing Specialist

NOPA Crush report out at 11:00 AM

Corn: Down 2
Corn was higher again yesterday for the sixth straight day and was higher again
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Morning Market Insight

September 14, 2015
Lee Sanderson
Grain Marketing Specialist

Crop Ratings out today at 3 PM

Corn: Up 1
Higher overnight following Friday’s USDA report. In the report, yield was lower
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Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
July 24, 2015

Corn: Down 4
Weather continues to drive the market as outlooks are favorable for the next 2 weeks with some showers and moderate temperatures. South American FOB corn
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Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
July 23, 2015

Weekly Export Sales out this morning.


[MORE]

Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
July 22, 2015

EIA report out at 9:30AM

Corn: Down 6
Current crop conditions are estimating a yield around 163 b/a. The USDA was 166.8 b/a on the July
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Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
July 21, 2015

Corn: down 2
Weather is still the driving factor, the
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Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
July 20, 2015

Corn: down 9
Weather forecast is beneficial for
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Morning Market Insight

Lee Sanderson
Grain Marketing Specialist
May 29, 2015

Corn: up 2
Export sales out this morning were in
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Morning Market Insight

Lee Sanderson
May 28, 2015
Grain Marketing Specialist

Corn: up 1
Crop progress and good weather continue to drive
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Morning Market Insight

Lee Sanderson
May 27, 2015
Grain Marketing Specialist

Corn: Down 2
Corn was lower yesterday with a stronger dollar,
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Morning Market Insight

May 26, 2015
Lee Sanderson
Grain Marketing Specialist

Corn: Down 1
Export inspections released at 10 AM, Corn, 43.2 needed. Milo—4.7 needed; 5.5 last week. USDA crop progress estimates have U.S. corn planting pegged at
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Morning Market Insight

April 3, 2015
Lee Sanderson
Grain Marketing Specialist

No grain markets today for the Good Friday Holiday.
They will reopen Sunday night at 7PM, for the overnight session.
 


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Morning Market Insight

April 2, 2015
Lee Sanderson
Grain Marketing Specialist

No Grain Markets-Friday, April 3rd.

Export Sales from this morning in table below.

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Morning Market Insight

April 1, 2015
Lee Sanderson
Grain Marketing Specialist

Markets are closed Friday, April 3rd.

Corn as of 7:45- unchanged
The report yesterday showed large corn stocks and higher than
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Morning Market Insight

3-30-2015
Lee Sanderson
Grain Marketing Specialist

Stocks and Prospective Plantings report out tomorrow at 11:00 AM


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Morning Market Insight

 February 25, 2015
Lee Sanderson
Assistant Grain Merchandiser

 First notice date for March contracts is this Friday, March 27th.

Corn: Down 1
Corn tried to follow beans
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Morning Market Insight

February 6, 2015
Lee Sanderson
Assistant Grain Merchandiser

marketing meeting

Corn as of 7:45-up 1
USDA Supply
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Morning Market Insight

February 5, 2015
Lee Sanderson
Assistant Grain Merchandiser

The CME announced yesterday that it will be closing almost all of its open-outcry pits by July 2nd.

Corn as of 7:45- up 2
Ethanol production was down to
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Morning Market Insight

February 4, 2015
Lee Sanderson
Assistant Grain Merchandiser

Corn as of 7:45-down 2
US Dollar was down and Crude oil was up yesterday, helping the grains (chart below). March corn traded through the 100 day moving average
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Morning Market Insight

February 3, 2015
Lee Sanderson
Assistant Grain Merchandiser

Corn as of 7:45-up 5
Export inspections came out yesterday below the trade estimate (29.5-35.4) at 26.1 million bushels. Brazil confirms they are moving to a 27%
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Morning Market Insight

February 2, 2015
Lee Sanderson
Assistant Grain Merchandiser

Corn-Up 2
 March futures traded to 3.65 ¾ on Friday, the lowest price since Oct. 27th. Today starts the calculation for insurance price
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