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Wheat Growers Insights for Field and Farm

Posted By Craig Haugaard

Pre-Opening Comments

The number of dependents (possibly dogs, cats, and imaginary friends) that vanished when the IRS began requiring names and Social Security numbers on tax forms in 1988: 7,000,000 -- Business Week
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Pre-Opening Comments

Happy Friday the 13th.
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Pre-Opening Comments

A weaker dollar should give us a boost on the opening today. Reports of 28 degree weather in SRW country could also make things interesting.
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Pre-Opening Comments

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

Corn: 2 higher
 

Remarks:  In the
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

Look for prices to end up trading higher than the opening call before the day is done.
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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

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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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.

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Pre-Opening Comments


 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
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Pre-Opening Comments

China is reporting a monthly trade deficit which is about as rare as a midget in the NBA.
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

Happy Leap Day. According to an old Irish legend, or possibly history, St Bridget struck a deal with St Patrick to allow women to propose to men on Leap Day. Thought I would give the bachelors a heads up so they could go into hiding for the day.
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

We are setting the crop insurance price this month and so far the average price of December corn is $5.71 while November soybeans are at $12.44.
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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.

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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

Economic uncertainty in Europe has the dollar higher and crude oil lower this morning. Look for grains to open lower as well.
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

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
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Pre-Opening Comments

This morning the dollar is higher and crude oil is lower. Greece looks like they are getting closer to default and Iran is threatening to wipe us out. Should be a fun week.
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Pre-Opening Comments

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
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Pre-Opening Comments

We may as well kick this off with the news that everyone is most interested in. Punxsutawney Phil did in fact see his shadow today so we are looking at six more weeks of winter. Of course, if they are like the last few weeks of “winter” that won’t be so bad. Now on to the markets.
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Pre-Opening Comments

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
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Pre-Opening Comments

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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Pre-Opening Comments

Stronger crude oil, a weaker dollar and a weather forecast that looks drier for South America should have us higher this morning.
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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

Crude oil is higher and the dollar is lower as I write these comments this morning. Will that be enough to turn grain higher this morning?
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Pre-Opening Comments

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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Pre-Opening Comments

The markets are closed today for Martin Luther King, Jr. Day.


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Pre-Opening Comments

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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Pre-Opening Comments

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
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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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 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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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
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Pre-Opening Comments

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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Pre-Opening Comments

“…December 7, 1941, a date which will live in infamy…” - President Franklin Roosevelt
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Pre-Opening Comments

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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Pre-Opening Comments

Goldman Sachs economists reduced their 2012 global gross domestic product forecast from 3.4 per cent to 3.2 per cent due to an expected worsening of the European sovereign debt crisis.
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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

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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Pre-Opening Comments

Look for the outside news to drive us to a lower opening.
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Pre-Opening Comments

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

I am beginning to wonder if I am a paranoid freak or a genius.  The reason that I say that is that I just can’t get too excited about the grain fundamentals and getting a little obsessed with the
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Pre-Opening Comments

The answer to Friday's contest was Cecelia by Simon and Garfunkel. Thanks to those of you that played along. The cap to the winner is going out today.
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Pre-Opening Comments

November 18, 2011
By: Craig Haugaard, Grain Origination Manager


CORN:  unchanged

REMARKS:
I have been a little on the bearish side the past week or two but even I was a little depressed by the ferocity with which the markets were treated
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Pre-Opening Comments

November 17, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 6 lower

REMARKS:
Mahmoud Ahmadinejad and his merry band of mischief makers had crude oil sharply higher yesterday on the threat to shut down the Strait of Hormuz should
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Pre-Opening Comments

"The soybean production in Argentina and Brazil may indeed be decimated by a larger than expected shift of acreage from soybeans to corn." - Oil World
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Pre-Opening Comments

November 15, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 3 higher

REMARKS:
I was out on vacation last Friday as well as yesterday but it does not appear as if much changed while I was way.  The first thing that jumped out at me
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Pre-Opening Comments

The dollar is lower and crude oil is higher as I pen these words. This should help us to gain back a portion of what was lost yesterday, at least initially.
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Pre-Opening Comments

November 9, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 1 lower

REMARKS:
Well, we have out USDA report and I would bet there is a pretty good chance that we won’t be trading it by the end of today’s session. First,
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Pre-Opening Comments

November 8, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 2 higher

REMARKS:
This market has been about as fast moving as a tortoise on valium lately and I don’t think things are going to change much today.  With the USDA
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Pre-Opening Comments

The song referenced in Friday’s comments was Ain’t No Mountain High Enough. Thanks to all of you that played along and responded.
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Pre-Opening Comments

I try and learn something new every day. Yesterday I learned that Diana Ross’ ex-husband, Arne Naess, died in a mountain climbing accident. So, I guess there WAS a mountain high enough. I will send a Wheat Growers cap to the first person to “name that tune.”
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Pre-Opening Comments

The dollar is down fairly hard this morning which should be supportive to commodities.
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Pre-Opening Comments

A softer dollar should give us a higher opening this morning.
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Pre-Opening Comments

As one headline I saw this morning says: Greek Referendum Ignites German Anger, Hammers Markets. The Greek deal looks like it could implode while here in the USA a major brokerage house, MF Global, filed for Chapter 11 and has been ordered to liquidate their positions. We are going lower.
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Pre-Opening Comments

October 31, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 7 lower

REMARKS:
With today being Halloween I thought it was time to hear from the Voice From the Tomb.

Long ago in the Windy City there lived a grain trader who
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Pre-Opening Comments

October 28, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 4 lower

REMARKS:
I will be the first to admit that I am a little twisted but as I have watched the European economic situation push to the brink of imploding, watched the Greeks
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Pre-Opening Comments

October 27, 2011
By: Craig Haugaard, Grain Origination Manager


CORN:10  higher

REMARKS:
Have you ever felt like the only fire hydrant in a dog pound?  That is pretty much the way that commodity bulls felt yesterday as everything seemed
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Pre-Opening Comments

On this day in 1960 the Washington Senators moved and became the Minnesota Twins. That has nothing to do with the markets but was marginally more interesting than anything I am seeing in the markets today.
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Pre-Opening Comments

October 25, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 4 higher

REMARKS:
Well, we were higher in the overnight once again but the question is; Does this mean anything?  The past couple of night sessions we have had a very strong
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Pre-Opening Comments

October 24, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 10 higher

REMARKS:
It is said that a rising tides raises all ships and that principle seems to have been at work in the overnight markets.  The situation in Europe is at
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Pre-Opening Comments

October 21, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 9 higher

REMARKS:
A few years ago I had a friend that bought his dream pickup and had vanity plates put on it that said CUZICAN.  As far as I can tell that could have been
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Pre-Opening Comments

October 20, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: unchanged

REMARKS:
We saw the funds sell 8000 contracts yesterday which put some pressure on the market.  This could become a trend as the CFTC voted yesterday to limit the
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Pre-Opening Comments

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


CORN: 2 higher

REMARKS:
I know that a lot of you use smart phones so I am excited to announce that SDWG has a site that you can access from your mobile phone that I believe is the
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Pre-Opening Comments

October 18, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 9 lower

REMARKS:
The problems in Europe will just not go away with Moody now telling France that their rating could be in jeopardy if they dont get their financial house in
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Pre-Opening Comments

October 17, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 3 lower

REMARKS:
This week-end I read about the coolest thing that I just have to share with you.  I read about autopoiesis.  This is a concept that a biologist by the
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Pre-Opening Comments

October 13, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 8 lower

REMARKS:
After the limit up move of Tuesday, yesterdays action was kind of anticlimactic.  For that matter I suppose the USDA report fell into that category as
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Pre-Opening Comments

October 12, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 5 lower

REMARKS:
Well, my opinion that yesterday we should “see an unremarkable session today” could not have been more wrong as buyers streamed into this market
[MORE]

Pre-Opening Comments

October 11, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 1 higher

REMARKS:
The market had a pretty wild night Sunday evening as fantasies about Chinese buying and a lower dollar drove the traders into a bullish speculative
[MORE]

Pre-Opening Comments

The headline for a story in The Financial Times of London yesterday read as follows:

‘Time short’ for eurozone, says Cameron

The story spoke to the idea that they have just weeks to “avert economic disaster” in
[MORE]

Pre-Opening Comments

October 7, 2011
By: Craig Haugaard, Grain Origination Manager


CORN:  open should follow the overnight close

REMARKS:
I needed to be on the road before the overnight market closed this morning but look for the day session to open in line with
[MORE]

Pre-Opening Comments

October 6, 2011
By: Craig Haugaard, Grain Origination Manager


CORN: 4 higher

REMARKS:
The market surged higher yesterday on the renewed hope that the world financial situation is stabilizing.  The prospect of a stabilized global financial
[MORE]

Pre-Opening Comments

Europe appears to be making strides towards addressing their debt situation and htat had the dollar lower and grains higher in the overnight.
[MORE]

Pre-Opening Comments

October 4, 2011
By: Craig Haugaard, Grain Origination Manager

Was yesterday just a dead cat bounce or is the market getting ready to roar once
[MORE]

Pre-Opening Comments

October 3, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 13 lower

REMARKS:
European turmoil has the dollar higher again this morning.  That coupled with the lingering shock of Friday’s USDA report will have the market opening lower
[MORE]

Pre-Opening Comments

September 30, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 30 lower

REMARKS:
We may have a pretty good shot at hitting that new 40 cents limit today.  Unfortunately we will probably test it on the downside.  The average trade guess
[MORE]

Pre-Opening Comments

 

September 29, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: unchanged

REMARKS:
There is a school of thought that
[MORE]

Pre-Opening Comments

September 28, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 7 lower

REMARKS:
I am not sure what to lead off with this morning so I am going to go with the stuff that might matter down the road but that nobody probably cares much about right
[MORE]

Pre-Opening Comments

On this day in 1881 the record for “smallest crowd” to ever watch a professional baseball game occurred when 12 folks showed up to see the Chicago Cubs beat the Troy Trojans by a score of 10 to 8.  That has nothing to do with the markets but it is also the most interesting
[MORE]

Pre-Opening Comments

“If you can keep your head when all about you
Are losing theirs…” Rudyard Kipling

September 26, 2011
By: Craig Haugaard, Grain
[MORE]

Pre-Opening Comments

 

September 23, 2011
By: Craig Haugaard, Grain Origination Manager

On April 26 of this year I ran the CRB index chart showing you that we had experienced a full 61.8% Fibonacci retracement of the last down move and suggesting that we needed to keep the market
[MORE]

Pre-Opening Comments

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

CORN: 20 lower

REMARKS:
The outside markets will set the tone for the market today and perhaps for days to come.  The whole world seems on the edge of an economic precipice.  In
[MORE]

Pre-Opening Comments

September 21, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 2 higher

REMARKS:
We were better right out of the chute on Tuesday as the impact of another decline in the crop ratings coupled with persistent rumors of Chinese corn purchases stirred
[MORE]

Pre-Opening Comments

September 20, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 11 higher

REMARKS:
The market started out getting stomped on yesterday as the negative pressures of the outside markets sapped any bullish enthusiasm that traders may have still
[MORE]

Pre-Opening Comments

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

CORN: 6 lower

REMARKS:
The headline of one article that I read this morning was Europe digs ever deeper debt hole.  This has the dollar higher this
[MORE]

Pre-Opening Comments

September 16, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 4 higher

REMARKS:
Sometimes in life you run into things that just make you shake your head.  Yesterday I went into a fast food place to grab lunch.  The young lady behind the
[MORE]

Pre-Opening Comments

September 15, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 5 lower

REMARKS:
I heard from a number of you with grandparent sayings that I missed yesterday.  Some of the ones that I missed were:  You haven’t the brains that
[MORE]

Pre-Opening Comments

September 14, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 5 lower

REMARKS:
I was at a meeting yesterday where one of the speakers kicked off their comments by say, “Like your grandparents used to tell you, an ounce of prevention is worth
[MORE]

Pre-Opening Comments

Keep an eye on the outside markets as the deepening debt crisis in Europe and war clouds gathering once again in the Middle East could play a significant role in these markets.
[MORE]

Pre-Opening Comments

September 12, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 5 lower

REMARKS:
The report this morning reflects one of the largest yield reductions ever made in a September report.  If memory serves me correctly the average trade guess coming
[MORE]

Pre-Opening Comments


September 9, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 3 higher

REMARKS:
More pressure on the corn market yesterday as reports trickling out of Illinois seemed to indicate that the corn that has been harvested thus far is yielding
[MORE]

Pre-Opening Comments

September 8, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 3 lower

REMARKS:
We tossed a pretty good pile of positive news at this market yesterday and couldn’t manage to close in positive territory for the day.  We were working off of
[MORE]

Pre-Opening Comments

September 7, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 6 higher

REMARKS:
We had a very interesting session yesterday with corn finally staging a comeback when the price of crude oil turned and started to work higher.  To illustrate
[MORE]

Pre-Opening Comments

Look for the pressure from the outside markets to have everything lower at the open today.
[MORE]

Pre-Opening Comments

September 2, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 5 higher

REMARKS:
We saw rampant profit taking during yesterday’s session as funds were sellers of 18,000 contracts during the session.  As best I can determine the sell
[MORE]

Pre-Opening Comments

September 1, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 8 lower

REMARKS:
Before I get into the morning comments I have to tell you that I saw the coolest thing a couple days ago.  I saw a SDWG patron sell cash corn for over
[MORE]

Pre-Opening Comments

Overnight there were more rumblings about the EU financial situation. This has the dollar higher this morning with crude oil slightly lower. This, combined with profit taking, will probably put pressure, at least initially, on the grain markets this morning.
[MORE]

Pre-Opening Comments

August 29, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 7 higher

REMARKS:
I have found myself wondering this week-end if I am myopic in my thinking.  I hope not, but having said that I can’t imagine that we will do anything
[MORE]

Pre-Opening Comments

August 26, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 1 lower

REMARKS:
The July 2011 corn futures had a life of contract high at $7.99 ¾.  We achieved that price as we were looking at an estimated carry-out of 675.  Now, as
[MORE]

Pre-Opening Comments

Today is the SDWG Plot Day. The goal of the tour is to give you the best possible information on what grows best in our area. To get details on the tour closest to you contact your local SDWG location. Hope to see you at a tour today.
[MORE]

Pre-Opening Comments

Tomorrow, August 25, is the SDWG Plot Day. The goal of the tour is to give you the best possible information on what grows best in our area. To get details on the tour closest to you contact your local SDWG location.
[MORE]

Pre-Opening Comments

August 23, 2011
By: Craig Haugaard, Grain Origination Manager

Apparently this audience contains huge number of Meatloaf fans as we had an overwhelming number of you respond with Paradise by the Dashboard Light.  On the other hand it would appear that Julio
[MORE]

Pre-Opening Comments

Starting with the overnight session corn now has a $0.40 daily limit. I find myself wondering how many trading sessions we will have before we hit it? The question then becomes will the first limit move under the new limit find us limit up or limit down?
[MORE]

Pre-Opening Comments

If you happen to be at the Brown County Fair either today or over the week-end please stop by the SDWG booth.
[MORE]

Pre-Opening Comments

The Dakota Fest in Mitchell and the Brown County Fair in Aberdeen both are underway. SDWG has a booth at both events with grain originators and sales agronomists at the booth to visit with you. If you are at either of these events please drop by our booth and say hello.
[MORE]

Pre-Opening Comments

The Dakota Fest in Mitchell and the Brown County Fair in Aberdeen both are underway. SDWG has a booth at both events with grain originators and sales agronomists at the booth to visit with you. If you are at either of these events please drop by our booth and say hello.
[MORE]

Pre-Opening Comments

I want to remind you that Dakota Fest in Mitchell and the Brown County Fair in Aberdeen both kick off today. SDWG has a booth at both events with grain originators and sales agronomists at the booth to visit with you. If you are at either of these events please drop by our booth and say hello.
[MORE]

Pre-Opening Comments

I want to remind you that SDWG will have booths at Dakota Fest (Aug. 16 -18) in Mitchell and the Brown County Fair (Aug. 16 - 21) in Aberdeen. We will have both grain originators and sales agronomists at the booth and would love to have a chance to visit with you.
[MORE]

Pre-Opening Comments

I want to remind you that SDWG will have booths at Dakota Fest (Aug. 16 -18) in Mitchell and the Brown County Fair (Aug. 16 - 21) in Aberdeen. We will have both grain originators and sales agronomists at the booth and would love to have a chance to visit with you.
[MORE]

Pre-Opening Comments

I want to remind you that SDWG will have booths at Dakota Fest (Aug. 16 -18) in Mitchell and the Brown County Fair (Aug. 16 - 21) in Aberdeen. We will have both grain originators and sales agronomists at the booth and would love to have a chance to visit with you.
[MORE]

Pre-Opening Comments

I want to remind you that SDWG will have booths at Dakota Fest (Aug. 16 -18) in Mitchell and the Brown County Fair (Aug. 16 - 21) in Aberdeen. We will have both grain originators and sales agronomists at the booth and would love to have a chance to visit with you.
[MORE]

Pre-Opening Comments

The outside markets seem to have stabilized this morning with DOW futures up 129 as I write these words.  Crude oil and the dollar are still a little lower while gold is higher once again.

August 9, 2011
By: Craig Haugaard, Grain Origination Manager


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Pre-Opening Comments

It is no secret that the news that has dominated since Friday evening is the downgrading of the United States from AAA to AA+.  With this downgrade we now have the same credit rating as that economic powerhouse, Belgium.  In overnight trade stock market indexes around the world as
[MORE]

Pre-Opening Comments

It is with more than a little embarrassment that I reveal publicly for the first time that the first vote I ever cast for president was in 1976 and I cast that vote for Jimmy Carter.  Although I wax nostalgic for those days from time to time one thing that I don’t miss are the
[MORE]

Pre-Opening Comments

The headline of a Bloomberg article this morning probably says it all - Yen Slides By Most Since 2008 as Japan Resumes Intervention; Franc Weakens. The story reported that the yen fell by over 4% today and noted that the Euro was weaker as well.  The
[MORE]

Pre-Opening Comments

I had to be on the road prior to the closing on the overnight session but look or the markets to open in line with the overnights close.

August 3, 2011
By: Craig Haugaard, Grain Origination Manager

CORN:  use the overnight sessions close


[MORE]

Pre-Opening Comments

It was this day in 1972 that gold hit $70/once for the first time.  Things have certainly changed since those days.

August 2, 2011
By: Craig Haugaard, Grain Origination Manager

CORN: 2 lower

REMARKS:
The market surged higher on
[MORE]

Pre-Opening Comments

The news of a budget deal seems to have rallied stocks around the world.  It also has crude oil higher and the dollar lower which should be supportive to commodities today.  In the end it looks like we probably just kicked the can down the road or to be more precise re-arranged the
[MORE]

Pre-Opening Comments

The dollar is up and crude oil's down but I guess a country boy can survive that. Rather than go any further down the Hank WIlliams Jr. road I am going to simply observe that this combination may keep some pressure on prices.
[MORE]

Pre-Opening Comments

We will be having the grand opening of our new Roscoe facility today from 10 a.m. to 3 p.m. Tours will be going on throughout the day and lunch will be served at noon. I hope to see you there.
[MORE]

Pre-Opening Grain Comments for July 26

“If confusion is the first step to knowledge, I must be a genius” – Larry Leissner
[MORE]