If we can assist your operations with a grain market supply/demand inquiry, please contact:

 

Edgar Hicks    

 

402.884.0066 x111

 

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USDA Not Ready To Point To Record Corn Yield

 

 

The last 10 days gave us diverse weather for corn planting. The Weekly USDA Crop Weather Summary that was issued on Tuesday, showed a few dozen tornados, 90 degree temps in Nebraska, three+ inches of rain and a late week chill.  Of the 12 months that the USDA issues Supply/Demand Reports, it seems the May stats receive the least market reaction because of market attention dedicated to planting weather.  (I am sure someone will point out the 19 cent decline on November beans based on the 500 million new crop C/O.) With Nebraska having less than 3 full days last week for field work, the gain of 20 percentage points in corn planting progress is a feat that now is taken for granted, within the trade, given the equipment farmer's work with these days. 

 

Monday, University of Illinois ag economist Darrel Good issued an informative podcast on corn, ethanol and DDG which seems to be in sync with Tuesday's USDA Supply/Demand numbers.
  

 

 The CFO Systems Corn Crush

 

The CFO Systems Corn Crush  is now $0.76/gallon of ethanol on May 13, 2015.
*Using nearby CBOT corn futures, CBOT ethanol futures, USDA corn oil prices and ethanol industry conversion standards.


 

 

We believe positions are unique to each person's risk bearing ability, marketing strategy and crop conditions, therefore we give no blanket recommendations. The risk of loss in trading commodities can be substantial, therefore carefully consider whether such trading is suitable for you in light of your financial condition.