A couple of weeks ago I wrote about the difficulties of sourcing corn for diets in late August and September. The problem continues to grow. The Farmers Coop Society in Sioux Center, IA is now bidding +$0.30 for August delivery and +$0.33 for September delivery. This compares to -$0.39 for October corn. These positive basis numbers are in a region which has a strong livestock industry because of the historic negative basis relative to Chicago. Read More...
When the dew point is 78F at 6 am, you know it’s going to be a miserable day in the upper Midwest. Unfortunately, it’s going to be a miserable week. Read More...
Yesterday’s USDA acreage and stocks report is still sending tremors across the country. Maybe one of the most un-talked about consequence of two days of near limit down moves in the corn market is the difficulty of feed mills in accessing corn. Read More...
When crop producers wished for summer heat to push corn and soybean crops along, they didn’t have our current weather as their goal. For grain farmers in the upper Midwest, there is enough moisture from all of the June rains that there are no indications of moisture stress even as we have temperatures in southern Minnesota approaching 100F yesterday and today with dew points close to 80F. Read More...