Wheat harvest is finally under way in our Kansas territory. We’ve seen receipts start to flow in at each of our locations with the first being in the Clyde area at the beginning of last week. Coming into the summer, we were slightly concerned with wheat quality. With the way spring went and the rainfall […]
It is Father’s Day as I sit down to write this blog, and I was lucky enough to be able to worship with my Dad this morning and take him out for lunch. I believe that because farm Fathers and their children generally work together, they build a very special relationship. One thing I did […]
This week kicks off CVA’s ProEdge summer meetings. If you have never been to a ProEdge meeting, something we pride ourselves in is bringing good information to you and your operation, not a sales pitch. This round of meetings is very informal, a roundtable type of meeting. They are a short hour, so not much time […]
Are the bulls taking over the bears? Are the bears locking in some profits and taking a seat on the sidelines? Corn and soybeans were able to find some support amidst the negativity in the marketplace this past week. June started off on a rocky note for both corn and beans, but eventually gained momentum […]
It seems negativity in the market has become the norm, as many of us wait for the “summer rally” even just a bit of bullish news, or a weather scare to provide a selling opportunity. Unfortunately, the bears continue to win the battle and push grain prices even lower, as there are clearly more sellers […]
Last week we finally saw a little green in the corn market. It’s been tough sledding as the bears have ruled the market and it has been tough to argue against them. Last week’s planting progress report had corn planting at 75% complete vs. the average of 57%. There was talk that we might see […]
Do you purchase Revenue Protection (RP) crop insurance? If you do, you have essentially purchased a Put option for your grain prices. Are you utilizing this within your marketing plan? All too often producers view crop insurance as a necessary evil to protect in case of a production loss and don’t use it in their marketing plan. Let’s take a minute to run through how crop insurance can help you market your grain pre-harvest with peace of mind.
The difference a year can make is amazing! At this time last year the corn basis at UFC locations was +15 cents per bushel over May futures and now we are looking at -45 cents per bushel under May futures. There are a number of reasons why the basis is where it’s at.
As we turn the calendar to 2014, we will soon be kicking off our White Corn program. Being a specialty crop, the logistics and quality issues with White Corn can sometimes be a challenge, and this year will not disappoint us in that regard.