All locations and Mr. Tire Service Center will be closed Saturday, July 4th in observance of Independence Day. Check with your local branch managers for extended hours for your harvest or spraying needs.
The grain team at your Nemaha County Coop is here to help you. Whether it is our ability to handle your crop during harvest time or providing you markets for the grain you have stored on your farm, we are at your service. We can provide you price quotes during normal business hours so that you can sell any quantity of grain at any time you choose, as long as market conditions allow. For those of you who don’t enjoy watching the markets and have price targets, call us and let us watch the markets for you. Grain prices move fast and allowing us to watch the markets for you is one less chore you will have during your already busy day. Come in and see us or give us a call, we look forward to the chance to serve you. Thank you! Doug Biswell Grain Department Manager
Grain Markets will close Thursday at Noon and will be close all day Friday. AGP and Midwest Ag will be closed on Friday, July 3rd in observance of Independence Day.
Grain Comments Monday afternoon’s crop conditions were not much of a surprise. Trade anticipate a fall of 2 percent in ratings for both corn and soybeans. The actual numbers weren’t far off; corn ratings were down 3% while beans were down 2. While it is still very early in the growing season, the fact that corn crop conditions in Illinois, Indiana, Ohio and Michigan have dropped to the among the lowest levels of the last 20 years obviously raises notable warning flags. Couple the deteriorating conditions in the eastern cornbelt with lower than expected planted acres from Tuesday’s USDA report, and you get a limit up, 30 cent move in corn. USDA estimated U.S. corn planted area at 88.897 million acres, down a marginal 302k acres from the March Prospective Plantings report and slightly below the average trade estimate of 89.292 million acres. They also published their first official estimate of harvested acreage as well. USDA put 2015/16 corn harvested area at 81.101 million acres today, which is roughly 600k acres below what they had been using as their new crop balance sheet assumption. USDA estimated U.S. soybean planted acreage at 85.139 million acres, right in line with the average trade estimate of 85.171 million, but the big surprise in soybeans was the stocks number which came in at 625 million bushels, 45 million bushels lower than expect. That got the beans off to a 55 cent rally. The report was not nearly as friendly to wheat as it was to corn and beans but the strength spilled over, pushing wheat 29 higher. Today we are seeing consolidation as corn, beans, and wheat are down slightly. With the recent rally, look to make catch-up sales for both old and new crop grain.
Southern areas from the Midwest, through the Delta and into the Southeast will see rain Thursday with possible flash flooding in Missouri and Tennessee. Lighter rain expected in the central Plains and northwestern Midwest. » More DTN Weather Commentary