Monthly archive for June 2015

COMMENTARY **6/30/15 **Waiting too long finally pays off!

The USDA report was bullish and took old crop corn up the limit.  Planted acres were 200 K less than the trade average guess and down 300K from the March report. St Louis river level STEADY and EASING at +38.3 and forecast  to be 35.4 by 7/3.  (STL Flood Stage is at 30.0 ft)  Harbor shutdowns […]

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COMMENTARY 6/29/15 **MORE RAIN WORSENS WHEAT QUALITY FURTHER

The states of IL, IN, and OH are in the midst of its wettest June since at least 1895 …..121 years!!  Said wet weather is only going to have a greater negative effect on standing wheat quality.  The market has huge discounts for low quality and in some cases the […]

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BIDS 06/29/15

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COMMENTARY 6/26/15

Wheat quality continues to disappoint!  The market has huge discounts for low quality and in some cases the discounts add up to MORE than the wheat is worth.  Though relatively dry,  TW has been decent (but still carrying discounts) at 55-57 lb, Vomitoxin has been moderate at 0.8 to 5.5, but sprout damage is quite […]

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BIDS 06/26/15

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COMMENTARY 6/25/15 **CHECK YOUR SRW GRADES BEFORE YOU UNLOAD**

Wheat quality continues to disappoint!  The market has huge discounts for low quality and in some cases the discounts add up to MORE than the wheat is worth.  Though relativelydry,  TW has been decent (but still carrying discounts) at 55-57 lb, Vomitoxin has been moderate at 0.8 to 5.5, but sprout damage is quite pronounced!  Sprout […]

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BIDS 06/24/15

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COMMENTARY 6/24/15 **CHECK COMMOD & HRS BEFORE YOU HEAD TO RIVER

Wheat harvest has begun.  Initial quality (or lack thereof) is ranging from 13.5 – 14.5% Moisture, TW has been decent at 55-57 lb, Vomitoxin has been low at 1.5 to 5.5, but there are growing issues with sprout damage.  Sprout damage makes wheat expressly low quality and Feed Grade.  […]

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COMMENTARY 6/23/15

Wheat harvest has begun.  So far samples range from 13.5 – 20.0% Moisture, TW has been decent at 55-58lb, Vomitoxin has been low at 1.5 to 4.0, but there has been some issue with damage and sprout damage.  Cut it as wet as you can handle it […]

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BIDS 06/23/15

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