USDA S/D REPORT AND CROP PRODUCTION

The crop production portion of the report was, at first, slightly bearish as production numbers were raised from a July corn estimate of 15,000 bl bu to 1.578, which was 100 ml bu higher than the average guess. Soybeans came out at 4.425 bl bu vs July at 4.135 and the average guess of 4.260.…

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JULY 10 USDA WASDE AND CROP PRODUCTION REPORT

After the June acreage report (a cut of 5 ml acres), and the addition of a hot, dryer forecast, the grain and oilseeds market appeared to be heading in the right direction for a change. Throw in a new production report, a forecast for cooler temps and a good chance of rain at the start…

June 11, 2020 USDA Crop Production

With the planting pace and growing season off to a favorable start, most analysts were not expecting the report to reveal too many significant developments for the grain markets. Supply and demand will be the main focus, with most in the trade looking for the USDA to make adjustments to the carryout. Exports have been…

4 steps for unplanned income during challenging times

FCS Financial on Twitter “Unplanned income (from unplanned sources and at unexpected times) is going to be a reality for farmers this year. This may or may not get producers back to baseline income projections. FCSF VP Brett Bryant discusses tips for managing. #farm20 #CARESAct Click link for full article.  https://t.co/BipHcS7ZiA”

Understanding Crop Insurance Guarantees

Do you recall back in February when we ALL were disappointed when the corn Revenue Protection (RP) price averaged $3.88? That was 56 cents ago! This makes the second worst spring average in the past decade. For soybeans, the spring price was announced at $9.17 per bushel…. nearly 70 cents ago! What a difference 80…

MAY USDA REPORT

Leading up to the report, there was very little, if any, good news in the grain markets. Everyone seemed to be in agreement the news coming out of the USDA was going to be ugly. The USDA April numbers had 19/20 U.S. ending grain stocks on corn at 2.092 bl/bu, soybeans at 480 ml/bu and…

UFC Investing in a New Camp Point Location

In November 2019, UFC purchased 15 acres from Adams Electric on the east side of Camp Point. On February 18, UFC broke ground on a new Camp Point facility. The progress on the infrastructure has been tremendous, as the goal is to have this facility functional and operational by fall. With a 13-million-dollar investment, this…

2020 Planting Updates

We are starting off with much better weather in 2020 compared to 2019!  While the planters are rolling, we wanted to put out a few reminders in case there are any replant questions after this month’s freezes, or potential prevent plant questions. If you have a revenue protection policy you have replant & prevent plant…

APRIL WASDE REPORT

The USDA released their April stocks and demand estimates today, April 9, at 11:00 am. On the corn, the USDA added 200 ml/bu to its corn carry-out estimate as it rose to 2,092 bl/bu. The major change was to ethanol use, which was lowered 375 ml/bu to 5,050 with some analysts thinking further cuts are…

GRAIN STOCKS/PROSPECTIVE PLANTINGS

The March 31st grain stocks and planting’s report had mixed results as the corn reserves looked friendly coming in at 7.953 bbu, 181 ml bu below the analysts average guess of 8.134 bbu, but throwing in a bearish number on acres as it was nearly 3 ml above the guess at 96.99 ml acres vs…