Welcome to the first blog post! Check back often for updated posts.
USDA weekly crop progress reports showing that we are ahead of the 5 year average on both corn and soybean planted acres. With all the moisture received it’s a welcome sign and has crops off to a great start, and overall has corn trending down on the futures. Soybean meal board has followed some and today closed down $3 on the nearby July board.
Cottonseed is a different story with delayed planting in Texas due to the heavy rains and conditions has kept farmers from planting. And this week has us 20% behind the 5 year average. We need some dryer conditions to get in and get the rest of the crop planted. In the meantime the spot market has reacted and we have seen a steady increase in values.
There are quite a few buys out there right now such as: corn gluten, GSP’s and wheat/grass pellets. As always please contact us for any of your commodity needs. Thank you!