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
AGP and Midwest Ag will be closed on Friday, July 3rd in observance of Independence Day.
Grain Comments The funds have been massive buyers the past week, reducing their short position in corn and soybeans ahead of tomorrow’s USDA Acreage report and pushing the grains to levels not seen in months. The more than 40-cent gain in new crop corn from last Monday’s low to Friday’s session high represents more than half the range corn spent during the December to June downtrend. With the board rallying, cash corn movement has been heavy, keeping pressure on basis levels. The market is expecting another drop in crop conditions this afternoon as the eastern cornbelt states received more rain this weekend further deteriorating the situation there. Wheat is experiencing much of the same thing, gaining 78 cents since Monday’s low with concerns of too much moisture in the soft red winter growing areas.
June 30th USDA Report Estimates
2015 Planted Acreage (million acres): Average Est / Est Range / March USDA Corn: 89.3 / 88.45-91.75 / 89.2 Beans: 85.2 / 83.76-86.76 / 84.6 Wheat: 55.9 / 55.10-57.20 / 55.4
June 1 Grain Stocks (billion bu): Average Est / Est Range / June 1 2014 Corn: 4.555 / 4.419-4.700 / 3.852 Beans: 0.670 / 0.604-0.707 / 0.405 Wheat: 0.718 / 0.688-0.740 / 0.590
Areas of the Northern Plains and western Midwest will see some rain Wednesday, especially southern Iowa and northern Missouri, which is already wet. Conditions will be drier in the eastern Midwest, but southern areas will continue to see threats to crops. » More DTN Weather Commentary