Closing Comments

Lynn Miller

November 9^th, 2015

We basically traded fear today as the front-most topic was the potential negatives to come from tomorrow’s USDA report.  Talk of raised interest rates didn’t lend us any support. Then there is better world wheat forecasts, lower crude, lower commodities in general, sharply lower meats, and a lower dollar.  Lower was basically our theme.

Closing Comments

Lynn Miller

November 3^rd, 2015

Corn:

Not much new news in the wind today.  Funds bought 7,000 contracts Friday, sold 7,000 yesterday and bought back 9,000 today.  This sideways price range could very well prove to be a problem for us as it is appearing not high enough to entice farmer selling and then not low enough to generate export demand.  On the other hand, Brazil exported a record 5.5 mmt in October vs. 3.5 in September.

Closing Comments

Lynn Miller

November 2^nd, 2015

New Trading limits took effect this morning:

                        Wheat - $0.35

                        Corn - $0.25                                             

                                Soybeans - $0.60

Corn:

Corn values at their best at the day session open and just simply fell from there.  Couple things on the minds of traders are the harvest progress (expected to be 85% tonight) lack of farmer selling and poor export performance.   Today export inspections were 477.4 tmt.  This puts marketing year shipments at 5.4 mmt and 25% behind last year’s pace.  Many believe the reduction in exports is unmistakable and assume it will need to be addressed in the next Supply & Demand report November 10^th

Morning Market Insight

Closing Comments

Lynn Miller

October 30^th, 2015

Daylight Savings Ends Saturday.  “Let’s turn the clocks back so it can be dark at 4pm” said No One Ever. 

Stay safe in the field and enjoy your “All Hallow’s Eve” tomorrow night.

Corn:

We were once again higher today in a really quiet session.  Many link the slow climb in futures and improving basis levels to tight farmer holding.  Although this plan may work for the time being, you need an exit plan.  At some point this grain will move and it will move big which will take pressure off the futures and probably widen your basis as elevators try to make room. You should be thinking about price levels you are ready to sell at as opportunity may not last long when it comes.  We saw this exact thing happen from June 29^th – July 2^nd this past summer and then it was gone again.

Closing Comments

Closing Comments

Closing Comments

Lynn Miller

October 27^th, 2015

The Mina corn incentive program to fill the bunkers is in full swing.  Give us a call today for details and to make delivery arrangements. 

This is a temporary program eligible to approximately the first 1 million bushels delivered.  All corn going into this program must be 16.5% moisture or less.

Closing Comments

Lynn Miller

October 26^th, 2015

Just announced today, a new Mina corn incentive program for shipments to the bunkers.

What you can expect:

• $0.05 premium to Mina’s posted bid
• Can haul existing contracts at a $0.05 premium
• DP program available with a $0.05 premium at time of pricing
• Mina discount schedules to apply
•  

This is a temporary program eligible to the first 1 million bushels delivered.

All corn going into this program must be 16.5% moisture or less.

Please contact the grain department to make arraignments for delivery.

Closing Comments

Lynn Miller

October 20^th, 2015

Just like outside markets set the tone yesterday, so did they today.  Except today, they gave us a little shove in the right direction.  The dollar kept a slightly negative tone for the entire session, crude battled for small gains and the DOW remained down a little.  This was just enough to give commodities at least a glimmer of hope to start the day.