Three part webinar series to help Ohio dairy producers mitigate price risk
Dairy producers in Ohio and across the country have faced a turbulent year for milk prices, input costs, and income. Like other commodities, dairy product supply chains were stressed during the initial...
View ArticleClimbing corn prices
By Jon Scheve, Superior Feed Ingredients, LLC The corn market continues to trade at new high levels for the year. This is only the third time in 25 years that the December futures contract high...
View ArticleDaily price swings could be big in coming weeks
By Doug Tenney, Leist Mercantile The March 31 Prospective Plantings Report had the United States planting 91.1 million acres of corn and 87.6 million acres of soybeans. When that report was released,...
View ArticleWeather, exports and acres will dictate corn prices: $4 and $8 are still...
By Jon Scheve, Superior Feed Ingredients, LLC Last week the USDA decreased the 2020 corn carryout which caused the stock to use ratio — the total usage compared to the total production — to drop to...
View ArticleMassive spreads between posted bids and prices
By Jon Scheve, Superior Feed Ingredients, LLC Corn futures continue to trend sideways, as the market waits for the Aug. 12 USDA yield estimate. This week saw the first fields of the 2021 corn harvest...
View ArticleCorn and soybean price outlook
By Jon Scheve, Superior Feed Ingredients, LLC Corn Outlook In 12 of the last 15 years December corn futures have had a pullback in August or September. This seasonal trend is usually due to several...
View ArticleHas the corn market established $5 as this season’s price floor?
By Jon Scheve, Superior Feed Ingredients, LLC The USDA report found an additional 246 million bushels to add to the production side of the balance sheets. Plus, the export pace for last year’s crop was...
View ArticleCan corn break out of the current trading range?
By Jon Scheve, Superior Feed Ingredients, LLC With harvest in full swing around the country, the markets are watching. Corn outlook Corn rebounded off the lows last week, but still it remains in the...
View ArticleWheat update
By Jon Scheve, Superior Feed Ingredients, LLC Historically, wheat has had an impact on corn prices. However, for the past several years it has been somewhat overshadowed by both corn and beans, as all...
View ArticleUSDA provides additional assistance to hog producers
The U.S. Department of Agriculture (USDA) announced a new program to assist hog producers who sold hogs through a negotiated sale during the period in which these producers faced the greatest reduction...
View ArticleBean outlook
By Jon Scheve, Superior Feed Ingredients, LLC Everyone wants to know how bad the South American bean yields will be. Unfortunately, it is extremely difficult to predict upcoming bean yields there...
View ArticlePrice volatility expected leading up to planting season
By Doug Tenney, Leist Mercantile Corn and soybean prices at the end of January proved to even the stingiest of bears that there are legs or strength to the current rally. Think back to November when it...
View ArticleWill corn test $7 or is a return to $6 a more likely outcome?
By Jon Scheve, Superior Feed Ingredients, LLC There are many factors that could impact corn prices moving forward. Reasons to be bullish corn Argentina crop conditions continue to deteriorate, and...
View ArticleCost increases outpacing commodity prices
The cost of growing crops could outpace revenue for many farmers in 2022, making it more difficult to break even despite rising commodity prices and increased demand both domestically and globally. The...
View ArticlePrice volatility continues
By Doug Tenney, Leist Mercantile Mid-March price volatility continues to be huge for all the grains. Wheat has experienced by far the largest number of limit days since early February. Daily limits for...
View ArticleDo market conditions warrant $8 old crop corn and $7.50 new crop corn?
By Jon Scheve, Superior Feed Ingredients, LLC After trading closed for the weekend, the Indian government issued a statement saying they would restrict India’s wheat exports. This is partially due to...
View ArticlePrices drop, basis rallies
By Jon Scheve, Superior Feed Ingredients, LLC Last Week: July corn closed the week down 50 cents. December corn closed the week down 40 cents and is down 75 cents from the high about one month ago....
View ArticleNitrogen price outlook
By Gary Schnitkey, Krista Swanson, Nick Paulson, Jonathan Coppess and Jim Baltz, Department of Agricultural and Consumer Economics, University of Illinois, and Carl Zulauf, Department of Agricultural,...
View ArticlePlenty of price uncertainty remains
By Jon Scheve, Superior Feed Ingredients, LLC Corn and beans finished the week at the same price level as one week ago. With harvest in full swing and no significant weather issues forecasted that...
View ArticleWill corn get to $7.50?
By Jon Scheve, Superior Feed Ingredients, LLC The corn market shook off bearish news and closed nearly 10 cents higher last week. Basis values in the west have been very strong, which is pulling corn...
View Article
