Blog Archives

Markets 4/6

The chatter this week has been about President Trump’s proposals for new tariffs on China. It sent the soybean market into a spiral on Wednesday but the market mostly recovered. On the opposite spectrum, the Argentina soybean production is estimated

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USDA Estimates 3/30

The USDA released their estimates of acres to be planted. Corn acres are estimated at 88.026 million acres, low enough to send the corn market soaring. Corn closed up 13 cents for the week . New Crop was also up

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Section 199A Fixed

The omnibus legislation which was signed into law today has fixed the unintended consequences of Section of 199A of the Tax Cuts and Jobs Act of 2017. The National Grain and Feed Association noted that this should provide tax relief

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Mar 9 Market Update

South America’s weather is still a driving force behind the losses seen in beans this week. Better rains are in Argentina’ forecast. Beans closed down across the board from current to new crop. Without much news corn has been holding

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Goodhue County 4-H

Congratulations! Through donations, the Goodhue County 4-H General Livestock Judging Program attended the Western National Roundup Livestock Judging. They were able to gain valuable experience at many farms and universities along the way to the competition in Denver, CO. While

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Market Update Feb 23rd

Markets this week are little changed. USDA estimates are right in line with expectations. Dry Argentina weather is supporting the market. Brazil is behind in harvesting their beans so the new corn crop will be late in planting. Brazil’s beans are

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Market Update Feb 16th

Markets are closed Monday  Feb 19th in observance of Presidents Day. Corn market has been stable this week. Rain in Brazil has slowed field work, but it is not having an impact on prices. Beans are still watching the weather

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Feb 9th Market Update

Prices for corn in the elevator improved this week for current, river open and new crop. Some eyes are on China as there is a push to process more corn and the crackdown on GMO’s have switched some buying from

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Feb 2nd Market Update

The current corn market closed up slightly for the week. River open was also slightly improved while new crop remained flat. Higher feed usage and ethanol production are expected in the Thursday report. However, weather conditions in South America are

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Corn Production Comparison

Corn for grain production in 2017 was estimated at 14.6 billion bushels, down 4 percent from the 2016 estimate. The average yield in the United States was estimated at a record high 176.6 bushels per acre, 2.0 bushels above the

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