Grain Gleanings

Let The Growing Begin!

By Rebecca Johnson, Elevator Location Manager, Salem

What nice rains we had in April. The weather has warmed up just in time for planting.  The forecast for the next ten days looks like plenty of warm weather with wind of course but no predicted precipitation.  If the forecast stays as predicted a lot of farmers around the area should be seeing completion of planting by the end of next week, which would be ahead of the 5-year average.

Weather may be a factor affecting the grain markets this week.  So far old crop beans futures have dipped 18.25 cents from Monday to close off the day on Wednesday.  Old crop corn has also dipped 18.25 cents in the same time frame.  New crop futures for beans are down 9.25 cents and new crop corn is down 10.25 cents.  There was a little upswing in the market for awhile Wednesday morning with news of a potential trade deal between the US and China, but the market dropped lower as the day went on.  We will have to wait and see what Monday’s WASDE says and how it affects the grain markets.  The report comes out at 11 am central time.

Do you still have grain on storage at the elevator or in your bins at home and just not sure what the best marketing tool is for you? Feel free to stop in or call to discuss options or reach out to our grain originators to find out what is available.

Wishing all of you a safe rest of your planting season. Thank You for your continued patronage with Fremar LLC and CFC.

5/9/2025

Marketing Advice

By Hunter Behrens, Grain Originator, Lyons

The corn market was mixed throughout the day Thursday and July corn closed three cents lower at $4.72 and new crop corn went up a cent at $4.47 December futures. The weekly exports were announced Thursday, and results were solid at 40 million bushels. Along with solid exports traders are anticipating US planting progress numbers to rapidly increase on Monday even with widespread precipitation across the Midwest. Depending on where you are in the trade area, most areas received over an inch of rain accumulated throughout the week. Which is great to see and hasn’t impacted planting progress too badly. Soybeans closed higher with support from soy oil again which keeps pressure on soymeal. July soy oil is holding the support level and pushing towards 50 cent/lb resistance.  With the help of soy oil, soybeans have been holding key support around $10.35-10.30 but see stiff resistance when nearing $10.50-10.60. Exports sales for the soy-complex came in the range of estimates and remained on track to hit USDA projections. Hope everyone has a speedy and safe planting season and call your local originator for marketing advice.

5/2/2025

Successful Marketing

By Jake Moret, Grain Originator

Soybean futures moved higher on Thursday, breaking out of the recent sideways range and posting a bullish move on the daily chart. Japan is weighing buying more U.S. beans as part of a tariff deal, though beans have been looking for a reason to break out of the sideways trade.

Excluding the 20/21 crop year, this year's seasonal sales pace is at a 30-year high, which goes to show how strong export demand is. Ethanol grind also seems to remain strong and hopes to continue that trend into summer.

Effective management is essential to successful marketing. That's why we would love to help manage the risk with you. If you want to try a different marketing tool, feel free to reach out and we would like to walk through how we can structure an accumulator for your new crop ’25 bushels. Currently pricing beans 40c above the market and corn 25-30c above the market. I feel these are a great tool to start marketing up to 10 percent of your bushels and are very effective in our current market environment.

4/25/2025

Central Farmers has a mobile app that provides real time account information at your hands. By partnering with barchart, we are able to empower you, our producers, to make informed and quicker business decisions with CFC. With our app you can:

• Access scale tickets virtually in real time, allowing you to know how many bushels you have delivered and how much still needs to be delivered. You are able to see the grade factors on each scale ticket such as Moisture and Test Weight.
• Access your contracts that you have with any CFC location. You will be able to see the status of any contract to find out whether it is filled or is still open.
• Access real-time bushel balances of your grain across all CFC locations.
• Access delayed cash bids for all of our CFC locations

You can find our App on Google Play for Android devices or the App Store for iPhones by searching for Central Farmers. Scan the QR code below for quicker download process. Download it today!