Grain Gleanings

Grains

By Hunter Behrens, Grain Originator, Lyons

Heavy rains across the southern plains and southern Midwest threaten this year’s winter wheat crop. As of Wednesday, heavy rains the past 24 hours in Eastern Kansas and Northern Oklahoma will continue to slow harvest efforts while possibly posing production and quality issues. This has surged wheat prices to multi-month highs which has triggered nearly all green on the agriculture screen. Corn exports have been strong and the grain stocks and planted acreage report will be out at 11:00 am on Monday, June 30^th. That is the next major US commodity report that could potentially move the markets. Corn could benefit with a bullish planted acres report due to the last few weeks leading lower testing $4.00 new crop prices which doesn’t look very appetizing to contract corn at those levels. However, on the other hand we are in the $9.90’s for beans, which have been within a dime of the highs we’ve only seen glimpses of this year and have seen some contracting beans when the market reaches the $10 number growers are looking for. If you have any questions on marketing new crop or old crop grain, please contact your area’s grain originator.

6/20/2025

Grains

By Jake Moret, Grain Originator

Renewable Fuel Quotas for 2025-2027 are seeing nice progress and nice commitment by the current administration’s EPA to support the US ag economy and reduce greenhouse gases through the growing use of sustainable feedstocks. This is some much-needed news for US soybean demand. Soybean oil moves toward a limit up today over this news.

Corn continues to write its own story about strong use and demand. This is the tightest corn carry out number we’ve seen in 5 years. All the normal numbers we look at in corn seem positive. The market is here to inflict pain and it’s doing a good job. If corn can start moving 20 cents higher from here, I would really like farmers to be in contact with us and see what opportunities we can take advantage of whether it’s just a cash offer, a simple basis contract or looking into an accumulator. Don’t be the farmer to just sit back and wait for a weather scare all summer or 45Z news; let’s get an honest marketing plan together.

6/13/2025

'Do Something'

By Jeff Moritz, Lead Grain Merchandiser

Mother Nature has blessed us in the last week with some much need precipitation. Most customers that I have talked with are pleased with the moisture coverage on their farms. Now we just need some sun, warmth and a little drier pattern to control the weeds that are a comin’.

Many of us, like myself, have been waiting on these grain markets to ‘Do Something’ with positive price action over the last week or two. It seems this week both corn and soybeans have begun to show some life. A larger than expected Fund short position as the US is just starting the crop production cycle, sustained export demand for US corn, China weather and a weaker US dollar all contributed to the corn and soybean price advance. While I believe there will be an opportunity over the next 40-60 days to get some marketing executed as price seasonals come into play, the headwinds that are with us currently will likely persist somewhat. Most of the trade is of the opinion that the US will have enough old crop corn to carry us through to new crop and the fact that ideas are still in play that the US has 95-97 million acres of corn coming to the market in a few months. With soybeans, processor margins continue to slide as both meal and oil values fade. Global supplies of oil seeds are still very ample, while still respecting some of the heavy rains that have occurred in Argentina recently.  

With that being said, I think some constructive price targets would be the 100 day moving average in July corn at $4.79, the February price highs for December corn in the $4.70 to $4.80 range, the February price levels in July soybeans in the $10.75-$10.95 range and for new crop November soybeans, the February price high of $10.70 to $11.00. Let’s make a commitment when these marketing opportunities present themselves from the corn and soybean markets that we in turn, ‘Do Something’.

On behalf of all of us at CFC I wish you and your families an enjoyable Memorial weekend as we remember all those who have lost their lives in protection of the freedoms and pursuits we will enjoy in the coming days. 

5/23/2025

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!