Page 6 - Jon Scheve News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Jon Scheve, Superior Feed Ingredients, LLC While temperatures were nearing normal last week on our farm in southeast Nebraska, a cold front has pushed in and put a stop to any planting progress. Usually, we start planting corn by April 11  and try to finish within 7 to 10 days. However, ground temperatures in our area remain below 45 degrees and forecasts show lows near 25 degrees on Tuesday. The weather outlook later in the week looks more favorable, so hopefully everyone can start planting soon. The entire Corn Belt along I-80 and I-70 seems to be in the same situation through April 23....

By Jon Scheve, Superior Feed Ingredients, LLC With the USDA increasing demand for all categories, the tightest carryout since summer 2014 is expected. This has led to plenty of uncertainty in the market.  Export potential Exports have the most potential for change as traders are still debating how much U.S. corn will be exported before late August. Some believe cancelations are possible and reductions are still likely, while others expect exports will increase significantly. Brazil impact If exports stay strong, Brazilian corn could be imported into the southeast U.S. to relieve tight carryo...

By Jon Scheve, Superior Feed Ingredients, LLC Late last week, March corn and beans futures were trading at higher values than May contracts. Since this is ha

By Jon Scheve, Superior Feed Ingredients, LLCCorn and bean prices will continue to be extremely volatile as the market determines how much grain will ultimately be exported out of the U.S. South America is beginning their harvest and currently their corn and beans are worth less than the U.S. right now. This could slow down U.S. export demand.While a large percentage of the beans purchased for export have been shipped, a lot of corn purchased for export has not.

By Jon Scheve, Superior Feed Ingredients, LLCCorn demand from China has increased dramatically over the last few months causing corn to rally $2 per bushel from August lows. This chart shows how unprecedented China’s recent corn import demand has been compared to the last 60 years. Source: Matt CampbellCurrently the USDA estimates China will import 24 MMT (Million Metric Tons) of corn from all over the world this year.