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[Listen] Gordy USDA WASE Report Unchanged But Bearish? This morning the USDA released the March WASE and Supply Demand Report. Traders were expecting the USDA to leave most of the U.S. balance sheet numbers about unchanged, and that is exactly what the USDA did! That meant that the average corn and bean prices was unchanged too. The world carryover numbers for corn and beans were only about one million metric ton higher which is not even a rounding error. However, I guess because it was not bullish that means it is bearish because shortly after the report corn was about 9 cents lower and beans 5 or 6 cents lower. Both corn and beans were a little lower going into the report. It was surprising the USDA actual increased the Brazil bean crop by about 1 million metric ton. Given all the weather problems Brazil has seen it is hard to understand how that is possible. Click on the link above and listen to Gordy discuss the March USDA WASE and Supply Demand Report. ....
Nominations for SCFF Livestock Hall of Fame The Steele County Free Fair (SCFF) is requesting nominations for the SCFF Livestock Hall of Fame. The deadline is May 1, 2021 and nomination forms are available on the SCFF website: Steele County Free Fair@scff.org. The inductees onto the 2021 SCFF Livestock Hall of Fame will be recognized on the first day of the 2021 SCFF which is Tuesday August 17, 2021. There are two types of awards. One one can be an individual or husband/wife team. Nominations are judged on their impact or influence upon the livestock industry, county, state, and national, their leadership in the livestock industry, and other relevant contributions with county being a priority. ....
Nominations for SCFF Livestock Hall of Fame The Steele County Free Fair (SCFF) is requesting nominations for the SCFF Livestock Hall of Fame. The deadline is May 1, 2021 and nomination forms are available on the SCFF website: Steele County Free Fair@scff.org. The inductees onto the 2021 SCFF Livestock Hall of Fame will be recognized on the first day of the 2021 SCFF which is Tuesday August 17, 2021. There are two types of awards. One one can be an individual or husband/wife team. Nominations are judged on their impact or influence upon the livestock industry, county, state, and national, their leadership in the livestock industry, and other relevant contributions with county being a priority. ....
U of M Extension 2021 Farm Resource Guide The 2021 Farm Resource Guide includes a lot of very useful farm business management information that is published by the University of Minnesota Extension Service. The guide is available for $25 plus postage and sales tax. You could check with your local U of M Extension office or email: bauxx003@umn.edu or call 507-372-3900 extension 39900. You could even get a hard copy for $31. Some of the information included in the Farm Resource Guide include, custom rates, what to charge or what to pay, lease forms for cash and share rent arrangements, farmland sales information for all counties in Minnesota, marketing information along with cost trends in Minnesota with charts, custom information on pasture rental rates and timber value, commodity price probabilities, corn and soybean yields by county, feedlot rule highlights and manure spreading lease examples. ....
Holiday Trading Schedule The CME grain markets will close at 12:05 pm Thursday and of course will be closed Friday Christmas Day. The grain markets will reopen Sunday evening at the normal time for the overnight session. The livestock markets will also close at 12:05 pm Thursday and will reopen at the normal time Monday morning. I did check and all Minnesota USDA Service Centers and Farm Service Agency offices will be closed both Thursday and Friday. They will reopen at normal time Monday morning. Both Thursday and Friday are holidays for all University of Minnesota Extension staff too. Typically when you get close to a major holiday the ag markets get very quiet with really low volume. If there is some type of major unexpected news they can get really zippy due to the light volume. This year there are a lot of factors that could make for an exciting couple of days. Those include the dry weather and crop concerns in South America, the dock workers strike in Argentina, the ....