Before you sell your corn or soybeans, consider all of your options.
United Cooperative has gone to great lengths to make sure our grain receiving facilities are in the right locations for the majority of our member-owners. We keep our handling and storage equipment clean and in good working order to minimize hiccups during the critical fall harvest season, and offer extended grain delivery hours and extra help to keep our local harvest rolling. For grain customers who use forward-pricing strategies, we can help you with your marketing plans and order placement, or execute orders and deliveries from your outside marketing firm. Our goal is to work with you in any capacity that makes the most sense for your operation. Click below for contracting options or to find a location near you.
Here's this week's Market Minute with Gary Strube from Ripon North...
Here's this week's Market Minute with Bryce Williams....
Here's this week's Market Minute with Meghan Neuman....
This year’s price action has been one for the record books, and the year isn’t half over yet. I am writing this article three weeks before my retirement, and I keep looking for past years where the price action is similar, and there are none in the past 40 years. We are in uncharted waters.
The corn has been in an uptrend since August. This has been somewhat surprising since COVID-19 negatively affecting the ethanol market and reduced corn usage significantly. However, several things since then have surprised the market. Like corn, soybeans have rallied over three dollars a bushel since August. This is a significant price move at any time, but since it happed during harvest is more impressive.
Since 2011, the Wisconsin Department of Transportation has recorded more than 1,300 crashes involving agricultural equipment that resulted in 678 injuries and 26 deaths. Three scenarios drivers and farmers should know how to handle are passing farm equipment, left-hand turns and braking distance needed at controlled intersections.
Harvest is here. Are you ready? Have a successful harvest with these 6 steps from your UC Expert Agronomy team.
Harvest is just about here! Thankfully, it is expected to be much different than our last one. Last year we dealt with poor planting, growing and harvest conditions. Then, we had to find a place for all the beans as a result of a trade war. Now after nearly two years of China avoiding the purchase of U.S. commodities, they have been purchasing bushels nearly every day. That has brought a recent welcome rally to commodity prices. The government data, if correct, is telling us to expect one of our best crops in recent years - a welcomed change for all of us for sure. We do expect some areas to struggle some with space as this crop gets harvested. United Cooperative’s member-owned network has 70 million bushels of space coupled with some of the best receiving and conditioning equipment in the state. This allows your cooperative to get our members’ crop handled effectively.
United Cooperative is teaming up with Barchart and their online grain management system. cmdtyMarketplace allows farmers to create and manage online offers with United Cooperative. The system allows you to create and cancel your offers, sign up for text and/or email notifications for offer order changes. It even allows you to download and sort reports of your current offer activity and history. Login Register
Bushels are professionally managed by Total Farm Marketing (Stewart-Peterson), with the futures price to be determined over various time periods (stored crop, 1 year new crop, and 2 year new crop). The basis is set by the producer at any time prior to, or automatically at delivery. *Sign up deadline is Sep 25 annually for October start date contracts, and Jan 8 annually for February start date contracts.
Grain Delivered will be applied to contracts first. Grain balances above contract amounts have the following choices for application: Cash/Spot: The bushels designated will be sold at the current market price (Subject to change during CBOT trading hours). Contact a buyer if you wish to have your grain spotted upon delivery. 7-Day Hold: Delivered grain is held for 7 days without storage charges, after which charges will begin to accrue. Grain that is not contracted, sold, or instructed to be placed in grain bank during this period will be placed in storage. Storage (Open Storage): Grain designated for storage will be assessed the applicable storage fees, including minimums and may have additional drying & shrink. Grain Bank: Grain designated for grain bank is for feed purposes with applicable storage fees and may have additional drying & shrink.