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A DROP BOX IS AVAILABLE IN MASSENA LOCATED BY THE EAST WALK IN DOOR FOR YOUR CONVENIENCE. A DROP BOX IS AVAILABLE IN GREENFIELD LOCATED BY THE EAST WALK IN DOOR FOR YOUR CONVENIENCE.
WE NOW HAVE FINANCING AVAILABLE THROUGH YOUR JOHN DEERE MULTIUSE ACCOUNT FOR PURINA FEED. CALL LEANN AT 712-779-3515 FOR DETAILS!
WE ARE IN URGENT NEED OF TRUCK DRIVERS! IF ANY OF OUR CUSTOMERS CAN REFER A TRUCK DRIVER TO US AND WE HIRE THEM, YOU WILL RECEIVE A $1,000 CREDIT ON YOUR ACCOUNT!
May 16th, 2025 The corn market has had a rough month of May so far with the old crop July contract down 30 cents for the month and Dec down 11 cents. Soybeans have fared better with the July contract up 6 cents so far this month and Nov up 17 cents. This week started off with some fairly friendly news as China/US trade relations are going better than previously feared and the USDA released some friendly numbers in the monthly WASDE report. Old crop corn carryout is a decently tight 1.415 billion bushels with demand continuing to run strong, and new crop carryout was printed at a lower than expected 1.800 billion. These numbers alone should lead to some weather premium in the market as any significant drop in yield would make the new crop situation even tighter. However fast planting pace the last couple of weeks followed by a forecast that's calling for widespread rains across the corn belt have weighed on the market. There are also expectations for even higher corn acres than previously thought going into the spring. USDA also gave soybeans some friendly numbers with old crop carryout at 350 million bushels and new crop carryout at 295 million. This is using a close to record yield and even a drop towards the 5 year average makes the new crop soybean balance sheet pretty tight. This is why the bean market has been able to perform better, but one needs to keep in mind the world stocks of soybeans aren't nearly as tight. The bean market has also been whipsawed by the Renewable Fuel Standard news that initially led to strength in soybean oil the last couple of weeks but sent it limit down just yesterday. The largest factor affecting the markets going forward should be United States weather as we enter the important part of the growing season. So far if the forecasted rains happen over the next few days we should be overall off to a good start. The long term forecasts call for a hotter/drier trend in the western belt and more normal conditions in the east.
*OUR BIDS ARE DELAYED 10 MINUTES ON OUR WEBSITE AND ARE SUBJECT TO CHANGE. PLEASE CALL THE CUMBERLAND OFFICE TO GET AN UP TO DATE BID.
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