DIAL 712-774-2239-AFTER HOURS ANSWERING MACHINE TED MILLS 641-247-9342 OR TONY ADAMS 641-745-7378
IN CASE OF A PROPANE EMERGENCY DIAL 911
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!
Jan 15th, 2025 The USDA surprised most with a very bullish set of reports on Jan 10th which has since sent the markets significantly higher. The main headline was them reducing the corn yield from this past fall by 3.8 bushels, and reducing the bean yield 1 bushel. These are both pretty large and historic moves compared to previous years of this January report. This left projected 9/1/25 corn ending stocks at 1.540 billion bushels which is approaching bullish territory and should keep a floor under the market until some more data points are known. There's already a lot of talk of large corn acres being planted this spring which has kept the new crop contracts from rallying as much as old crop. March corn is up 56 cents from the October lows and about 20 cents since the end of December. Dec 1st corn stocks came in at 12.074 billion vs 12.171 billion last year. The cut in the bean yield brought the projected 9/1/25 bean ending stocks down to 380 million bushels from 470 million last month. While still not tight compared to previous years it is at least less bearish and has most likely led to managed money to cover their shorts in beans which has led to a nice rally since the report. South American weather will continue to be an important factor as about half of Argentina is experiencing hot/dry weather but all other areas are in good shape. They are just starting to harvest beans in parts of Brazil.
*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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