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T. Marc Schober  

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  • USDA Weekly Exports: Domestic And Global Pressures Cause Major Grain Market Fluctuation
    May. 8, 2014 DBA, CORN, RJA 1 Comment

    Summary

    • Planting delays and tension in Ukraine lead to fluctuation in market.
    • Corn sales impacted along with soybean and wheat exports.
    • Corn exports up along with soybean and wheat sales.
  • Crop Progress: Favorable Weather For Planting Season
    May. 5, 2014 CORN, SOYB, WEAT Comment!

    Summary

    • Corn planting progresses.
    • Soybean planting in second week of reporting.
    • Winter wheat conditions worsen.
  • April Planting Delayed As Farmers Wait For Spring
    May. 1, 2014 CORN, WEAT, SOYB 2 Comments

    Summary

    • Poor weather has delayed planting, causing concern for this year's corn crop.
    • Ethanol prices spike due to logistical issues on the railways caused by the oil boom in the western Dakotas.
    • Despite the late start to planting, many farmers are still confident that there is enough time to complete corn planting, barring continued wet and cold weather into mid-May.
  • Crop Progress Report: Planted Corn Acres Increased 13%
    Apr. 28, 2014 DBA, CORN, RJA Comment!

    Summary

    • Cold and wet weather has delayed planting across much of the U.S.
    • The USDA Crop Progress Report released today estimated 19% of corn acres are planted across the U.S., a 13% increase from the prior week.
    • Corn, $5.13 per bushel, and wheat, $7.08 per bushel, both traded 5% higher from the past week, while soybeans, $14.98 per bushel, traded less than 1% lower.
  • Increasing Crop Prices Main Factor In Rural Economy Turnaround
    Apr. 22, 2014 DBA, CORN, RJA 2 Comments

    Summary

    • Rural economy growing for second straight month.
    • Farmland price index still below growth neutral.
    • Bankers believe breakeven price for corn is $4.30.
  • USDA Weekly Exports: Ukrainian Unrest Catapults Wheat Sales
    Apr. 17, 2014 DBA, CORN, RJA Comment!

    Summary

    • Wheat sales rebounded from a marketing year low on the news that civil unrest in Ukraine has split the country.
    • Soybean sales continue to decline but total commitments this year have exceeded the USDA's projections.
    • Crop Progress report released Monday estimated 3% of corn acres planted thus far. A 1% increase from this time last year, but a 3% decrease from the four-year average.
  • USDA Weekly Exports: Wheat Sales Hit Marketing Year Low
    Apr. 10, 2014 DBA, CORN, RJA 2 Comments

    Summary

    • U.S. wheat sales declined sharply reaching a marketing year low and have declined nine out of the last 10 weeks.
    • Corn sales and export levels declined, but reported levels are well above those seen in 2013 and 2012.
    • Soybean sales increased slightly and have been on the rebound following the marketing year low reported for the week ending March 20th.
  • WASDE: Exports Lower Corn And Soybean Stocks
    Apr. 9, 2014 CORN, SOYB, WEAT 3 Comments

    Summary

    • Ending stocks decreased.
    • Exports increased.
    • Planting season ahead.
  • USDA Weekly Exports: Corn Exports Continue To Increase
    Apr. 3, 2014 CORN, SOYB, GRU Comment!

    Summary

    • Corn exports increased to the second highest level of the 2013/2014 marketing year.
    • Soybeans exports continued to decline consistent with the trend seen over the past month.
    • The quarterly grain stocks report released Monday showed domestic stocks of soybean and wheat down in comparison to 2013, while corn stocks were reportedly up 30%.
    • The USDA Prospective Planting report was also released Monday. The report showed a large shift to soybean planted acres, a move that had been speculated by most analysts.
  • Revamped Subsidies For Grain Farmers Emphasize Crop Insurance
    Apr. 2, 2014 CORN, SOYB, WEAT 1 Comment

    Summary

    • Agricultural subsidies are a fiercely argued topic, especially when the farm bill is in the news.
    • For the vast majority of U.S. farmers who grow corn, soybeans, and wheat, farm subsidies provide little to no income assistance.
    • The Organization for Economic Co-operation and Development (OECD) estimated in 2013 that farm subsidies make up 7.1% of income for American farmers, this in contrast to the EU 19%, Russia.
    • For an industry that is susceptible to many different and unpredictable variables, the need for affordable insurance is important.
    • The average age of a farmer has risen to 58.3 years old with a third of farmers being older than 65.
  • Increased Soybean Acreage At Corn's Expense
    Mar. 31, 2014 CORN, SOYB, WEAT Comment!

    Summary

    • Favorable profit margins for soybeans have farmers increasing soybean planted acreage in 2014 by five million acres.
    • Estimated corn planted acreage was the lowest since 2010.
    • In the past two months, corn prices have made a comeback due to domestic ethanol demand, global feed demand, and tensions in Eastern Europe.
  • USDA Weekly Exports: Corn Exports Spike Reaching Highest Level Of 2014
    Mar. 27, 2014 DBA, CORN, RJA Comment!

    Summary

    • Corn exports reach highest level in 2014.
    • Soybean sales and exports decline, with reported stocks 50 million below the 2013 level.
    • Prospective planting estimates suggest less of a shift to soybeans than earlier suggested.
  • USDA Weekly Exports: Week-To-Week Sales And Exports Decrease
    Mar. 13, 2014 CORN, SOYB, WEAT Comment!

    Summary

    • Sales and exports declined week over week for corn, soybeans, and wheat.
    • Corn and wheat exports remained above their 10-week average.
    • Soybean exports fell below 1 million bushels for the first time since early October.
  • WASDE: Grain Exports Less Than Expected
    Mar. 11, 2014 WEET, CORN, SOYB Comment!

    Summary

    • Chinese demand growing for soybeans as U.S. stocks at 16-day supply.
    • Corn ending stocks 25 million bushels lower.
    • U.S. wheat balance sheets unchanged.
  • USDA Weekly Exports: Sales Volumes Continue To Increase
    Mar. 6, 2014 CORN, SOYB, WEAT 1 Comment

    Summary

    • Corn and soybean sales continue their upward trend, significantly outpacing their 10-week averages.
    • Exports for wheat and corn also rose from last week.
    • Soybean exports continue to slowly decline from marketing year highs seen in late 2013 early 2014.
  • Ukrainian Unrest And Russian Aggression Result In Unpredictable Grain Market
    Mar. 5, 2014 GRU, WEET, JJG 1 Comment

    Summary

    • Ukraine’s importance in the global grain market has grown as the country has become one of the world’s largest exporters of corn and wheat.
    • Beginning Friday, on the news that Russian troops had entered Ukraine, corn prices in the US have gone up $0.17 or 3.5%.
    • In the short term, grain prices will continue to feed off of the uncertainty around one of the largest exporters of grain in the world.
  • Grains Rally In Cold Weather
    Mar. 3, 2014 WEET, SOYB, CORN Comment!
  • USDA Weekly Exports: Net Corn And Soybean Sales Rebound From Last Week
    Feb. 27, 2014 SOYB, CORN, WEAT Comment!
  • Extreme Cold And Falling Crop Prices Blamed For February Slowdown
    Feb. 24, 2014 DBA, RJA, DAG Comment!
  • USDA Weekly Exports: Difficult Market Conditions Hamper Sales And Exports
    Feb. 21, 2014 DBA, CORN, RJA Comment!
  • Confidence In Farmland Values Remains Strong
    Feb. 18, 2014 DBA, RJA, DAG Comment!
  • Farmland Values Reach New Heights Despite Adversity
    Feb. 14, 2014 MOO, CORN, SOYB 3 Comments
  • USDA Weekly Exports: Corn And Wheat Sales Remain Strong
    Feb. 13, 2014 CORN, SOYB, WEAT Comment!
  • Farm Income Expected To Outpace Prior 10-Year Average
    Feb. 12, 2014 WEAT, SOYB, CORN 1 Comment
  • WASDE: Rising Exports Decrease Corn Supplies
    Feb. 10, 2014 DBA, CORN, RJA Comment!
  • USDA Weekly Exports: Corn Sales Well Above 10-Week Average
    Feb. 6, 2014 CORN, SOYB, WEAT Comment!
  • Corn Prices Rise In January; Planting Delay On Horizon
    Feb. 3, 2014 CORN, SOYB, WEAT Comment!
  • USDA Weekly Exports: Corn Sales Spike
    Jan. 30, 2014 DBA, CORN, RJA Comment!
  • Rural Economic Growth Slows In January
    Jan. 21, 2014 DBA, CORN, JO 1 Comment
  • Farmland Values Steady Despite Decreased Crop Prices
    Jan. 2, 2014 DBA, CORN, JO 6 Comments
  • Rural Economy Grows At Steady Pace
    Dec. 23, 2013 DBA, RJA, DAG Comment!
  • WASDE: Ending Stocks Dwindle On Higher Demand
    Dec. 10, 2013 DBA, CORN, RJA Comment!