Corn export sales of 60.8 million bushels is a marketing year high and brings to the forth week in a row now that exports sales have been above what is needed weekly to reach USDA projections of 1.75 billion bushels.
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Full Report
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Clearly the positive price action in CBOT corn futures during the past couple of weeks has restored, at least, some of the lost hope of having a meaningful rebound to sell unsold inventory as well as a return to profitable price levels for next year’s crop.
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Many producers appear to be frustrated with planting and marketing plans for 2009. Final decisions will be made after March 1st as they are waiting for crop insurance price guarantees to be determined and a better idea of how spring weather could unfold.
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Read On...
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The high corn prices of last summer continue to have an impact on ethanol production here in the Western Cornbelt. Bankruptcy seemed to be the easiest way out for strapped ethanol plants as the energy market came unraveled. One bright spot in all of this was Husker Ag,
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We're taking a different approach to our weekly eSnapShot newsletter. Our branch offices are getting in on the act to bring you more regionalized news. Any feedback you have is greatly appreciated.
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