Please have all feed orders in accordingly.
Good Morning: Grain markets firmer as we continue this weather-related rally; corn has closed higher for 9 consecutive days. The U.S. Dow is sharply lower as it has been reported that trade talks with China are going backwards China’s domestic food security has already been ravaged by African Swine Fever and under increased pressure from the U.S./China trade war, could be further affected by a rapidly spreading fall armyworm. Farms in southern China have already been affected and as temperatures heat up it could begin to spread to the Northern regions. There are no trade talks officially on the agenda between China and the US. However, Presidents Trump and Xi are expected to acknowledge one another at the upcoming G20 meeting at the end of June in Japan. China imported 136,517 tons of pork in April; up 24% versus a year ago, as concerns of a meat shortage continue to grow. This marks the biggest monthly volume since September of 2016 when they imported 140,000 tons. Compared to last year, China has imported 8.4% more pork in the first four months of the year. 2019/20 estimated corn balance sheets continue to be adjusted, with corn acres and yield being adjusted lower. Soy production possibly declining as well amid diminished yield and acres No change in Midwest weather pattern as daily soaking rains will continue across the Central Plains and western Midwest throughout the next 10 days. The only good news is that temps will warm near normal. Have a great day! Wayne Kollis - Melissa Peters - Mike Rosenberg - Matt Zeman - Austin Behrendsen
Thu 5/23
Fri 5/24
Sat 5/25
Sun 5/26
Mon 5/27
High
65 F
75 F
78 F
74 F
Low
47 F
56 F
54 F
59 F
Precip
57%
80%
20%
60%
ISU Crop Insurance Information...
If we see another 5-10 cent pop from here, I would really consider a minimum price contract for a portion of your old crop corn....
CFE's agronomists can walk you through this and help make your success the best possible....
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