Hot Topics from Muscatine Ag

  • ADM Morning Grain Comments 10/19/17

    Good Morning,

    As of 7:30 AM

    Corn: DEC17 +1’2 @ 349’6; MAR18 +0’6 @ 363’0

    Beans: NOV17 +0’4 @ 984’6; JAN18 +0’4 @ 995’4

    Wheat: DEC17 +1’2 @ 431’2

    Crude: OCT17 -0.87 @ 51.19

    Thursday, October 19, 2017 by Michael Niemiec 

    Wheat prices overnight are down roughly 1 cent for the Winters, up 2 for Spring; Corn is up 1 cent; Soybeans up 1 cent; Soymeal up $1.00, and; Soyoil unchanged----------Chinese Ag futures (January) were down 9 yuan in Soybeans, down 7 for Corn, up 10 in Soymeal, down 30 in Soyoil, and down 12 in Palm Oil-----The Malaysian Palm Oil market was down 19 ringgit at 2,722, basis January, in still range-bound trade.

    The Midwest US weather forecast will have rains move into the west on Saturday and then east Sunday-Monday; signs now of rains in the eastern Midwest the second half of next week-----temps turning average to a bit below next week.

    The South American weather forecast has Argentina turning drier over the weekend and early next week before light to moderate rains return the second half of the week; moderate rains are seen falling in southern Brazil through the weekend with things dry in the north; the 6-10 day forecast has moderate rains falling in all of Brazil------temps look to be average to below in Argentina and southern Brazil for most of the next 10 days; average temps are seen for northern Brazil.

    The player sheet had funds net sellers of 3,000 contracts of SRW Wheat; net sold 5,000 Corn; were net even in Soybeans; net bought 1,000 lots of Soymeal, and; net sold 2,000 Soyoil-------------We estimate Managed Money net short 75,000 contracts of SRW Wheat; net short 159,000 Corn; net long 51,000 contracts of Soybeans; net long 20,000 lots of Soymeal, and; net long 27,000 lots of Soyoil.

    Preliminary Open Interest saw SRW Wheat up roughly 7,100 contracts; HRW Wheat down 285; Corn up 3,500; Soybeans up 8,500 contracts; Soymeal down 80 lots, and; Soyoil down 300 lots.

    In tender activity, Egypt is seeking optional-origin wheat----Japan bought 123,000t U.S./Canadian/Australian wheat----Jordan passed on 100,000t optional-origin wheat---

    Weekly wheat export sales estimated at 250,000t to 450,000t; corn 800,000t to 1.1 mt; beans 1.3 to 1.7 mt, meal 100,000t to 250,000t, and; soyoil 5,000 to 22,000t

    U.S. President Donald Trump sought to ease concerns that his administration would make major alterations to biofuels policy.

    Weekly U.S. poultry stats had eggs set up 4%, chicks placed up 2% versus the comparable week a year ago.

    The size of China's pig herd fell to 427.97 million during January to September, down 0.8 percent from the same period a year ago, while pork output rose 0.7 percent to 37.17 million tons.

    India’s wheat planting this year is expected to surpass last year's 31 million hectares on the back of better water availability and soil moisture

    INDONESIA SEPT PALM OIL OUTPUT LIKELY ROSE TO 3.63 MLN T VS 3.59 MLN T IN AUG - REUTERS SURVEY--------INDONESIA SEPT PALM OIL EXPORTS LIKELY FELL TO 2.69 MLN T VS 2.71 MLN T IN AUG -REUTERS SURVEY

    Palm prices may rise to $850/T on weak output recovery, tight stocks

    · Palm oil prices to rise by first quarter of 2018

    · 2017 output for Indonesia, Malaysia revised downward

    · Malaysia output in 2018 could rise to 19.97 mln T

    · Indonesia output in 2018 to 36.5 mln T to 37 mil T

    Support Resistance

    Nov Beans 980 994

    Dec Bean Oil 33.30 33.70

    Dec Meal 321.00 325.00

    Dec Corn 346 352

    Dec CGO Wheat 428 436

    Dec KC Wheat 426 433

    Dec MPL Wheat 606 615

  • Agrotain Field Study

  • Lawn Seed and Fertilizer

    Let Muscatine Ag help you achieve that beautiful, lush green lawn that everyone will envy. We carry a large variety of lawn seed and lawn fertilizer.

     

  • High Clearance Dry Spreader Now Available

    HIGH CLEARANCE DRY SPREADER APPLICATION BOOKING UP FAST!

    The 2014 custom side-dress was a huge success! So if you are considering side-dressing, whether we custom apply or you use a cart, a blend of urea/AMS is a great fit for this program. Give us a call so we can get you scheduled on our list.

    Some of the field friendly benefits are a 60 or 90 foot spread. This means fewer trips across the field and less turns on the end rows, not to mention the time savings!

  • Cover Crops

    Cover Crops!!
    As we rapidly approach the harvest season, cover crops are front and center of possible winter soil building for next years crops.
    Nutrient retention throughout the fall and winter months is the hallmark of fields utilizing cover crops, along with providing organic matter and erosion control.

    Getting Started
    Your management goals will play an important role in helping you decide which cover crop to use and how you manage it. For example:
    • Grasses utilize more soil nitrogen.
    • Legumes use both nitrogen and phosphorus.
    • Deep rooted species provide maximum nutrient recovery.
    • Species like rye will produce high volumes of organic matter if allowed to grow longer in the spring.
    • To maximize weed suppression, leave cover crop residues on the soil surface to maximize allopathic (chemical) and mulching (physical) effects.
    • Select species (i.e. oilseed, radish) that have a large tap root to help alleviate compaction problems.
    Because each cover crop performs differently you may want to consider mixtures of two or more species.
    http://www.nrcs.usda.gov/Internet/FSE_DOCUMENTS/nrcs142p2_005818.pdf
    Muscatine Ag is actively working with growers to provide specialized cover crop seeds and applications!
    If you are considering making cover crops part of your agronomy program, stop in or call us and let us assist you with the identifying of the right Cover Crop seed combination.
    Want your Cover Crop custom applied? Give us a call!!


  • Small Seed

    Muscatine Ag would like to be your small seed supplier for waterway seed, pasture mixes, oats, alfalfa, grasses, legumes and lawn seed. We also carry several types of lawn fertilizer.

     

  • New Hours

    Effective December 1, 2014 Muscatine Ag will implement new hours:

    Monday - Friday - 7:30 AM - 4:00 PM

     

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