Grain News - September 2016
Friday, September 30, 2016
Laura Horejsi

EET Patrons,

I hope everyone had a great summer and enjoyed the Wood Lake Fair - I know I did. The summer flew by and all of a sudden we’re right on the verge of another harvest. We spent August cleaning bins and getting our equipment, facility, and piles ready for the new crop. Our plan is to get you in and out as quickly and safely as possible. Harvest hours will be normal business hours plus extended hours and weekends when weather and harvest pressures dictate. Just to give you an idea of hours, 7:00 a.m. – 8:00 p.m. is what we will tentatively plan on in ideal harvesting conditions. Hours will be posted on the scale window each day and my cell phone will be an open line to contact me 507-829-1531 if you have any questions about hours when we get into harvest.

Crops look great for the most part in the key U.S regions at this point. The USDA is predicting a 175.1 bpa corn yield with a total production of 15.15 billion bushels. Soybeans are projected at a 48.9 bpa yield, with total production at 4.06 billion bushels. These are some staggeringly high numbers, but with the current low prices the export and processing demand for both crops has been eating away at our supply and keeping the predicted carryout numbers fairly in check. Let’s hope this keeps a floor underneath current price levels moving forward and we get some opportunities to price grain in the black again.

This summer the board approved a few changes to our grain policies which will be implemented September 1st. Moisture and storage policies are summarized below, and full discount information is attached.

Corn

Soybeans

I look forward to seeing how this crop turns out, and hope everyone has a great harvest. Let me know if there’s anything you need from EET as we gear up for the busy season.

Jory Bossuyt,
Grain Merchandiser

Grain Team: Pam Redetzke, Nathan Bahn & Johnnie Brandts

Article originally appeared on EET Wood Lake (http://eetwoodlake.com/).
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