Market Update

May 03, 2021


Grain Bin

Opportunities in the grain market.

We are entering an exciting season in the grain markets. Today’s prices are providing some great contracting opportunities for your 2021 crop. We have seen many producers contract a portion of their new crop corn and soybeans on the way up throughout this rally, and I would encourage all to make a plan and set selling goals prior to harvest. Whether that is selling a portion of your production today or having targets in mind, it is typically better to have a plan and be prepared. As the weather and other factors impacting prices change, so can your plan. 

We are also beginning the USDA weekly crop progress report season, which looks at both progression of the crop and rates the condition of the crop. These reports come out at 3:00 each Monday and can be helpful to watch to see how our crop is progressing nationwide. On top of these weekly reports, we will see monthly USDA reports on May 12th and June 10th, and the quarterly grain stocks and planted acreage on June 30th. If you have any questions about information on these reports either prior to their release or after, I will gladly answer them or keep you updated as to what the numbers tell us. 

Premier has a fleet of grain trucks and quality drivers to haul both your stored old crop grain and new crop grain out of the field. Contact Jory today at 608-308-4889 to discusss how Premier can help you get starterd on a plan or add value to your existing marketing strategy.
 

Jory Bossuyt

Grain Lead & Merchandising
 

Latest Posts

Mar 03, 2025
We’ve all noticed the surge in cattle market prices. Calves are now worth more than ever. In this lucrative market, investing a bit more in technologies that enhance the profitability of your calves makes even more sense.
Mar 03, 2025

Planting season is quickly approaching! If you have not met with your Premier Cooperative agronomist to get your 2025 crop plan together, now would be an excellent time. We are working on getting growers’ crop plans done, and making sure all our growers’ needs will be met by making sure all necessary seed, fertilizer, and chemicals are on hand for the 2025 season. With the lower prices in corn and soybeans, it is very tempting to cut back on inputs in response to declining revenues. However, by cutting inputs whether it be fertilizer, a herbicide pass, fungicide, or cheaper seed hybrids, it could cost you a lot more in the long run. 

Mar 03, 2025

With spring just around the corner, your cooperative is gearing up for another one of our seasonal rushes… spring planting season. Not only will we see our total employee count peak for the year, but nearly every asset in the company will be in use. While many businesses have equipment and buildings that are in use all year long, our grain and agronomy divisions have millions of dollars invested in some assets that only get used for a few months out of the year. It is critical that these assets are fully operational and ready to go when the season starts. Our agronomy operations team has spent the winter months going through all the equipment to make sure it’s in good working order, unwrapping and greasing up the new sprayers, trucks and other equipment we’ve purchased this year, updating technology and precision tools on existing equipment, and conducting hours of training on its use and safety.