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www.thelandonline.com — “Where Farm and Family Meet”
THE LAND — JULY 9/JULY 16, 2021
MARKETING
Grain Outlook USDA data is overshadowed by weather issues
Financial Focus Please leave home without it
acres, and Wisconsin down The following marketing 100,000 acres. analysis is for the week ending July 2. June 1 stocks were 4.112 billion bushels with 42.4 perCORN — What a ride this cent on-farm and 57.6 perweek! Corn started the week cent off-farm. This is the lowwith a bang on a drier foreest percentage on-farm since cast and extended those gains 1990 and the highest perafter bullish U.S. Department centage off-farm for this of Agriculture reports on June 30. Any market moving news PHYLLIS NYSTROM report since 1990. Stocks were down 18 percent from early in the week was overCHS Hedging Inc. last year, but near the 4.144 shadowed when the USDA St. Paul billion bushel trade outlook. showed U.S. growers planted fewer corn acres than the These reports drove corn to trade was anticipating and held small- lock up the 40-cent daily trading limit. er inventories than expected as of June The following session, corn ran higher 1. This year we needed an increase in early, but barely managed to close acres and nearly ideal growing condi- higher in the September and December tions to address the tight corn situa- contracts. States holding the most corn tion. Thus far, we haven’t had either as of June 1: Iowa with 820 million, which leads to ideas we won’t solve Illinois with 411.5 million, Nebraska supply issues in one year. with 503.9 million, and Minnesota with As of June 27, U.S. corn conditions 477.6 million bushels. were 64 percent good/excellent vs. 73 The United States isn’t the only one percent last year. On the weekly with weather issues. More attention is drought monitor as of July 1, 55 per- being drawn toward the drought in cent of the area from Kansas through Mexico. The lack of water and high the Dakotas was in moderate drought temperatures in key corn-producing or worse; 48 percent of the Midwest areas will be monitored as they enter was at least abnormally dry, but down their rainy season. Mexico gets 50 to 80 from 54 percent in the previous week. percent of the annual rainfall between Planted corn acres in the United July and September. They expect to States came in at 92.629 million acres produce 28 million metric tons of corn vs. 93.787 million estimated. This is up 1.81 million acres from last year’s 90.8 See NYSTROM, pg. 17 million planted acres, a 2 percent increase year/ year. Corn acres are up the most, year-on-year, in corn/change* soybeans/change* areas which are suffering Stewartville $6.32 -.23 $13.14 -.40 from unfavorable condi Edgerton $6.42 +.09 $13.30 -.22 tions. State acreage chang Jackson $6.23 -.25 $13.30 -.25 es vs. last year: Minnesota Janesville $6.30 -.04 $13.31 -.25 up 500,000 acres, North $13.19 -.36 Dakota up 1.65 million Cannon Falls $6.17 -.13 $6.12 -.11 $13.29 -.35 acres, South Dakota up Sleepy Eye 1.05 million acres, Illinois Average: $6.26 $13.26 down 100,000 acres, Iowa down 500,000 acres, Year Ago Average: $3.03 $8.41 Indiana unchanged, Grain prices are effective cash close on July 6. Nebraska down 500,000 *Cash grain price change represents a two-week period. acres, Ohio up 50,000
Concerns over identity theft your routing and account continue to grow — especially numbers, which may be used with the news of data breachto transfer cash. es at major companies and Receipts — Besides being financial institutions. bulky, they will contain the Unfortunately, you have little last five numbers of your credcontrol over when a company it card. A thief might be able is hacked. But you do have to “phish” to find the rest of control over your own actions. these numbers. MARISSA Ten things to leave at home: Passport — A thief could use JOHNSON Social Security card — A this to travel under your name, Profinium Social Security card may be Wealth Management open bank accounts, or even used to open credit card get a Social Security card. Not Advisor accounts and take out loans. good. Taking it out where it might Business cards — Consider a sepabe stolen is tantamount to handing the rate case and carry them in your pockkeys to the kingdom to a thief. et. Do you really want a thief to know As for seniors, while Social Security where you work? numbers have been removed from Securities and insurance products are Medicare cards, your Medicare offered through Cetera Investment Services Beneficiary Identifier number is also LLC (doing insurance business in CA as worth shielding (per the American CFG STC Insurance Agency LLC), member Society of Anesthesiologists, 2019). FINRA/SIPC. Advisory services are offered Multiple credit cards — Carry a sin- through Cetera Investment Advisers LLC. gle card for general use and emergen- Neither firm is affiliated with the financial institution where investment services are cies. Only carry another card if you offered. Advisory services are only offered by plan on using it that day. Keeping all Investment Adviser Representatives. those cards at home will save you conInvestments are: *Not FDIC/NCUSIF siderable time in reporting lost cards insured *May lose value *Not financial and disputing charges should your institution guaranteed *Not a deposit *Not purse or wallet become stolen. insured by any federal government agency. Gift cards and certificates — They’re The content is developed from sources like cash. Keep them home until you’re believed to be providing accurate informaready to use them. tion. The information in this material is not Spare keys — Your wallet or purse intended as tax or legal advice. It may not be contains your home address. No sense used for the purpose of avoiding any federal making the theft worse by endangering tax penalties. Please consult legal or tax professionals for specific information regarding your home and family. your individual situation. This material was USB drive — USB drives are very developed and produced by FMG Suite to convenient for carrying important files, provide information on a topic that may be of but they could be gone forever if your interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered wallet or purse is lost or stolen. investment advisory firm. The opinions Password cheat sheet — Carrying a expressed and material provided are for genlist of passwords makes it possible for eral information, and should not be considthem to fall into the wrong hands. Also, ered a solicitation for the purchase or sale of don’t carry a written record of ATM any security. Copyright 2021 FMG Suite personal identification numbers. It’s a To learn more about how Profinium is a sure way to lose cash fast. full financial health solutions center offerPersonal checks — Carrying around a ing banking, mortgage, insurance, trust and blank check is an obvious risk. Even a wealth planning services in Southern v canceled check is a risk, since it has Minnesota, visit Profinium.com.
Cash Grain Markets
Information in the above columns is the writer’s opinion. It is no way guaranteed and should not be interpreted as buy/sell advice. Futures trading always involves a certain degree of risk.
