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THE LAND — JULY 9/JULY 16, 2021
MARKETING
Grain Outlook USDA data is overshadowed by weather issues
Financial Focus Please leave home without it
Exchange put Argentina’s The following marketing corn harvest at 56 percent analysis is for the week endcomplete, well behind last ing July 9. year’s 86 percent complete CORN — A large collective pace. They kept their corn “Ouch!” was heard across the production estimate at 48 corn market when traders mmt. returned from the long Fourth The July World Agriculture of July weekend to broadSupply and Demand based selling. Rain over the weekend and forecasts for PHYLLIS NYSTROM Estimates report may be behind us by the time you cooler temperatures and betCHS Hedging Inc. read this, but the average ter chances of rain pushed St. Paul trade estimate for U.S. corn corn down its 40-cent daily yield was 178.8 bushels per limit! Money guys continued their risk-off stance and exited long acre with production of 15.115 billion positions. Prices drifted lower through- bushels. The June U.S. Department of out the week, closing lower every day. Agriculture balance sheet used 179.5 bu./acre for a crop of 14.99 billion Corn took out the June lows ahead of bushels. the weekend. December corn hit a high The 2020-21 ending stocks were of $6.11.25 on July 1 and traded to a low of $5.07 on July 9 — a drop of pegged at 1.088 billion bushels vs. $1.04.25 or 17 percent from the July 1.107 billion in June. The 2021-22 ending stocks were forecasted at 1.402 bilhigh! lion bushels vs. 1.357 billion bushels in The weekly drought monitor showed June. We have seen estimates for new 45.5 percent of the Midwest was abnorcrop ending stocks as low as 920 milmally dry, down slightly from last lion bushels from a well-known private week, but the area in severe drought consultant. World ending stocks for rose from 7 percent to 12.1 percent. 2021-22 were estimated at 288.97 mmt Crop conditions for the week ended vs. 289.4 mmt in June. July 4 were steady at 64 percent good/ Weekly export sales were in the lower excellent compared to 71 percent last year. South Dakota had nothing in the half of expectations at 6.8 million bushexcellent category. Weather heading els for old crop and 7.8 million bushels into pollination has improved, export See NYSTROM, pg. 19 sales have been slow, and we’ve seen funds exit length — all contributed to the sell-off. Early safrinha corn corn/change* soybeans/change* yield reports out of Brazil were “better than expect- St. Cloud $6.07 -.02 $14.05 +.85 ed,” but no numbers were Madison $6.13 -.08 $13.73 +.68 seen. Conab this week cut Redwood Falls $6.16 -.08 $14.00 +.60 their crop estimate 3 mil- Fergus Falls $6.11 -.08 $13.60 +.60 lion metric tons to 93.4 Morris $6.11 -.07 $13.55 +.50 mmt. This is still well Tracy $6.22 -.15 $13.93 +.55 above private estimates that are closer to 85 mmt. Average: $6.13 $13.83 AgRural lowered their Brazilian corn estimate to Year Ago Average: $2.78 $8.09 85.3 mmt. The USDA in Grain prices are effective cash close on July 13. June was 98.5 mmt. The *Cash grain price change represents a two-week period. Buenos Aires Grain
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.
