THE LAND — OCTOBER 29/NOVEMBER 5, 2021
www.thelandonline.com — “Where Farm and Family Meet”
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MARKETING
Grain Outlook Corn market experiences mysterious boost
Financial Focus A penny saved is two pennies earned
Install a programmable The famous saying from Poor The following marketing Agriculture. China has purthermostat to automatically Richard’s Almanack is analysis is for the week endchased 468.5 million bushels lower the heat or air condiing Oct. 29. so far this year, but only 47.2 frequently misquoted. It was tioning because (let’s face it) published by founder million bushels since May. CORN — Some weeks you you forget to do it. Benjamin Franklin in 1737: just want to throw up your Argentina has rain in the “A penny saved is two pence Devices which offer “instant hands and say, “why now?” forecast for the first week of clear.” Finding ways to manage on,” or continuous display (e.g., This was one of those weeks. November. It’s estimated expenses is one of the TV, cable box and recharger) they have 28 percent of their cornerstones of a sound Corn staged an impressive use energy non-stop. Consider corn planted vs. 36 percent on MARISSA rally this week with the PHYLLIS NYSTROM financial strategy. (The a power strip to reduce their average. The U.S. attaché in Franklin Institute, 2020) JOHNSON December contract slicing CHS Hedging Inc. electrical use by shutting off Argentina raised their proProfinium through the 100-day Moving St. Paul Here are some simple and Wealth Management the power strip at bedtime. duction outlook to 54.5 milAverage technical resistance lion metric tons compared to inexpensive energy-saving Plug up the air leaks in your Advisor and closing above it for the tips that may help you save the USDA’s 53 mmt estimate. home through weather stripfirst time since mid-August. There was money. ping or caulking; install door sweeps to not a singular headline anyone could Brazil’s first corn planting was 64 perblock drafts. Close the fireplace damper point to for the jump higher at mid- cent complete vs. 57 percent on average Audit first.. To better understand where opportu- when not in use. week; but inflation fears, managed as of Oct. 26. Argentina will need to money buying the market, and a strong continue to receive timely rainfall nities may exist for improving energy Be sure to have your heating system ethanol market with rumors of the pos- while Brazil’s crop is going in favorable efficiency, consider an energy audit. serviced to ensure maximum efficiency. Perform one yourself by purchasing a sibility of higher ethanol exports were conditions. Install a water heater blanket and all cited as factors for double digit gains. Outlook: Corn has found legs and home energy monitor, which tracks turn it down to 120 degrees. Not only is your energy use and a handheld air Growers took advantage of the better moved up its trading range to $5.30 to leak detector to identify windows, doors a higher temperature wasteful, but a prices to sell overrun bushels plus a $5.80 per bushel. The Nov. 9 World and other areas of the home that are lower temperature is a safety precaufew more, but basis levels were able to Agriculture Supply and Demand tion for younger children. Lower it to a drafty. absorb the selling. Processors don’t Estimates report will provide further minimum temperature when you leave Also, your local power utility may for vacation. want to miss any available bushels and insight into whether this new level is offer in-home energy audits or related basis has been very firm for this time of warranted. For many, the cost of running their year. A volatile U.S. dollar made for Rain has delayed harvest progress services that can help identify remediautomobile(s) can be higher than their ation opportunities. some interesting watching; but it felt around the Corn Belt, but bin doors are home. Here are ways to save: tune up like corn was somewhat divorced from slamming shut and it will take some ..Then act your car; check your tires for proper the dollar this week. persuasion to entice bushels back out. Consider these do-it-yourself ideas inflation; and eliminate weight — Weekly ethanol production was the We saw one daily export sales announce- that may offer immediate savings at empty that trunk! As always, drive very little cost: second-highest weekly total ever — See NYSTROM, pg. 20 sensibly by eliminating excessive increasing 10,000 barrels per day to idling, aggressive driving and observ1.106 million bpd. The production ing the speed limit. record was set in December 2017 at Securities and insurance products are 1.108 million bpd. Ethanol stocks fell offered through Cetera Investment 155,000 barrels to 19.925 million bar corn/change* soybeans/change* Services LLC (doing insurance business rels. Margins were excellent at 86 cents in CA as CFG STC Insurance Agency St. Cloud $5.53 +.43 $12.26 +.28 per gallon. Gasoline demand over the LLC), member FINRA/SIPC. Advisory Madison $5.59 +.41 $12.33 +.08 last four weeks averaged 9.6 percent services are offered through Cetera Redwood Falls $5.53 +.33 $12.36 +.38 higher than last year. Investment Advisers LLC. Neither firm Fergus Falls $5.58 +.44 $12.26 +.18 Weekly export sales were near the is affiliated with the financial institu Morris $5.58 +.41 $12.31 +.23 bottom of expectations at 35.1 million tion where investment services are Tracy $5.65 +.46 $12.35 +.37 bushels. We had a fresh export sales offered. Advisory services are only announcement of 11 million bushels of offered by Investment Adviser Average: $5.58 $12.31 corn to Mexico. Total corn commitRepresentatives. Year Ago Average: $3.59 $10.02 ments are down 2.6 percent from last Investments are: *Not FDIC/NCUSIF year at 1.173 billion bushels; but yearGrain prices are effective cash close on Nov. 2. insured *May lose value *Not financial on-year exports are forecasted to down
Cash Grain Markets
11.2 percent by the U.S. Department of
*Cash grain price change represents a two-week period.
See JOHNSON, pg. 20
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.
