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Wednesday, December 4, 2013, 8:34 am Submitted by: Dustin Weiner
It was a quiet overnight session and is expected to be a pretty quiet day session as well. There is a lack of fresh news in the marketplace to discuss. Stats Canada did come out with their production numbers this morning showing that Canadian farmers produced a record 37.53 million tons of wheat in 2013, up 38% from last year and also above market guesses. Canola production was also above guesses which is putting pressure on the soybean market.
Other than that – quiet. Weather in South America still looks good and winter is coming here in the U.S. with the two week forecast showing below normal temps and normal to above normal precip.
Friday, November 8, 2013, 7:46 am Submitted by: Dustin Weiner
Nothing much to say this morning as the market prepares for the 11am release of the November crop reports from the USDA. As you know, we haven’t seen data from the USDA since September, so this report will be very important in determining flat price and spreads for both corn and soybeans from here forward. The trade estimates are at the bottom of these comments, reflecting what the market is currently trading.
So. Expect a quiet trade up until 11am. Updated weather forecasts look cooler and drier for next week, the next chance of decent precip doesn’t show up until next weekend and even that is sketchy at best. This should allow harvest to get wrapped up most everywhere.
When it comes to preventing combine
fires, there are just two key points to remember: prevention and preparation.
Keep the machine clean. Power-wash to remove caked-on
grease, oil and crop residue. During harvest, frequently blow dry chaff,
leaves and other crop materials off the machine. Remove any materials that
have wrapped around bearings, belts and other moving parts. Be sure to
check those pockets where wires or lights are housed and chaff
Eliminate heat sources. Exhaust systems surfaces,
exposed electrical wiring and worn bearings, belts and chains can
potentially generate enough heat to start dust and crop residue on fire.
Check these areas daily and make repairs if there are problems.
Don’t park a hot combine in the shed or shop. After a
long day of harvesting, smoldering hot spots may be present in the
combine. If those spots suddenly flare up, at least you won’t lose the
Keep at least one fully-charged, 10-pound ABC dry
chemical fire extinguisher with an Underwriter’s Laboratory approval in
the combine cab.
Mount a second fire extinguisher on the outside of the
machine that can be reached from ground level.
Recharge partially discharged extinguishers.
Have a cell phone.
Have a plan. Turn off the engine, get the fire
extinguisher and your phone. Get out and get help.
Approach the fire with extreme caution. Small fires can
flare up quickly with the addition of air (by opening doors or hatches).
As most farms get larger and producers are farming more acres, having a Safety Plan for your team is increasingly important. Plan for
an injury- and incident-free harvest season. Develop a safety plan for the fall
training/operator refresher courses etc.
procedures in place and reviewed by entire team
such as wearing personal protective equipment, checking in regularly and
compliance with safety protocol procedures (such as shutting down
equipment before unplugging, taking regular breaks, working with a buddy
on specific tasks)
Most harvest injuries and fatalities involve machinery and equipment.
vigilant when re-familiarizing yourself with equipment such as swathers,
mowers, combines and augers. Never become complacent with equipment.
implements are attached or hitched properly and in good working order
manuals and follow maintenance guidelines.
guards and shields are in place and secure
changes in terrain such as holes, ruts or debris that may cause upsets or
Thursday, October 17, 2013, 8:02 am Submitted by: Dustin Weiner
Congress dodged a government default late last night by pushing – deciding to fund the gov’t until Jan 15th and increase the debt ceiling until Feb 7th. So… government employees are back to work today. In grain news, corn beans and wheat are working a bit higher this morning – traders are anticipating large export announcements from the USDA (once the data becomes available which could even be this morning). These rumors we have been hearing about China buying US grains/oilseeds could finally be proven or disproven.
Wednesday, October 16, 2013, 7:59 am Submitted by: Dustin Weiner
There is very little fundamental news in the marketplace to discuss today, the moves lately have all been technical (chart-driven) in nature. Corn has bounced higher the last few days, maybe on rumors about China in buying U.S. corn, but… when you look at a chart of Dec corn, it does look like we’ve put in a bullish reversal. Ever since CZ made new lows for the move Monday but closed higher – it has been steadily working upward. There is overhead resistance at $4.50 meaning CZ will likely have a hard time trading much higher than that. We are 6 cents away from that now.