Office (call or text): 705-313-2082
Donna: donna@maizeingacresinc.com
cell: 705-930-3488
Pete: pdarcher@xplornet.com cell: 613-391-9218 

 Hours: Monday to Friday 8:00 am - 4:00 pm

Jul 10th at noon, the USDA will bang the beehive again with the latest WASDE report. It will be interesting to see if the lower new crop production estimates and accompanying higher price from the June 30th report, is met with lower demand numbers going forward. Not saying it's going to happen but it's worth considering if you haven't made any new crop sales into a $24/t rally.... 

The market seems to be stalling out here this week. Funds have been able to shed quite a bit of their short without losing much skin. Sunday trade will be about weather forecasts. That keeps changing every few hours at this time of year. I would guess a wet forecast will spark more selling as the US still has 5.2 bil bu of old crop to chew through. July 10 is our drop dead date to take some forward contract action whether you like the price or not. We usually grow a crop and rain in the midwest next week would seal the deal. As the unknowns are removed from the market, risk premium gets extracted. If you remember when my old friend Roy Smith was up here a few years back, one of his "never" strategies was never hold old crop corn past Jul 10. Is he always right? Nope, but over time, if you adhere to it, it's a money maker. If you are under sold corn and beans, I would take some action here. Beans are a solid $20/t higher than where most got sold last fall. Call if you want to discuss your specific circumstances.    

Take a look at your 21 wheat position. For those who ran with our plan to hedge wheat in lieu of corn for next year, in anticipation of the spread coming in, it has worked beautifully. We have rolled out of some it to corn contracts as high as $214. I would look seriously at taking action here and putting more target orders in again to resell wheat at $250 and maybe we can "Play her again Sam!"

 Check those bins!!! We are starting to see unstable temps showing up. I always say if you are having trouble selling stuff somebody wants, God help you sell them something they don't want. We are looking for some more summer corn to Kawartha again if you need to move some.

Jeff is booking summer excavation projects, so let us know if you have anything we can help you with.

Local Weather