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Ag Plus meets producers' grain marketing needs by providing access to end-user markets, competitive bids, and pricing programs. Our experienced team offers competitive prices, transportation needs, drying, and storage services. We take pride in unloading grain quickly during the high-volume harvest season so your operation doesn't experience bottlenecks. If you have any questions, please contact Dave, Nathan, Laura, Larry, Mark, or Ron for your grain marketing needs.
Ag Plus will pick up grain from the farm with our semi-trucks. If you have farm storage or are looking at grain pick up from the farm during harvest, talk to us about what we can do for you. Contact Dave Reichhart or Mark Marshall at 260-723-5141 for more information.
Wanting to learn how to manage Vomitoxin??
Click on the link below to find the video!
Corn School Managing Vomitoxin
January 21, 2025
We would like to encourage our grain customers to sign up for ACH payments on grain. Postal rates continue to climb, service continues to have delays and losing mail. We will continue to mail or e-mail you settlements to you. ACH payments will be in your account the next business day after settlement. If you are interested, please contact your local grain branch for the forms you need to complete. If you have any additional questions contact your local branch or Amber Hale at 260-723-5141, ext. 106.
Markets opened higher last night led by wheat and beans. Dr. Cordonnier left the Brazil soybean crop unchanged at 170.0 MMT and corn unchanged at 125.0 MMT. He lowered the soybean crop in Argentina by 1.0 MMT to 51.0 and the corn crop in Argentina down 1 MMT to 48.0 MMT. Last year Brazil beans were 153.0 and corn at 122.0 and Argentina beans at 48.2 and corn at 50.0. Dollar was weaker today supporting grains. Corn is trading at the highest level since last May and beans since last June. Brazil soybean harvest is behind last year at the slowest pace since 2010/2011. Weekly export shipments were released this morning because of the holiday yesterday. Corn shipments were 60.7 million bushels, above the previous week at 56.8 and last year at 29.4 with 39 to 53 expected and 51.2 needed per week. Soybean shipments were 35.8 million bushels, down from 49.9 the previous week and 43.5 last year with 46 to 59 expected and 19.3 needed per week. Wheat shipments were 9.6 million bushels, below the previous week at 11.0 and last year at 11.6 with 11 to 18 expected and 19.1 needed per week. Funds on Friday were long 34,833 contracts of beans in the weekly report, first time they have been long beans since December 2023. Corn traders were long over 300,000 contracts of corn. The Dollar was down $1.338 at $107.865. Gold was up $7.60, silver was upl 364 points. Stock indexes had a strong day after the speech from President Trump. Dow futures were up 576, Nasdaq up 177, and S & P up 59. Cold weather was not enough to support fuels with Crude oil down $1.79 at $78.47, Heating oil down 5.3 cents and Gasoline down 2.3 cents. President Trump commented yesterday he wants the U.S. do increase fuel production, fill the Strategic Reserve and start exporting oil and gasoline from the U.S. No tariffs have been implemented at this time but he indicated he would be doing tariffs on the countries supplying products that compete with the U.S. Time will tell?.
Support on March corn is $4.80 and $4.71-3/4 and resistance is at $4.90 and 5.00. Support on March soybeans is $10.23-1/2 and $10.12-3/4 and resistance at $10.67-1/4 and $10.77-1/4. Wheat support on March at $5.40-1/2 and $5.29-1/4 and resistance at $5.69 and $5.75.