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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
November 20, 2024
Just a reminder, all December corn and wheat basis contract and HTA contracts must be priced or rolled by November 27, 2024 at 2:15 PM.
Market comments.
Markets were higher early, sold off and closed mixed on the day. Corn ended the day up 3 cents, wheat up 2-3/4, and beans were down 8 cents. Russia/Ukraine continues to be the headlines. U.S. and others have closed their embassy expecting a major attack on Kiev by Russia. Will Ukraine continue to fire missiles into Russia? USDA announced a sale of 202,000 MT of soybeans to China and a 226,200 MT sale of soybeans to unknown, both for the 24/25 marketing year. Weekly oil inventory report was released today. Crude oil stocks were 430.3 million barrls, up 600,000 from the previous week and 17.8 million below last year. Gasoline stocks were 208.9 million barrels, up from 206.9 the previous week and below last year at 216.4 million barrels. Distillate stocks were 114.3 million barrels, down 1000 from the previous week and 8.7 million above last year. Ethanol production stayed strong at 1.110 million barrels per day, down 3,000 from the previous week and 87,000 above last year. Ethanol stocks were 22.563 million barrels, up 524,000 from the previous week and 911,000 above last year. Total ethanol production continues to run ahead of last year, when will the USDA adjust corn usage? Weekly export sales will be released tomorrow. Dollar was strong again today up 492 at $106.685, gold was up $12.40 at 2652.40, and silver was down 362 at $30.900. Stocks were mixed with Dow futures up 130, Nasdaq down 41, and S & P down 4. Crude oil down 17 cents at $69.07, Heating oil down .7 cents, and gasoline up 1.1 cents per gallon.
Support on Dec corn and $4.24 and $4.21-1/4 and resistance at $4.31-3/4 and $4.34-3/4. Support on January beans at $9.86-1/4 and $9.75-1/4 and resistance at $10.01-1/2 and $10.05-1/2. Wheat support on Dec at $5.43 and $5.32-3/4 and resistance at $5.56-3/4 and $5.61.