Ag Plus meets producers' grain marketing needs by providing access to end-user markets, competitive bids, and pricing programs. Our experienced team provides competitive prices, transportation needs, drying, and storage service, and 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 feel free to contact Dave, 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 for more information.
Watch the video below for a walkthrough on applying for USDA payments through the Coronavirus Food Assistance Program, and follow the link to get to the calculator!
Wanting to learn how to manage Vomitoxin??
Click on the link below to find the video!
Corn School Managing Vomitoxin
May 24, 2022
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Non-GMO corn and beans
We have a grain buyer looking for truckloads of non-GMO old-crop corn and beans. If you have uncommitted non-GMO corn or beans in farm storage that are not sold, contact Dave Reichhart to discuss.
Trucking/On-farm pick up
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 trucking we might be able to do for you. Contact Dave Reichhart for more information.
Closing Market Comments
Markets traded 2 sides today. Markets were lower overnight as traders reacted to better than expected planting progress. Corn traded mostly lower pressured by the estimated corn production from the Ukraine of 25.2 mmt for 2022. The previous estimate was 18.5 mmt. China makes plans to accept Brazilian corn by signing the Protocol on Phytosanitary Requirements which could reduce US export potential. Beans were pressured by the lower corn market, but old crop closed up 6 and new near unchanged. Concerns of tight supply continues to support the bean complex. Wheat closed sharply lower on higher than expected Ukrainian wheat production estimates for 2022. The Dow traded lower early but is up 76 points currently. The Nasdaq is lower along with the US dollar. Crude is sideways to slightly lower. Gold and silver are up.
. The weekly crop progress report was released yesterday at 4. Corn planting was at 72%, up from 49% the previous week, below last year at 89%, below the 5 year average at 79% and close to expectations of 72 to 74%. IN was up 24% at 65, IL up 23 at 78, OH up 21 at 52, MI up 29 at 60, IA up 29 and 86, MN up 25 at 60, WI up 27 at 61, NE up 23 at 85, SD up 31 at 62, and ND up 16 at 20. Prevent plant cut off in the northern Plains is May 25th. Corn emerged was 39%, up from 14% last week, below last year at 61%, and below the 5 year average of 51%. IN was 32%, IL at 48, OH at 24, MI at 18, IA at 47, MN at 24, WI at 26, NE at 48, SD at 11, and ND at 1. Soybean planting was 50%, up from 30% last week, below last year at 73%, and the 5 year average of 55% with traders expecting 48 to 50%. IN was up 22% at 50, IL up 24 at 62, OH up 18 at 36, MI up 15 at 47, IA up 35 at 69, MN up 21 at 32, WI up 23 at 49, NE up 28 at 72, SD up 19 at 34, and ND up 5 at 7%. Soybeans emerged were 21%, up from 9% the previous week, below last year at 38%, and below the 5 year of 26%. IN was 20%, IL at 27, OH at 12, MI at 13, IA at 18, MN at 7, WI at 14, NE at 27, SD at 4, and ND at 0%. Winter wheat was rated 28% good/excellent, up 1% from last week and 19% below last year. IN was unchanged at 65%, IL up 3 at 55, OH up 2 at 62, MI unchanged at 49, WI up 4 at 83%. Hard Red Winter Wheat was TX at 5%, OK at 10%, KS at 25%, NE at 31%, SD at 30%, and ND at 65%. Winter wheat headed was 63%, up from 48% last week, below last year at 65%, and below the 5 year average of 65%. IN was 40%, IL at 71, OH at 29, MI at 2, and WI at 0. Spring wheat planting was 49%, up 10% from last week, below last year at 93% and below the year average of 83%. MN was up 6 at 11%, Sd up 16 at 94, ND up 10 at 27, MT up 15 at 85, ID up 5 at 90, and WA up 5 at 96. Markets will be closed on Monday, May 30th in observance of Memorial Day.
The support on July corn is $7.68 and $7.50 with resistance at 7.88-1/2 and $7.92. Contract high is $8.24-1/2. Support on December 22 corn is $7.26-3/4 and $7.15 and resistance is $7.40 and $7.50. Contract high is $7.66-1/4. Support on July soybeans is $16.63 and $16.52-3/4 with resistance at $17.22-1/2 and $17.41. Contract high is $17.41. Support on November 22 beans is $15.06 and $14.87 and resistance at $15.34-3/4 and $15.43-3/4. Contract high on November beans is $15.55. Support on July wheat is at $11.68 and $11.50 and resistance is at $12.08 and $12.58. New contract high is $12.84.