Connection Spring 2015 - Page 12

GRAIN RECAPS Waiting on the rain Planting decisions delayed by weather R By Lindsey Bowers ain! Rain! Rain! That’s definitely been the theme of the weather since our last publication, and though the replenished sub moisture was greatly appreciated, we are all ready for some sunshine. Many producers were able to get some fertilizer out during grace periods from the weather, but few have really begun to plant. When we finally get some good drying conditions, fertilizer rigs and planters will be full throttle ahead. Until then, we really don’t know what is going in the ground this year. The untraditionally high milo basis, bleak corn and soybean futures, and weather have completely stalled confirmation of true planting indications. We will be sending out planted acres surveys in late March/early April. With the added uncertainty in the market 12 conditions and weather this year, we decided to delay sending surveys in hopes that when we did there would be a higher level of confidence in the acres reported. Surveys are crucial to the grain department. They allow us to set up customers and farms ahead of harvest so the scales run smoothly, market both pool and non-pool grain, and allow us to adequately leverage our storage. The 2014 corn and milo marketing pools have each made two progress payments representing a significant portion of the equity, but not the balance. We currently have call positions in May and July, which should allow us to participate in any upside due to planting intentions and planting delays in the Corn Belt. Although the entire milo pool has been sold and shipped, we still have roughly 25 percent of the corn pool left to sell. Basis levels and significant sales this year have been stagnant to say the least. We are working hard to secure additional sales on the balance of the pool as well as grain in storage. Last year’s harvest with respect to the software went more smoothly than we could have anticipated. New features were fully implemented, while others were restored. Scale tickets and contracts can be e-mailed. If interested in this feature, please send an e-mail with subject line “Enroll in E-mail” to lindseyb@ unitedag.net with your account name and e-mail address. Also, you may now view your load summaries online. If you have questions about accessing this information please contact Lane via e-mail at lanes@ unitedag.net. The grain department is ready and willing to assist with any questions you may have. We are hoping for better planting and ideal growing conditions.