RECAPS GRAIN
to sell another 30 percent. We also have several
producers who have begun contracting next
year’s crop. We strongly encourage our producers to develop a market plan and consider
beginning to market next year’s grain crop. As
this is written, December 2014 Corn Futures
are trading at roughly $4.66 and, though we
have sold the last several crops much higher
than this price, it is a good price to get started.
The projected prices for new crop are still a
big question mark. What we know is that the
corn yields this year are likely to exceed 160
bushels per acre. The harvested acres is a wild
card. The U.S. has lost a significant portion of
our export business to the Black Sea Region
and Brazil, and U.S. corn demand for ethanol
should recover some, but very little in feed.
United Ag has many ways to help you create
pricing floors while limiting production risk.
Please contact the grain division to learn more
about contracting or to start contracting.
We have been putting checks in the mail
lately. In the last two months, we have made
two milo progress payments totaling $5.00 per
cwt and one corn progress payment for $2.50
Main Bank
202 E. Jackson Street
P.O. Box 470
El Campo, Texas 77437
(979) 543-3349
United Ag has many ways to help you create
pricing floors while limiting production risk.
per bushel. We have sold and priced all of the
milo and corn marketing pools at this time,
but are still shipping on these contracts and
being paid. We still have a call position in place
and will keep this on until we can capture a
few cents on a small rally or until they expire.
At this time, we will look to pay out the remaining equity in both pools. We are proud of
this year’s marketing pool performance and attribute its success to marketing a portion of the
crop starting in October of 2012. Also, United
Ag recently began distributing the United Ag’s
Reward Program checks. These were earned by
producers who purchased a percentage of their
inputs from the coop and marketed their grain
through the elevator. Please contact the grain
department or agronomy department to find
out more about this program