The Month of January will bring many vital USDA reports that will certainly impact the corn and soybean balance sheets as well as price volatility moving forward.
These numbers of course are ever changing, and they will do just that over time. Weather impacting South American production will continue to be watched closely along with potential continued Chinese purchased from the United States.
Let us examine the current balance sheet outlooks for corn and soybeans as prepared by Advance Trading’s Research Department, and then let us look at vital upcoming reports from USDA for the important month of January 2021.
Hay Report
Heath Dewey has the Colorado Hay Report from the Greeley USDA Livestock, Poultry and Grain Market News Office.
Heath says trade activity light on moderate to good demand for feedlot and dairy hay, light on good demand for Stable and Farm and Ranch quality hay.
Mountains and Northwest CO Hay (Conventional)
Orchard/Timothy Grass - Premium (Trade/Per Bale) Qty Price Range Wtd Avg Freight/Use Description Crop Age
Small Square 627 7.50 7.50 F.O.B.-Retail 1st Cutting New Crop Prairie/Meadow Grass - Premium (Trade/Per Bale) Qty Price Range Wtd Avg Freight/Use Description Crop Age
Medium Square 3x3 42 90.00 90.00 F.O.B.-Stables 1st Cutting New Crop
OPINION: Mrs Smith s Tips for New Lawmakers | Opinions capjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capjournal.com Daily Mail and Mail on Sunday newspapers.