This is Jeremey Frost with some not so fearless comments from www.dailymarketminute.com for Wright on the Market. I want to say thanks to Roger for allowing me the opportunity to share some of my thoughts with his customers on the grain markets. But before I do that I want to share with you a little about me and what I do. I am a former CHS Grain buyer for 20 plus years before going out on my own.
I buy and sell cash grain for Banghart Properties, we mainly buy specialty crop grains such as sunflowers, millet, milo, canola, flax, and safflower. But we also help farmers market corn, wheat, and soybeans. We are licensed and bonded in SD, ND, and CO as cash grain buyers/brokers, while also having proper paperwork in other states that don’t require brokers to have licenses. If you are ever looking for bids on any grains and especially grains like sunflowers make sure you give me a call at 605-295-3100 or Wade a call at 605-870-0091.
Me and my son Sebastian also do a grain marketing newsletter advisory service. It is called www.dailymarketminute.com, we do audio commentary on the markets 2-3 times a week, a weekend newsletter that is very unique, and we send out other commentary for the markets. We get our information from various market contacts, but we also subscribe to several other grain market advisors. This allows us to help farmers get the best information out there without having to subscribe to 10-15 different advisors and it is what the name daily market minute comes from trying to give farmers everything they need in less time.
Our big motto this year has been helping farmers become grain price makers instead of grain price takers.
We love the fact that Roger is all about doing what is right for the farmer. That is what we are about as well. We want to tell the farmer when the elevator or buyer is trying to rip off the farmer. We want to be part of the reason farmers are successful so our main goal is to help farmers do what is right for their operation in their given situation with the risk-reward profile that is them.
Highlights
The U of Illinois had a very good article out the other day regarding China. Here is the summary of it. Summary
Increases in yields have not kept pace with China’s increasing consumption of feed grains and oilseeds, thus necessitating the need for more land.
Based on historical time trends, China now needs roughly 8 million more acres per year to satisfy its growing consumption of feed grains, oilseeds, and food grains.
The World now needs roughly 16 million more acres per year to satisfy its growing consumption of feed grains, oilseeds, and food grains, implying China’s share of needed additional World acres is roughly 50%. China’s share of additional World acres has fluctuated around 50% since the mid-1990s.