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Quote of the Day
"Without deviation, progress is not possible."
Frank Zappa, (1940 - 1993), American composer, guitarist, and satirist
These comments include information from other sources and while they are believed to be reliable, there is no guarantee as to their accuracy and completeness. Therefore, Revillo Farmers Elevator does not guarantee its' accuracy or completeness. And as always these comments are as of this date and are subject to change without notice.
USDA officials are working on a trade program as planting season
continues across most of the country. The wet spring has led to expectations of
higher prevented planting acres than normal. Those farmers could lose out on
trade-aid payments if USDA structures the aid program based on actual
production as the department did in 2018.
See DTN Ag News. BTrade Aid Questions Loom...
Farmers took advantage of the short period of drier weather last
week, but, nationwide, corn planting progress stood at only 49% complete as of
Sunday, May 19, according to Monday's USDA NASS Crop Progress report.
See DTN Ag News. :^USDA Weekly Crop Progress...
For most of 2019, inclement weather has disrupted barge traffic along
the Mississippi, Ohio and Arkansas rivers. This has caused year-to-date grain
barge tonnages through the locking portions of the rivers to fall below the
three-year average and last year, according to USDA.
See DTN Ag News. 1^Cash Market Moves...
Wet weather in the Corn Belt at a critical time likely means less
overall corn production (through both yield losses and outright acreage losses)
and more soybean production. However, predicting the acreage numbers or the
market reaction remains a weeks-long project as we wait to find any insurable
planting window even into June.
See . FKub's Den...
Continued heavy rain and flooding are widely forecast for much of the
Midwest and Plains through the end of May.
See DTN Ag News. BMidwest, Plains to Stay Wet...
A Florida-based cattle trader has filed a class action lawsuit similar to action taken by Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America, or R-CALF USA, accusing the nation's largest meatpackers of conspiracy to drive down cattle prices.
Our View From the Cab Farmers are hoping for more sunshine and planting time as the calendar days slip away.
A Day In The Field
Grain Buying Policy
********* Trading Hours ********* Trade is Open 7:00 PM - 7:45 AM Sun Evening - Friday Morning Trade Resumes 8:30 AM - 1:15 PM Monday - Friday Notice concerning the pricing or selling of grain. We will purchase / price grain during the day up to 1:00 PM -- Except during the 45 min. pause. Scale Tickets marked "SELL" will be priced the following day when the grain futures resume trade, after 8:30 AM. If you want cash grain "Priced" that is dumped during the day, please inform someone in the offce. For pricing during after hours or during the day consider placing an open order. T h a n k Y o u !