USDA Report - June 30

Jun 30, 2023


Taylor Bensenberg is a Grain Originator at River Valley Cooperative and gives insight into the USDA report. The USDA released its report on June 30th. The report shows the stocks and acres with no update to the balance sheets, no world numbers, and no yield changes.

The June 1st stocks show that corn is within the trade estimate at 4.106 billion bushels. Then beans are below the trade estimate at 796 million bushels. With the June 1st acre report the USDA states a similar story with corn acres within the trade estimate at 94.096 million acres and beans well below the trade estimate at 83.505 million acres.
This shows a very bullish bean market with a bearish corn market. Corn has dropped around 30-35 cents while beans rose 70-75 cents. In the future, we will see some changes in the supply and demand market of these grains come the July report.

The grain market has been very volatile over the past few weeks. Right now, we are seeing a textbook weather market meaning the market is heavily dependent on what the weather conditions are. The markets tend to overreact to the June weather, and they tend to mellow out a bit in July.

For the July 4th weekend we will see the markets open normal hours on Monday closing at 1:30 p.m. and reopening on Wednesday at 8:30 a.m. July 5th.
 

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Jul 31, 2025
Every year, River Valley Cooperative asks its over 3,300+ farm business owners to vote for representation in our boardroom. Ten of our member-owners serve on your River Valley Cooperative board, representing the rest of the owners. Iowa board members include Brent Daufeldt, Neal Keppy, Nick Novak, Matt Parrott, and Joe Sperfslage. Illinois board members are Brian Corkill, Randy Haars, Doug Nelson, and Ken Nelson, along with associate member, Thad Bramm.

 
Jan 03, 2025

To: All persons who, in the ordinary course of business, lease or rent tangible personal property

This bulletin is written to inform you of recent changes; it does not replace statutes, rules and regulations, or court decisions.

Effective January 1, 2025, if you lease or rent tangible personal property in the ordinary course of your business, you are considered a retailer subject to Illinois’ Sales and Use Tax laws, and you must register with the Illinois Department of Revenue (IDOR) and pay tax on your lease or rental receipts. See P.A. 103-592.

Oct 17, 2024

Seth Landwehr, Decision Ag Specialist

Harvest is in full swing, and it’s easy to look at the hybrid or variety planted as the sole dictator on yield. Don’t forget to also consider the fertilizer and chemical decisions made throughout the year that went into this crop. Make sure the hard work and time that you put into this crop doesn’t get forgotten or lost. Collecting harvest information across your farms is a great way to dissect this year’s decisions while analyzing next year’s to drive future decisions. Reach out if you would like help gathering your harvest information to help break down this year’s yields.