News

In the past couple of weeks ethanol demand has slowly picked up as quarantine restrictions are slowly being lifted and ethanol plants are opening back up. The recent DOE ethanol report shows ethanol stocks down to 22,476 thousand barrels, becoming more in line with the 3-year range. Total production has been improving but is still 200-300 thousand barrels per day behind. TJ Fulton - Grain Marketer

Yesterday the USDA released the details on the CFAP.  While there are still some questions out there being answered here are a couple of the best links we could find to help describe the program: Ryan Brandts - Grain Marketing Manager

We would like to inform you of the board’s recent decision regarding the future of the Lakefield grain elevator. Several factors have led up to this after operating the grain elevator on a seasonal basis for the past two years.

Grains continue to try and catch their footing as ethanol demand continues to erode and a bearish March planting intentions report.  The USDA shocked the corn market by printing a 96.99 million acre estimate for the 20/21 crop. This was 2.66 million acres above the average trade estimate and 7.29 million above last year. Kyle Leary - Grain Marketer

The corn market has been taking the brunt of the beating the last month. OPEC and Russia are in an oil price war and thus have flooded the oil market with supply. In turn, we have seen crude oil drop from over $60 per barrel in January to near $20 per barrel in the last couple weeks. Good news if you are in the market to lock up your fuel needs, but bad news for the ethanol market. Megan Tusa - Grain Marketer

Last weekend an incident occurred at our Grain Elevator and Feed Mill in Janesville. Sometime between the close of business on Friday evening and late Saturday morning, the facility experienced an electrical failure, which resulted in an arc flash in the motor control center (MCC) room

Crystal Valley’s Grain Division has made a few changes to our policies to better serve our customers and to open more opportunities. Kyle Leary - Grain Marketer

With the highly anticipated USDA report coming out last Monday, I think it is safe to say that it shocked most people with the outcome. Corn prices plummeted after the USDA report forecasted higher corn plantings and planted acres. Chris Whitehead - Grain Marketer