I am approaching this question on the different side of the equation.  I am not a producer, I am a consumers.  I work at a grain elevator.  So when products are shipped from the elevator to a large processor, what are those products used for? In this post, I will use corn as an example, and we will talk about  Tate & Lyle as the processor.
 


There are many Tate Lyle locations in the United States, and their headquarters is located in London.  There are two processing plants located in Lafayette, Indiana. One on the north side, another on the south side.  The north plant takes waxy corn and the south plant takes commercial corn.  Corn can be shipped in by truck or rail.

When most consumers think about corn, they think about the corn being fed for livestock consumption.  There are many products consumers use that are delivered to these processing plants. You can check out the brands websites.
 

Tate & Lyle said consumers make up for 75% of their consumption of products.  Their products range from food, starches, gums, ethanol, pharmaceutical care, cosmetics and feeds.

The list is long of the products made from corn. 
Ethanol
Drywall
Adhesives
Cosmetics
Waxed Paper & Waxed Cardboard
Bio-engineered Bone & Gum Tissue
Splenda & Equal
Windex
Varnish
Toothpaste
Matches
Paving Bricks
Coated Asprin
Tires
Jelly Beans & Licorace
Molded Plastics
Spark Plugs
Diapers

Splenda, a sweeter you are probably familiar with, has a sugar like taste and a sweetening power 600 times more than regular sugar.  Sucralose was discovered by Tate & Lyle in 1976 in London.  Splenda was launched in 1992. Sucralose is sold to food, beverage and pharmaceutical companies.








If you are interested on the history of Tate & Lyle, visit their website.

I didn't get a Mother's Day picture with the kids this year.   I went through some archived pictures to find something to use. I wanted Dave to take a picture of the kids and me on the front porch of our house because I know it will be the last Mother's Day at this house.  Maybe we can take that picture when all my flowers are actually in the flower pots on the front porch??

But, I came back to this picture. We aren't wearing our Sunday clothes but the kids look cute, Ryan isn't wearing his tie, and Mason is  not wearing his "church pants".  It's out of focus and I really debated using this, but it doesn't have to be in focus.  Our life is not at a stand-still at all.  Very busy and on the go.  In this picture we are standing were our new front porch will be and to me that brings me hope that things are finally moving forward for us. 

I am very thankful for my kids, and the joy and stress they bring to my life.  Much Love!!

 

What are USDA Crop Reports?
The Crop Progress reports are weekly reports, ran April through November. They contain the progress of planting, growing and harvesting and crop conditions of various crops during that growing time frame.

Why are USDA Crop Reports important?
Provide information for projecting crop yields. Gives explanation on crop development and conditions.

Where does the USDA get their information?
There is an estimated 4,000 reports every week, on every Sunday.  The report comes out Monday afternoon.  It would seem simple for farmers to volunteer their information to the government.  Some willing, some not so willing, therefore the information would not be consistent. 


What do these weekly reports impact?
The reports impact the CME markets and results in price fluctuations. Before the report is released, many private analysts share their own projections.  This leads to many perceptions before the report is out, and sometimes the market will respond before the report is released. July is a very important month.  This month is very important growing time for corn and soybeans.  The old wives tale, "knee high by the fourth of July" does not apply.  Corn plant is more advanced at this stage, and looking and silking and pollination stages.  Soybeans filling pods, so weather, temperature and precipitation is very important. If weather is a big issue, the market will react, either from fear of the unknown or the confidence that a good or bumper crop was going to be harvested.

Is their information consistent? 
Crop Progress reports follows the stages of progress and growth of crops.  The crop conditions could include the effect of crop quality and the different stage of developments as well.  

I have always joked about my husband.  If it walks or flies, he hunts it.  I sometimes label myself "hunter's widow".  Jokingly.  Reallly.

It wasn't long after I met him I was introduced to his hobbies.  For my birthday, three months after we met, he bought me a fishing pole.  It was just what I wanted.

Sometimes I struggled with his hobbies.  I decided I needed one.  It was called shopping and crafting.

Three kids later, I am lucky to shop or even step foot in my craft room at the end of the day.

I haven't actually gone turkey hunting. I have scouted for turkeys, stopped in the middle of the road to look at turkeys, looked at them through binoculars, but getting up really early is not for me.

In Indiana, turkey season opens on April 22nd.  I marked this in my planner. In other words, it means, my husband will be hunting that weekend (if he is not working), and don't make any family plans.  Shopping anyone? Oh, I just opened my planner and Macie's first softball game is Saturday.  We will have to hold off shopping plans!



One thing my husband enjoys is sharing his love of hunting with our kids.  Ryan enjoys getting up early to go hunting with his dad.  Macie would rather stay home.  Ryan has joined his dad for turkey hunting for a few years.  I am not really sure how that all works out, and how long Ryan can actually go without talking. 


I thought I would sit down with Ryan, age 7,  and talk to him about his hunting experiences with his dad:

What is your favorite part about hunting? I like scouting.

What is your favorite animal to hunt? That is hard, because I like duck, deer, turkey and squirrel hunting.

Do you have a hunting story to share? I remember a duck hunt at the Wilough Slough.  We were close to limiting that day at the Lake Seven blind. We hunted six wood ducks, one gadwall, shoveler, and one hen and one drake mallard.

Why does your dad take you hunting?  To show me how to hunt, so I can pass that on to my kids.

What is the hardest hunt, where you need to be the quietest? Deer hunting

Did you ever get to take a friend hunting? I have hunted with Tanner, Kyle and Logan.  Their dads like to hunt with my dad.  It is fun because we hunt from the same blind and watch our dads hunt.

What is something you need to practice to be a better hunter?  I need to work on my shooting skills. I also need to work on calling in ducks.

These numbers made the corn and bean market  decline when it was released midday. Corn came in at 89.2 million acres.  Corn acres look to be higher in the south and Texas.

Soybeans came in at 84.6 million acres.  This is a new record high for soybean acres, but still below most estimates. 

Corn Stocks came in 7.745 billion bushels, 136 million bushels higher than the average guess, and over 736 million bushels more than a year ago. Indiana, Iowa, and Illinois are the the state holding most of the corn, and that is not surprising since they sit right in the middle of the corn belt. April Supply and Demand Report might show more ending stocks, depending on the feed usage.

Bean Stocks came in at 1.333 billion bushels, 12 million bushels lower the the average guess, and 340 million bushels more than a year ago.  Indiana, Iowa, Illinois and Ohio still has the majority of bushels on hand.

Wheat usage and stocks had no surprises, no record highs or lows.

What does this report mean? In my opinion, we are looking at another big crop year.  We are far from it being harvested, and many factors can change the game at any time.  Traders will keep an eye out on the weather this spring, of course.  Planting in the south and Texas is currently being delayed with rains moving in, but they are not wide spread. They will also watch corn stocks closely, and the bushels being distributed. If farmers hold on to their bushels going into summer, they might see a very supportive basis level, but they might also see the basis level go the other way very quickly.  

USDA reports are not always easy to decipher.  But understand the timing of the report and how it might affect the grain markets is important for your operation and marketing plan.