Nebraska's top ag official appointed to USDA undersecretary position.
Corn harvest almost 20 points behind 5 year average.

November

Grain Market Comments
Farm Bill Editorial

Monday's Omaha World-Herald Farm Bill editorial was a strategic placement for USDA's Secretary Sonny Perdue. Mr Perdue was in town to swear-in (at the livestock exchange building) Nebraska's top ag official as one of the seven USDA undersecretaries who report directly to Perdue. Greg Ibach, (as of Monday) is the undersecretary for Marketing & Regulatory Programs.
 
Ibach will be overseeing operations and policy development at three federal agencies within USDA: the Animal and Plant Health Inspection Service; the Agricultural Marketing Service; and the Grain Inspection, Packers and Stockyards Adminstration (GIPSA). 
 
As a two-term member (observer) of GIPSA's advisory committees, our corn-belt constituents should not leave our regional connection to Ibach's bureaucratic appointment dormant as it relates to their input/concern over Congress and the drawn out (assumed) September 2018 current farm bill expiration.
Corn Harvest and Basis

On Monday, the  USDA reported that national corn harvest was at 54% complete, which is almost twenty points behind the 5 year average. If local nearby corn bids are around $3.00/bu that is equal to about 75 cents under the July corn futures. You don't want to give storage away and have the basis snap-in on you as we get to 80% harvest completion, BUT these next couple of weeks are going to be the most $trategic in projecting bids to take full advantage of your investment in storage.


Contact us if we can assist your operations with a market supply/demand inquiry, 
Edgar Hicks | CFO Systems LLC | 402.880.0066 x111 | ehicks@cfosystemsllc.com    www.cfosystemsllc.com
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