Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 25 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 15 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of grain marketing, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations. Reach out to Jon at jon@schevegrain.com or at schevegrain.com.

Latest Stories
Which USDA Reports Should Farmers Give Their Attention To?
Over the last 5 trading sessions corn dropped 90 cents, while beans were nearly unchanged.
China’s purchasing of corn and beans is the biggest factor impacting the market right now.
Last week May corn prices blew past $6, and then a few days later $6.50.
USDA February Report observations and highlights that will impact farmers short and long-term.
It discusses what farmers should be storing if they don’t have 100% on-farm storage.
Hot and dry weather is expected for the next week or two, but forecasts vary on how dry August will be. Any weather shift could shake up the market.
The USDA had no surprises for corn and beans last week. Now the market will wait for national yield estimates in the August USDA report.
Another week of good weather for most of the corn belt has put downward pressure on prices.
Recently I received a request for an explanation of the corn futures delivery process. So, I reached out to my good friend Joe Rich of O’Bryan Commodities to help me summarize this complex process.