Farmer and farmland investor
Parkersburg. Iowa
Joined April 2012
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Rick DeGroote retweeted
🇺🇸 U.S. corn and soybean export inspections both topped expectations last week. The corn volume was easily the strongest for the week in the 44-year record.
59% of inspected soybean cargoes were bound for China, while Japan + Mexico accounted for 58% of corn inspections.
Rick DeGroote retweeted
Potential for $14.00+ soybeans? 🌱 🤔
Every monthly close above $12.00 (let alone $13.00) has ultimately led to $14.00 or in most cases even higher
Last month we had our first monthly close above $12.00 in over two years
$12.00 has acted as a key pivot point countless times over the years
Could definitely argue there is plenty of long term upside potential in soybeans
There are some instances where we wicked above and failed. Take 2009 and 2016 for example
But each time we closed above the end result was higher
***
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Rick DeGroote retweeted
#Corn has rallied $1.00 since June 30, in the weakest seasonal timeframe. While the energy builds have not been great the fractal trend alignment is now triple up. We will finalize the monthly flip next Monday.
There have been 34 bullish monthly impulses since 1959 with the average duration being 11 months and the longest being 31 months. The failure rate is only 12% over the last 67 years. The average size of impulse is a 26% gain with the largest being 204%.
Let’s say we end August at $5.35 then a 26% gain would be $6.74 but a 204% gain would be $16.26.
Hhmmm, I guess new highs are possible if good demand, smaller supply, more Chinese demand, weather problems for SA, and war continuation occurs. #iamnotbearish
Rick DeGroote retweeted
Five stops in west central Iowa with an average corn yield of 187 bu/acre, down 18% from these same five stops last year. Problems include low ear counts and shorter grain length.
Soybeans are disappointing. Only 1131 pods per 3'x3' plot, down 33% from last year. #pftour26
Rick DeGroote retweeted
Best day for corn in 3 years 🌽
First time front month corn has closed up over 20 cents in a day since July 2023
Rick DeGroote retweeted
Monette Farm list leaked. Streisand effect in full force, the more you hide it the more people want to see it. Here is the breakdown.
🚨 MASSIVE PORTFOLIO BREAKDOWN: 392,000+ ACRES
Here is the complete line-by-line listing of the Monette Farms property summary. This portfolio spans Saskatchewan, Manitoba, and Montana with a total asset value of over $1.05 Billion CAD.
📋 PORTFOLIO TOTALS:
• Total Farmed Acres: 392,940
• Total Owned Acres: 213,889
• Total Buildings Value: $143.4M
• Total List Value: $1,059,377,635
──────────────
🌾 SASKATCHEWAN (SK)
High-value infrastructure and prime production land.
📍 1. Wymark, SK
💰 Value: $126,000,570
• Farmed: 21,951 ac | Owned: 12,753 ac
• Buildings: $27.9M
• Land Comp: $7,690/ac
📍 2. Ponteix, SK
💰 Value: $70,022,835
• Farmed: 20,016 ac | Owned: 19,697 ac (98% Owned)
• Buildings: $0
• Land Comp: $3,555/ac
📍 3. Admiral, SK
💰 Value: $12,444,930
• Farmed: 10,870 ac | Owned: 2,385 ac
• Buildings: $0
• Land Comp: $5,218/ac
📍 4. Vanguard, SK
💰 Value: $80,600,694
• Farmed: 44,231 ac | Owned: 14,358 ac
• Buildings: $444k
• Land Comp: $5,583/ac
📍 5. Stewart Valley, SK
💰 Value: $62,003,180
• Farmed: 12,932 ac | Owned: 10,182 ac
• Buildings: $1.01M
• Land Comp: $5,990/ac
📍 6. Calderbank, SK
💰 Value: $81,029,948
• Farmed: 17,343 ac | Owned: 17,128 ac (99% Owned)
• Buildings: $2.72M
• Land Comp: $4,572/ac
📍 7. Raymore, SK
💰 Value: $101,556,760
• Farmed: 23,257 ac | Owned: 16,530 ac
• Buildings: $5.5M
• Land Comp: $5,811/ac
📍 8. Outlook, SK (Irrigation Hub)
💰 Value: $62,968,328
• Farmed: 6,618 ac | Owned: 1,852 ac
• Buildings: $39.0M (Massive Infrastructure)
• Land Comp: $12,927/ac
📍 9. Kamsack, SK
💰 Value: $85,877,958
• Farmed: 40,245 ac | Owned: 11,377 ac
• Buildings: $14.1M
• Land Comp: $6,303/ac
📍 10. Hafford, SK
💰 Value: $33,140,665
• Farmed: 46,466 ac | Owned: 2,554 ac (Mostly Rented)
• Buildings: $20.2M
• Land Comp: $5,032/ac
📍 11. Prince Albert, SK
💰 Value: $22,229,614
• Farmed: 20,724 ac | Owned: 3,020 ac
• Buildings: $4.87M
• Land Comp: $5,745/ac
──────────────
🌻 MANITOBA (MB)
Large scale, contiguous land base.
📍 12. The Pas, MB
💰 Value: $87,661,352
• Farmed: 28,589 ac | Owned: 21,676 ac
• Buildings: $6.33M
• Land Comp: $3,752/ac
📍 13. Eddystone, MB
💰 Value: $70,179,712
• Farmed: 21,972 ac | Owned: 26,632 ac (100% Owned)
• Buildings: $8.5M
• Land Comp: $2,316/ac
──────────────
🦅 MONTANA (USA)
Big Horn County holdings.
📍 14. Fly Creek, MT
💰 Value: $88,532,140
• Farmed: 34,088 ac | Owned: 32,757 ac (96% Owned)
• Buildings: $4.22M
• Land Comp: $2,574/ac
📍 15. Camp 1, MT
💰 Value: $33,446,980
• Farmed: 14,827 ac | Owned: 9,533 ac
• Buildings: $2.1M
• Land Comp: $3,288/ac
📍 16. Camp 4, MT
💰 Value: $41,681,969
• Farmed: 28,812 ac | Owned: 11,455 ac
• Buildings: $6.27M
• Land Comp: $3,091/ac
──────────────
Note: Prices are in CAD. Market/Land data derived from Comparable Land Sales Database, SK Ministry of Ag, ISC, and SAMA.
Rick DeGroote retweeted
🌟 Faith, Family, Football: 🌟
----Nominate your Athlete-----
Listen To Coach Explain!
ifbca.us/edthomasaward
@IFBCA
@aaronwthomas
@APFalcons
#FaithFamilyFootball
Rick DeGroote retweeted
That's one.
Now, @joshshiney ... let's go after @caseysgenstore
Rick DeGroote retweeted
$499 on 490# steer sounded like a record until they sold the 540# steers for $473. $2554/hd for a 5wt steer. Unbelievable.
Rick DeGroote retweeted
🚨 JUST IN: President Trump accuses Fed Chair Jerome Powell of costing the US a TON of money by keeping interest rates so high.
"We should be 3 points lower!"
"We should be number 1, and we're not, because of Jerome Powell."
I am with @Pulte on this. He must RESIGN.
Rick DeGroote retweeted
World corn carry at 272 was 5 mmt lower than expected. US n/c carry 73 mb lower than expected.
Corn market historically would have made for a nice day with numbers like that.
However, funds sell good news, bad news and neutral news these days.
Rick DeGroote retweeted
New Warning Signs Agriculture Is In A Recession - AgWeb agweb.com/news/policy/ag-eco…
Rick DeGroote retweeted
Another day, another judge unilaterally deciding policy for the whole country. This time to benefit foreign gang members If the Supreme Court or Congress doesn’t fix, we’re headed towards a constitutional crisis. Senate Judiciary Cmte taking action
Rick DeGroote retweeted
If you’re into patterns, Dec25 v Dec22 #corn 🌽… not saying it happens but it’s definitely interesting.
Rick DeGroote retweeted
🌽Perhaps this is why fund managers are so bullish #corn:
Relative to demand, global corn stocks are seen sinking to **29-year lows** in 2024/25.
A stocks-to-use ratio at 7.8% is a notable step down from 9.5% last year.
Note that China is excluded - I'll explain more below.
Rick DeGroote retweeted
I’m going to evaluate all things going forward on this scale:
0 - last night’s halftime show by Kendrick Lamar
10 - Carrie Underwood flawlessly and extemporaneously performing the National Anthem A cappella when the sound system failed at the Inauguration.
