. Connection Central Connection Central has been restored.
PHONE TEXTS or EMAIL ALERTS: Contact your local elevator to receive location specificinformation. It is the quickest,most up-to-date information (ie. hours of operation) about your delivery location.
PREHARVEST SALES for 2015 Crop: If that sounds good to you, call your "Settlement Elevator" to learn the details! Current offerings include: AgriVisor Insight, CHS Compass, Average Pricing, and Option Based Contracts. As always "Offers" are a very good way to manage both your time and your marketing.
PLEASE BE AWARE: In light of recent developments we have re-evaluated our policy regarding acceptance of corn with traits that are not approved for worldwide consumption. To protect access for all Premier members to all available markets we will NOT be accepting Duracade® corn grown in 2014. A letter was sent to all patrons the week of March 3, 2014 to further explain Premier’s position.
A busy session for corn today with most months down 6¾ cents. For the week CZ gained 5 cents. Today’s weakness seemed to have more to do with running out of buyers as much as anything. CZ at $3.65 was very close to early September values before the market faltered the balance of the month as yield reports and production estimates weighed on futures. Trade in October has rebounded on the influx of money into commodities, strength in soybeans and the lack of producer selling of corn a continuing issue as production estimates are still robust. Corn harvest has been making good progress even as producers key on finishing soybean harvest in many areas. Corn harvest is expected to be near 45% complete in Monday’s progress report. Rain is forecast early next week with cooler temperatures to follow. U.S. corn demand remains good as weekly ethanol production improved week on week and weekly export sales of 40.6 mln. bu. were at the upper end of expectations and bring YTD commitments to 719 mln. bu.
Soybeans were actively traded today and closed 15-16 cents lower. SX made a run to the $10 level where there was noticeable length in SX options at that strike price. A lack of buyers above this level (where it was trading in early Sept) allowed any selling to weigh on futures. SX gained 26 cents this week after gaining 29 cents last week. The rally in soybeans has been impressive as it has occurred during the heart of soybean harvest. This weekend should be a very active harvest weekend and the trade anticipates soybean harvest 75%+ complete in Monday’s progress report. Money moving into commodities, strong soymeal futures and basis due to tight supplies in the eastern corn belt and a lack of producer selling have contributed to soybean price strength. Good soybean demand has not hurt either as almost 80 mln. bu. of sales were reported in yesterday’s weekly export sales report. YTD sales are now 194 mln. bu. ahead of last year at this time. Regarding Brazil – their precipitation profile is expected to improve dramatically over the next two weeks.
Cattle on Feed report: On feed 99.0% (est. 99.7), Placed 101% (est. 101.9), Marketed 99.0% (est. 99.1)
HAVE A PREMIER DAY The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.
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Premier Cooperative's bids are alway subject to change without notice from this web site.