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Soybeans -

Soybean futures are currently 4 1/4 to 5 cents lower on Turnaround Tuesday profit taking. They closed 9 1/2 to 11 1/4 cents higher on Monday, with

Wheat -

Wheat futures are mixed this morning, with SRW 1 to 2 cents lower, HRW close to UNCH, and MPLS spring wheat 1 to 2 cents higher. Most contracts were

Cattle -

Live cattle futures fell from 40 cent to $1.85 in most contracts on Monday, following last Friday’s COF report. The April contract expires

Lean Hogs -

Lean hog futures settled mostly 87.5 cents to $1.375 higher to start the week. The CME Lean Hog Index for 4/20 was down another 49 cents to

Cotton -

Cotton futures are trading 10 to 35 points lower this morning. They ended Monday mixed with inside day chart action.  Most volume was in the

Ag Market Commentary -

Corn futures are trading 2 to 2 1/4 cents lower after finishing mostly 1 1/4 to 2 1/2 cents higher on Monday. After the close, the USDA released the

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Siouxland Cash Bids
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Quotes retrieved on April 25, 2017, 09:22:09 AM CDT
Free Price Later Contracts

Siouxland Energy is offering Free Price Later contracts.  Please call for more information.

Miller on the Market

04/25/2017 8:29:45 AM

Corn traded mostly lower overnight and comes into the biscuit break 1-3 cents lower.

CN17 has been able to hold $3.63 support; a violation of that level could open the door to $3.60 ½.

17% of the US corn crop was planted by 4/23 according to the USDA, more than had been expected by the trade; 5 yr average is 18%. Most states are running at or ahead of normal with Minnesota, Iowa and Kansas the notable exceptions.

The Western Corn Belt is beginning to be impacted by rains already this morning which will limit additional corn planting through early May. The Eastern Corn Belt will have an additional 1-2 days of fieldwork but will then also be knocked out. The heaviest rains are expected in Missouri and Illinois where localized flooding will be possible. After catching up to normal in the last few days, the US planting pace is likely to fall behind again in the next 10-14. Most of this is being traded now but if delays continue, expect support in the grains.

Brazil has received rain in recent days which should maintain the good condition of their safrinha corn crop.

US corn basis was steady-firmer on Monday with the PNW & Gulf bids both firming a penny. Some Midwest locations followed suit, up 1-2 cents.

The US Senate confirmed former Georgia governor, Sonny Perdue as US Agricultural Secretary!

Local Weather

Sioux Center, Iowa (51250)

Current Conditions: Cloudy
Temperature: 43°F Dew point: 39°F
Humidity: 87% Pressure: 29.62 in. Hg
Wind: 7 mph From: North



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