Scale Hour Alert

Memorial Day Scale Hours

Monday, May 30, 2016

Corn Delivery - CLOSED

Co Products Pick Up - 7:30AM-11:00AM

Siouxland Energy Hours of Operation
Administrative Office
Mon-Fri
7:30AM-4:30PM 
Corn Receiving
Mon-Fri
7:30AM-4:30PM
By Product Loading
Mon-Fri
7:30AM-4:30PM
Saturday
7:30-10:30AM
Ethanol Loading
E100 7 days a week
24 hours a day*
E-85 Loading - Monday-Friday 
8am-4pm*
*Must have BOL or Order number to load
 
Commentary
Ag Market Commentary -

Corn futures ended the day 2 3/4 to 4 1/2 cents higher, led by front month Jul16 corn. That contract was up 18 1/4 cents on the week, after posting

Cotton -

Cotton futures settled mostly 5 to 9 points lower, after being was much as 75 lower previously in the session. The Jul16 contract posted a 101 point

Lean Hogs -

Lean hog futures finished the session 12.5 cents higher to 20 cents lower, with most heavily traded Jul16 hogs the weakest. The front month Jun16

Cattle -

Live cattle futures closed 75 cents to $1.075 higher, after being as much as $1.30 higher earlier in the day. Jun16 cattle, however, were down $1.35

Wheat -

Wheat futures settled Friday trading 2 to 3 cents lower in KC, and down 3 to 6 3/4 cents in MPLS. The CHI market, however, finished fractionally

Soybeans -

Soybean futures closed up 5 3/4 to 7 cents on Friday. Front month Jul16 beans were 12 1/4 cents higher on the week. Jul16 soybean meal lost $7.00

Full commentary...
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Siouxland Cash Bids
Name Delivery Start Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on May 30, 2016, 05:07:01 PM CDT
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Miller on the Market

05/27/2016 8:03:05 AM

Corn was mixed overnight on light volume as we head into the 3 day weekend. Little change in open interest across grains/oilseeds on yesterday's action, indicating slowing capital flow. US farmer selling did pick up on both old and new crop yesterday. Old crop corn basis was off 1-3 cents for nearby June slot at many ethanol locations including this one. CIF and PNW market generally steady. Interesting to note surge in Argentine corn prices this week as their corn harvest remains slow, up just 1% from last week to 29% done. Focus there remains on getting the soybeans out down there...harvest is 72% done now (18% behind last year yet). The results of the 1st Chinese corn auction was last night with 2.013 mmt offered with 889k tons booked (44.2%). The results were a little better than expected given the quality of the corn. Prices ranged from 1450 to 1650 yuan/ton ($6.19 to $7.04 a bushel). Weather forecast for Midwest remain wet into next week with another storm system expected Mon-Wed. Trade will be focused on how much planting progress was done in the ECB this week in Tuesday afternoon's crop progress reports. Hearing there is a lot of progress there. National number should be near 95% done Tuesday afternoon. French corn planting also running behind normal at 95% done vs 99% a year ago. This afternoon's Commitment of Traders report should show large jump in the spec fund position. Markets closed on Monday in observance of Memorial Day.  They open at 7pm on Monday night.  Have a great weekend and Happy Memorial Day! And don't forget to thank a veteran or current military for their service.  They have the toughest job in the world!

Local Weather

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 82°F Dew point: 54°F
Humidity: 37% Pressure: 29.86 in. Hg
Wind: 8 mph From: South

Forecast

Monday

Hi: 80°
Lo: 61°
Tuesday

Hi: 73°
Lo: 53°
Wednesday

Hi: 68°
Lo: 48°
Thursday

Hi: 74°
Lo: 57°
Friday

Hi: 80°
Lo: 59°

Zip Code:

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