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Lean Hogs -

Lean hogs ended the week with gains of 75 cents to $1.325 higher in the nearby contracts, as June gained 2.92% since last Friday. The CME Lean Hog

Cattle -

Live cattle futures finished the week $1.225 to $2.85 lower, coming off a bearish COF report. Feeder cattle futures were also down $3.525 to $4.30

Wheat -

Wheat futures settled higher to end the week. CBT was the strongest with gains of 4 to 7 1/2 cents. KC was 4 3/4 to 6 1/4 cents higher, as it was

Soybeans -

Soybean futures were mostly 7 to 13 cents lower on Friday. July 17 soybeans lost 2.78% on the week that saw the continuous front month chart hit a

Corn -

Corn futures closed the day 3 1/2 to 5 cents higher, as we head into the holiday weekend with some uncertainty about replanting and crop conditions

Ag Market Commentary -

Corn futures closed the day 3 1/2 to 5 cents higher, as we head into the holiday weekend with some uncertainty about replanting and crop conditions

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

View all cash prices...
Quotes retrieved on May 29, 2017, 02:47:41 AM CDT
Free Price Later Contracts

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

Miller on the Market

05/26/2017 8:00:26 AM

Corn is steady to mixed as we head into the Memorial Day weekend.

No markets on Monday. Grain markets will reopen Monday night at 7 pm.

Open interest was up over 7k contracts on yesterday's weakness, mostly in the Sept and Dec contracts as shorts add to their positions.

Trade will continue to focus on weather and when we will get some needed heat units across the Midwest.

Next Tuesday we will get the 1st national condition rating (which doesn't mean much vs final yield) and % left to get planted.

In other news China sold 2.3 mmt of 2011,2012 & 2013 corn in their weekly auction yesterday (over 90% of the amount offered) as the Chinese govt continues to be aggressive moving stocks out of reserves.

US corn continues to have stiff competition in the export arena for this fall.

Cash movement is slow.

Look for corn to stay in its narrow trading range heading into the holiday. Although long weekends tend to create volatility the following week.

Local Weather

Sioux Center, Iowa (51250)

Current Conditions: Clear
Temperature: 55°F Dew point: 47°F
Humidity: 74% Pressure: 29.92 in. Hg
Wind: 4 mph From: Northwest



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