Edwards Market Thoughts

7/19/2019 7:50am                                                      EPC Contracts           

If you are still sitting on old crop corn in your bins and are ready to get the bins empty, but still believe there is upside potential in the futures market! We offer a contract that allows you to haul your corn in today and take advantage of very tight basis levels, pay no storage cost, get 70% of your cash today, and have upside protection in the futures market until next June 2020.. (Call for details)


Computer selling has become the main driver in the grain sector with the light volume.  The door for the least path of resistance is lower.  Much of the Midwest received needed rains to sustain the hot conditions for the next few days but we continue the have nots and haves.  The market is awaiting the USDA numbers in August and will keep a close eye on continued weather forecast. 

Hot / dry pattern expected to build in the west central and southwestern Midwest over the next two days increasing stress on corn and soybeans, A cool front expected to push across the region Sunday and Monday dropping temperatures considerably for next week. The front will also touch off a few showers in central and southern areas, providing some temporary relief. A dry pattern Tuesday through much of next week expected to fallow.

Crop ratings Monday expected to show some improvement.

In other news French corn ratings fell 4% to 74% G/E this week but are still above last year's 71% (which had been hit with drought). Ukraine has so far in the month of July harvested 1.19 mmt of corn. Ukraine is expected to harvest 70 mmt of grain/wheat this year, about equal to last year. Look for consolidation today with funds unlikely to press it heading into the weekend on risk of weather maps flipping.

To put things in perspective the USDA’s most recent crop progress report showed Illinois leads the nation with more than 4.2 million corn and soybean acres in unfavorable condition, followed by Indiana at nearly 2.5 million, Iowa at nearly 2 million, Missouri and Ohio at more than 1.9 million each, and Minnesota at more than 1.4 million.


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Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 64°F Dew point: 63°F
Humidity: 94% Pressure: 30.05 in. Hg
Wind: 8 mph From: North


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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

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Quotes retrieved on July 21, 2019, 08:31:38 AM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
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FREE Price Later

Siouxland will be offering "Free Price Later" delivery starting Monday December 3rd! This room will be based on first come first serve, if space starts getting filled up we may need to slow deliveries. If you have any questions please give Tom E a call 722-3906.



Cotton Higher on Friday -

Cotton futures were up 104 to 152 points in most contracts on Friday. Friday afternoon’s Commitment of Traders report showed another record

Corn Closes Higher on Friday -

Corn futures closed the Friday session with most contracts 5 to 6 1/4 cents higher after a week of losses. Since last Friday, Sep has dropped 5.17%.

Wheats Bounce on Friday Following This Week’s Losses -

Wheat futures ended the Friday session with most contracts 3 to 9 cents higher. Shorts took some of their winnings off the table ahead of the

Soybeans Close Higher on Profit Taking Fueled By Rumors -

Soybean futures saw 20 1/4 cent gains in the front months on Friday. That parred back losses from the other 4 trade session this week, as Aug was

Cattle Close Higher, USDA Shows Herd Size UNCH -

Live cattle futures posted 20 to 77.5 cent gains in most contracts on Friday. Feeder cattle futures were up 30 to 55 cents. NASS reported all cattle

Hogs Post Gains on Friday -

Lean Hog futures settled with 42.5 cent to $2.025 gains in most contract on Friday, as Aug was up 4% this week. The CME Lean Hog Index was up 17

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