IMPORTANT NOTICE

The Annual Member meeting has been postponed

All Director ballots received at the main office by 3/19 at 10am will be counted at the regularly scheduled monthly board meeting.

Edwards Market Thoughts

9/22/20 8:00am 

Steady-to-better crop ratings hit the market early last night but wheat has emerged as an unlikely leader in a minor recovery this morning; the bulls will likely try to hold off on a real setback for a bit yet until quarterly stocks and the next round of U.S. yield estimates next week.

National corn condition ratings rebounded by a point this week to 61% good/ excellent, up from 57% last year but still below the 66% five-year average pace. The corn harvest moved from 5% to 8% done, up from 6% LY but behind the 10% 5YA, though denting and maturity metrics remained ahead of their comparables. Soybean ratings were steady this week at 63% g/ex, up from 54% LY but slightly behind the 64% 5YA; the harvest there was initially reported at 6% done, up from 2% LY but even with the 5YA pace, with 59% dropping leaves, versus 37% LW, 29% LY, and the 50% 5YA. Winter wheat came in at 20% planted and 3% emerged, more or less in line with comparable figures, while the spring wheat harvest moved from 92% to 96% done this week, up from 84% LY but in line with the average for this week.

The Midwest will see some rain chances through this weekend, mostly north and far south, before drier conditions settle back in for both the 6-10 & 11-15 day periods into early October. Temps look cool up into those extended maps.

Dalian corn futures lower overnight after testing the previous high. Technically, further weakness on the Dalian expected.

Funds credited with selling 25K corn and 15K soybeans yesterday leaving them net long 61K corn and 219K soybeans.

Yesterday looked at the Hope, Greed, Fear and panic price continuum on soybeans. Interesting to see just how close that plays out this year. October crop report might have a lot to say one way or the other.

 

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on September 22, 2020, 10:44:06 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Industry News

Click on the link below to find encouraging industry information that we would like to share with the supporters of both our company and the renewable fuels industry - 

http://www.ethanolproducer.com/articles/16668/ethanol-producers-need-to-reduce-their-ci-scoreundefinedand-quickly

Siouxland

Harvest Hours

Administrative Office Hours 

Tuesday Sept 22nd

 

&

Wednesday Sept 23rd

7:30am to 6:00 pm

 

 

Our offices will be closed to visitors until further notice.

 

 

Letter to President Trump!

  

Tuesday, December 10, 2019

Time is running out, and we need to YOUR help TODAY.

America’s Renewable Fuel Standard (RFS) is critical to revitalizing struggling farm economies, reducing our dependence on foreign oil, and protecting the climate. But Environmental Protection Agency (EPA) exemptions to oil companies have destroyed demand for billions of gallons of U.S. biofuels. President Trump vowed to restore lost gallons, but the current EPA proposal only accounts for a fraction of the demand destroyed by the agency’s unprecedented use of oil refinery waivers. We MUST demand action NOW before it’s too late.

https://fuelsamerica.org/call-president-trump-restore-biofuels-protect-rfs/

Join us TODAY in calling on President Trump to take action now to reopen biofuel plants and revitalize markets for America’s farmers.

Thank you in advance for your continued support.

Growth Energy

Driveway Camera
Commentary
Bean Market Closes in Red on Tuesday -

November soybeans had intraday gains of as much as 16 3/4 cents, but ultimately settled 2 3/4 cents lower. The other front months also closed 1 3/4

Ag Market Commentary -

Corn price action turned south in the afternoon, and closed fractionally lower. Dec futures traded with a 7 1/2 cent range. USDA’s mandatory sales

Cotton Higher on Tuesday -

Front month cotton futures closed the day 10 to 30 points in the black. Chinese cotton futures were 12,570 yuan (~$0.8333/lb) on Sept 21. Carry on

Cattle Triple Digits Weaker -

At the close for Tuesday, front month fat cattle futures were 22 cents to $1.05 in the red with triple digit losses for Feb and April. Feeder cattle

Wheat Holds Gains through Close -

Wheat futures came back down from midday gains, but still closed the Turnaround Tuesday session in the black. CBT wheat was up 3/4 to 3 1/4 cents at

Corn Fractionally Weaker at Close -

Corn price action turned south in the afternoon, and closed fractionally lower. Dec futures traded with a 7 1/2 cent range. USDA’s mandatory sales

Full commentary...


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