Edwards Market Thoughts

7/15/2019 8:00am                                                      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)


Weather continues to be the main focus of the markets as hot and dry conditions continue at least the balance of this week. Look for a mixed call as trade will focus on weather forecast but more importantly what will the USDA have for numbers on August 12th report?  The trade continues to be thirsty for U.S./China negotiations which will become somewhat of a game changed in the markets.  We need to remind ourselves that a bullish market needs to be supported on a daily basis. 

Monthly NOPA crush report will be released today. Trade is estimating June crush at 154.4 million bushels (154.8 million bushels last month, 159.2 million bushels last year).  Trade analysts estimate oil stocks at 1.527 billion lbs. (1.581 billion lbs. last month, 1.766 billion lbs. last year)

USDA Weekly Crop Progress report will be released today at 3 p.m. CST.  Trade is looking for corn condition rating at 55-56% GTE (57% GTE last week, 71.4% 5-year average).  Soybean condition rating at 51-52% GTE (53% GTE last week, 67.2% 5-year average).  Hard red Spring wheat condition rating at 79% GTE (78% GTE last week).

Two weeks ago, some lamenting lack of heat units. Not so much this week. Heat this week stressing corn in areas that missed rains. Southern half of Iowa, N MO could really use a drink. Conditions there becoming more concerning with no big rain in extended forecast for that region.

CFTC data released Friday largely confirmed tracking. As of Friday we have them with a net long in corn of 219K and net short 29K soybeans.

Quick look at that 3 point trendline in corn


Employment Opportunities

We have jobs! Siouxland Energy is currently seeking applicants for Shift Operator. Learn more about these jobs and fill out our new online application at www.siouxlandenergy.com/employmentapp! We are currently offering a $1000 Sign-on bonus after 6 months of employment!

Siouxland Energy Hours of Operation
Administrative Office
Corn Receiving
7:30am to 4:30pm
We will be Closed Thursday 7/4 
By Product Loading
Ethanol Loading
E100 7 days a week
24 hours a day*
E-85 Loading - Monday-Friday 
*Must have BOL or Order number to load
Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Few Clouds
Temperature: 73°F Dew point: 72°F
Humidity: 94% Pressure: 29.87 in. Hg
Wind: 6 mph From: Southwest


Weather condition
Hi: 90°
Lo: 69°
Weather condition
Hi: 86°
Lo: 70°
Weather condition
Hi: 89°
Lo: 70°
Weather condition
Hi: 89°
Lo: 70°
Weather condition
Hi: 90°
Lo: 70°

Zip Code:

© 2019 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on July 16, 2019, 05:01:36 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.
Driveway Camera
Corn Receiving Alert


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.

                                                           SIOUXLAND ENERGY AVERAGING CONTRACT

Take all the guess work out of marketing your corn! Call and ask about Siouxland Energy's new Averaging Contract!!! 


Cotton Posts Triple Digit Gains on Monday -

Cotton futures posted 106 to 126 point gains in most contracts on Monday, after posting life of contract lows last week. After the close, NASS

Wheat Lower on Monday, NASS Shows Slower Harvest Progress After Close -

Wheat futures settle Monday with 10 to 18 1/4 cent losses across the three exchanges. This afternoon, NASS reported that 57% of the winter wheat

Ag Market Commentary -

Corn futures closed the Monday session with most nearby contracts 10 to 13 1/4 cents lower. The Export Inspections report indicated that 676,485 MT

Soybeans in the Red on Monday -

Soybean futures saw 10 to 11 1/2 cent losses in the front months on Monday. August soybean meal was down $3.20/ton, with soy oil 3 points lower.

Cattle Show Little Movement on Monday -

Live cattle futures were mixed on Monday, with August up a tick. Feeder cattle futures were a nickel to 12.5 cents higher in the front months. The

Hogs Mixed on Monday -

Lean Hog futures were mixed at Monday’s close, with July expiring at $70.775 and deferred contracts higher. The CME Lean Hog Index was up 8 cents

Full commentary...

The CME Group Intercontinental Exchange