Edwards Market Thoughts

1/21/20 8:00am

Here is a look at July futures, the chart is showing 2018, 2019 and current. One would have to think that unless we see issues on weather in South America, or more export info out of China talks, this market could continue in a sideways trade until March/April. I really believe a person should take some time and look at the second chart showing the amount of time December Futures trades above $4.00 and or $4.20 in the last 5 years. Siouxland offers programs that allows you to take advantage of these opportunities!!! 

 

If anyone is planning on going up to the Sioux Falls Farm Show this week, Siouxland Energy has a booth this year so make sure to stop by. The show is Jan 22nd through the 24th. We will have free popcorn and some other fun items for you to take home with you..

Nice to see the market bounce back like it did on Friday, It has gotten us back to where the Min/Max Plus Contract can lock you into a $4.16 to $4.20 CN21 floor with upside to around $4.40 to $4.50. Looking back at the last 5 years price data the frequency of the CZ futures to trade above $4.00 is only 16%,  and to trade above $4.20 is only 8%. So maybe not that bad of an idea to start getting some coverage on at $4.20 or better. 

 

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Fog
Temperature: 27°F Dew point: 27°F
Humidity: 100% Pressure: 29.94 in. Hg
Wind: 4 mph From: South

Forecast

Sunday
Weather condition
Hi: 26°
Lo: 4°
Monday
Weather condition
Hi: 29°
Lo: 19°
Tuesday
Weather condition
Hi: 28°
Lo: 22°
Wednesday
Weather condition
Hi: 31°
Lo: 22°
Thursday
Weather condition
Hi: 30°
Lo: 17°

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on January 26, 2020, 03:53:20 AM CST
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

Corn Receiving Hours

Monday- Friday

7:30-4:30

Siouxland has opened up Free Price Later for your corn! Call for Details 

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
Corn Falls before Weekend -

March corn ends the week with a 2 cent loss, with Friday action helping to ensure the loss. On Friday corn moved lower by 5 to 6 1/2 cents, with the

Cotton Closes the Week in the Red -

Cotton futures fell another 63 points on the last trade day of the week, which helped increase the weekly loss to 180 points. As of Tuesday, cotton

Soybeans Close with Losses -

Soybeans were down 7 1/2 on Friday, which ensured a weekly loss of 27 3/4 cents in the March contracts. Soybean meal futures closed $0.60/ton lower

Friday Losses in Wheat Market -

Wheat was lower on Friday, with Minneapolis down the most. Despite a 7 cent giveback in March futures, SRW wheat was still 3 cents higher on the

Cattle Closes Week in Red -

Live cattle futures were mixed on Friday. Futures closed 30 cents lower in Jun contracts, and 12 to 17 cents higher in Feb and April futures.

Hogs Carry Triple Digit Losses into Weekend -

Lean hogs futures erased the Wednesday-Thursday gain, with Friday closes $1.27 to $1.90 lower. Feb futures were 45 cents lower on the week. The CME

Full commentary...


The CME Group Intercontinental Exchange