Edwards Market Thoughts

2/15/19 8:00am                               FREE PRICE LATER IS AVAILABLE AT SIOUXLAND ENERGY

Presidents Day Schedule:

 Friday, Feb 15th Regular Close

 Monday, Feb 18th CLOSED-President’s Day

Regular PM Open 7:00 PM CST

The rumors give and then take away so I guess that is the new environment we live in. Chinese President Xi said this morning that trade talks with the United States will continue in Washington next week and that he hopes the two countries will be able to reach a deal in the negotiations. President Trump is considering a sixty day extension of the March 1st deadline for increased tariffs on Chinese imports.

NOPA Crush will be released this morning at 11:00 a.m. CST.  Market analysts’ average estimate is Januarys crush of 169.575 million bushels of soybeans. That alone would be a record January crush the market has seen. 

Dow futures up 77 at 25,500 this morning. Crude $0.26 higher at $54.67. US $ Index firm.

Informa has their corn acreage estimate at 91.6 mln (89.1 mln this year) and soybeans at 86 mln compared to 89.2 mln this year.

Trump expected to sign budget bill this morning to avoid another Gov’t shutdown. Expected to also declare a national emergency regarding border security.

Here we go again! 

 

Employment Opportunities

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Siouxland Energy Hours of Operation
Administrative Office
Mon-Fri
7:30AM-4:30PM
 
Corn Receiving
Mon-Fri
7:30am to 4:30pm
 
 
 
 
 
 
 
 
  
 
 
By Product Loading
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Local Weather

Sioux Center, Iowa (51250)

Current Conditions: Light snow
Temperature: 19°F Dew point: 16°F
Humidity: 86% Pressure: 30.04 in. Hg
Wind: 8 mph From: North

Forecast

Sunday

Hi: 19°
Lo: 7°
Monday

Hi: 13°
Lo: -3°
Tuesday

Hi: 13°
Lo: 8°
Wednesday

Hi: 21°
Lo: 4°
Thursday

Hi: 19°
Lo: 8°

Zip Code:

© 2019 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on February 17, 2019, 06:40:19 PM CST
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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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.

 

Commentary
Soybean Market News and Commentary -

Soybean futures managed to extract 3 to 4 cent gains in most contracts on Friday, on positive NOPA data. Meal futures were up $1/ton in the nearby

Cotton Market News and Commentary -

Cotton futures were 9 to 15 points higher in most contracts on Friday, after losses of 3.21% this week. Traders were covering shorts ahead of the

Lean Hogs Market News and Commentary -

Lean Hog futures posted 10 to 82.5 cent gains in most contracts on Friday, with August down a dime. The CME Lean Hog Index was down 31 cents from

Corn Market News and Commentary -

Corn futures ended the Friday session with most contracts fractionally mixed. CBOT will be closed on Monday in observance of Presidents Day. A

Cattle Market News and Commentary -

Live cattle futures saw losses of 20 to 27.5 cents in most contracts on Friday, with Feb up 50 cents. Feeder cattle futures were down 55 cents to

Ag Market Commentary -

Corn futures ended the Friday session with most contracts fractionally mixed. CBOT will be closed on Monday in observance of Presidents Day. A

Full commentary...