Edwards Market Thoughts

12/2/2021 8:00am

Corn market rebounding with wheat overnight with a flurry of wheat tenders popping up. March corn held $5.60 support with resistance at $5.80 and then $5.95-6.00.

Barge freight cost rising as low River levels causing barges to load lighter. St Louis for next week near 400% while IL River near 500% of tariff. Rail cars running $450 for spot BNSF and $250 for LH Dec. UP cars bids $300 vs $600 offer on spot and $150 vs $300 for LH Dec.

 Weekly export sales were toward upper end of the estimates, Ethanol prices continue to slide lower but margins generally still above $1.00 a gallon. US farmer selling remains quiet with most waiting for $6.00 cash or next tax season.

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 55°F Dew point: 30°F
Humidity: 38% Pressure: 29.92 in. Hg
Wind: 8 mph From: Northeast

Forecast

Thursday
Weather condition
Hi: 54°
Lo: 38°
Friday
Weather condition
Hi: 53°
Lo: 33°
Saturday
Weather condition
Hi: 38°
Lo: 27°
Sunday
Weather condition
Hi: 43°
Lo: 24°
Monday
Weather condition
Hi: 30°
Lo: 11°
Tuesday
Weather condition
Hi: °
Lo: °

© 2021 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes are delayed, as of December 02, 2021, 04:13:51 PM CST or prior.
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

PLEASE SEND BACK CONTRACTS!!

 

Scale Hours 

MONDAY-FRIDAY

7:30-4:30

 

CORN RECEIVING CLOSED

DECEMBER 9 & 10

FOR MAINTENANCE

 

   

Driveway Camera
Co Products Traffic
 
Commentary
Lean Hog Market Mostly Higher -

Lean hogs are trading higher through May ’22, with gains of $0.17 to $1.52 so far for midday. USDA’s National Average Morning Base hog price for

Double Digit Recovery for Soybeans -

Soybeans are extending their recovery through Thursday’s midday, with another 14 to 15 15 3/4 cent bounce back. Soymeal futures are 50 cents to

Corn Rallying through Midday -

Through midday, corn prices are another 6 1/4 to 7 3/4 cents in the black. March futures are still a net loss for the week, but are back to within 3

Wheats Double Digits Higher -

Wheat markets are recovering through midday for Thursday. SRW is up 19 3/4 to 26 3/4 cents so far, but March is still more than 50 cents off the

Cattle Futures Higher so far -

Thursday’s fat cattle futures are trading $0.40 to $1.30 in the black, led by December. Dec is still about a $1.25 to $2.75 discount to the cash

Cotton Recovering on Thursday -

After 4 days of sharp losses in cotton, futures are bouncing for Thursday’s midday. Futures were lower initially, though held at $1 through May

Full commentary...


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