Edwards Market Thoughts

1/23/19 8:05am                               FREE PRICE LATER IS AVAILABLE AT SIOUXLAND ENERGY

Corn market is firmer this morning following wheat and firmer cash values. Interesting to note open interest in corn jumped over 16,000 contracts yesterday, mostly in the May and Jly contract. Keeping gains in check is Taiwan booked 65k tons of corn for April shipment from Argentina at +140N landed.

The USDA announced it would re-open all its Farm Service Agency offices so farmers can process farm loans and tax documents. Weekly EIA report is out this morning and should reflect slowing grind rates.

Trying to keep track of the rumors between China and the U.S. is like wining the lottery.  Good luck.   Yesterday it was report by the Financial Times that the U.S. turned down an offer for preparatory talks with China leading up to the next higher level negotiations at the end of this month. Later, White House adviser Larry Kudlow denied the Financial Times report.  Three days in a row we have faced rumors that effect the commodities sector.

The meeting between negotiators is still on for next week, but questions remain on just how close to a deal the two sides are. South American weather continues to be monitored by traders right now with dryness in Brazil expanding.

Dow futures 85 points higher at 24,475. Crude oil trading $040 higher at $53.41. US $ Index near unchanged.

Winter storm pulling through Iowa yesterday kept a lot of trucks parked. Particularly in the central and eastern part of the state.


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Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 21°F Dew point: 18°F
Humidity: 86% Pressure: 29.86 in. Hg
Wind: 8 mph From: Southwest



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Siouxland Cash Bids
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Quotes retrieved on January 23, 2019, 01:37:57 PM CST
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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.


Ag Market Commentary -

Corn futures are steady to fractionally higher in most contracts at midday. The weekly EIA report showing ethanol production and stocks is delayed

Cotton Market News and Commentary -

Cotton futures are 48 to 64 points lower in the nearby contracts on Wednesday. The dollar is weaker at midday. The Cotlook A Index was UNCH on

Soybeans Market News and Commentary -

Soybean futures are showing gains of 3 to 4 1/2 cents in most contracts on Wednesday, after rumors of cancelled prep talks with China were denied.

Lean Hogs Market News and Commentary -

Lean Hog futures are down 65 cents to $1.80 at the moment. The CME Lean Hog Index was up 26 cents from the previous day @ $58.33 on January 21. The

Corn Market News and Commentary -

Corn futures are steady to fractionally higher in most contracts at midday. The weekly EIA report showing ethanol production and stocks is delayed

Cattle Market News and Commentary -

Live cattle futures are trading 22.5 to 72.5 cents higher on Wednesday. Feeder cattle futures are up 97.5 cents to $1.975. The CME feeder cattle

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