Edwards Market Thoughts

9/16/2021 8:00am

Corn was slightly higher overnight on continued combination of technical buying, buying from S. Korea and light selling from US farmer yet.

Corn market pulled back after US weekly export sales report came out WAY below expectations, see table below. After almost a 40
cents/bu rally since last week's low, the Dec corn for now seems ready for a pause. Additional resistance is expected in CZ toward $5.45-5.50 which triggers a wider area in the Midwest of $5.00 cash corn off the combine to the producer.

Weather forecast stays above normal temps for corn dry down in the Midwest but showers tomorrow and early next week will hamper things a bit.

It will be interesting to see if we are putting in another top in the Dec board prior to combines running. Or will we push higher on some talk of smaller yields our east. Stay tuned!!

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 88°F Dew point: 63°F
Humidity: 43% Pressure: 29.73 in. Hg
Wind: 13 mph From: South

Forecast

Friday
Weather condition
Hi: 75°
Lo: 54°
Saturday
Weather condition
Hi: 82°
Lo: 50°
Sunday
Weather condition
Hi: 87°
Lo: 67°
Monday
Weather condition
Hi: 76°
Lo: 55°
Tuesday
Weather condition
Hi: 66°
Lo: 47°
Wednesday
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 September 17, 2021, 06:37:17 PM CDT 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

CORN RECEIVING HOURS

Monday-Friday

7:30-4:30

 

SEC is offer Free Storage on old crop corn. Free Storage will run from today till Nov 1, 2021. Bushels must be sold prior to Nov 1st. 

The Free DP is on a limited amount of bushels so first come first serve basis.

Any Questions contact Tom at SEC

 

 

Driveway Camera
Co Products Traffic
 
Commentary
Cotton Prices Slip into Weekend Break -

Cotton futures trading led the board lower this week, with Turnaround Tuesday’s close as the only up day. The 9 to 21 point losses on Friday left

Cattle Close Near the Lows -

Live cattle futures ended the Friday session with triple digit losses for Dec – April. October and June contracts were each 80 cents lower on the

Hogs Closed Higher on Friday -

After printing midday losses, lean hog futures rallied back to end the Friday session with $0.25 to $0.97 gains. December hog futures traded with a

Soybeans Close with Double Digit Losses -

Soybeans ended the session with Friday losses of 7 1/4 to 12 cents. November was the weakest on the day, adding to carry. From Friday to Friday Nov

Corn Red Going into Weekend -

After Friday trading wrapped up, front month corn futures settled a penny to 3 1/2 cents lower. December corn futures were 2 1/4 cents lower,

Wheat Markets Closed Red -

After 3 days of gains, front month wheat futures slid into the weekend with givebacks. CBT futures ended 3 to 4 3/4 cents lower on the board. Friday

Full commentary...


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