Edwards Market Thoughts

1/20/20 8:20am 

There are no markets today, with it being Martin Luther King Jr Day.. 

 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: Clear
Temperature: -4°F Dew point: -8°F
Humidity: 84% Pressure: 30.55 in. Hg
Wind: 9 mph From: South

Forecast

Tuesday
Weather condition
Hi: 1°
Lo: -13°
Wednesday
Weather condition
Hi: 26°
Lo: 26°
Thursday
Weather condition
Hi: 37°
Lo: 21°
Friday
Weather condition
Hi: 30°
Lo: 16°
Saturday
Weather condition
Hi: 27°
Lo: 13°

Zip Code:

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on January 21, 2020, 12:19:42 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
Hog Market Mixed to Mostly Higher -

Lean hog May contracts were 2 cents lower at the end of Friday’s session, whereas Feb and Apr futures made gains. The 80 cent gain in the Feb

Beans Bounce A Bit -

The 5 3/4 cent gain in the March futures was not enough to erase the 16 1/4 cent loss on the week, however front month soybean futures did finish 5

Triple Digit Takeback for Cotton -

Cotton futures rallied 49 to 103 points in the front month futures. March futures ended the week with a 1 point loss. In the weekly Commitment of

Cattle Close Mostly Higher -

Live cattle futures came back from midday lows and ended the week on a high note with Friday gains of 22 to 82 cents in the nearbys. Feb futures

Corn Recovers Thursday Losses Before Weekend -

Corn futures came all the way back from the Thursday sell off, and even gained some ground with futures closing 13 3/4 to 9 3/4 cents higher. March

Wheat Higher on Friday -

Wheat closes the week with Friday gains, and MPLS spring wheat led the way. MGE HRS futures were 8 1/2 to 9 3/4 cents higher at the close, which was

Full commentary...


The CME Group Intercontinental Exchange