IMPORTANT NOTICE

The Annual Member meeting has been postponed

All Director ballots received at the main office by 3/19 at 10am will be counted at the regularly scheduled monthly board meeting.

Edwards Market Thoughts

7/2/20 7:45am

The grains were persistent overnight, flipping early losses into small gains this morning although amid slower volume; the trade looks
willing to head into the long holiday weekend maintaining a bullish tone, post -USDA acreage, and forecasts into mid-July make that fairly easy to stomach.

DOE total fuel ethanol production rose for the ninth straight week this week, to an even 900,000 barrels per day, up from 893k bpd last week and the 537k bpd late-April bottom, though still well below 1.081 mln bpd on the comparable week last season. Cumulative output since September 1 fell slightly again this week but is stabilizing in the 930k bpd area, down around 100k from last year’s pace and final figures, indicating a 525-550 mln bu YoY corn use for ethanol decline—a bit wider than the current USDA estimate.

Scattered rains again fell from north to south across the corn belt, though confined central with the east and west dry over the past 24 hours; precip is scattered this morning and will remain so up through the holiday weekend, with amounts light for most, heaviest far north and far south. Extended maps leave above-normal precip in the far north as well, drier central/south, and still hot.

Funds estimated buying 30K corn yesterday for a three-day total of 85K contracts. Still short 223K contracts. With no markets tomorrow we wait until Monday to see updated CFTC data.

Markets close at noon today in observance of the 4th.

Only once in the last five years has corn price not rolled over by the end of next week. This year?

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Few Clouds
Temperature: 88°F Dew point: 70°F
Humidity: 55% Pressure: 30.05 in. Hg
Wind: 7 mph From: Southeast

Forecast

Friday
Weather condition
Hi: 88°
Lo: 68°
Saturday
Weather condition
Hi: 88°
Lo: 65°
Sunday
Weather condition
Hi: 88°
Lo: 66°
Monday
Weather condition
Hi: 85°
Lo: 67°
Tuesday
Weather condition
Hi: 89°
Lo: 68°
Wednesday
Weather condition
Hi: °
Lo: °

Zip Code:

© 2020 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on July 03, 2020, 03:29:21 PM CDT
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

Administrative Office Hours 

7:30am to 4:30pm

CLOSED Friday July 3rd for Corn Receiving

Our offices will be closed to visitors until further notice.

 

 

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
Corn Pulls Back before Holiday -

Front month corn futures saw some profit taking on Thursday after the runup from the first 3 days this week. At the closing bell for, futures were

Triple Digit Gains for Cattle -

Live cattle futures climbed $0.90 to $2.10 higher on Thursday. For August fats that added to the weekly gain of 4.7%. Feeder cattle futures climbed

Ag Market Commentary -

Front month corn futures saw some profit taking on Thursday after the runup from the first 3 days this week. At the closing bell for, futures were

Wheat Closes in Red -

Thursday trading ahead of the extended weekend left wheat futures lower. KC HRW futures were hit the hardest, closing down by 7 3/4 to 8 3/4 cents.

Hogs Come Back Finish Higher -

After trading the early portion of the session in the red, lean hog futures rallied back to the black closing higher on the day. July hogs were down

Soy Market Firm but Lower -

Soybean futures ended the last trading day of the week down by 1/4 to 2 1/4 cents lower. From Friday’s close, July beans were 3.2% higher and Nov

Full commentary...


The CME Group Intercontinental Exchange