4/17/2019 8:00am
With corn unchanged this morning the Bonus Premium is netting $3.72 cash for corn delivered to Siouxland Energy. The premium is .19 cents/bushel on a CN20 $4.30 offer. If you would want a $4.20 CN20 offer with the same fill date of 6/26/20, you could receive .23 cents/bushel premium, or $3.76 cash today. ( CALL IF HAVE ANY QUESTIONS )
Planters rolling (although sporadic) across parts of southern and western IA yesterday. Few storms popping up this morning in the western belt with heavier more defined systems developing later today into tomorrow halting activity.
Chinese gross domestic product rose 6.4 percent in the first quarter from a year earlier. New leverage in trade talks?
Dow futures up 31 pts this morning on the heels of Asian equity strength due in part from above Chinese news. Dow made new highs for the year yesterday. Crude $0.37 higher at $64.42. US $ Index giving up some ground this morning.
Funds continue to add to their already historical short position in corn and the rest of the grains. Funds now estimated to be short 292,859 contracts of corn (1.464 billion bushels), 76,734 contracts of soybeans and 63,958 contracts of Chicago wheat futures.
Yesterday’s corn market overshadowed by the wheat complex as good/excellent ratings continue to increase and Russia's SovEcon increased its estimate for the 2019 wheat crop to 83.4 million tonnes, up from their 80 million previous estimate.
Easter Trading Schedule:
Friday, April 19th
CLOSED- Good Friday as will this office
Sunday, April 21st
Regular Night Session Open 7:00 PM CST
