Siouxland Energy Cooperative

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

8/12/20 7:40am

Markets are quiet this morning as the trade waits for the WASDE report to be released today. The USDA will release its first yield estimates of the 2020 fall harvest.

More than one million homes and businesses were without power on Tuesday after Monday’s Derecho storm.

Report day - USDA production and Supply Demand report at 11:00 this morning. The normal suspects of yield, acreage and demand get top billing. Interested to see if USDA makes any structural changes to China corn stocks with all the recent news. Bullish surprise?

China bought another 132K tonnes of US soybeans for the 20/21 crop year. Brings total to just over 12 mmt out of estimated 29 mmt.

On Tuesday, December 2020 corn futures last traded at 323 1/2. Over the last 5 years of daily price history of the De-cember corn contract, only 2% of days have ended the trad-ing session below 330 cents/bushel. The histogram below shows that Dec corn has traded between $3.80 and $3.90 in 21% of trading days. 49% of the days have been spent be-tween $3.70 and $4.00! Friday’s price was 320 3/4. That was the lowest price the Dec corn contract had ended the day at since August 31, 2016 (315 1/2 cents/bushel).

Local Weather

Sioux Center, Iowa (51250)

Current Conditions:
Temperature:	°F	Dew point:	°F
Humidity:	%	Pressure:	. in. Hg
Wind:	mph	From:

Complete weather...

Forecast

Thursday
Weather condition

Hi: 88°
Lo: 68°

Friday
Weather condition

Hi: 87°
Lo: 66°

Saturday
Weather condition

Hi: 81°
Lo: 51°

Sunday
Weather condition

Hi: 81°
Lo: 59°

Monday
Weather condition

Hi: 77°
Lo: 56°

Tuesday
Weather condition

Hi: °
Lo: °

Siouxland Cash Bids

Name	Delivery End	Basis	Cash Price	Futures Price

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Quotes retrieved on August 13, 2020, 02:54:32 AM 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

Our offices will be closed to visitors until further notice.

Email/Text Sign Up

Click here to complete the Email/Text Sign Up form to recieve the most up to date information on marketing opportunities, grain delivery and any other scheduled meeting information.

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

Cattle Market Gains Triple Digits - August 12, 2020

Futures were up $.87 to $1.70 today. Yesterday, there were 6 more tenders against August fat cattle futures, the total through the first two days of

Cotton Drops Triple Digits - August 12, 2020

Cotton futures fell back on Wednesday closing with losses of as much as 129 points. New crop cotton yield was upped by NASS to a record 938

Corn Higher after Report Day - August 12, 2020

Corn futures closed Report Day with gains of 2 1/4 to 3 3/4 cents. The cash average corn price was estimated by USDA at $3.10 for new crop, which

Hogs Mixed at Closing Bell - August 12, 2020

Wednesday trades left lean hog futures within 32 cents of UNCH. August closed at $52.90 on Wednesday, with 8,459 contracts still open as of Tuesday.

Soy Market Gains on Wednesday - August 12, 2020

At the closing bell on report day, the soy market was in the black. Beans gained double digits in old crop, and new crop futures were 7 to 9 1/2

Ag Market Commentary - August 12, 2020

Corn futures closed Report Day with gains of 2 1/4 to 3 3/4 cents. The cash average corn price was estimated by USDA at $3.10 for new crop, which

Full commentary...