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: Partly Cloudy
Temperature: 61°F Dew point: 54°F
Humidity: 77% Pressure: 30.19 in. Hg
Wind: 6 mph From: North

Forecast

Friday
Weather condition
Hi: 75°
Lo: 53°
Saturday
Weather condition
Hi: 79°
Lo: 50°
Sunday
Weather condition
Hi: 86°
Lo: 67°
Monday
Weather condition
Hi: 80°
Lo: 55°
Tuesday
Weather condition
Hi: 68°
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, 10:30:51 AM 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 Futures Weaker Amid Technical Consolidation -

After a red Thursday, cotton markets are slightly in negative territory to start final session of the week. The most active December contract is 7

Soybeans Saw Some Profit Taking Overnight -

Soybean futures are starting Friday 4 to 7 cents lower, with next summer the weakest due to presumed record Brazilian supplies. November soybean

Wheat Mixed in Early Trade -

The three US wheat futures markets are ¾ lower to 2 cents higher this morning. SRW futures closed yesterday fractionally mixed to 3 1/2 cents in

Cattle Futures Pull Back as Beef Prices Continue to Slide -

Fat cattle futures were weaker on Thursday, with 17 to 87 cent losses. Preliminary open interest showed some long liquidation, down 1,810 contracts.

Hogs Post Triple Digit Gains, Basis Relaxes -

Lean hog futures added triple digits to the upside on Thursday, follow through from Wednesday’s gains. Prices closed $2.15 to $3.20 higher on the

Corn Cautiously Lower Heading Into Weekend -

Overnight trading has the board 1 to 2 cents lower to start the last trade day of the week. At the settle for Thursday, corn futures were down 3 1/4

Full commentary...


The CME Group Intercontinental Exchange