Edwards Market Thoughts

12/3/2021 8:00am

Corn market is higher as US farmer selling remains quiet and technicals are supportive. Deliveries still remain the 2 contracts of Dec corn while interior basis levels remain firm.

Ethanol prices stabilizing yesterday also supportive. CIF for spot at +81H vs +84H offer. Group 3 rail corn trading at +12H yesterday. Other areas of WCB trading +20H to +25H on truck corn while ECB taking +20H to +30H to buy corn.

US farmer willing to wait to see how S. American production turns out and US spring weather. Funds remain long corn with next major resistance toward $6.00 March futures.

Soybeans and the products are higher this morning. More soybean export sales announcements are expected to be flashed at 8 am to China and unknown. Technically January soybeans were able to push through $12.50 resistance and now next resistance is $12.80-13.00. US farmer selling is quiet with many areas having already sold 60-75% of the bean crop.

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Clear
Temperature: 34°F Dew point: 18°F
Humidity: 51% Pressure: 29.70 in. Hg
Wind: 11 mph From: South

Forecast

Sunday
Weather condition
Hi: 47°
Lo: 25°
Monday
Weather condition
Hi: 27°
Lo: 13°
Tuesday
Weather condition
Hi: 31°
Lo: 13°
Wednesday
Weather condition
Hi: 31°
Lo: 9°
Thursday
Weather condition
Hi: 48°
Lo: 27°
Friday
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 December 05, 2021, 04:14:46 AM CST 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

PLEASE SEND BACK CONTRACTS!!

 

Scale Hours 

MONDAY-FRIDAY

7:30-4:30

 

CORN RECEIVING CLOSED

DECEMBER 9 & 10

FOR MAINTENANCE

 

   

Driveway Camera
Co Products Traffic
 
Commentary
20 Cent Bounce for Friday Beans -

Soybean futures closed 19 3/4 to 23 cents higher on Friday. For the Jan contract, that left soybeans a net 6 1/2 cents higher than Monday’s open

Wheat Traded Double Digits Weaker -

Friday’s wheat trading session left the board double digits weaker for the weekend. CBT SRW futures were 7 1/4 to 12 cents lower through the Sep

Friday Recovery for Corn Futures -

Corn prices extended their recovery on Friday, with 6 1/2 to 9 cent gains. For the December contract that left prices at a net wash after a 26 3/4

Cotton Gains for Weekend -

Front month cotton futures ended the Friday session with 40 to 117 point gains. Futures closed more than a penny off their high for the day. For

Cattle Markets Close Red on Friday -

Fat cattle futures ended the Friday session with 22 to 62 cent losses through August ’22. The December contract was 2 cents stronger on Friday as

Lean Hog Futures Fall on Friday -

Front month lean hog futures traded 40 to 75 cents weaker on the day. For the Feb contract, that resulted in a net 47 cent loss from Monday’s

Full commentary...


The CME Group Intercontinental Exchange