Edwards Market Thoughts

2/18/20 7:45am

The first of two Index/Member meeting today at 10:30am at The Ridge. Second Meeting is March 3rd, so if not able to make today's meeting make sure to RSVP for the March 3rd meeting.

Last week saw corn give up 5 ¾¢ with soybeans gaining 11 ¾¡. Markets started the current week under modest pressure but quickly recovered trade higher.

Overnight strength in response to reports China will offer tariff exemptions on 696 US trade goods including Ags. Application process
then approval process? Timeline unsure?

Brazil soybean harvest reported near 21% with solid yields reported. Another private group in Brazil has raised their production estimate to 125.6 mmt. Calendar and weather there suggest seasonal production anxiety over. Still time for Argentina problem to unfold but weekend rains and forecast for more next week has that door closing as well.

Updated with Friday’s CFTC data, we show Funds net short 81K corn and 83K soybeans. Both numbers very near trade ideas.

China’s overall Coronavirus virus totals show 70,548 confirmed cases, and 1,770 deaths.

Index Pricing takes all the emotions out of selling some of your corn. Looking at the 20 year chart at the bottom of this brochure shows you when you should be looking at pricing corn year in year out. Simply commit a percentage of your potential bushels into the Index and let the seasonal market work for you.. 

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Light snow
Temperature: 14°F Dew point: 12°F
Humidity: 92% Pressure: 30.53 in. Hg
Wind: 13 mph From: Northeast

Forecast

Wednesday
Weather condition
Hi: 20°
Lo: 7°
Thursday
Weather condition
Hi: 8°
Lo: -9°
Friday
Weather condition
Hi: 17°
Lo: 12°
Saturday
Weather condition
Hi: 35°
Lo: 23°
Sunday
Weather condition
Hi: 38°
Lo: 21°

Zip Code:

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on February 19, 2020, 12:28:27 AM CST
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

Siouxland has opened up Free Price Later for your corn! Call for Details 

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
Hogs Gain Triple Digits -

The front month hog futures climbed to as much as $1.20 higher on Tuesday, with May and June futures also up 55 and 47 cents respectively. China

Cotton Closes with Tuesday Gains -

Cotton futures closed Tuesday 38 to 46 points higher, with March futures the strongest. The NCC cotton survey shared on Saturday has US growers

Ag Market Commentary -

Corn futures were higher after Tuesday trading, with March and May up the most at 5 1/2 cents on the day. H/K carry is 4 1/2 cents. Double digit

Significant Double Digit Gains for Wheat -

Wheat finished Tuesday’s session double digit gains. Chicago SRW led the way gaining 21 1/2 to 24 cents. HRW futures were also sharply higher,

Cattle Market Higher on Tuesday -

The cattle market reversed midday’s action and finished the session with gains, April was 27 cents higher and June was up by 20 cents. Feb futures

Corn Follows Wheat Higher on Tuesday -

Corn futures were higher after Tuesday trading, with March and May up the most at 5 1/2 cents on the day. H/K carry is 4 1/2 cents. Double digit

Full commentary...


The CME Group Intercontinental Exchange