Edwards Market Thoughts

1/16/20 8:00am 

The U.S.-China trade deal came and went yesterday and the market is clearly indicating skepticism over the official language; phrases like “market conditions” seem to give China plenty of leeway on the size and timing of imports (particularly soybeans) from the U.S. in 2020 and 2021...

Yesterday’s December NOPA soy crush came in at 174.8 million bushels, up from the average trade estimate at 171.6 mbu, 164.9 mbu in November, and 171.8 mbu last year (which was the prior record for the month); it was also the second-largest crush on record for any month, behind 175.4 mbu in October.

Rains and scattered precipitation are starting to fire up in TX and OK this morning, shifting northeastward through Saturday and bringing precip to all but the far western Plains (with heavy snow in the north). Above-normal precip is seen in the 6-10 day time frame as well, drying up a bit in the 11-15 day. Temperatures will drop sharply in the coming days, though little to no winterkill is expected, and conditions are seen moderating now longer-term.

Weekly DOE total fuel ethanol production rose to 1.095 million barrels per day for the week ending January 10, up from 1.062 mln bpd last week and 1.051 mln bpd on the comparable week last year. It was the fourth-largest output week on record, with the week ending 12/1/17 remaining as the all-time high at 1.108 mln bpd. Cumulative output since Sept 1 is up to 1.026 mln bpd, closing the gap on last year’s pace and final figures with the USDA still looking for a basically steady YoY corn use for ethanol number in ‘19/20

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Cloudy
Temperature: 7°F Dew point: 1°F
Humidity: 78% Pressure: 30.11 in. Hg
Wind: mph From:

Forecast

Saturday
Weather condition
Hi: 11°
Lo: -16°
Sunday
Weather condition
Hi: -2°
Lo: -12°
Monday
Weather condition
Hi: 2°
Lo: -7°
Tuesday
Weather condition
Hi: 23°
Lo: 17°
Wednesday
Weather condition
Hi: 34°
Lo: 27°

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on January 18, 2020, 08:10:04 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

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Commentary
Hog Market Mixed to Mostly Higher -

Lean hog May contracts were 2 cents lower at the end of Friday’s session, whereas Feb and Apr futures made gains. The 80 cent gain in the Feb

Beans Bounce A Bit -

The 5 3/4 cent gain in the March futures was not enough to erase the 16 1/4 cent loss on the week, however front month soybean futures did finish 5

Triple Digit Takeback for Cotton -

Cotton futures rallied 49 to 103 points in the front month futures. March futures ended the week with a 1 point loss. In the weekly Commitment of

Cattle Close Mostly Higher -

Live cattle futures came back from midday lows and ended the week on a high note with Friday gains of 22 to 82 cents in the nearbys. Feb futures

Corn Recovers Thursday Losses Before Weekend -

Corn futures came all the way back from the Thursday sell off, and even gained some ground with futures closing 13 3/4 to 9 3/4 cents higher. March

Wheat Higher on Friday -

Wheat closes the week with Friday gains, and MPLS spring wheat led the way. MGE HRS futures were 8 1/2 to 9 3/4 cents higher at the close, which was

Full commentary...


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