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

6/5/20 7:45am

Traditional managed money Funds buyers yesterday of an estimated 10K contracts of both corn and soybeans. WE have this group now net short 264K corn and long 28K soybeans. Updated CFTC data on this and other categories of traders this afternoon in CFTC reports.

The soybean complex remains the leader this morning with no massive Chinese sale yet reported, but momentum starting to snowball
with daily reporting, old and new-crop weekly results, and the dollar plunging over the last ten sessions. Growing conditions remain almost ideal for now.

Heavy rains fell along the southern corn belt through the OH River Valley over the last 24 hours, as well as SD into southern MN and northern IA; action continues in the heart of the belt this morning, a bit lighter through the weekend as chances mostly confine to the fringes of crop areas. Tropical Storm Cristobal is seen bringing some big-time rains up through about the Mississippi River corridor mid-next week, while extended maps run drier otherwise. Temps look cooler into the 6-10 day, but warm again for the 11-15.

Crude up 90¢ at $38.31 and has worked itself into the large open chart gap between $41.88 and $37.64 left on March 6th. US $ Index recovering a touch this morning but will still have a significant drop for the week and trading lowest levels since early March.

Strong soybean price performance yesterday has trade at the topside of an upsloping channel. Good place to pause and catch its breath or break away? Soybean open interest has been increasing through this rally indicating spec trade adding length.

Quick look at the SN20 daily chart channel and crude filling open chart gap.

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 88°F Dew point: 52°F
Humidity: 29% Pressure: 29.93 in. Hg
Wind: 14 mph From: Northeast

Forecast

Friday
Weather condition
Hi: 84°
Lo: 62°
Saturday
Weather condition
Hi: 82°
Lo: 65°
Sunday
Weather condition
Hi: 93°
Lo: 72°
Monday
Weather condition
Hi: 89°
Lo: 74°
Tuesday
Weather condition
Hi: 75°
Lo: 58°
Wednesday
Weather condition
Hi: °
Lo: °

Zip Code:

© 2020 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on June 05, 2020, 07:34:06 PM 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.

 

 

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
Wheat Down for Weekend -

Wheat markets closed in the red on Friday. KC HRW wheat was down the most on the day with losses 9 to 11 cents, which for July meant a 9 cent drop

Cotton Higher for Weekend -

The cotton markets go into the weekend with gains on Friday. Futures closed the session up by 117 to 179 points. For July futures, that added up to

Hog Market Higher before Weekend -

June contracts continue to be the exception, with a 97 cent move lower. The other front months closed $0.35 to $1.67 higher on the last trading day

Week Ends Higher for Soybeans -

The front month soybeans had green candles every day except Monday. For July futures that meant a 3.3% rally from Fri-Fri. Friday trading left the

Cattle Futures Close in Red -

Friday cattle futures were down by triple digits, with June down the most. June contracts were down $1.82 on Friday and down $5.40 on the week.

Corn Higher into Weekend -

The late week rally in corn futures left July 2.1% higher week to week. On Friday, the front months closed 2 to 2 1/4 cents higher. Trader estimates

Full commentary...


The CME Group Intercontinental Exchange