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

10/30/20 8:00am

Brazil saw some beneficial rains for planting earlier this week but forecasts for all of South America are not looking great in that respect, heading into the end of the week. Analysts are not yet overly concerned on moisture levels there but November arrives next week, and Brazil can’t afford crop shortages with China buying up all the supplies it can at this point.

Brazilian President Bolsonaro said the country has imported 400k tonnes of rice from the U.S. and they’re “now importing soybeans”, confirming rumors earlier this week with traders saying that the economics do work for imports from the U.S. Brazil has imported 528k tonnes of soybeans over the first nine months of the year, mostly from the various Mercosur countries.

Argentina was dry over the past 24 hours and will remain so right up through the 6-10 day time frame; Brazil saw scattered rains mostly in the north and that will be the trend over the next five days as well, with action shifting even further out to the north for the 6-10 day, as southern areas remain very dry.

Weekly corn export sales hit their highest level since early 2018 at 88.3 million bushels (the third-highest total in the last five-plus years besides a pair of 93 and 98 mbu weeks in ’17/18), up from 72.1 mbu last week and 21.6 mbu on the same week last season. Cumulative sales cleared the 1.2 billion-bushel mark, the fastest pace on record by more than 100 mbu (ahead of ’07/08) and up 755 mbu from last
year’s early pace, with the USDA still looking for a 547- mbu entire-year corn export increase for the ‘20/21 season.

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 59°F Dew point: 39°F
Humidity: 48% Pressure: 29.86 in. Hg
Wind: 17 mph From: Northwest

Forecast

Saturday
Weather condition
Hi: 59°
Lo: 37°
Sunday
Weather condition
Hi: 43°
Lo: 26°
Monday
Weather condition
Hi: 60°
Lo: 31°
Tuesday
Weather condition
Hi: 68°
Lo: 37°
Wednesday
Weather condition
Hi: 66°
Lo: 40°

Zip Code:

© 2020 Freese-Notis Weather

Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on October 31, 2020, 01:39:10 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

Harvest Hours

Administrative Office Hours 

 

Monday-Friday

7:30-4:30

 

 

 

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
Corn Gains ahead of Weekend -

Corn futures closed the last trading day of the week with 1 3/4 to 3 3/4 cent gains. Dec corn was unchanged on the day (but down 20 ¾ for the week)

Wheat Heads for Weekend Lower -

At the closing bell on Friday, front month wheat futures were down 1/2 to 5 1/4 cents on the CBT. Kansas City HRW was down 3/4 to 1 1/2 cents on the

Cattle Post Gains on Friday -

Friday fat cattle trading left the board 2 to 32 cents higher for the front month contracts. October contracts expired at $105.97. Feeder cattle

Cotton Falls Back on Friday -

Friday cotton trading left the board 73 to 102 points lower. March 21 was down the most on the day, but Dec was down 237 points from Friday-Friday.

Beans Close Higher on Friday -

Soybean futures recovered 4 3/4 to 8 1/2 cents on Friday. Despite this, Nov beans were still 2.5% below last Friday’s close. CME noted 300

Ag Market Commentary -

Corn futures closed the last trading day of the week with 1 3/4 to 3 3/4 cent gains. Dec corn was unchanged on the day (but down 20 ¾ for the week)

Full commentary...


The CME Group Intercontinental Exchange