Edwards Market Thoughts

5/11/2021 8:00am 

Corn market seeing a bounce in the old crop with new crop treading water as planting pace is ahead of normal at 67% vs 52% avg. July corn seeing support from end user pricing as ethanol margins improved yesterday with corn dropping faster than ethanol prices.

U.S. precip action remains south today before a drier end to the week, but this weekend and beyond is set to bring a warm and wet pattern across the belt.

 Wed USDA Estimates:

 

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 63°F Dew point: 23°F
Humidity: 22% Pressure: 30.29 in. Hg
Wind: 7 mph From: Southeast

Forecast

Tuesday
Weather condition
Hi: 60°
Lo: 31°
Wednesday
Weather condition
Hi: 64°
Lo: 38°
Thursday
Weather condition
Hi: 64°
Lo: 44°
Friday
Weather condition
Hi: 58°
Lo: 49°
Saturday
Weather condition
Hi: 65°
Lo: 45°
Sunday
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 May 11, 2021, 05:22:28 PM CDT 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

Scale Hours

Monday - Friday

7:30 am - 4:30 pm

 

  

 

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 Closes Back in Black -

After the sharp losses on Monday, Tuesday corn futures bounced back. Old crop futures ended the session with double digit gains, the May to July

Turnaround Tuesday Bounce Back for Beans -

Soybean futures were 11 to 27 1/4 cents higher after more than recovering from Monday losses. Old crop futures were stronger on the day, widening

Lean Hogs Lower on Tuesday -

At the close for the Tuesday session, lean hog futures were 42 cents to $1.35 in the red. The summer months were down the most, though hogs remain

Wheat Recovers on Turnaround Tuesday -

Tuesday wheat trading brought futures back up from the +30 cent drops on Monday. CBT futures ended the session off the highs but still 8 to 11 1/4

Cattle Gains Triple Digits on Tuesday -

Fat cattle futures closed the Tuesday session with gains of $1.35 to $1.70, save for June contracts which gained 40 cents. Cash trade remains light

Cotton Ends Tuesday with Losses -

At the close cotton futures were 26 to 72 points weaker. The thin October contract closed down by a penny. The old to new crop inverse widened to

Full commentary...


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