Edwards Market Thoughts

11/30/20 8:00am

Corn market is slightly lower after trading higher overnight but found resistance toward $4.40 in the March.

CFTC weekly commitment of trader’s data delayed Friday will be out this afternoon. As of this morning, have Funds long 279K corn and 224K soybeans.

South American weather has something for everyone. Euro model slightly drier C. Sao Paulo in 1-5 day, while both models slightly wetter C. Cordoba; GFS slightly drier C. Brazil in 6-10 day & slightly wetter S. Argentina in 11-15 day.

Technically Jan soybeans continues to find resistance here at $12.00 with support at $11.78 and then $11.48.

Looked at years with a yield decline Oct to Nov and then the Nov final change. Strong tendency for corn yield to drop further after a Oct – Nov decline. Little more random with soybeans.

 

 

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Sunny
Temperature: 36°F Dew point: 18°F
Humidity: 47% Pressure: 30.17 in. Hg
Wind: 7 mph From: South

Forecast

Monday
Weather condition
Hi: 36°
Lo: 14°
Tuesday
Weather condition
Hi: 43°
Lo: 18°
Wednesday
Weather condition
Hi: 38°
Lo: 19°
Thursday
Weather condition
Hi: 37°
Lo: 21°
Friday
Weather condition
Hi: 44°
Lo: 17°
Saturday
Weather condition
Hi: °
Lo: °

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Siouxland Cash Bids
Name Delivery End Basis Cash Price Futures Price

View all cash prices...
Quotes retrieved on November 30, 2020, 01:40:25 PM 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

Harvest 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.

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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
Corn Coming Out of the Weekend with Losses -

Today is first notice day for December corn futures. The oldest long is dated July 2019! The national average basis from cmdtyView is -0.14 with a 7

Cotton Dropping Lower at Midday -

Monday trading through midday has front month cotton futures dropping 61 to 93 points. There were 12 more deliveries against Dec futures issued,

Hogs Rally Out of Weekend -

Following the Friday pullback, lean hog futures look to extend last week’s rally with triple digit gains at midday. The CME Lean Hog Index for Nov

Beans Offer Cyber Monday Deals -

Soybeans are trading with double digit losses at midday. Futures are 1.11% to 1.34% lower. Soybean meal is down $1.40 to $2.60/ton. Soybean oil

Cattle Market Pulls Back on Monday -

Fat cattle futures are trading in the red so far with 17 to 47 cent Monday givebacks. Feeder cattle are also on the slide, giving back 22 to 50

Wheat Down Double Digits -

Today is First Notice Day against December wheat futures. The national average cash prices from cmdtyView are $5.60/bu (SRW), $5.14/bu (HRW), and

Full commentary...


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