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

9/30/20 7:45am

There is a very high risk of fires again today with the dry and very windy forecast. Please make sure we are measuring the risks of running our combines today in these conditions. The statement below was released by the Sioux County Sheriff's office last night!!!

Alert: Fire chiefs urge farmers to delay harvest until the dry conditions and wind improve.   

USDA Quarterly stocks report 11:00 this morning. Report typically a nonevent but could help set the overall market tone for the next few weeks. Noted previously NASS will have to show 4th qtr. feed usage larger than this past year’s 3rd qtr. to make data fit.

Rains remain light and scattered in the northern corn belt this morning, with conditions dry again for the remainder of the week until more light action in the eastern half of the belt over the weekend; next week into the 6-10 remains dry, with more mixed forecasts now for the 11-15 day. Temperatures will stay cool in the coming days but easily recover to above-normal going forward.

Sources indicate US soybean sales to China may be closer to 30 mmt than 35 mmt this year. Currently US soybean sales to China reported 20 mmt. There are 11 mmt of soybeans sold to unknown as of today as well. If you want to say half that is China, they could be about done with the US program for 20/21.

Next chapter in the 20/21 soybean story South American weather.

NASS stocks data at 11:00 this morning. To make corn data fit we need to see 4th qtr. feed use 80 mln bu over 3rd qtr. History would  suggest a revision to feed use is coming.

 

Local Weather
Weather radar map

Sioux Center, Iowa (51250)

Current Conditions: Clear
Temperature: 45°F Dew point: 34°F
Humidity: 66% Pressure: 30.20 in. Hg
Wind: 8 mph From: Northwest

Forecast

Thursday
Weather condition
Hi: 52°
Lo: 38°
Friday
Weather condition
Hi: 56°
Lo: 30°
Saturday
Weather condition
Hi: 56°
Lo: 40°
Sunday
Weather condition
Hi: 54°
Lo: 37°
Monday
Weather condition
Hi: 71°
Lo: 40°
Tuesday
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 October 01, 2020, 06:52:58 AM 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 

 

Wednesday Sept 30

7:30-6:00

 

 

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
Ag Market Commentary -

In the aftermath of the quarterly Grain Stocks report, corn futures rallied 10 to 14 1/4 cents. USDA saw 1.995 bbu of corn stocks on Sept 1. That

Beans Rally a Half Limit -

Soybean futures closed the midweek session up by 21 1/2 to 30 1/2 of the 60 cent limit. Bean futures did close off their midday highs, which for Nov

Double Digit Gains for Corn -

In the aftermath of the quarterly Grain Stocks report, corn futures rallied 10 to 14 1/4 cents. USDA saw 1.995 bbu of corn stocks on Sept 1. That

Wheat Gains on Row Crop Strength -

Following the USDA updates, wheat futures rallied double digits. HRW futures were up the most across the ag futures complex, gaining 5.89% to 7.09%

Cotton Futures Close with Gains -

At the closing bell for Wednesday, front month cotton futures were 45 to 51 points in the black. Dec to March carry was 1 point better after

Cattle Weaker on Wednesday -

Live cattle futures closed the midweek session with 22 to 77 cent losses in the front months. Feeder cattle futures fell triple digits on higher

Full commentary...


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