. Connection Central Connection Central has been restored.
PHONE TEXTS or EMAIL ALERTS: Contact your local elevator to receive location specificinformation. It is the quickest,most up-to-date information (ie. hours of operation) about your delivery location.
PREHARVEST SALES for 2015 Crop: If that sounds good to you, call your "Settlement Elevator" to learn the details! Current offerings include: AgriVisor Insight, CHS Compass, Average Pricing, and Option Based Contracts. As always "Offers" are a very good way to manage both your time and your marketing.
PLEASE BE AWARE: In light of recent developments we have re-evaluated our policy regarding acceptance of corn with traits that are not approved for worldwide consumption. To protect access for all Premier members to all available markets we will NOT be accepting Duracade® corn grown in 2014. A letter was sent to all patrons the week of March 3, 2014 to further explain Premier’s position.
Overnight the markets traded firmer on good domestic demand for soybeans meal, and good export demand for soybeans, and thoughts of more exports for ethanol. Currently corn is trading 2-4 higher, soybeans 3-6 higher, and wheat 6-9 higher. The outside markets are mixed with crude oil trading lower, gold higher, and the dollar lower.
IN OTHER NEWS:
Friday, October 24th, 2014 · SovEcon said Russia’s grain crop may shrink by up to 14% in 2015 from near record levels this year due to a lack of moisture in the soil after a hot and dry summer. They said total grain production may fall below 90 mmt next year while the wheat harvest may be less than 50 mmt vs 105 and 59 mmt respectively this year. · Feed millers in Vietnam have reportedly cancelled corn and soybean meal import shipments, totaling 200,000 MT of corn and 150,000 MT of meal. Buyers who had not opened a letter of credit when they signed the deals are reportedly facing difficulties in getting cargos financed. · SAGIS reported S African corn stocks at 7.427 mmt at the end of Sept vs a revised 8.363 mmt in August; stocks included 4.504 mmt of white corn; 2.923 mmt of yellow corn. Exports at the end of Sept were 1.553 mmt. · Ukraine farmers harvested 52.8 mmt of grain from 13.1 mil ha as of 10/23 accordign to the AgMin. Harvest now 88% complete with yields averaging 4.04 mt/ha vs 3.68 mt/ha last year. Wheat harvest is now complete, totaling 23.7 mmt of wheat via clean weight and 16.4 mmt of corn has been harvested so far. · Somar reporting light rains falling in areas of Brazil’s center west and southeast including parts of Minas Gerais with heavier rains expected next week. · Buenos Aires Exchange forecasted 2014/15 bean acreage at 20.6 mil ha; wheat production at 11.5 mmt. · Today is November options expiration · Dalian Closes: Corn (Jan): $9.72 (+$0.03); Soybeans (Jan): $20.11 (+$0.22) · Fall Crop Insurance Discovery Price (Average of CZ and SX during Oct): Corn: $3.43; Soybeans: $9.46
HAVE A PREMIER DAY The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.
The future prices and elevator bids on this web site are delayed. For the current bids please check with your local elevator.
Premier Cooperative's bids are alway subject to change without notice from this web site.