ATTENTION: Does making a profitable sale now with UNLIMITED UPSIDE potential, if the market rallies, sound good to you? Call us about the FOUNDATION contract. Kurt- Sidney 688-2307 Tom- Tolono 485-6630 Maynard- Dewey 897-1111
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 will be sent to all patrons the week of March 3, 2014 to further explain Premier’s position.
GRAIN FROM BINS Corn & Soybeans delivered now are eligible for FREE DP through Aug 31, 2014
Overnight soybeans started out firmer and corn lower on good field work over the weekend and then soybeans sold off also on weaker Chinese prices. Currently corn is trading 2-4 lower, soybeans 5-7 lower, and wheat 10-15 lower. The outside markets are also weaker with crude oil trading lower, gold lower, and the dollar firmer.
IN OTHER NEWS:
Monday, April 21st, 2014 • China March corn imports were 48,131 MT, down 79.7%; wheat imports were 538,950 MT, up 86.3%. Soybean imports were 4.623 mmt, up 20.4% with YTD imports at 15.346 mmt up 33.5%. • Egypt’s AgMin said that they’ve signed deals with local farmers to secure 4.25 mmt of wheat from local markets. • Indonesia’s March exports of crude palm oil rose 13% to 1.785 mmt vs the prior month. Palm oil production is expected to be around 28 mmt in 2014, of which 21 mmt will be exported. • USDA on Friday announced mandatory reporting of PEDv incidents of both the PEDV and swine delta coronavirus to the govt. In addition to requiring reporting, producers will also be required to track movements of pigs, vehicles and other equipment leaving affected premises. • The Obama Administration extended indefinitely the amount of time federal agencies have to review the KeyStone XL pipeline the State Dept said on Friday which means that the administration is likely punting on the decision over the pipeline until after the mid-term elections. • Barclays announced they plan to rein in its presence in commodity markets. Barclays is among the leading five banks in commodities. • USDA reported a sale of 128,000 MT of corn to unknown for 2013/14 on Friday • USDA on Thursday reported a flash sale of 125,000 MT of corn to S. Korea for 2013/14 • Planting progress expected to be 7-13% complete this afternoon. • Dalian Closes: Corn (May): $9.69 (-$0.06); Soybeans (Sept): $19.10 (-$0.06) • CIF Corn: 64K (UNC) at 68K • CIF Soybeans: 67K (-3) at 72K • CIF SRW: 68K (UNC) at 70K • Barge Freight: 360% at 370% (UNC) • Dollar index: 79.86 (+0.01) • Crude Oil: 104.08 (-0.22)
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.