"I live by this credo: Have a little laugh at life and look around you for happiness instead of sadness. Laughter has always brought me out of unhappy situations. Even in your darkest moment, you usually can find something to laugh about if you try hard enough."
PREHARVEST SALES; 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.
Sign up for Location Texts or Email Alerts! Contact your local elevator to recieve location alerts to get the quickest
Overnight the markets traded weaker as traders continue to look at the avalanche of grain coming in this harvest. Funds are setting at record shorts in soybeans and did even up a little yesterday. The USDA quarterly Stocks report will come out this morning at 11:00 so we may see a little more evening up later this morning. Currently corn is trading unchanged to 1 lower, soybeans 4-6 lower, and wheat 2-4 lower. The outside markets are weaker this morning with crude oil trading lower, gold lower, and the dollar higher.
IN OTHER NEWS:
Tuesday, September 30th, 2014 · Deliveries (October): Meal: 0 through 5/22/13; Soybean Oil: 404 through 9/2/14 w/ Term issuing 49; JPM cust stopping 145 · Corn conditions were unchanged at 74% G/E vs 55% this week last year; corn was 96% dented, up 6% from last week vs 97% avg; corn harvest was 12% harvested up 5% from last week vs 23 avg. · Soybean conditions improved 1% to 72% G/E vs 53% this week last year; soybeans were 69% dropping leaves vs 45% last week and 71% avg. Soybean harvest advanced 7% to 10% complete vs 17% avg. · Winter wheat seedings were 43% complete, up 18% vs 36% avg; winter wheat was 14% emerged vs 11% last week and 12% avg. · Spring wheat harvested advanced 8% to 94% vs 96% avg. · USDA said yest they would start issuing Census crush data starting in 2015. · Safras reported Brazil farmers have sold 13% of their bean crop as of 9/1 and haven’t sold much since citing low prices and farmers not accepting them. · China’s government has launched a media campaign in support of GMO crops as it battles a wave of negative publicity over technology it hopes will play a major role in boosting food security. The AgMin said they will try to educate the public on GMOs via TV, newspapers and the Internet. · Lanworth raised their US corn yield to 174.9 bpa from 174.5 bpa on 9/17. They forecasted production at 14.596 bbu, up from 14.564 bbu last month. Soybean yield was seen at 47.1 bpa, up from 47.0 bpa and production at 3.880 bbu vs 3.873 bbu previously. · Ukraine farmers harvested 41.2 mmt of grain from 11.1 mil/ha through 9/29. The equivalent of 75% of sown acreage with yields averaging 3.72 mt/ha, up 14% Y/Y. The AgMin said they’ve completed the 2014 wheat and barley harvest earlier this month with 24.4 mmt of wheat and 9.3 mmt of barley harvested. · UkrAgroConsult said that Ukraine has exported 40% of their exportable surplus wheat over the first 3 months of the 14/15 season. They raised their 14/15 wheat export forecast by 5.3% to 10 mmt. · Turkey tendered for 200,000 MT of milling wheat · China will be on holiday from 10/1/14 to 10/7/14 for the Golden week holiday · Sept 1 stocks released at 11 am Chicago time. · Dalian Closes: Corn (Jan): $9.76 ($+0.02); Soybeans (Jan): $20.34 (-$0.01)
CIF Corn: 84Z (+5) at 89Z
CIF Soybeans: 120X (-12) at 130X
CIF SRW: 50Z (UNC) at 80Z
Barge Freight: 1025% at 1050% (+25%)
Dollar index: 86.09 (+0.50)
Crude Oil: 94.67 (+0.10)
USDA Weekly USDA EXPORT SALES Thursday 10/1/2014 @ 7:30 am USDA Weekly EXPORT INSPECTIONS Monday 10/06/2014 @ 10:00 am USDA CROP PROGRESS Monday 10/06/2014 @ 3:00 PM USDA QUARTILY GRAIN STOCKS REPORT 10/06/2014 11:00 am USDA Monthly WASDE report Friday 10/10/2014 @ 11:00 am NOPA CRUSH Wednesday 10/15/2014 7:30 am
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.