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.
DOUGHNUT DAYS: Informal chats at your elevator regarding market factors and location specific information, enhancing the cooperative effort to bring value to your farm by being informed of your needs. GIFFORD: Wednesday, Mar 12 @ 8:30 AM ELLIOTT: Tuesday, Mar 18 @ 8:30 AM
LADIES MARKETING MTG: Tuesday, Mar 11 @ 9:00 at main office in Champaign
Overnight the markets traded lower on additional pressure from yesterday’s big sell off. Currently corn is trading 1-3 lower, soybeans 3-5 lower, and wheat mixed. The outside markets are mixed also with crude trading higher, gold higher, and the dollar lower.
IN OTHER NEWS:
Tuesday, March 11th, 2014
Deliveries: Corn: 2 through 2/25/14; Soybeans: 12 through 2/21/14, ADM delivered 12, Tenco house stopped 12; Soybean Meal: 0 through 1/15/14; Soybean Oil: 89 through 3/5/14; Wheat: 0 through 3/5/14, ADM stops 26
Ukraine’s acting President Turchinov said the decision has been made to create a “National Guard” and to raise volunteers for the new force who will fight to halt separatism. Ukraine’s acting defense minister said the Army only has 6,000 combat ready infantry. Ukraine warned yest their foreign reserves were dwindling and that they may be unable to make debt payments by the end of the year.
Russia exported 684,100 MT of wheat in January helped by the weak rouble.
State run Ukraine firm GPZKU said Tuesday they have shipped their first parcel of Ukraine origin barley to China after Ukraine met all export requirements. 52 containers holding 1,500 MT of barley left Ukraine on Feb 28th. GPZKU said last month that they had exported 300,000 MT of corn to China under a $3 bil export deal in 2012.
Syngenta said they would halt commercial sales of GMO Duracade corn hybrids in Canada because the product lacks import approval from China, Europe.
France exported 2.1 mmt of soft wheat in January, of which 1.5 mmt went outside of the EU, the highet volume shipped since the start of the 2013/14 MY in July.
Kazahkstan grain exports by rail increased to 6.21 mmt between July and March 10 from 4.96 mmt Y/Y.
S Korea’s KFA tendered for 60,000 MT of corn for May
World 2013/14 Ending Stocks NOTE: Figures are listed in millions Tonnes Wheat Corn Soybeans UDAS March Estimate 183.8 158.5 70.6 Average trade estimate 183.65 156.27 71.46 Highest trade estimate 185.00 158.40 72.90 Lowest trade estimate 182.10 154.80 69.50 USDA February 183.73 157.30 73.01
Weekly USDA EXPORT SALES Thursday 3/7/2014 @ 7:30 am Weekly USDA EXPORT INSPECTIONS Monday 3/10/2014 @ 10:00 am USDA Monthly WASDE Report Monday 3/10/2014 @ 11:00 am USDA Prospective Planting Estimates Monday 3/31/14 @ 11:00 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.