INTERESTED IN DIVERSIFING YOUR MARKETING FOR 2015 Come join us for an informational meeting with Agrivisor & CHS to get a market outlook on December 3rd at the Hawthorne Suites at 8:00am Please call your local elevator to RSVP by Nov. 26th
SOYBEAN NON GMO PREMIUM ON 2014 CROP: Due to contract bushel limitations the premium will be paid after harvest.
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.
Corn harvest hit 89% complete, leaving 1.6 billion bushels out in the fields. Poor weather continues to interfere with harvest activities. Export sales at 908,000 metric tons were a bright spot for corn this week as the trade was looking for 400,000-700,000 metric tons. The EPA announcement to postpone the Renewable Fuel Standards program was a non-event for the market. Most people are anticipating that the ethanol levels will be in line with current production and any changes will not be punitive to the industry. RIN values continue to trade around 50 cents/gallon. March corn closed down 9 cents for the week at 385.25 cents/bushel .
Soybeans export inspections continued to stay very robust at 3.077 million metric tons, with China responsible for 80% of that volume. NOPA crush data showed that we crushed a record number of beans for October at nearly 158 million bushels. Meal from South America and Europe heading to the U.S. was responsible for finally breaking down the red hot soy meal market. January soybeans closed up 16.5 cents for the week at 1039.00 cents/bushel.
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.