GOOD FRIDAY: With the markets closed, all Premier Elevators will be closed on Friday, April 18
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
Ag markets will be closed Thursday night and Friday, in observance of the Good Friday Holiday.
Markets will resume trade on Sunday night at 7PM CDT.
Corn again was on the defensive as we enter a 3 day weekend. Improving weather forecasts for the corn belt the primary driving force behind the selling today. Funds were sellers of up to 5000 contracts of corn. CN made new contract lows for the week as it nears support near the $4.90-$4.95 level. Overall, it was a low volume, quiet day of trade. Above normal temps expected for the corn belt through next week with several different chances of rainfall. Rainfall totals however, are expected to be on the light side. Areas of the southern U.S. Plains receiving some rainfall today but wheat prices on the board closed firmer both in Chicago and Kansas City. Reports of corn planting taking place in the Springfield, Il. to Jacksonville, Il. corridor. Weekly export sales were towards the low end of the trade guesses at 23.7 mln. bu. Sales for the 13/14 crop year now totals 1.676 bln. bu. or 94% of the USDA goal. The USDA announced a 125,000 ton corn sale to S. Korea this morning.
Soybeans were under pressure from the ever present China story and an improving weather forecast for the U.S. corn belt. Funds were sellers of up to 3000 contracts of soybeans while they were also sellers of meal and oil. Liquidation of old/new spreads enabled the new crops to end the day firmer. Besides the threat of defaults and outright cancellations of soy cargoes to China, there is also talk of multiple cargoes of S. American meal heading to the U.S. east coast. It does pencil but executing is a bit more difficult. Weekly soybean export sales of 700,000 bu. were on the low side of trade guesses but not surprising. Sales for the 13/14 crop year now total 1.639 bln. bu. or 104% of the USDA goal.
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.
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Premier Cooperative's bids are alway subject to change without notice from this web site.