FREE PRICE LATER : now available (through 8/31/15) on corn and beans delivered out of your bins on space available basis. Call your local elevator for details . GRAIN DELIVERIES TO DILLSBURG will be limited, starting February 1st due to construction. Please call Shane Drayer at 217 280-0851 for details.
PREHARVEST SALES for 2015 Crop: If that sounds good to you, call your "Settlement Elevator" to learn the details! Current offerings include: 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.
After opening higher overnight the markets traded mixed. Currently corn is trading mixed to 1 higher, soybeans 1-2, and wheat mixed to a little lower. The outside markets are mixed also this morning with crude oil trading lower, gold higher, and the dollar higher.
IN OTHER NEWS:
Ukrainian rebels attacked the Black Sea port city of Mariupol in Eastern Ukraine, reportedly killing 30 civilians in the shelling. Ukrainian rebels attacked the Black Sea port city of Mariupol in Eastern Ukraine, reportedly killing 30 civilians in the shelling.
Ukraine reached an agreement with exporters last week to limit milling wheat shipment out of the country to 1.2 million tonnes from Jan-June, but the total number is expected to vary by 10% or so. The agreement was expected to be signed today? While exportable surplus remains ample in Russia and the Ukraine, the fact that they are being proactive to ensure stable domestic supplies is something to keep an eye on.
Latest Congressional Budget Office report is forecasting:
US corn acreage planted in 2015 at 89.0 mln acres down -1.6 mln acres from last season
US soybean acreage is seen at 86.0 mln acres +2.3 mln mt over last season.
Latest Congressional Budget Office report is forecasting US all wheat acreage planted in 2015 at 55.5 mln acres down -1.3 mln acres from last season
CBO SEES 2015 U.S. UPLAND COTTON PLANTINGS AT 9.75 MLN ACRES
South Korea's Feed Leaders Committee (FLC) purchased 57,000 tonnes of optional-origin corn in a direct non-tender deal late on Monday, European traders said on Tuesday. The yellow corn was purchased at $205.95 a tonne c&f
India's soymeal exports are set to hit a 26-year low in the year ending March as easing of sanctions against Iran allows the key buyer to opt for cheaper South American supplies, industry officials said. Lower Indian sales could underpin Chicago soymeal futures SMv1, which fell almost 17 percent in 2014,
Dalian May soybean futures on Tuesday traded +15 yuan higher ending at 4,429 yuan/mt; May soymeal futures gained +16 yuan to end at 2,695 yuan/mt
Malaysian April crude palm oil futures on Tuesday traded unchanged to finish the session at 2,172 yuan/mt
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.