Premier Cooperative will be closed Monday, May 25 in observance of MEMORIAL DAY. After the close on Friday,grain markets don’t reopen until Monday at 7:00 pm CT i
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 are limited due to construction. Please call Shane Drayer at 217 280-0851 or Frank Sylvester 217 369-1531 for details.
PLEASE BE AWARE: Premier is not accepting Duracade® corn grown in 2014.
Overnight the markets firmer up after a mixed opening. Currently corn is trading 1-2 higher, soybeans 1-2 higher, and wheat 3-6 higher. The outside markets are mixed this morning with crude oil trading lower, gold higher, and the dollar lower.
IN OTHER NEWS:
Friday, May 22nd, 2015
China's Ministry of Agriculture revealed plans to amend its regulations on GMOs last month, which was seen as an attempt to reassure consumers concerned about the contamination of conventional foods with GMOs. Proposed changes to China's regulations on GMOs could further delay an already lengthy approval process for imports of new GMO crops.
Egypt's supplies ministry said on Thursday it had bought 4 million tonnes of local wheat so far in the procurement season which began in mid-April, surpassing its target of 3.7 million tonnes.
Argentina's largest labor union group will go on strike in the pivotal Rosario grains hub from June 1 if a salary dispute is not resolved, a union leader said on Thursday, threatening to bring milling and exports from the grains powerhouse to a halt.
ADM said on Thursday it is expanding grain export capacity at an Argentine port to help boost shipments from the world's No. 3 corn and soybean supplier and top exporter of soymeal and soyoil.
Algeria's state grains agency bought around 450,000 tonnes of optional-origin milling wheat in a tender that closed on Thursday.
USDA reported flash export sales of 203,200 metric tons of corn to unknown destinations. Of the total, 152,400 metric tons is for delivery during the 2014/2015 marketing year and 50,800 metric tons is for delivery during the 2015/2016 marketing year.
Argentina raised its 14/15 soybean crop estimate to 60 MMT from 59 MMT. This compared to USDA at 58.50 MMT and Rosario exchange at 59.6. Argentina also raised its corn 2014/15 estimate to 31 MMT from 30 MMT. USDA corn estimate is currently at 24.5 MMT and Buenos Aires Exchange is at 25 MMT.
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.