. Connection Central Connection Central has been restored.
PHONE TEXTS or EMAIL ALERTS: Contact your local elevator to receive location specificinformation. It is the quickest,most up-to-date information (ie. hours of operation) about your delivery location.
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 seemed to be a follower of soybeans throughout the week with futures closing 2-3 cents higher today. For the week CZ gained almost 24 cents and gained 56 cents this month. While strength in beans has helped corn, it also seems the talk of not being able to find a home for corn during September faded during October as stories surfaced regarding some facilities not filling up this fall and basis levels improving during harvest in various locations. While the general attitude is that production will increase in the November report, there are enough analysts questioning this to give the market pause. Weekly ethanol was increased over the previous week with 98.4 mln. bu. consumed. Weekly export sales were disappointing but we have YTD commitments of 738 mln. bu. – enough to keep us on line to reach USDA projections. Corn harvest is expected to be 65% complete in Monday’s progress report. Wheat futures were 10 cents lower most of the session but rallied a bit into the close to finish 3-4 cents lower. The stronger dollar was attributed to the weakness today but weather issues in Brazil/Russia/Australia allowed WZ to gain 17 cents this week. Happy Halloween Have a safe harvest weekend
Was the close in beans scary enough for you? SF broke 7 cents in the final 15 seconds of trade but still managed to close 19 ½ cents higher in a very active session. SX closed 22¼ cents higher, gaining 69 cents this week and 133 cents in the month of October. Fundamental traders continue to point to very large U.S. ending stocks, good crop prospects in S. America, and possibly more bean acres in the U.S. next spring and collectively scratch their heads on why the rally? Great export bean and bean meal demand as well as logistics issues for bean meal have been the underlying theme regarding market strength. Soybean harvest is expected to be 85% complete in Monday’s report. Another active week for bean exports with inspections of 80.7 mln. bu. and 48.7 mln. bu. of soybean sales in the weekly report brings YTD commitments to 1,252 mln. bu. or 72% of USDA projections. Brazil is thought to have roughly a third of its soybean crop planted and weather is improving moisture-wise.
HAVE A PREMIER HOLLOWEEN 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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