Thanksgiving Holiday Hours at Premier: All locations will be closed on Thursday and Friday. The Champaign office (355-1983) will be open to buy grain on Friday, Nov 28th from 7:30 to 12:30
MARKETING FOR 2015 We are having an informational meeting with Agrivisor & CHS to get a market outlook at 8:00 AM on December 3rd at the Hawthorne Suites. Due to interest in the program, reservations have filled available space.
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 was higher on this Thanksgiving Eve with CZ gaining 4 cents and CH up 4 ¼. Commodity funds were buyers of an estimated 4000 corn contracts as of midday. The weekly ethanol report was supportive to today’s market as was talk U.S. corn is becoming more competitive on world export markets. Ethanol production last week was a record high 6.9 million barrels which used an estimated 103.1 million bu. of corn. Even though production was record high, stocks of ethanol decreased 263,000 barrels last week. Ethanol margins improved again last week and are once again at lofty levels. Heavy rainfall is expected for parts of Argentina this weekend which would be detrimental to the just planted corn crop. The weekly export sales report will be released on Friday and traders are looking for corn sales in the range of 27.5 to 35.5 million bu.
Have a Happy Thanksgiving!
Soybeans were lower today, closing 2 to 4 cents lower in rather quiet pre-holiday trading. Commodity funds were sellers of an estimated 3000 soybean contracts as of noon. South American weather is generally negative to prices as no excessively hot temperatures are expected over the next two weeks and rainfall looks to be normal to above normal, although parts of Argentina may get too much rain. The USDA announced this morning the sale of 120,000 MT’s of U.S. soybeans to China, but a news story today suggested that Chinese purchases are likely to slow in coming weeks due to the huge amount of beans arriving in Chinese ports as well as crush margins that are now negative. Friday’s export sales report is expected to show soybean sales of 29.5 to 37.0 million bu. Soymeal and soyoil exports are expected to be large.
The grain markets will be closed on Thursday. The market will re-open on Friday, Nov. 28th at 8:30 a.m. and trade until noon on Friday, Nov. 28th.
The Premier Corporate office will be open until noon on Friday all other office will be closed
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.