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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 futures spent the majority of the day in the red but were able to rise above their early lows and close the session slightly higher. The weather forecast looks favorable for corn harvest across much of the Midwest over the next 10 days. Temperatures are expected to warm to above normal levels with below normal chances for precipitation. Late last week forecasts for this winter also began to look more encouraging with temperatures expected to not be as cold as last year. U.S. corn harvest progress is expected to come in between 35-40% complete in this afternoon’s report compared to an average of 52%. Last week 24% of the U.S. corn harvest was estimated to be finished, while 74% of the crop was forecast to be in good to excellent condition, and 87% was projected to be mature. Corn export inspections for the week ending October 16th came in this morning at 28.3 mln. bu. Season to date inspections stand at approximately 224 mln. bu. compared to 148 mln. bu. last year.
Wheat futures traded lower today as the forecast looks promising for farmers in the Great Plains to plant their winter wheat crop. Weekly wheat export inspections came in on the lower end of expectations this morning at 17.7 mln. bu. Season to date inspections are roughly 189 mln. bu. below last year.
Soybean futures traded lower today as concerns over continued harvest delays in the U.S. dwindle on a favorable 10 day forecast. Also adding pressure was the expectation for rainfall across the dry regions of Brazil. Dry conditions have caused Brazil’s soybean plantings to lag to their slowest pace since 08/09. AgRural estimates Brazil’s soybean plantings at just 10% complete. Last year at this time their bean plantings were projected to be 19% complete. Bean harvest progress in the U.S. is expected to come in between 55-60% complete in this afternoon’s report compared to an average of 65%. Last week 40% of the U.S. soybean harvest was estimated to be done, while 73% of the crop was forecast to be in good to excellent condition, and 91% was said to be dropping leaves. Weekly bean export inspections this morning were huge at 73.2 mln. bu. China accounted for approximately 54% of that total. Currently the U.S. is on pace to export between 245 to 265 mln. bu. of soybeans during the month of October. New U.S. export sales to China have been few and far between over the last three weeks. At this time, China appears to be looking for offers out of Brazil for the February forward timeframe.
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.
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Premier Cooperative's bids are alway subject to change without notice from this web site.