CROP TOUR TALLY RESULTS; Find them on the "Policies & Programs" tab
ATTENTION: Does setting a floor now with UNLIMITED UPSIDE potential, if the market rallies, sound good to you? Call us about the FOUNDATION contract. Kurt- Sidney 688-2307 Tom- Tolono 485-6630 Maynard- Dewey 897-1111
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.
Overnight after trading lower on the opening are now following the market wheat higher on unrest between Russian and Ukraine. Traders will also be evening up before first notice day on Friday and a long holiday weekend. Currently corn is trading unchanged to 1 higher, soybeans 2-4 higher, and wheat 6-9 higher. The outside markets are mixed this morning with crude oil trading lower, gold higher, and the dollar higher.
IN OTHER NEWS: Thursday, August 28th, 2014 · UkrAgroConsult saying Ukraine kept grain exports at 2.17 mmt from Aug 1 to Aug 26th including 1.19 mmt of wheat and 777,000 MT of barley. That’s up from 2 mmt in July. · S Africa’s CEC forecasted 2014 corn production at 14.307 mmt vs 14.017 mmt previously; they see wheat production at 1.78 mmt vs 1.87 mmt last year. · Indonesia set the crude palm oil export tax at 9% for Sept, down from 10.5% in August according to the Industry ministry. · Reported that a 3,500 MT cargo of milling wheat from Latvia is being unloaded in Rouen. Its their first import from Latvia in 4 years. · EU cleared 653,000 MT of soft wheat exports this week, putting MYTD at 3.8 mmt. EU cleared 29,000 MT of corn imports, putting MYTD at 1.9 mmt. EU awarded 164,000 MT of Ukraine wheat imports via duty free quota system. · Iraq tendered for 10,000 MT of sunflower oil · S Korea’s MFG bought 136,000 MT of opt origin corn (except eastern Europe and US PNW) out of their tender for 280,000 MT of corn for Jan/Feb. · Taiwan’s MFIG bought 60,000 MT of corn from Brazil at $196.50 over the CZ14 on 58,125 MT. The balance was bought at $221.50/ton C&F for Oct shipment. · Dalian Closes: Corn (Jan): $9.87 (-$0.03); Soybeans (Jan): $20.35 (-$0.03)
CIF Corn: 93U (+3) at 103U
CIF Soybeans: 165X (+5) at 200X
CIF SRW: 40U (-5) at 50U
Barge Freight: 525% at 550% (UNC)
Dollar index: 82.52 (+0.09)
Crude Oil: 93.71 (-0.17)
Export Sales (2013/14):
-100 to +100
-150 to 0
Export Sales (2014/15):
Premier’s Cooperative Crop tour released a yield estimate of 211/bu on 8/21 ProFarmer Crop Tour Finish Thursday 8/21 released crop estimate of 14.093 billion bu with a yield of 169.3 on Friday 8/22 USDA Weekly USDA EXPORT SALES Thursday 8/21/2014 @ 7:30 am Weekly USDA EXPORT INSPECTIONS Monday 8/25/2014 @ 10:00 am USDA CROP PROGRESS Monday 8/25/2014 @ 3:00 PM USDA Monthly WASDE Report 9/11/2014 @ 11:00 am
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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