"You don't get to choose how you're going to die, or when. You can decide how you're going to live now."
Joan Baez, American folk singer, political activist
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.
The corn market made new highs for the move in today’s session as moderate fund buying was once again evident. Funds purchased up to 10,000 contracts today as CZ nearly equaled the high of $4.40 from December of 2014. The large support continues on any kind of price break. Weather forecasts for the majority of the corn belt are on the drier, cooler side until next week. This weather very much needed but traders continue to look at the longer term weather models. Informa released their crop production estimates this morning as they put the U.S. production figure at 13.412 bln. bu. The USDA has 13.630 bln. bu. penciled in at the present. The outside influences were a weaker U.S. dollar and continued heat and dryness in the EU and especially France. Weekly export sales came in at the high end of trade guesses at 23.4 mln. bu. This brings the yearly total to 1.798 bln. bu. As is usually normal, the market will again look at the weather forecasts on Monday after the July 4th weekend for further price direction.
The soy complex was a mixed trade today with soybeans trading mostly on the defensive. Funds were not as aggressive buyers as they were in the corn as they ended the day by purchasing up to 2000 contracts in the shortened trading session. A drier weather forecast for the belt may have been seen as a negative for the flat price as the growing crop needs the dry weather. S. American producers continue to sell cash soybeans from their large crop which also helping to keep a lid on prices. Weekly export sales for soybeans were a disappointment as old crop sales were a small negative while new crop sales totaled just 5 mln. bu. New crop 15/16 sales total 226 mln. bu. On this date one year ago, they totaled 411 mln. bu. for 14/15. Old crop sales for 14/15 total 1.856 bln. bu. The USDA goal is 1.810 bln. bu. Informa released their updated production estimates for the U.S. They came in at 3.808 bln. bu. The USDA is using 3.734 bln. bu.
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.