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.
Overnight the markets open mixed, sold off, and then are trading firmer this morning. Currently corn is trading 3-5 higher, soybeans 4-7 higher, and wheat 10-15 higher. The outside markets are also firmer with crude oil trading higher, gold higher, and the dollar lower.
IN OTHER NEWS:
Thursday, December 18th, 2014 · Strategie Grains forecasted 2015/16 EU wheat production at 140.2 mmt down 5% Y/Y after the big increase in 2014 and bad weather in southeast Europe. They see 2015/16 EU barley production at 58.0 mmt, down 4% Y/Y with corn at 67.6 mmt, down 9% Y/Y. · China officially approved MIR 162 as well as shipments of biotech soybeans from Dupont Pioneer and Bayer Crop Science. Bayer’s bean approval included LL55, which they had been waiting 7 years for approval. Wire sources saying the change of heart came down to “a warmer political climate between Beijing and Washington since the Asia-Pacific Economic Cooperation forum last month”. · Ukraine’s AgMin said that they see themselves benefitting from Russia’s export “curbs” and that they have no intention of implementing anything similar. · The US Senate passed by a vote of 76 to 16 the tax extenders bill on Tuesday which included the Section 179 and biofuel tax extenders, including the retroactive $1 gal biodiesel tax credit. · A new report from the Expedicion Cosecha, a study group of the Brazilian newspaper Gazeta do Povo, said that Brazil will harvest 202 mmt of grains this year despite a prolonged drought in some regions. They estimated bean acreage increased 5.68% Y/Y (vs 7% last year) with corn decreasing by 7.9% noting that the expansion of oleaginous bean crops on grasslands and some areas in the central and eastern Cerrado ecosystem. · USDA reported an outbreak of avian flu in wild birds in Washington. · The CME increased the daily price limits starting today, feeder cattle will be $4.50 and live cattle will stay at $3. · S Korea’s NOFI bought 69,000 MT of opt origin corn at $214.46/ton C&F plus $1.25 ton surcharge for additional port unloading for April 2015 shipment. · Taiwan tendered for 78,320 MT of US wheat · US November Cattle placements are seen down 3.8% Y/Y at 96.2% (93.5-101.1% range) while Dec 1 on feed is seen at 101.1% (100.0-101.7%). · Dalian Closes: Corn (May): $9.78 (-$0.03); Soybeans (May): $18.87 (-$0.09)
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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