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Announcements

August 21, 2019

Premier Cooperative has extended the storage and Delayed Pricing deadline from August 31st, 2019 to September 30th, 2019. Please contact your Premier contact with any questions.

August 21, 2019

We're now hiring for seasonal help! Our Sadorus, Tolono, Rising, Philo, and Jamaica locations have seasonal openings for Grain Scale Clerks. Job duties can be found in the job posting under About Us. Interested candidates should apply at the location they are interested in working at. Candidates interested in seasonal...
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Premier Market Commentary

August 23, 2019

 

 

 

 

 

08-23-2019

 

Overnight the markets are trading firmer again on lower yields from the Pro Farmer Tour.

Corn and soybean yield prospects in Minnesota were down from last year and the three-year average, scouts on an annual tour of top U.S. production states found on Thursday. The Pro Farmer Midwest Crop Tour estimated Minnesota corn yields at 170.37 bushels per acre (bpa), down from 178.67 bpa in 2018 and the tour's three-year average of 184.18 bpa.  The four-day crop tour, which does not project soybean yields, estimated the amount of soybean pods in a 3-by-3-foot square in Minnesota at an average of 965.31 pods, down from both last year's average of 1,090.47 pods and the three-year average of 1,072.68.

Iowa corn and soybean yield prospects were down from last year and the three-year average, scouts on an annual tour of top U.S. production states found on Thursday. The Pro Farmer Midwest Crop Tour estimated Iowa corn yields at 182.83 bushels per acre (bpa), down from 188.20 bpa in 2018 and the tour's three-year average of 185.39 bpa. The four-day crop tour, which does not project soybean yields, estimated the amount of soybean pods in a 3-by-3-foot square in Iowa at an average of 1,106.91 pods, down from both last year's average of 1,208.99 pods and the three-year average of 1,175.40.

The Pro Farmer Tour went through Thursday 8-22 and will have their final estimate for the US today. Traders are got a firsthand report of this year’s crop all week from the Eastern and Western Tour groups. Currently corn is trading 1-2 lower, soybeans 1-2 higher, and wheat mixed. The outside markets have crude oil trading higher and the dollar higher.

Traders will be watching the weather, the Pro Farmer Tour comments, and any Chinese Trade negotiations for a direction.

____________ MARKET MOVERS

USDA Weekly EXPORT INSPECTIONS Monday 8-26-2019 @ 10:00 am

USDA Weekly CROP PROGRESS Monday 8-26 @ 3:00 pm

USDA Weekly USDA EXPORT SALES Thursday 8/22 @ 7:30 am

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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, nor intended to be relied upon for specific trading in commodities here in

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WIXY CLASSIC MORNING COMMENTS


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  Apex
CORN SOYBEANS WHEAT, SRW
Price (+/-) Price (+/-) Price (+/-)
8/31/19 3.70
-3'0
Chart 8.15
-10'4
Chart    
10/31/19 3.62
-3'4
Chart 8.13
-10'4
Chart    
11/30/19 3.62
-3'4
Chart 8.13
-10'4
Chart    
12/31/19 3.64
-3'4
Chart 8.18
-9'4
Chart    
1/31/20 3.70
-3'2
Chart 8.23
-9'4
Chart    
3/31/20 3.70
-3'2
Chart 8.31
-9'0
Chart    
5/31/20 3.72
-3'2
Chart 8.38
-9'0
Chart    
7/31/20 3.79
-3'0
Chart 8.45
-8'2
Chart    
10/31/20 3.63
-2'4
Chart 8.58
-5'6
Chart    
11/30/20 3.63
-2'4
Chart 8.58
-5'6
Chart    
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Humboldt, IA
Current conditions observed at: 64.0°F
Fort Dodge, IA
Fair
Wind: East at 4.6 mph
Humidity: 84%
Barometer: 30.17 in.(1024.0 mb)
Visibility: 10.00 mi.
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Mostly Sunny Partly Sunny Thunderstorms Likely Thunderstorms Likely
Mostly Sunny
Partly Sunny
Tstms Likely
Tstms Likely
HI 79
LO 55
HI 77
LO 57
HI 76
LO 60
HI 76
LO 56
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