Premier Cooperative

Premier Market Commentary

November 20, 2017

 

 

 

 

Coffee Cup Comments

11/21/2017

 Overnight the markets traded lower. Export Inspections came out in line or above the trade estimates yesterday with corn at 24.91 million bushels vs 19.7-27.6 trade estimate and soybeans at 78.3 million bushels vs. 66.1-80.8 trade estimate. The harvest progress came out yesterday afternoon at 90% on corn vs. the trade estimate of 91% and soybeans at 96% vs. the trade estimate of 97%. Traders talking about La Nino and the dry weather affect it is have on the Argentina crop that had problems getting planted from too much rain. Currently corn is trading unchanged to 1 lower, soybeans 1-2 lower, and wheat unchanged to 1 lower. The outside markets are mixed this morning with crude oil trading higher, Gold higher, and the dollar higher. Traders will be watching the weather in South America for a direction and this morning export inspections.

The GFS model updates 4 times a day; midnight, 6 am, noon and 6 pm

 (all eastern times).

The EU twice a day; at 4 am and 4 pm.

Daily limits for Grain

New Limits November 1st

Corn $0.25/bu , Soybeans $0.65/bu, and Wheat $030/bu

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THANKSGIVING        

Wednesday, Nov 22nd   – Market will close at normal time for livestock and grains.

Thursday, Nov 23rd   THANKSGIVING - Grain/livestock markets will be closed to observe the THANKSGIVING Holiday. There will be no evening trading session.

Friday, Nov 24th – Grain/livestock markets open at 8:30 am and will have an EARLY CLOSE. Big board grains close at 12:05 pm. Mini’s close at 12:30 pm. Livestock closes at 12:15 pm.

 

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  Apex
CORN SOYBEANS WHEAT, SRW
Price (+/-) Price (+/-) Price (+/-)
11/30/17 3.24
-1'4
Chart 9.48
-1'4
Chart    
12/31/17 3.26
-1'4
Chart 9.52
-1'4
Chart    
1/31/18 3.31
-1'4
Chart 9.56
-1'4
Chart    
2/28/18 3.32
-1'4
Chart 9.65
-1'4
Chart    
3/31/18 3.33
-1'4
Chart 9.68
-1'4
Chart    
5/31/18 3.37
-1'4
Chart 9.77
-1'4
Chart    
6/30/18 3.39
-1'4
Chart 9.81
-2'0
Chart    
7/31/18 3.41
-1'4
Chart 9.85
-2'0
Chart    
10/31/18 3.52
-1'2
Chart 9.60
-1'4
Chart    
11/30/18 3.52
-1'2
Chart 9.60
-1'4
Chart    
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Humboldt, IA
Current conditions observed at: 32.0°F
Fort Dodge, IA
A Few Clouds Wind Chill 21°F
Wind: North at 17.3 mph
Humidity: 54%
Barometer: 29.96 in.(1018.5 mb)
Visibility: 10.00 mi.
Tue Wed Thu Fri
Breezy Partly Sunny Mostly Sunny Partly Sunny
Breezy
Partly Sunny
Mostly Sunny
Partly Sunny
HI 33
LO 17
HI 37
LO 28
HI 46
LO 36
HI 58
LO 34
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