Premier Cooperative

Premier Market Commentary

September 20, 2018

Closing Comments

                                                                     9/20/18

Corn and soybeans rallied today on news Argentina would impose a 30% export tax on corn soybeans and wheat making their grain more expensive on the world market. Hurricane Florence is bringing moisture into the Eastern Corn Belt delaying harvest and rain and cold weather is forecasted for the central grain belt. Export sale came out this morning above the trade estimate on both corn and soybeans. Corn export sales were 54.5 million bushels vs 17.7-47.2 trade estimate and soybeans were 33.7 vs 14.7-33.1 trade estimate.

 The Market will be watching the funds, the weather,  NAFTA negotiations with Canada now, and the Chinese tariffs talks for a direction.

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August 28, 2018

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  Apex
CORN SOYBEANS WHEAT, SRW
Price (+/-) Price (+/-) Price (+/-)
9/30/18 3.12
6'6
Chart 7.90
20'2
Chart    
10/31/18 3.12
6'6
Chart 7.90
20'2
Chart    
11/30/18 3.12
6'6
Chart 7.90
20'2
Chart    
12/31/18 3.30
6'6
Chart 8.09
20'2
Chart    
1/31/19 3.33
6'6
Chart 8.14
20'2
Chart    
2/28/19 3.37
6'6
Chart 8.17
19'6
Chart    
3/31/19 3.40
6'6
Chart 8.22
19'6
Chart    
4/30/19 3.43
6'2
Chart 8.27
19'4
Chart    
5/31/19 3.44
6'2
Chart 8.32
19'4
Chart    
6/30/19 3.46
6'0
Chart 8.37
19'4
Chart    
7/31/19 3.49
6'0
Chart 8.42
19'4
Chart    
10/31/19 3.55
4'4
Chart 8.67
19'4
Chart    
11/30/19 3.55
4'4
Chart 8.67
19'4
Chart    
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Humboldt, IA
Current conditions observed at: 88.0°F
Fort Dodge, IA
Mostly Cloudy Heat Index 91°F
Wind: South at 19.6 mph
Humidity: 50%
Barometer: 29.58 in.(1003.0 mb)
Visibility: 10.00 mi.
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Rain Showers
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Sunny
HI 89
LO 53
HI 59
LO 42
HI 67
LO 48
HI 74
LO 55
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