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Quotes retrieved on September 22, 2018, 11:12:37 PM CDT



SLC Commentary

STATELINE COOPERATIVE EVENING COMMENTS 9-21-18

  

Corn: North Burt up 5 @ $3.05

  • The corn market traded higher, bouncing back from recent contract lows from end-user buying and fund short covering.
  • The US maintains its place in the world market with today’s announcement of a 122k tonnes sale to unknown destinations for 2018-19.
  • Closes: December at $3.57 ¼, up 4 ¾ cents, July at $3.83 ¼, up 4 ¼ cents and red Dec at $3.93 ¾, up 3 ½ cents.
  • Weather forecast suggest a drier pattern developing over the weekend and into next week, with temperatures a bit cooler.
  • The USDA Cattle on Feed report for August showed on feed Sep 1 at 106% (105.4%), August placements at 107% (104.4%) and August marketings at 100% (100.4%).

Soybeans: down 3 @ $ 7.47

  • The soybean market traded lower on profit taking as the focus switches back to what looks to be a huge US soybean harvest and the ongoing spat between the US and China.
  • Closes: November at $8.47 ¼, down 3 cents, July at $8.97 ¾, down 2 cents and red Nov at $9.12 ½, up ¾ cent. Products were mixed with meal down 5-6 bucks and oil up 49 points.
  • Brazil’s soybean plantings are at 1.9% complete versus less than 1% this time last year
  • The market awaits next week’s USDA Small Grains Summary and Sep 1 Grain Stocks on September 28th at 11 AM CDT. 

 

 

 

 

StateLine Cooperative is inviting all customers to attend any of the    

     Town Hall Meetings being hosted by SLC CEO Bill Beukema.

Agenda:

  • Discuss year end financials
  • Examine global economics and Domestic related ag issues
  • Crop year 2019 looking forward
  • Question and answer from the floor

Meeting schedule

September 24     9:00 a.m.   Buffalo Center Heritage Town Center

                                           201 2nd Ave. SW Buffalo Center, IA        

September 25     9:00 a.m.  Armstrong Community Center

                                          519 6th Street Armstrong, IA

September 25     1:30 p.m.   Cylinder Heritage Center/ Town Hall

                                           East of Post Office on 1st Street

September 27     9:00 a.m.   Burt Community Center

                                           401 1st Street Burt, IA  (under Water Tower)



Forecast
Burt, Iowa (50522)
Current Conditions Clear
Temperature 54°F
Dew Point 48°F
Pressure 30.07 in. Hg
Humidity 80%
Wind 9 mph
From South


Forecast