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Quotes retrieved on April 20, 2018, 05:10:39 AM CDT



SLC Commentary

STATELINE COOPERATIVE’S EVENING COMMENTS 4-19-2018

 

Corn: North Burt down 1 @ $3.37

  • The corn market closed lower on forecasts for warmer temperatures across the Upper Midwest next week.
  • Closes; May at $3.82, down 1 cent, July at $3.91, down ¾ cent and December at $4.08, down ½ cent.
  • Weekly export sales came in at 1.2 mmt.
  • Energy markets are mixed with the crude oil market turning lower this afternoon.

Soybeans: down 4 @ $9.52

  • The soybean market closed on the defensive on lack of Chinese interest in buying US beans.  They have been buying beans for a while, but they are buying SA beans not US beans.
  • Weakness in soymeal and the potential for increased bean acres this year pressured the soybean market. May meal closed $3-$4 bucks lower and soyoil was off 2 points.
  • Closes; May at $10.37 ¼, down 4 ½ cents, July at $10.49, down 4 ¼ cents and November at $10.42 ½, down 3 ¼ cents.
  • Weekly export sales were reported at 2.1 mmt for beans, 172 tmt for meal and 28 tmt for soyoil.

 

Forecast
Burt, Iowa (50522)
Current Conditions Fog
Temperature 21°F
Dew Point 19°F
Pressure 30.46 in. Hg
Humidity 93%
Wind 0 mph
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Forecast