STATELINE COOPERATIVE EVENING COMMENTS 9-24-18
Corn: North Burt up 3 @ $3.08
- Corn trades higher due to the uncertainty of farmers getting back in the field.
- As more intense rainfall covers the Midwest, the more potential damage impacts corn.
- December corn closed up 3¼c at $3.60½, July closed up 2½c at $3.85¾ and December 2019 closed up 1½c at $3.95¼.
- Export inspections: 1,263,310 tons /Estimates: 850,000-1,150,000.
- Estimated corn progress: 16%, previous week was 9%.
- Sources report the African Swine fever stretches into parts of Mongolia.
Soybeans: down 6 @ $ 7.41
- Soybeans ended lower on tariffs moving forward. The U.S. and China have no set schedule for further trade talks. The U.S increases soybean exports into the EU as trade war intensifies.
- November soybeans closed down 6¼c at $8.41, July closed down 5c at $8.92¾ and November 2019 closed down 2c at $9.10½.
- Export inspections: 693,890 tons /Estimates: 550,000-900,000.
- Estimated bean progress: 13%, previous week was 6%.
- The U.S implemented $200 billion worth of tariffs on Chinese goods starting today. Another $267 billion worth of tariffs could go into effect by the end of the year. In response, China applied $60 billion on U.S. products
StateLine Cooperative is inviting all customers to attend any of the
Town Hall Meetings being hosted by SLC CEO Bill Beukema.
- Discuss year end financials
- Examine global economics and Domestic related ag issues
- Crop year 2019 looking forward
- Question and answer from the floor
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)