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If you are a SLC member and are interested in running for the Board of Directors, please contact Renee at our main office at 515-924-3555. 

 

Covid – 19 Update # 6

As of Monday August 10, 2020 SLC Covid-19 policy change will include the following:

  • SLC staff will be allowed to conduct meetings with outside companies and individuals
  • All SLC offices will be open as normal
  • SLC staff will be able to meet internally

The current policy will be in place until situations change. This policy is in conjunction with the Covid-19 decision tree plan sent last week. Please stay safe. Thank you.



Futures
Quotes retrieved on October 01, 2020, 04:13:38 PM CDT



SLC Commentary

StateLine Cooperative Afternoon Comments September 30th  

Corn North Burt: up 15 $3.42

Corn prices traded sharply higher on the USDA’s Sep 1 quarterly stocks number. Prices drew additional support from the super rally in the wheat market.

  • Closes: December at $3.79, up 14 ¼ cents, March at $3.88, up 14 cents, July at $3.96 ¾, up 12 ¾ cents.
  • Weekly export sales estimates range from 800 tmt to 1.4 mmt.
  • Weekly ethanol production was reported at 881k barrels per day, down 25k barrels per day. Stocks saw a slight decrease to 19.7 million barrels.
  • The USDA raised the 2019 corn production to 13.620 billion bushels, up 3.0 mb.
  • The USDA lit a fire under the corn market with the release of their Sep 1 stocks at 1.995 billion bushels, well below the average trade estimate of 2.250 bb and last year at 2.221 bb.

 

Soybean: up 30 @ $9.63

The soybean market rallied on a lower than expected Sep 1 stocks figure. Prices continue to garner support from decent demand from China. There have been a few sales reported this week, despite China entertaining their “Golden Week “ holiday.

  • Closes: November at $10.22, up 29 cents, January at $10.25 ¾, up 28 ¾ cents, March at $10.19 ¾, up 26 cents, July at $10.21 ¾, up 23 ¼ cents. The products were stronger with meal up 10-11 bucks in the Dec and oil up 48 points in the Dec.
  • Weekly export sales estimates: 1.5-2.5 mmt for beans, 100-450 tmt for meal and 5-35 tmt for oil.
  • The USDA announced the sale of 215k tonnes of soybeans to Unknown for the current marketing year.
  • The USDA reported the Sep 1 grain stocks at 523 million bushels, well below the average trade estimate of 576 mb and last year at 909 mb.

 

 

          



Forecast
Burt, Iowa (50522)
Current Conditions Cloudy
Temperature 52°F
Dew Point 34°F
Pressure 30.22 in. Hg
Humidity 50%
Wind 12 mph
From Northwest


Forecast



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