July 17, 2018
Market Update
December 22, 2017

Farmers Coop Society has made changes to their Grain Policy.  To see the new 2017-2018 Grain Policy click here.

Morning Comments
Luke 2:10 And the angel said to them, “Fear not, for behold, I bring you good news of great joy that will be for all the people”. Merry Christmas to all. Safe travels to you and family.

Thin trade has been a theme all week. Continues this morning with just 7K contracts of CH trading and unchanged in a $0.01 ¼ range at 0630. SF18 up 1 cent at $9.49 ¾ and has seen a $0.03 ½ high to low range overnight.

Markets do close at 12:05 today.

For the week soybeans have lost near 18 cents with corn making a triple bottom at $3.46 ½ and gaining near three cents.

Dow futures a scratch higher at 24,781. S&P futures 1.40 higher at 2,689.20. Crude oil off 42 pts at $57.94 on the spot contract.

Earlier in the week looked at CH rallies off of the December lows. Noted the average was 81 cents with the last three years coming in at 31 cents. Looking at the SH contract over the same period found the average to be $1.66 with the last three years at a scratch over 67 cents. Shoot a picture of that shortly.

General assessment is rains in Argentina overnight were disappointing. 15 day forecast trends drier in Argentina, but confidence low. More details to follow.

US soybean sales running 12% behind a year ago with USDA suggesting 2% yr/yr growth. Corn sales near 25% under year ago with USDA suggesting a 16% drop. Certainly have some work to do to get to USDA estimates.

For those keeping score Dow futures are up nearly 26% on the year.

Again Grain markets close at 12:05 today. Resume trade at 0830 Tuesday morning.

Merry Christmas……………………
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2017-2018 Grain Policy
Check out our new competitive drying rates on corn and moisture discounts on beans.  Click here to see our 2016-2017 Grain Policy. 

New Off-Farm Grain Trucking Program
Farmers Coop Society is now offering an Off-Farm Grain Trucking program to have your grain delivered to one of their FCS locations. Please contact MattMcCord at 712-344-0867 for the rates and to schedule your farm picked up grain.



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