September 20, 2017
Market Update
September 20, 2017

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

Free Delay Price on Corn
ONLY starting January 1, 2017 at all FCS Locations.  Contact Calvin Diehl at 712.722.2671 for more information.

Morning Comments

Extremely thin trade overnight with little fresh news. At 0600 CZ17 up ¾ at $3.49 with SX17 up $0.03 ½ at $9.69. Chi and KC wheat up $0.01 ½.

Dow futures little changed at 22,337, crude oil up 60 pts at $50.08 and the US $ in negative territory.

Lower trade yesterday on increasing open interest. (Up 9,404 contracts on corn and 11,810 on soybeans) Volume continues to run low with 230K corn and 150K beans yesterday.

Inching closer to Sept stock report at month end. Muted price reaction over the last three years. Three years prior to those however saw some big swings. Picture out shortly.

Early Brazil soybean planting getting started. Vast majority goes in the ground Oct – Dec. Soybean acreage in Brazil has expanded on average 3.3 mln acres over the previous 10 years. Brazil planted 34.7 mln hectares last year. How much expansion this year? (For those wondering, there are 2.47 acres in a hectare)

Brazilian soybean areas particularly north of RGDS expected to remain hot and dry through the end of the month.

Dryland corn in northeast NE reported 180- 200. Expected 160 -170.

Next 7 days has upwards of 5” rain totals through central Nebraska, the southeast ¼ of SD into MN. NW Iowa pushing 1” with the bulk of the state at less than a ½”. Eastern belt only scattered lite showers that should allow for modest harvest activity.

Hurricane Maria made landfall in Puerto Rico as a strong Cat 4 storm this AM with winds of 155 MPH.

Country movement continues near nonexistent across the belt…………….
____________________________________________
FREE Delay Price
Free Delay Price on Corn ONLY starting January 1 at all FCS Locations.  Contact Calvin Diehl at 712.722.2671 for more information.

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.



go back