May 29, 2017
Market Update
May 26, 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

Mixed trade to start the last day of the week. At 0600 CN7 is up a ½ cent at $3.69 ¾ with SN7 off 2 ¼ at $9.36 ¾. For those keeping score, that is a new low for the move on the SN7 contract and the lowest it’s been since April 8th of 2016. Chi and KC wheat up a ¼ and 1 ½ cents respectively

For the week CN7 is down 2 ¾ cents with soybeans giving up 16. KC wheat down 5 ¼.

Some big increases in open interest with the lower board yesterday. Suggests new shorts still willing to pile on.

Dow futures giving up a little ground this morning at 21,024. Crude off 12 points at $48.78. US $ Index a scratch lower.

Not that it should be a big surprise but CZ17 has seen only two years with a lower price this date over the past 11 years. (’15 and ’07).

Planting progress report next week. Normal would be 92% on corn and 66% on soybeans. Did we make 10% progress on corn and 12% on soybeans this past week? That’s what it would take to get to the 5 year ave.

Also will get the first corn crop condition rating Tuesday. Last year the initial G/E corn rating was 72% which was the lowest rating for the year. Since the response to guessing the initial corn rating was underwhelming I thought I’d sweeten the pot. Dozen scratch cupcakes if your guess is spot on. Let me know by noon.

Active weather pattern remains with rains every few days.

Markets closed Monday in observance of Memorial Day. Please take time to remember and reflect on the sacrifice made by the men and women of our military, first responders and their families.
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