CHS Drayton Morning Market Wire

All locations will be closing Wednesday January 30 at 11:00am for Safety Training.

We will be having Marketing Meetings on February 5th at 9:00am in Cavalier and 12:00pm in Drayton.

Market Summary

Corn closed unchanged this morning with the March contract trading a narrow one cent range overnight.  March corn is holding above most moving averages and 8 cents below its 200 day moving average of $3.88.  Support comes from adverse weather in South America and ideas of a smaller corn yield for the final production numbers.  Look for mostly steady trade today as the market awaits fresh supportive news.

Soybeans traded lower overnight as South America received some light, scattered precipitation.  The March contract is currently just below the 200 day moving average of $9.22.  Prices garnered support last week on ideas of sizeable reductions to the Brazilian soybean crop from continued dryness.  Look for lower trade on rains in Brazil and lack of Chinese interest in U.S soybeans.

Spring wheat traded higher overnight bouncing off the low of the recent trading range.  Ideas that Russian exports may slowdown also provided support.  U.S/China trade talks will also be focus; will they confirm the recent rumor that China will buy 3-7mmt of U.S wheat?  Look for higher trade today on hopes of improving demand of U.S supplies.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer. If you would like to make an offer or would like more information please give me a call at the office. (All compass contracts have a 48 hour probation period.)

Price Builder BonusDaily Price PlusFutures at 8:00am
SX19 (Nov)$10.10$9.90$9.61
CZ19 (Dec)$4.25$4.21$4.02
MWZ19 (Dec)$6.28$6.15$6.02

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop PremiumNew Crop TargetTrigger Date
0.166.40 MWZ1911/20/2019
0.2510.20 SX1910/23/2019
0.184.10 CZ1911/20/2019

Futures markets as of 8:30 AM

Minneapolis Wheat:MWEH195.77+0.02
Kansas City HRW:KWEH195.12+0.02
Soybeans:SH199.20-0.04
Corn:CH193.800.00

CHS Drayton Cash Prices

Spring Wheat:5.32-0.45 basisJanDelivered Drayton
Winter Wheat:4.32-0.80 basisJanDelivered Drayton
Corn:3.26-0.54 basisJanDelivered Drayton
Soybeans:7.90-1.30 basisJanDelivered Drayton

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%
-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)
+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances. CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

CHS reports $347 million first quarter fiscal 2019 net income

Winter scene

CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”

(more…)

CHS owners elect five directors at CHS Annual Meeting

chs board of directors at CHS Annual Meeting
CHS elected five directors at the CHS Annual Meeting.
Pictured (left to right) are: David Beckman, David Johnsrud, David Kayser, Russ Kehl and Steve Fritel.

The 2018 CHS Annual Meeting wrapped up December 7 as more than 1,900 CHS member-owners took part in educational sessions, board elections and governance, and heard company updates in Minneapolis, Minnesota. A recap of the meeting, including the 2018 CHS Annual Report, videos and photos is ready to view.

During CHS Board elections Friday morning, CHS owners elected a farmer from Nebraska and re-elected four other farmers to serve three-year terms on the board. CHS Directors must be full-time farmers or ranchers to be eligible for election to the 17-member board.

Newly elected Director David Beckman of Elgin, Nebraska, succeeds Don Anthony of Lexington, Nebraska, who retired after serving on the board since 2006. Along with his wife, brother and their families, Beckman raises irrigated corn and soybeans and operates a custom hog-feeding operation. He received his bachelor’s degree in agronomy from the University of Nebraska-Lincoln, and he serves as board chairman for Central Valley Ag Cooperative, York, Nebraska, and secretary of the Nebraska Cooperative Council.

Re-elected were Steve Fritel, Rugby, North Dakota; David Johnsrud, Starbuck, Minnesota; David Kayser, Alexandria, South Dakota; and Russ Kehl, Quincy, Washington.

Following the annual meeting, the CHS Board re-elected Dan Schurr, LeClaire, Iowa, to a one-year term as chairman. Other directors selected as officers for 2019 were:

  • J. Blew, Castleton, Kansas, first vice chairman
  • David Johnsrud, Starbuck, Minnesota, secretary-treasurer
  • Jon Erickson, Minot, North Dakota, second vice chairman
  • Steve Riegel, Ford, Kansas, assistant secretary-treasurer

Learn more about the CHS Board of Directors.

CHS Drayton: Morning Market Wire

Monday December 17, 2018 by: Eric Peterson –
Be sure to Like CHS Drayton on Facebook!

Market Summary

Corn closed a fraction higher this morning with the March contract trading a narrow two cent range overnight. Since the beginning of the month, March corn futures have been stuck in a sideways trading range between $3.80 and $3.87. All eyes will be watching report for additional Chinese business. The trade appeared to be disappointed with last week’s totals. The prospect of China buying U.S corn has trader’s hopeful another rally may happen.

Soybeans traded higher overnight as trade optimism continues to offer support but the January contract closed six cents off session highs. Technically, the next level of resistance is $9.28 with support at last Monday’s gap from $9.09-$9.09¾. Weather forecasts are showing rain for Brazil over the next 10 days. This should stabilize an excellent crop that experienced some dryness. Look for lower trade today if we do not hear of additional soybean sales to China this morning.

Spring wheat closed a penny higher this morning as trade remains choppy. The March contract remains at the top end of the 30-60 day trading range. It now looks like winter wheat acres will be down 5% when initial estimates were for a 10-15% increase. All wheats are trading stronger in hopes to see better exports in the near futures.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price. Below are today’s closing bids for two types of compass contracts we offer. If you would like to make an offer or would like more information please give me a call at the office. (All compass contracts have a 48 hour probation period.)


Price Builder Bonus
Daily Price Plus
Futures at 8:00am
SX19 (Nov)
$10.06
$9.84$9.53
CZ19 (Dec)
$4.28
$4.14
$4.04
MWZ19 (Dec)
$6.31$6.23$6.12

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium
New Crop Target
Trigger Date
.186.50 MWZ1911/20/2019
.2510.20 SX1910/23/2019
.164.10 CZ1911/20/2019

Futures markets as of 8:30 AM

Minneapolis Wheat:MWEH195.85+0.01
Kansas City HRW:KWEH19 5.225.22+0.04
Soybeans:SF199.04+0.03
Corn:CH193.850.00

CHS Drayton Cash Prices

Spring Wheat:5.35-0.50 basisDecDelivered Drayton
Winter Wheat:4.42-0.80 basisDecDelivered Drayton
Corn:3.29-.056 basis
DecDelivered Drayton
Soybeans:7.79-1.25 basis
DecDelivered Drayton

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%
-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)
+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances. CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

CHS Drayton Morning Market Wire

-Be sure to Like CHS Drayton on Facebook!   

Market Summary

Corn saw quiet trade overnight after Tuesday’s USDA report raised the U.S carryout after lowering ethanol usage. March corn remains rangebound at $3.84 to $3.87, above the 50 day moving average of $3.79. Corn exports were 1.064mmt vs estimates of 1.0-1.5mmt in today’s weekly report. Look for slightly higher trade today as the daily chart looks trapped in consolidation, but the weekly chart suggests more room for upside.

Soybeans closed a penny lower this morning with the January contract trading a narrow two cent range. We continue to see evidence and hear talk of China buying soybean for state owned reserves which doesn’t have an import tariff. Nearby soybeans traded to their highest price since June 15th yesterday after China’s return. More sales will be needed soon to maintain this rally.

Spring wheat closed two cents higher this morning trading a narrow range overnight. Wheat export sales were 754tmt compared to estimates of 500-800tmt. The recent move up seems more technical and money driven than fundamental. Kansas City wheat rallied to the highest price in a month in overnight trade, but U.S wheat was the highest offer in yesterday’s Egypt tender.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer.  If you would like to make an offer or would like more information please give me a call at the office.  (All compass contracts have a 48 hour probation period.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SX19 (Nov) $10.19 $9.93 $9.64
CZ19 (Dec) $4.28 $4.16 $4.04
MWZ19 (Dec) $6.32 $6.23 $6.07

 

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium New Crop Target Trigger Date
0.18 6.50 MWZ19 11/20/2019
0.33 10.00 SX19 10/23/2019
0.18 4.10 CZ19 11/20/2019

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEH19 5.85 +0.02
Kansas City HRW: KWEH19 5.17 +0.06
Soybeans: SF19 9.18 -0.01
Corn: CH19 3.84 -0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.40 -0.45 basis Dec Delivered Drayton
Winter Wheat: 4.37 -0.80 basis Dec Delivered Drayton
Corn: 3.28 -0.56 basis Dec Delivered Drayton
Soybeans: 7.93 -1.25 basis Dec Delivered Drayton

 

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%

-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)

+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.  CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

 

CHS Drayton Morning Market Wire (12/12)

-Wednesday, December 12th we will NOT be dumping grain after 12:00pm. We will be shut down for maintenance.

CHS Drayton Annual Meeting will be held December 12th at 12:30pm at Hastings Landing, beginning with lunch and meeting to follow.  Please RSVP by calling the office.   

Market Summary

Corn closed a fraction lower this morning with the March contract trading a narrow two cent range. Corn open interest was up 12k yesterday with new buyers entering the market on hopes that a China trade resolution is in the near future. The USDA made subtle changes to the corn balance sheet yesterday. Production and yield stayed constant at 14.626 billion bushels and 178.9bpa. U.S. carryout rose to 1.781 billion bushels, up 45 million from last month.

Soybeans traded higher overnight with the January contract testing the recent high of $9.23. Strength came overnight on hopes that U.S soybeans will find their way back to China. U.S soybean production and yield remained unchanged at 4.6 billion bushels and 52.1bpa. The U.S carryout also was unchanged at 955 million bushels. Look for higher trade after President Trump said China is back in the market to buy soybeans. Trade will be watching for a sales announcement.

Spring wheat closed two cents higher this morning as the market attempts to gain back what It lost yesterday. On yesterday’s USDA report U.S wheat exports fell 25 million bushels to 1.0 billion bushels. This increased the U.S carryout to 974 million bushels. Look for slightly higher trade today.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer.  If you would like to make an offer or would like more information please give me a call at the office.  (All compass contracts have a 48 hour probation period.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SX19 (Nov) $10.15 $9.82 $9.64
CZ19 (Dec) $4.28 $4.13 $4.04
MWZ19 (Dec) $6.20 $6.14 $6.07

 

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium New Crop Target Trigger Date
0.15 6.40 MWZ19 11/20/2019
0.33 10.00 SX19 10/23/2019
0.17 4.10 CZ19 11/20/2019

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEH19 5.77 +0.02
Kansas City HRW: KWEH19 5.08 +0.03
Soybeans: SF19 9.20 +0.05
Corn: CH19 3.85 +0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.32 -0.45 basis Dec Delivered Drayton
Winter Wheat: 4.28 -0.80 basis Dec Delivered Drayton
Corn: 3.29 -0.56 basis Dec Delivered Drayton
Soybeans: 7.85 -1.35 basis Dec Delivered Drayton

 

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%

-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)

+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.  CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

CHS Drayton Morning Market Wire (12/10)

We will NOT be taking wheat or corn on MONDAY December 10th.

-Wednesday, December 12th we will not be dumping grain after 12:00pm. We will be shut down for maintenance.

CHS Drayton Annual Meeting will be held December 12th at 12:30pm at Hastings Landing, beginning with lunch and meeting to follow.  Please RSVP by calling the office.   

Market Summary

Corn trade was weaker overnight with the March contract trading a narrow two cent range. The USDA December Supply and Demand report will be released tomorrow at 11:00am. The average carryout estimate is 1.738 billion bushels, about equal to last month. Prices have traded sideways since gapping higher on December 3rd. Traders will be watching that gap as markets trades higher.

Soybeans traded lower overnight with the January contract closing two cents off the session low. Technical resistance is at last week’s high of $9.23 with support at last Monday’s gap from $8.96 to $8.97. Markets want to see something happen with China. Rumors continue to circulate that China will soon buy 5-8mmt of U.S soybeans for their state reserves. Look for mostly lower trade as the market awaits concrete news in the trade war with China.

Spring wheat traded lower overnight with the March contract at the overnight low of $5.77. Wheat exports in Friday’s report were the 2nd largest for the marketing year, with Egypt and Mexico almost tied for largest buyer. The January 12th USDA planting report is expected to show winter wheat acres the smallest in many years, but the crop should be off to a good start with ample moisture. Look for slightly lower trade on a lack of bullish news.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer.  If you would like to make an offer or would like more information please give me a call at the office.  (All compass contracts have a 48 hour probation period.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SX19 (Nov) $10.09 $9.82 $9.58
CZ19 (Dec) $4.25 $4.13 $4.02
MWZ19 (Dec) $6.19 $6.14 $6.08

 

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium New Crop Target Trigger Date
0.15 6.40 MWZ19 11/20/2019
0.30 10.00 SX19 10/23/2019
0.15 4.10 CZ19 11/20/2019

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEH19 5.77 -0.04
Kansas City HRW: KWEH19 5.08 -0.03
Soybeans: SF19 9.12 -0.04
Corn: CH19 3.84 -0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.32 -0.45 basis Dec Delivered Drayton
Winter Wheat: 4.28 -0.80 basis Dec Delivered Drayton
Corn: 3.28 -0.56 basis Dec Delivered Drayton
Soybeans: 7.77 -1.35 basis Dec Delivered Drayton

 

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%

-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)

+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.  CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

CHS Drayton Morning Market Wire (12/6)

We will NOT be taking wheat or corn on Friday December 7th.

CHS Drayton Annual Meeting will be held December 12th at 12:30pm at Hastings Landing, beginning with lunch and meeting to follow.  Please RSVP by calling the office.   

Corn traded lower overnight with the March contract closing at the overnight low of $3.82. The market traded lower on growing confusion over the U.S/China trade truce. The EU expects to import 18.5mmt of corn in the 2018/19 season, that’s up 13% from last year. Look for slightly lower trade today on follow through buying.

Soybeans were under pressure overnight with the January contract closing near overnight lows at $9.04. There is still no concrete news on the trade war, as U.S soybean exports remain nearly non-existent to China, the world’s largest soybean buyer. Brazil’s soybean exports to China in November were up 167%. Look for weaker trade today as the trade truce details remain unclear.

Spring wheat trade was weaker overnight on a lack of fresh bullish news. March Minneapolis gapped further from the fifty day moving average of $5.86. The recent low is below at $5.67, less than a dime away. December 2019 is the first contract that remains above $6.00. Look for mostly lower trade today.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer.  If you would like to make an offer or would like more information please give me a call at the office.  (All compass contracts have a 48 hour probation period.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SX19 (Nov) $10.05 $9.78 $9.49
CZ19 (Dec) $4.24 $4.11 $4.01
MWZ19 (Dec) $6.22 $6.17 $6.01

 

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium New Crop Target Trigger Date
0.15 6.40 MWZ19 11/20/2019
0.24 10.20 SX19 10/23/2019
0.20 4.00 CZ19 11/20/2019

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEH19 5.76 -0.02
Kansas City HRW: KWEH19 5.00 -0.05
Soybeans: SF19 9.04 -0.09
Corn: CH19 3.82 -0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.36 -0.40 basis Dec Delivered Drayton
Winter Wheat: 4.20 -0.80 basis Dec Delivered Drayton
Corn: 3.26 -0.56 basis Dec Delivered Drayton
Soybeans: 7.69 -1.35 basis Dec Delivered Drayton

 

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%

-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)

+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.  CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

 

CHS Drayton Morning Market Wire (12/5)

CHS Drayton Annual Meeting will be held December 12th at 12:30pm at Hastings Landing, beginning with lunch and meeting to follow. Please RSVP by calling the office.

Corn traded slightly weaker overnight without any visible progress with the U.S/China trade war. Technically, there is gap in March corn below from $3.78 to $3.80 and the fifty day moving average is at $3.79. Dec 2019 corn is currently above $4.00. Look for slightly lower trade as yesterday’s rumors of China buying large tonnage of corn have not been verified.

Soybeans closed higher this morning after trading lower the majority of the overnight session. U.S/China trade relation remain front and center without any real solid progress made. China has stated what they agreed to at the G20 Summit. They said they will “expand imports according to the needs of its domestic market and people.” Look for slightly lower trade as we get some clarity on what China actually agreed to.

Spring wheat traded lower overnight as the market continues to struggle with large supplies and mediocre demand. March Minneapolis wheat filled the gap from Sunday night and the low end of the trading range sits below at $5.68, less than a dime away. Look for slightly lower trade as world demand remains light and Russia/Black Sea region remains to receive the majority of the business.

Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price.  Below are today’s closing bids for two types of compass contracts we offer.  If you would like to make an offer or would like more information please give me a call at the office.  (All compass contracts have a 48 hour probation period.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SX19 (Nov) $10.10 $9.84 $9.56
CZ19 (Dec) $4.26 $4.11 $4.01
MWZ19 (Dec) $6.25 $6.21 $6.07

 

Below is the third compass contract we offer which pays you a premium for your old crop for potentially selling the same amount of new crop.  You only sell the new crop if the futures is equal to or greater than the target price on the trigger date.  There are many different premiums and target prices available. Please call for more info!

Old Crop Premium New Crop Target Trigger Date
0.18 6.40 MWZ19 11/20/2019
0.24 10.20 SX19 10/23/2019
0.16 4.10 CZ19 11/20/2019

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEH19 5.77 -0.02
Kansas City HRW: KWEH19 5.00 -0.05
Soybeans: SF19 9.14 +0.02
Corn: CH19 3.83 -0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.37 -0.40 basis Dec Delivered Drayton
Winter Wheat: 4.20 -0.80 basis Dec Delivered Drayton
Corn: 3.27 -0.56 basis Dec Delivered Drayton
Soybeans: 7.79 -1.35 basis Dec Delivered Drayton

 

Spring Wheat Protein Scales

-.02 cents ea. 1/5 down from 14.0% to 13.0%

-.02 cents ea. 1/5 down from 13.0% to 12.0% (Max -0.20)

+.02 cents ea. 1/5 from 14.0% to 15.0%

Any information, materials and opinions (together, “CHS Materials”) presented by CHS to the recipient of such CHS Materials, whether in written or oral form, is for general information purposes only and does not constitute legal or other professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.  CHS makes no warranties, representations or undertakings, whether express or implied, about any CHS Materials (including, without limitation, any as to the quality, accuracy, completeness or fitness for any particular purpose of any CHS Materials). Recipient agrees that CHS shall not be liable to recipient relating to or resulting from the use of any CHS Materials or any inaccuracies or errors therein or omissions therefrom.

© 2019 CHS Inc.