CHS Drayton: Morning Market Wire (05/21)

Corn bounced higher overnight, following the strength from the soybean market.  The July contract gapped higher overnight and nearly hit it’s 9 month high of $4.08.  The December contract has hit its’ highest price since last July and within a nickel of the contract high.  U.S corn planting should come in around 75-80% complete.  The overall crop looks good with a few scattered dry areas showing up.  Look for mostly higher trade today.

Soybeans gapped higher overnight but has lost some steam this morning, closing five cents off the session high of $10.22.  Support came on confirmation of a U.S/Chinese understanding.  The trade war was put on hold as the U.S agreed to drop tariff threats and China agreed to buy more U.S products.  Soybean plantings are expected to be over 50% complete on today’s progress report.  Look for higher trade today on meal strength and hopes of a positive deal with China.

Spring wheat closed penny higher this morning, with the July contract closing three cents off the session high of $6.33.  The market traded higher on spillover strength in the row crops and the understanding with China.  Spring wheat planting progress is expected to be near 80-85% complete.  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 1:30pm
SX18 (Nov.) $10.62 $10.52 $10.26
CZ18 (Dec.) $4.57 $4.50 $4.23
MWZ18 (Dec.) $6.76 $6.60 $6.42

 

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
0.19 6.45 MWZ18 11/21/2018
0.27 10.65 SX18 10/24/2018
0.16 4.35 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.30 +0.01
Kansas City HRW: KWEN18 5.41 +0.02
Soybeans: SN18 10.17 +0.18
Corn: CN18 4.06 +0.03

 

CHS Drayton Cash Prices
Spring Wheat: 6.10 -0.20 basis May Delivered Drayton
Winter Wheat: 4.61 -0.80 basis May Delivered Drayton
Corn: 3.56 -0.50 basis May Delivered Drayton
Soybeans: 9.14 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/18)

Corn traded higher overnight with the July contract trading a six cent range.  The corn market rose on rumors of a possible agreement on trade tariffs between the U.S and China.  Planting progress is expected to be over 80% complete by Monday in line with the five year average of 81%.  Look for mostly higher trade today on China trade talks and dryness in Brazil and China.

Soybeans traded higher overnight but lower into the close, to close eight cents off the session high.  The soybean complex found support on rumors of a US/Chinese deal being made and additional crop losses expected in Argentina. Soybean plantings are expected to be over 50% complete on Monday’s progress report.  Look for higher trade today on strength in the meal market and hopes of a positive outcome with China.

Spring wheat closed seven cents higher this morning just below the overnight high of $6.23.  The market found support on spillover strength from corn and soybeans and less than expected rainfall in the driest areas of the Southern and Northern Plains. However, more rains are expected for Montana, South Dakota, and North Dakota.  Look for mostly 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 1:30pm
SX18 (Nov.) $10.54 $10.36 $10.08
CZ18 (Dec.) $4.54 $4.41 $4.17
MWZ18 (Dec.) $6.67 $6.53 $6.36

 

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
0.20 6.35 MWZ18 11/21/2018
0.26 10.50 SX18 10/24/2018
0.17 4.25 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.22 +0.07
Kansas City HRW: KWEN18 5.25 +0.06
Soybeans: SN18 9.99 +0.04
Corn: CN18 3.99 +0.01

 

CHS Drayton Cash Prices
Spring Wheat: 6.02 -0.20 basis May Delivered Drayton
Winter Wheat: 4.45 -0.80 basis May Delivered Drayton
Corn: 3.49 -0.50 basis May Delivered Drayton
Soybeans: 8.96 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/16)

Corn traded higher overnight as the July contract has moved above the $4.00 mark after finding support at the 50 day moving average a couple of days ago.  Fundamentals remain overall supportive with carryout projected to make its largest one year drop since 2009/10.  Overall demand for U.S corn is strong as PNW export facilities are on pace for a record export year. Look for mostly higher trade today on strength from the wheat market.

Soybeans traded lower overnight with the July contract trading a seven cent range.  Pressure came overnight on commercial selling, and rapid planting progress.  U.S/China relations are pretty much business as usual without any new formal or informal agreements.  Look for lower trade today on outside markets and higher

Spring wheat closed six cents higher this morning with the July contract closing just below the overnight high of $6.11. Some areas are receiving rains but overall we remain dry from Canada to Texas.  There are chances for rains across ND and Canada this weekend.  Look for higher trade on dryness in the Northern Plains.

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 1:30pm
SX18 (Nov.) $10.54 $10.43 $10.19
CZ18 (Dec.) $4.54 $4.45 $4.21
MWZ18 (Dec.) $6.62 $6.47 $6.29

 

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
0.20 6.30 MWZ18 11/21/2018
0.27 10.55 SX18 10/24/2018
0.17 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.10 +0.04
Kansas City HRW: KWEN18 5.13 +0.03
Soybeans: SN18 10.12 -0.06
Corn: CN18 4.04 +0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.93 -0.17 basis May Delivered Drayton
Winter Wheat: 4.33 -0.80 basis May Delivered Drayton
Corn: 3.54 -0.50 basis May Delivered Drayton
Soybeans: 9.09 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/14)

Corn traded lower overnight with the July contract closing just above the overnight low of $3.95.  The next technical support level is at the 50 day moving average of $3.94.  The market was lower on weakness in the wheat market and rapid planting progress.  Corn plantings were reported at 39% last week, progress is expected to be near 60-70% complete on today’s report.  Look for slightly lower trade on weakness in the wheat market.

Soybeans were two sided overnight with the July contract trading an eight-cent range.  Soybean planting is rapidly following corn planting as experts are estimating planting at 26-28% complete, compared to 15% last week. The five year average for this time of year is 26%.  There seems to be nothing new on the U.S/China trade relations, as they remain absent from U.S buying and have slowed overall purchases.  Look for higher trade on short covering and higher soymeal trade.

Spring wheat traded lower overnight on beneficial rains and rapid planting progress made over the weekend.  Montana and South Dakota received beneficial rains over the weekend, but northeastern Montana and western North Dakota remain dry.  Spring wheat planting should come in near 55% complete on today’s progress report compared to last week’s 30% complete.  Look for lower trade on rain over the weekend and poor export demand.

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 1:30pm
SX18 (Nov.) $10.52 $10.42 $10.16
CZ18 (Dec.) $4.36 $4.25 $4.13
MWZ18 (Dec.) $6.50 $6.34 $6.22

 

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
0.17 6.20 MWZ18 11/21/2018
0.26 10.55 SX18 10/24/2018
0.15 4.25 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.04 -0.01
Kansas City HRW: KWEN18 5.14 -0.04
Soybeans: SN18 10.07 +0.04
Corn: CN18 3.95 -0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.87 -0.17 basis May Delivered Drayton
Winter Wheat: 4.34 -0.80 basis May Delivered Drayton
Corn: 3.45 -0.50 basis May Delivered Drayton
Soybeans: 9.04 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/10)

Corn closed a fraction higher this after quiet low volume trade ahead of today’s USDA report.  The May crop production report will be released this morning at 11:00am.  This will also include their first look at new crop balance sheets.  The average carryout estimate for today’s report is 2.17bb.  Look for quiet trade this morning as the report will set the tone.

Soybeans traded higher overnight as the market awaits todays USDA report.  The average trade estimate for 17/18 U.S carryout is 541mb and 18/19 carryout of 535mb.  China’s soybean acres are expected to climb by 8.8% year over year as they remain the world’s largest soybean buyer.  Recent buying has slowed from both Brazil and the U.S.  Chinese representatives will visit the U.S next week to continue trade negotiations.

Spring wheat traded two sided overnight with the July contract trading a five cent range overnight.  Technically, $6.00 remains the next support areas for July spring wheat.  Seeding remains heavy, with minor disruptions caused by some rain.  Dry conditions exist from Canada to Texas as rain will be needed to avoid production losses.  Look for quiet trade ahead of the report as new crop production estimates will attract the most attention.

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 1:30pm
SX18 (Nov.) $10.64 $10.53 $10.27
CZ18 (Dec.) $4.52 $4.44 $4.19
MWZ18 (Dec.) $6.60 $6.48 $6.29

 

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
0.19 6.30 MWZ18 11/21/2018
0.28 10.70 SX18 10/24/2018
0.18 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.09 -0.01
Kansas City HRW: KWEN18 5.31 0.00
Soybeans: SN18 10.19 +0.03
Corn: CN18 4.02 0.00

 

CHS Drayton Cash Prices
Spring Wheat: 5.92 -0.17 basis May Delivered Drayton
Winter Wheat: 4.51 -0.80 basis May Delivered Drayton
Corn: 3.52 -0.50 basis May Delivered Drayton
Soybeans: 9.16 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/08)

All locations will be closed Wednesday May 9th for our Progressive Ag Safety Day!

Corn traded two sided overnight in low volume, uneventful trade.  Technical support for July corn remains at $4.00.  Corn planting progress was reported yesterday at 39% complete compared to a five year average of 44%. Progress can be made very quickly as Illinois planted 44% of their crop last week.  Look for choppy two sided trade today as the July contract struggles to stay above $4.00.

Soybeans rebounded overnight closing this morning six cents higher.  The market remains a back and forth affair, one day nervous about China/U.S relations, and the next day not so much.  Yesterday, soybeans were reported at 15% planted ahead of the five year pace of 13%.  Scattered rains are moving through the upper Midwest this morning with more expected, which will likely slow planting.  Look for higher trade today after a strong overnight session.

Spring wheat traded two sided overnight as the market attempts to stabilize after falling prices.  Spring wheat planting is estimated at 30% complete behind the average for this time of 51%.  The winter wheat crop was rated at 34% good/excellent, up 1 from last week. Look for slightly higher trade today as the Southern Plains and Upper Midwest remain on the dry side.

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 1:30pm
SX18 (Nov.) $10.65 $10.52 $10.23
CZ18 (Dec.) $4.52 $4.43 $4.18
MWZ18 (Dec.) $6.60 $6.47 $6.30

 

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
0.19 6.30 MWZ18 11/21/2018
0.29 10.65 SX18 10/24/2018
0.17 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.12 +0.01
Kansas City HRW: KWEN18 5.39 0.00
Soybeans: SN18 10.17 +0.06
Corn: CN18 4.02 +0.01

 

CHS Drayton Cash Prices
Spring Wheat: 5.95 -0.17 basis May Delivered Drayton
Winter Wheat: 4.59 -0.80 basis May Delivered Drayton
Corn: 3.52 -0.50 basis May Delivered Drayton
Soybeans: 9.14 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/07)

All locations will be closed Wednesday May 9th for our Progressive Ag Safety Day!

Corn traded lower the entire overnight session, with the July contract closing at the overnight low of $4.03.  Corn planting was very active last week and into the weekend.  Estimates on today’s progress report is planting at 35-37% complete.  44% is the five year average.

Soybeans were under pressure the entire night with the July contract trading a thirteen cent range.  The U.S and China could not come to an agreement last week, but rather agree to continue to talk.  This has had a negative impact on the market as many are uncertain if China will fulfill existing orders.  Look for mostly lower trade today as soybeans have broken short term support on a lack of supportive news.

Spring wheat traded lower overnight closing just above the overnight low of $6.14.  Technical support for the July contract is at $6.13 with resistance at $6.32.  Pressure came overnight as spring wheat planting picked up progress overnight.  Spring wheat planting is expected to be at 36% complete on today’s report, about a week behind the normal pace.

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 1:30pm
SX18 (Nov.) $10.74 $10.63 $10.32
CZ18 (Dec.) $4.53 $4.44 $4.18
MWZ18 (Dec.) $6.65 $6.50 $6.33

 

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 6.35 MWZ18 11/21/2018
0.27 10.70 SX18 10/24/2018
0.17 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.15 -0.07
Kansas City HRW: KWEN18 5.46 -0.09
Soybeans: SN18 10.30 -0.06
Corn: CN18 4.03 -0.03

 

CHS Drayton Cash Prices
Spring Wheat: 6.00 -0.15 basis May Delivered Drayton
Winter Wheat: 4.66 -0.80 basis May Delivered Drayton
Corn: 3.53 -0.50 basis May Delivered Drayton
Soybeans: 9.27 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (05/02)

Corn closed a fraction lower this morning after quiet, noneventful trade overnight.  The July contract traded a narrow one cent range overnight.  July corn is currently very close to the next technical resistance point of $4.06, support lies between $4.01 and $4.03.  Look for slightly higher trade today as weather continues to drive this market.

Soybeans traded two sided overnight with the July contract closing down five cents.  Pressure came overnight after a lower than expected crush report.  USDA soybean crush was reported at 182.2 million bushels vs. average trade esimates of 183.2 million.  Although the market was lower overnight look for soybeans to follow the soymeal market today.

Spring wheat traded lower overnight, trading a three cent range.  The Wheat Quality Council Tour went across the northern tier of Kansas yesterday.  The tour came up with an estimated yield of 38.2 bushels per acre compared to the day one average of 43.0 bushels per acre last year.  The overall issue from day one was the dry wheat seen much of the day.  Look for slightly higher trade today as the market remains focused on the wheat tour.

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 1:30pm
SX18 (Nov.) $10.86 $10.76 $10.44
CZ18 (Dec.) $4.52 $4.45 $4.20
MWZ18 (Dec.) $6.70 $6.57 $6.39

 

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
0.13 6.60 MWZ18 11/21/2018
0.31 10.85 SX18 10/24/2018
0.18 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.21 -0.02
Kansas City HRW: KWEN18 5.52 0.00
Soybeans: SN18 10.47 -0.05
Corn: CN18 4.05 0.00

 

CHS Drayton Cash Prices
Spring Wheat: 6.06 -0.15 basis May Delivered Drayton
Winter Wheat: 4.72 -0.80 basis May Delivered Drayton
Corn: 3.55 -0.50 basis May Delivered Drayton
Soybeans: 9.44 -1.03 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (04/30)

Corn traded higher overnight on position squaring and fund buying.  We are now bidding off the July contract which closed above $4.00 this morning.  Today’s crop progress report is expected to show corn planting at 17-20% complete compared to the five year average of 27%.  Look for higher trade this morning on strength from the wheat and soybean markets.

Soybeans traded higher overnight on continued strength from late last week.  Support came overnight on strength from the soymeal market and a weak Argentina soybean crop.  StatsCan estimated fewer acre of soybeans and canola, which provided additional support to the soybean market.  Look for mostly higher trade today due to the shortfall in the Argentina crop.

Spring wheat closed seven cents higher this morning at the overnight high of $6.15.  It remains dry in the central KC winter wheat regions as the crop tour kicks off today.  Today’s crop progress report is expected to show winter wheat conditions unchanged to 1% higher.  Spring wheat planting should come in around 13-15% complete.  StatsCan reported spring wheat acres will be up to 18.241 million acres compared to 15.801 million acres last year.  Look for higher trade today on slow planting progress, but limited gains from a bearish StatsCan report.

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 1:30pm
SX18 (Nov.) $10.96 $10.81 $10.52
CZ18 (Dec.) $4.49 $4.40 $4.16
MWZ18 (Dec.) $6.62 $6.51 $6.31

 

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
0.21 6.30 MWZ18 11/21/2018
0.30 10.95 SX18 10/24/2018
0.13 4.35 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 6.15 +0.07
Kansas City HRW: KWEN18 5.16 +0.04
Soybeans: SN18 10.61 +0.05
Corn: CN18 4.01 +0.03

 

CHS Drayton Cash Prices
Spring Wheat: 6.00 -0.15 basis May Delivered Drayton
Winter Wheat: 4.36 -0.80 basis May Delivered Drayton
Corn: 3.51 -0.50 basis May Delivered Drayton
Soybeans: 9.61 -1.00 basis May Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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 (04/26)

Corn closed a fraction lower this morning after trading a narrow two cent range overnight.  Technically, the July contract has support at the 50 day moving average of $3.90 with resistance at the recent high of $4.00.  Planting progress is scattered across the entire country with next week’s progress expected at 12-15%.  Look for mostly steady to weaker trade today.

Soybeans closed three cents higher this morning, three cents off the overnight high of $10.34.  Support came overnight on strength in soymeal market and a lack of Argentina exports and good U.S exports.  Argentina exports experienced disruption with a vessel running into a loadout pier in Rosario.  Look for mostly higher trade today.

Spring wheat traded higher overnight, with the July contract trading a five cent range.  Technical resistance is at $6.12 with support at $5.90.  Weather forecast look mostly clear in the winter wheat areas the rest of the week with more rain forecasted next week.  Dryness persists in western North Dakota and Eastern Montana with plenty of time to improve.  Stats Canada will release planting intentions tomorrow, last year’s acres of 22.4 million is expected to increase.

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 1:30pm
SX18 (Nov.) $10.74 $10.66 $10.36
CZ18 (Dec.) $4.40 $4.34 $4.11
MWZ18 (Dec.) $6.61 $6.48 $6.29

 

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
0.21 6.30 MWZ18 11/21/2018
0.30 10.75 SX18 10/24/2018
0.13 4.30 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEK18 6.01 +0.01
Kansas City HRW: KWEK18 5.03 -0.03
Soybeans: SK18 10.31 +0.03
Corn: CK18 3.86 0.00

 

CHS Drayton Cash Prices
Spring Wheat: 5.86 -0.15 basis Apr Delivered Drayton
Winter Wheat: 4.23 -0.80 basis Apr Delivered Drayton
Corn: 3.36 -0.50 basis Apr Delivered Drayton
Soybeans: 9.31 -1.00 basis Apr Delivered Drayton

 

Spring Wheat Protein Scales

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

-.10 cents ea. 1/5 down from 13.0% to 11.0% (Max -1.30)

+.10 cents ea. 1/5 from 14.0% to 15.0%

+.10 cent bump at 15.0%  pro

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.

 

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