Tuesday Aug 9, 2022 By: Eric Peterson
We have the following the Twins tickets available to our customers, please call for details.
Aug ticket availability:
- Tuesday, August 16 – 8 Dugout (groups of 5 and 3)
- Monday, August 22 – 8 Champion
- Friday, August 26 – 10 Dugout (groups of 7 and 3)
- Sunday, August 28 – 10 Dugout (groups of 7 and 3)
- Monday, August 29 – 10 Dugout (groups of 7 and 3)
- Wednesday, August 31 – 10 Dugout (groups of 7 and 3)
Corn gapped higher overnight on support from a lower than expected ratings and concerns about U.S corn yield. The USDA dropped crop conditions to 58% good/excellent this compares to 61% last week. The original 177bpa prediction is at risk. The DTN digital yield tour suggests a projected yield of 167.2bpa, if this is realized prices are likely too low. Look for mostly higher trade today on a lower condition report.
Soybeans traded higher overnight as concerns about the U.S yield grow as crop conditions decline. The crucial August weather as been far from ideal. USDA crop ratings were at 59% good/excellent down 1% from last week. The USDA announced yesterday morning a soybean sale of 132tmt to China for 2022/23. Look for mostly higher trade as a drop in condition is likely to bring in speculative buyers.
Spring wheat closed 17 cents higher this morning after a lower than expected conditions report yesterday afternoon. The spring wheat crop rating dropped 6 points to 64% good/excellent. Harvest is 9% complete compared to the 19% average for this date. Harvest in North Dakota has generally not started yet. Look for mostly higher trade on optimism that global demand may be picking up and reduced crop conditions.
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|
|Old Crop Premium||New Crop Target||Trigger Date|
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