Morning Market Wire

Monday October 14, 2019 by: Eric Peterson

Corn traded two sided overnight with the December contract trading a wide nine cent range. Corn hit a high of $4.02 overnight a level seen since August 12th. The large amount of snowfall in North and South Dakota has caused the corn a considerable amount of time needed in order to dry out. The true impact of this freeze and snow will not be known until the harvesters start rolling again. Look for mostly lower trade today.

Soybeans were mixed overnight with the November contract trading a fifteen-cent range. The November contact reached $9.45 overnight, the highest it has ben since June 18th. Support came when U.S and China trade talks improved with a phase 1 deal reportedly being reached. However, China wants more talks to take place before anything is signed causing futures to pull back off its highs from early in the overnight session. Look for weaker trade today on U.S/China trade agreement uncertainty.

Soybeans were mixed overnight with the November contract trading a fifteen-cent range. The November contact reached $9.45 overnight, the highest it has ben since June 18th. Support came when U.S and China trade talks improved with a phase 1 deal reportedly being reached. However, China wants more talks to take place before anything is signed causing futures to pull back off its highs from early in the overnight session. Look for weaker trade today on U.S/China trade agreement uncertainty.

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
SX20 Oct20$10.29$10.00$9.66
CZ20 Oct20$4.28$4.19$4.08
MZ20 Dec20$6.29$6.15$5.94

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 are 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 Target Trigger Date
0.30$6.20 MWZ2011/20/2020
0.32$10.20 SX2010/23/2020
0.18$4.10 CZ2011/23/2020

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.

Morning Market Wire

Thursday October 10, 2019 by: Eric Peterson

Corn traded a narrow two cent range overnight ahead of today’s USDA October WASDE report. The average trade estimate for the U.S corn yield is 167.5bpa, harvested acres is estimated at 81.649 million acres, crop production is estimated at 13.684 billion bushels, the U.S 2019-2020 carryout is estimated at 1.784 billion bushels. Look for mostly steady trade as the market awaits the report.

Soybeans traded two sided overnight as the market looks for information regarding the progress of U.S and China talks. Conflicting reports have been emerging, creating some confusion to the market about if any progress has been made. The average trade estimate for yield is 47.3 bpa, harvested acres is estimated at 75.705 million acres, and crop production at 3.583 billion bushels. Look for mostly steady to higher trade ahead of today’s report.

Spring wheat traded higher overnight with the December contract closing just below the session high of $5.47. We still have some wheat standing in North Dakota and Montana, but the first 75% of harvest was very large, so losing some production could be good for the overall balance sheet. The average trade estimate for the 2019/2020 carryout is 1.015 billion bushels. Look for higher trade on poor weather and short covering.

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
SX20 Oct20$10.30$10.00$9.71
CZ20 Oct20$4.32$4.22$4.08
MZ20 Dec20$6.30$6.15$5.93

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 are 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
0.306.20 MWZ2011/20/2020
0.3010.20 SX2010/23/2020
0.184.10 CZ2011/23/2020

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.

Morning Market Wire

Wednesday October 9, 2019 by: Eric Peterson

Corn traded a narrow range overnight, pausing briefly after making strong gains yesterday. December corn is creeping closer to its 200 day moving average of $4.01. Large spec funds and managed money funds are still carrying a large net short position, which makes the market susceptible to short covering. Look for slightly higher trade today on weather concerns.

Soybeans traded higher overnight on headlines about China and trade talks as well as weather ahead of tomorrow’s USDA report. There are rumors that China is supposedly talking about upping its U.S soybean purchases from 20mmt to 30mmt to aid in trade talks. 30mmt gets them closer to what could be considered normal pre the trade war. Look for continued strength today on trade talk optimism.

Spring wheat found strength overnight on quality concerns. North Dakota still has wheat standing in the field that may never get harvested; which could be friendly for the balance sheet long term. Look for mostly quiet trade today as there is still a general lack of fresh news to add strength to the market ahead of Thursday’s WASDE 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 BonusDaily Price PlusFutures at 8:00am
SX20 Oct20$10.31$10.00$9.73
CZ20 Oct20$4.32$4.22$4.09
MZ20 Dec20$6.34$6.15$5.90

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 are 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
.306.20 MWZ2010/20/20
.3010.20 SX2010/23/20
.184.10 CZ2011/23/20

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.

Morning Market Wire

Friday October 4, 2019 by: Eric Peterson

Corn traded quietly lower in the night session, down two cents. Technically, support for corn lies at $3.85 with resistance at $3.91 and $3.93. For the week, December 2019 corn rallied 15 cents. This week marks the biggest gain in four months. Funds are estimated to be short 132,900 contracts. Look for slightly lower trade today on technical selling.

Soybeans traded higher overnight closing at the session high of $9.14. For the week, November 2019 soybeans have rallied 0.27 cents. China continues to buy soybeans form the U.S, buying 252tmt yesterday for 2019/2020 marketing year. Look for lower trade today on profit taking after the recent rally.

Spring wheat found strength overnight closing at the overnight high of $5.32. Support continues to stem from quality concerns, although that is beginning to come old news. For the week, Minneapolis spring wheat is down 15 cents, while KC wheat is only down 2 cents. Look for slightly higher trade today on continued quality concerns.

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
SX20 Oct20$10.20$9.95$9.62
CZ20 Oct20$4.27$4.10$4.05
MZ20 Dec20$6.18$5.90$5.79

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 are 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
0.246.20 MWZ2011/20/20
0.2810.10 SX2010/23/20
0.184.10 CZ2011/23/20

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.

Morning Market Wire

Thursday October 3, 2019 by: Eric Peterson

Corn traded quietly lower in the overnight session down a fraction of cent. Technical resistance remains at $3.93 while support is at $3.85. A lack of fresh news has traders technical selling. Export sales for corn were 562.6 tmt, on the low end of the range of estimates which was 400-800tmt. Look for mostly lower trade on technical selling.

Soybeans traded lower overnight, even though China bought soybeans from the U.S again, 464 tmt out of the Gulf of Mexico. Export sales for soybeans were 2.08mmt. That’s above the range which was 800tmt-1.5mmt. Support for November soybeans lies at $8.82 with resistance at $9.32. Look for slightly lower trade on profit taking.

Spring wheat traded lower overnight on technical selling. In the past week December 2019 spring wheat has lost 34 cents from its recent high. Export sales for wheat were 328.5tmt. That’s in the range of 200-600tmt. Look for slightly lower trade today on technical selling.

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
SX20Oct 2020$10.17$9.85$9.60
CZ20 Oct2020$4.21$4.10$4.04
MZ20 DEC20$6.10$5.90$5.76

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 are 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
0.196.20 MWZ2011/20/2020
0.3110.00 SX2010/23/2020
0.204.10 CZ2011/23/2020

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.

Morning Market Wire

Wednesday October 2, 2019 by: Eric Peterson

Corn closed two cents lower this morning after trading higher the last couple of days. Corn prices have continued their move higher on crop concerns. Crop development should continue slowly with the fall season among us and a lack of measurable heat units. Look for slightly higher trade today as the overall fundamental scenario should be well supported as the USDA shows signs of tightening stocks.

Soybeans traded slightly lower overnight on profit taking after a strong day yesterday. The November contract sits above the 200 day moving average of $9.11 and above the 50. 100, and 200 day moving averages. The USDA reports 178.0 million bushels of soybeans crushed during the month of August. This compares to the average trade estimate at 179.0 million bushels. Look for slightly lower trade today on profit taking.

Spring wheat closed a fraction higher this morning. It seems the wheat market is running out of fresh wheat news as the struggles in spring wheat territory are well known, but now old news. Heavy moisture continues to disrupt Montana, North Dakota, and Canada as the risk of the remaining crop increases. 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 BonusDaily Price PlusFutures at 8:00am
SX20 Oct20$10.17$9.90$9.58
CZ20 Oct20$4.30$4.10$4.07
MZ20 Dec20$6.21$6.10$5.86

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 are 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
0.236.20 MWZ2011/20/2020
0.3110.00 SX2010/23/2020
0.204.10 CZ2011/23/2020

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.

Morning Market Wire

Wednesday September 25, 2019 by: Eric Peterson

Corn closed nearly unchanged this morning. The market picked up some strength on news from a 200k ton sale to Mexico announced yesterday. U.S export corn values are said to be $5-$10 per ton higher than competition from Brazil, Argentina, or Ukraine. Look for choppy two sided trade on a lack of bullish news.

Soybeans traded lower overnight giving back some of the gains made yesterday. China buying interest for U.S soybeans remained on the table yesterday, as several more cargoes were said to have traded. China will continue to exclude some U.S ag products from additional tariffs. Look for slightly lower trade today as traders wait for daily sales announcement from the USDA to verify China export business.

Spring wheat continues to rally with Minneapolis wheat three cents higher this morning. The market continues to find support on poor quality concerns. Rains were again seen in parts of the northern plains and into Canada adding to the concerns. The December contract traded up through its 100 day moving average of $5.41 on more technical buying. 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 BonusDaily Price PlusFutures at 8:00am
SX20 Oct20$9.96$9.70$9.40
CZ20 Oct20$4.25$4.10$4.04
MZ20 Dec20$6.21$6.15$5.95

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 are 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
.165.95 MWZ2011/20//2020
.2510.00 SX2011/20/2020
.194.10 CZ2011/23/2020

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.

Morning Market Wire

Friday September 20, 2019 by: Eric Peterson

Corn traded weaker overnight as overall U.S weather is mostly favorable and we head into both grain and silage harvest. Corn traded slightly higher yesterday closing at the high end of the trading range. Strength came from a better than expected export sales report. Export sales were excellent at 1,464,600mt, the biggest weekly sales since the end of February. Look for slightly weaker trade this morning on a lack of fresh news.

Soybeans closed three cents lower this morning giving back some of the gains from yesterday. November Soybeans are just above the 100 day moving average of $8.86. This level will The market found strength yesterday on good export sales and optimism regarding U.S/China relations. Look for weaker trade today as it seems China has taken a break from new U.S sales.

Spring wheat continued to rally overnight closing the session three cents higher. Support comes from crop concerns in Argentina and Australia. U.S harvest results for spring wheat continue to show extremely poor quality. Falling numbers are very low and will have to be delivered into the feed channel. Look for higher trade today as Minneapolis wheat continues to be the price leader.

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
SH20(Mar)$9.35$9.32$9.18
CH20(Mar)$3.90$3.85$3.78
MWH20(Mar$5.32$5.25$5.21

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 are 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
.185.80 MWZ2011/20/2020
.2510.00 SX2010/23/2020
.204.10 CZ2011/23/2020

Spring Wheat Protein Scales

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

-.03 cents ea. 1/5 down from 13.0% to 12.0% (Max -.30)

+.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 Soybean DP Program

DP Service Charge @ 7 cents/bushel per month with a 21 cents minimum charge.

DP Storage will require the full delivery of the assigned bushel amounts. Any excessive overrun bushels of the contract will be CASH unless you have a contract in place.

ALL DP CONTRACTS MUST BE SIGNED IN ADVANCE OF DUMPING

DP storage may be cutoff at any time, but we will honor committed bushels on contract. Thus meaning, if our DP Storage space is at capacity the DP Storage program will be put to an end.

All grain coming in not on a contract will be CASH

CASH will be priced @ 9:00 a.m. on the following days open market.

-ALL OTHER COMMODITIES ARE CASH ONLY-

Talk with you local station Manager on the options for harvest and that you are fully aware of the programs. Thank you, CHS

Morning Market Wire

Tuesday September 17, 2019 by: Eric Peterson

Corn traded lower overnight after a favorable progress report yesterday afternoon. The latest crop ratings report has corn at 55% good/excellent. Corn harvest is now underway at 4% complete, behind the five year average of 7%. Look for mostly lower trade today as conditions may not be as bad as many think.

Soybeans closed six cents lower this morning two cents off the overnight low of $8.91. The latest crop rating report has soybeans at 54% good/excellent which down 1% from last week. Last year at this time the crop rating was at 68%. Look from mostly lower trade today on a lack of demand and improving conditions.

Spring wheat traded lower overnight following the weakness in the corn and soybean markets. Northern spring wheat areas continue to struggle as quality has become a major issue. The USDA has spring wheat harvest at 76% complete behind the five year average of 93%. The USDA also reported winter wheat seeding at 8% complete. Look for slightly lower trade today on spillover weakness from corn and soybeans.

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
SH20 (Mar)$9.35$9.32$9.22
CH20 (Mar)$3.90$3.85$3.82
MWH20(Mar$5.36$5.25$5.20

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 are 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
0.15$5.20 MWH202/21/2020
0.31$9.90 SX2010/23/2020
0.21$4.10 CZ2011/23/2020

Spring Wheat Protein Scales

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

-.03 cents ea. 1/5 down from 13.0% to 12.0% (Max -.30)

+.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.