Thursday, April 27th CHS Drayton and all locations will be closed for Employee Safety Training.
Corn traded slightly higher today on spillover strength from the soybean market. Today’s planting report had corn at 17% planted just behind the five year average of 18%. Analysts were looking for 15% planted.
Soybeans traded higher today on a favorable export report and a weaker U.S dollar. Weekly soybean export inspections were .635mmt, ahead of the estimated range of .400-.600mmt.
Wheat closed five cents lower today just above the day’s low of $5.20. Spring wheat planting was reported at 22% complete, behind the five year average of 34%.
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|
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|
|Futures markets as of 1:30 PM|
|Kansas City HRW:||KWEH17||4.01||-0.02|
|CHS Drayton Cash Bids|
Spring Wheat Protein Scales
-.06 cents ea. 1/5 down from 14.0% to 13.0%
-.06 cents ea. 1/5 down from 13.0% to 12.0%
+.04 cents ea. 1/5 from 14.0% to 15.0%
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