Thursday July 8, 2022 By: Eric Peterson
Drayton will be closed for receiving grain July 11th-July 15th as we transition our system to the new elevator. The office and locations will remain open.
We have the following the Twins tickets available to our customers, please call for details.
July ticket availability:
- Tuesday, July 12 vs. Brewers (2 Dugout)
- Wednesday, July 13 vs. Brewers (4 Champions)
- Thursday, July 14 vs. White Sox (10 Dugout)
Corn is trading higher this morning with the September contract closing just off the overnight high of $6.20. A strong close into the weekend would be a positive technical factor as trade is uneasy about the forecast as the crop moves towards the critical pollination stage.
Soybeans are higher this morning on follow through buying with November at the midpoint of the 29 cent overnight range. Weekly export sales showed a reduction of 160,000mt, marketing year low. Look for mostly sideways trade as world supplies are tight and biofuels are in demand.
Spring wheat saw double digit gains overnight on what appears to be a technical correction. Wheat gained strength overnight on rumors of Chinese interest in export business off the PNW. Look for the volatile trade to continue as the supply is tight and the war in Ukraine continues.
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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