Morning Market Wire

Drayton and all locations will be open from 7:00am to 6:00pm Monday-Thursday and closed on Fridays July 11th -July 29th.  To allow our staff time off before harvest. The office will remain open.

We have the following the Twins tickets available to our customers, please call for details.

Aug ticket availability:

  • Monday, August 10 – 10 Dugout (groups of 7 and 3)
  • Friday, August 5 – 10 Dugout (groups of 7 and 3)
  • 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 traded higher overnight with the September contract trading a fifteen cent range.  Forecasts show temperatures in the Western Corn Belt topping 100 degrees next weekend, with South Dakota/Nebraska border seeing 110-113 degrees.  Look for stronger trade today as hot and dry weather continues. 

Soybeans saw double digit gains overnight with the November contract gapping higher off the open.  Brazil has early estimates of a massive crop once again this upcoming year as they expand acres and yields continue to increase.  Look for mostly higher trade today as forecasts look to be hot and dry for much of the Midwest.            

Spring wheat traded higher overnight with the September contract trading a wide 28 cent range.  The U.S dollar trades to its highest level in 19 years and may keep major rebounds capped in the wheat market.  Look for mostly higher trade today on weather 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
SX22 Oct22$14.10$13.95$13.75
CZ22 Oct22$6.55$6.40$6.14
MWZ22 Dec22$10.05$9.85$9.36
Old Crop PremiumNew Crop TargetTrigger Date
0.2810.60 MWZ2211/23/22
0.2315.00 SX2210/21/22
0.207.00 CZ2211/25/22

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