Morning Market Wire

Monday Aug 15, 2022                                               By: Eric Peterson

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

Aug ticket availability:

  • 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 opened lower and continued lower through the overnight session.  September corn gapped four cents lower and closed 19 cents lower this morning.  The market traded lower on favorable weather, heightened Chinese tensions along with economic concerns.  Look for volatile trade to continue as the crop matures. 

Soybeans opened double digits lower last night and closed the session 48 cents lower.  August weather is important for soybeans and it appears some areas are forecasted to get rains this week.  Look for the sharply lower trade to continue today as weather forecasts look mostly favorable for crop development. 

Spring wheat traded lower overnight following the weakness in the corn and soybeans markets.  The U.S remains in harvest and harvest will increase over the next few weeks.  Overall, most wheat contracts consolidate at the lower end of the extended trading ranges.  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 BonusDaily Price PlusFutures at 8:00am
SX22 Oct22$14.4514.25$14.05
CZ22 Oct22$6.45$6.35$6.22
MWZ22 Dec22$9.40$9.25$9.12
Old Crop PremiumNew Crop TargetTrigger Date
0.3510.20 MWZ2211/23/22
0.2715.80 SX2210/21/22
0.226.60 CZ2211/25/22

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