Morning Market Wire

Wednesday Aug 17, 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 was two sided overnight in light volume, rangebound trade.  The December contract gets closer to the $6.00 mark.  U.S weather looks mostly favorable with some rain in the southern plains and near the Canadian border.  Corn is expected to remain volatile on the ever changing weather forecasts.   

Soybeans closed double digits higher this morning with the November contract closing a nickel off the overnight high of $14.00.  The market found strength on good crush values.  December soybean oil prices remain near their prices in over a month.  Look for mostly higher trade today on strength from the soybean meal and oil markets. 

Spring wheat traded higher overnight on a correction after yesterday’s selloff.  Ukraine is expected to have five ships arrive at its Chornomosk Blac Sea port today for loading more than 70,000 tonnes of agricultural products.  Look for the market to remain very volatile as the global supply remains tight. 

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$14.45$14.25$13.95
CZ22 Oct22$6.45$6.35$6.15
MWZ22 Dec22$9.40$9.25$9.18

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