Market Commentary

Daily Commentary

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July Feed Specials

Thursday July 1^st  

Corn: +2 ½ to +1/2

The corn market finished just slightly higher after fading from the early morning high.  September corn futures finished just over 2 cents higher after trading over 25 cents higher at one point.  The December contract was just fractionally higher today while also finishing well off the early high.  Early strength was tied to follow through from yesterday’s strong move, but that support waned through the session.  This morning’s weekly sales report was disappointing with old crop bookings of less than 1 million.  This followed the recent trend of falling sales and failed to meet the average needed to meet the USDA’s forecast. 

Soybeans: -1/2 to -3 ½

Soybeans finished the day with modest losses after also falling from early highs.  Nearby soybeans were just fractionally lower today after trading in a 50-cent trading range.  New crop values were off just over 3 cents, ending over 25 cents below the early high.  Soybean products were mixed on the day with meal ending with a moderate gain.  Weekly soybean sales were within expectation with old crop bookings reported at 3.4 million bushels.  New crop sales were very solid after the multiple reported sales that were made to China and unknown.  May census soy crush numbers released this afternoon were right as expected at 173.5 million bushels. 

	7/1/2021
	Processor Bids and Hours are subject to change, please call before hauling
	HOURS	MON	TUE	WED	THURS	FRI	SAT	SUN
	ADM CR	CLOSED	5-7			5-7	5-12	CLOSED
	EDDYVILLE	CLOSED				6-5	6-12
	STARCH	CLOSED				7-3
	PENFORD	CLOSED	730-11			730-10
	FORT DODGE	CLOSED				7-2
	JEWELL	CLOSED	730-4			730-4
	SEABOARD
	FAIRBANK / FH	CLOSED	6-4			6-12
	IOWA FALLS / FH	CLOSED	7-5			7-12
	SHELLROCK / FH	CLOSED	7-5			CLOSED
	LINCOLN WAY	CLOSED	8-4			8-2
	PINELAKE
	IOWA FALLS/CARGIL	CLOSED	6-5			APPT
	CEDAR RAPIDS/CARGIL	CLOSED	6-5			APPT
	ADM DM	CLOSED	6-6			6-6	7-3
	AGP EAGLE GROVE
	CBOT	CORN	BEANS		Weekly fuel surch:	6/28/2021	20.90%
	JULY 21	$7.20	$14.47
	AUG 21		$14.30
	SEP 21	$6.02
	DEC / NOV 21	$5.89	$13.95
	JAN 22		$13.98
	MAR 22	$5.95	$13.71
		CORN
		JULY	AUG	SEP	NC21	DEC	JAN	MAR
	Bman/Crad/Gbrook	0.85	0.20	-0.30	-0.30	-0.25	-0.35	-0.35
	GrnMt/Mill Junc	$6.87	$6.22	$5.59	$5.59	$5.64	$5.60	$5.60
	Liscomb	0.90	0.20	-0.30	-0.30	-0.25	-0.30	-0.30
		$6.92	$6.22	$5.59	$5.59	$5.64	$5.65	$5.65
	Haverhill	0.90	0.27	-0.30	-0.30	-0.25	-0.35	-0.35
		$6.92	$6.29	$5.59	$5.59	$5.64	$5.60	$5.60
	Midway	0.85	0.25	-0.30	-0.30	-0.25	-0.35	-0.35
		$6.87	$6.27	$5.59	$5.59	$5.64	$5.60	$5.60
	Hudson/LaPorte	0.85	0.22	-0.30	-0.30	-0.25	-0.35	-0.35
		$6.87	$6.24	$5.59	$5.59	$5.64	$5.60	$5.60
	Cedar Falls	0.85	0.25	-0.30	-0.28	-0.25	-0.30	-0.30
		$6.87	$6.27	$5.59	$5.61	$5.64	$5.65	$5.65
	Jesup	0.90	0.32	-0.30	-0.25	-0.25	-0.25	-0.25
		$6.92	$6.34	$5.59	$5.64	$5.64	$5.70	$5.70
	EDDYVILLE	1.00	1.25	0.00	-0.15	-0.05	-0.14	-0.10
		$7.02	$7.27	$6.02	$5.74	$5.84	$5.81	$5.85
	CEDAR RAPIDS	1.20	1.25	0.40	-0.15	-0.07	-0.14	-0.07
		$7.22	$7.27	$6.42	$5.74	$5.82	$5.81	$5.88
	FORT DODGE	0.85	1.05	0.75	0.00	-0.05	-0.07	-0.05
		$6.87	$7.07	$6.77	$5.89	$5.84	$5.88	$5.90
	JEWELL	1.02	1.05	0.90	-0.24	-0.20	-0.24	-0.24
		$7.04	$7.07	$6.79	$5.65	$5.69	$5.71	$5.71
	FAIRBANK	1.10	0.70	0.70	-0.25	-0.2	-0.25	-0.25
		$7.12	$6.72	$6.72	$5.64	$5.69	$5.70	$5.70
	SEABOARD		0.75		-0.20	-0.10
		$7.20	$6.77		$5.69	$5.79
	IOWA FALLS	0.90	0.70	0.70	-0.25	-0.15	-0.30	-0.25
		$6.92	$6.72	$6.72	$5.64	$5.74	$5.65	$5.70
	SHELLROCK	0.95	0.70	0.70	-0.25	-0.20	-0.25	-0.25
		$6.97	$6.72	$6.72	$5.64	$5.69	$5.70	$5.70
	LINCOLNWAY	0.95	1.05	0.30	-0.24	-0.15	-0.23	-0.19
		$6.97	$7.07	$6.19	$5.65	$5.74	$5.72	$5.76
	SINCLAIR	0.90			0.28		-0.25
		$6.92			$6.17		$5.70
	PINELAKE	0.95	0.98	1.00	-0.20	-0.15	-0.18	-0.14
		$6.97	$7.00	$7.02	$5.69	$5.74	$5.77	$5.81
	MASON CITY	1.00	0.70		-0.24
		$7.02	$6.72		5.65
		.			.	.	.	.
	CHARLES CITY	0.85	0.75	0.20	-0.20	-0.15	-0.30	-0.30
		$6.87	$6.77	$6.22	$5.69	$5.74	$5.65	$5.65
	HANLONTOWN	1.00	1.05	1.05	-0.28	-0.24	-0.32	-0.30
		$7.02	$7.07	$7.07	$5.61	$5.65	$5.63	$5.65
		SOYBEANS
		JULY	AUG	SEP	NC21	DEC	JAN	MAR
	Bman/Crad/	0.00	0.00	-0.65	-0.65	-0.65	-0.65	-0.65
	Gbrook/GrnMt/Midway	$14.30	$14.30	$13.30	$13.30	$13.33	$13.33	$13.06
	Lisc/Haverhill	0.05	0.05	-0.65	-0.65	-0.65	-0.65	-0.65
		$14.35	$14.35	$13.30	$13.30	$13.33	$13.33	$13.06
	CedarF/Jesup/Hud/LaPo	0.00	0.00	-0.65	-0.65	-0.65	-0.65	-0.65
		$14.30	$14.30	$13.30	$13.30	$13.33	$13.33	$13.06
	IOWA FALLS	0.25	0.35	0.10	-0.40	-0.30	-0.25	-0.25
		$14.55	$14.65	$14.05	$13.55	$13.68	$13.46	$13.46
	CEDAR RAPIDS	0.30	0.35		-0.40	-0.30	-0.25	-0.25
		$14.60	$14.65		$13.55	$13.68	$13.46	$13.46
	DES MOINES	0.40	0.20	0.00	-0.40	-0.30	-0.30
		$14.70	$14.50	$13.95	$13.55	$13.68	$13.41
	AGP	0.26	0.26
		$14.56	$14.56

The information contained in this email is believed to be reliable but is not guaranteed to accuracy or completeness by MID IOWA COOPERATIVE. This is provided for informational purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities. Bids are to be used as a reference only. Prices may change at any time without notice. Please call a Mid Iowa Coop location for updated bids.