Daily Commentary
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Wednesday, July 21st
Corn: unch to +2 ¾
Corn finished steady to slightly higher. Weather continues to look hot and dry the next 10 days although unexpected rains fell in North and South Dakota. Last weeks ethanol production was down 1.2%. The White House has been slow on announcing biofuel blending mandates for 2021 and 2022. Such mandate would cause major concern for corn farmers.
Soybeans: +1 ¼
Soybeans finished slightly higher. Weather caused higher trading this morning, but soy oil turned lower causing soybeans to fall back. Soy Oil was under stress from a slow in demand and some profit taking occurred.
| 7/21/2021 | |||||||||||
| Processor Bids and Hours are subject to change, please call before hauling | |||||||||||
| HOURS | MON | TUE | WED | THURS | FRI | SAT | SUN | ||||
| ADM CR | 5-6 | 5-6 | 5-1 | ||||||||
| EDDYVILLE | 6-5 | 6-5 | |||||||||
| STARCH | 7-3 | 7-3 | |||||||||
| PENFORD | 730-11 | ||||||||||
| FORT DODGE | 7-4 | ||||||||||
| JEWELL | 7:30-4 | 7:30-4 | |||||||||
| SEABOARD | |||||||||||
| FAIRBANK / FH | closed | 6-4 | |||||||||
| IOWA FALLS / FH | 7-5 | 7-5 | |||||||||
| SHELLROCK / FH | 7-5 | 7-5 | |||||||||
| LINCOLN WAY | 8-4 | 8-4 | |||||||||
| PINELAKE | |||||||||||
| IOWA FALLS/CARGIL | 6-5 | 6-5 | 7-3 | ||||||||
| CEDAR RAPIDS/CARGIL | 6-5 | 6-5 | 7-3 | ||||||||
| ADM DM | 6-6 | 6-6 | 7-3 | ||||||||
| AGP EAGLE GROVE | |||||||||||
| CBOT | CORN | BEANS | Weekly fuel surch: | 7/19/2021 | 21.80% | ||||||
| JULY 21 | |||||||||||
| AUG 21 | $14.39 | ||||||||||
| SEP 21 | $5.72 | ||||||||||
| DEC / NOV 21 | $5.68 | $13.90 | |||||||||
| JAN 22 | $13.93 | ||||||||||
| MAR 22 | $5.75 | $13.76 | |||||||||
| CORN | |||||||||||
| JULY | AUG | SEP | NC21 | DEC | JAN | MAR | |||||
| Bman/Crad/Gbrook | 0.75 | 0.20 | -0.30 | -0.30 | -0.25 | -0.35 | -0.35 | ||||
| GrnMt/Mill Junc | $6.47 | $5.92 | $5.38 | $5.38 | $5.43 | $5.40 | $5.40 | ||||
| Liscomb | 0.75 | 0.20 | -0.30 | -0.30 | -0.25 | -0.30 | -0.30 | ||||
| $6.47 | $5.92 | $5.38 | $5.38 | $5.43 | $5.45 | $5.45 | |||||
| Haverhill | 0.80 | 0.27 | -0.30 | -0.30 | -0.25 | -0.35 | -0.35 | ||||
| $6.52 | $5.99 | $5.38 | $5.38 | $5.43 | $5.40 | $5.40 | |||||
| Midway | 0.75 | 0.25 | -0.30 | -0.30 | -0.25 | -0.35 | -0.35 | ||||
| $6.47 | $5.97 | $5.38 | $5.38 | $5.43 | $5.40 | $5.40 | |||||
| Hudson/LaPorte | 0.75 | 0.22 | -0.30 | -0.30 | -0.25 | -0.35 | -0.35 | ||||
| $6.47 | $5.94 | $5.38 | $5.38 | $5.43 | $5.40 | $5.40 | |||||
| Cedar Falls | 0.80 | 0.25 | -0.30 | -0.28 | -0.25 | -0.30 | -0.30 | ||||
| $6.52 | $5.97 | $5.38 | $5.40 | $5.43 | $5.45 | $5.45 | |||||
| Jesup | 0.83 | 0.32 | -0.30 | -0.25 | -0.25 | -0.25 | -0.25 | ||||
| $6.55 | $6.04 | $5.38 | $5.43 | $5.43 | $5.50 | $5.50 | |||||
| EDDYVILLE | 1.00 | 1.05 | 0.00 | -0.15 | -0.05 | -0.14 | -0.10 | ||||
| $6.72 | $6.77 | $5.72 | $5.53 | $5.63 | $5.61 | $5.65 | |||||
| CEDAR RAPIDS | 1.20 | 1.05 | 0.80 | -0.12 | -0.04 | -0.11 | -0.04 | ||||
| $6.92 | $6.77 | $6.52 | $5.56 | $5.64 | $5.64 | $5.71 | |||||
| FORT DODGE | 0.85 | 0.90 | 0.70 | 0.00 | -0.08 | -0.14 | -0.10 | ||||
| $6.57 | $6.62 | $6.42 | $5.68 | $5.60 | $5.61 | $5.65 | |||||
| JEWELL | 0.92 | 0.92 | 1.00 | -0.24 | -0.20 | -0.24 | -0.24 | ||||
| $6.64 | $6.64 | $6.68 | $5.44 | $5.48 | $5.51 | $5.51 | |||||
| FAIRBANK | 1.15 | 1.15 | 0.70 | -0.25 | -0.2 | -0.25 | -0.25 | ||||
| $6.87 | $6.87 | $6.42 | $5.43 | $5.48 | $5.50 | $5.50 | |||||
| SEABOARD | 0.75 | -0.20 | -0.10 | ||||||||
| #VALUE! | $6.47 | $5.48 | $5.58 | ||||||||
| IOWA FALLS | 0.85 | 0.70 | 0.70 | -0.25 | -0.15 | -0.30 | -0.25 | ||||
| $6.57 | $6.42 | $6.42 | $5.43 | $5.53 | $5.45 | $5.50 | |||||
| SHELLROCK | 0.75 | 0.75 | 0.70 | -0.25 | -0.15 | -0.25 | -0.25 | ||||
| $6.47 | $6.47 | $6.42 | $5.43 | $5.53 | $5.50 | $5.50 | |||||
| LINCOLNWAY | 0.85 | 0.92 | 0.50 | -0.24 | -0.15 | -0.23 | -0.19 | ||||
| $6.57 | $6.64 | $6.18 | $5.44 | $5.53 | $5.52 | $5.56 | |||||
| SINCLAIR | 0.90 | 0.90 | 0.75 | -0.28 | -0.25 | ||||||
| $6.62 | $6.62 | $6.47 | $5.40 | $5.50 | |||||||
| PINELAKE | 0.85 | 0.89 | 0.89 | -0.20 | -0.15 | -0.18 | -0.14 | ||||
| $6.57 | $6.61 | $6.61 | $5.48 | $5.53 | $5.57 | $5.61 | |||||
| MASON CITY | 0.90 | 0.90 | -0.24 | ||||||||
| $6.62 | $6.62 | 5.44 | |||||||||
| . | . | . | . | . | |||||||
| CHARLES CITY | 0.75 | 0.75 | 0.50 | -0.20 | -0.15 | -0.30 | -0.30 | ||||
| $6.47 | $6.47 | $6.22 | $5.48 | $5.53 | $5.45 | $5.45 | |||||
| 0.92 | |||||||||||
| HANLONTOWN | 0.87 | 0.92 | 0.92 | -0.28 | -0.24 | -0.32 | -0.30 | ||||
| $6.59 | $6.64 | $6.64 | $5.40 | $5.44 | $5.43 | $5.45 | |||||
| SOYBEANS | |||||||||||
| JULY | AUG | SEP | NC21 | DEC | JAN | MAR | |||||
| Bman/Crad/ | 0.65 | 0.65 | -0.65 | -0.65 | -0.65 | -0.65 | -0.65 | ||||
| Gbrook/GrnMt/Midway | $14.55 | $14.55 | $13.25 | $13.25 | $13.28 | $13.28 | $13.11 | ||||
| Lisc/Haverhill | 0.65 | 0.65 | -0.65 | -0.65 | -0.65 | -0.65 | -0.65 | ||||
| $14.55 | $14.55 | $13.25 | $13.25 | $13.28 | $13.28 | $13.11 | |||||
| CedarF/Jesup/Hud/LaPo | 0.65 | 0.65 | -0.65 | -0.65 | -0.65 | -0.65 | -0.65 | ||||
| $14.55 | $14.55 | $13.25 | $13.25 | $13.28 | $13.28 | $13.11 | |||||
| IOWA FALLS | 0.95 | 0.85 | 0.65 | -0.40 | -0.30 | -0.25 | -0.25 | ||||
| $14.85 | $14.75 | $14.55 | $13.50 | $13.63 | $13.51 | $13.51 | |||||
| CEDAR RAPIDS | 0.95 | 0.85 | 0.65 | -0.40 | -0.30 | -0.25 | -0.25 | ||||
| $14.85 | $14.75 | $14.55 | $13.50 | $13.63 | $13.51 | $13.51 | |||||
| DES MOINES | 0.85 | 0.70 | 0.00 | -0.35 | -0.30 | -0.30 | |||||
| $14.75 | $14.60 | $13.90 | $13.55 | $13.63 | $13.46 | ||||||
| AGP | 0.75 | 0.75 | |||||||||
| $14.65 | $14.65 | ||||||||||
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.