Daily Commentary
Please check the links below for what it new at Mid Iowa
Tuesday August 24th
Corn: +6 ½ to +9 ¾
Soybeans: +39
Dustin’s Point of View 8/24/21
Corn Bin Bushels: March 22 or May 22 structures with a floor/ceilng, taking risk double up risk off daily or weekly.
Overrun Corn: Look for basis opportunities for early harvest or late harvest.
Spreads: CZ21 to CH22 (I like 8+ cents) CZ21 to CK22 (12+cents) good risk management move
Soybeans: Uncertain about soybean yields my focus is looking at soybean basis or placing offers for cash sales with looking at upside protection.
| 8/24/2021 | |||||||||||
| 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 | 5-6 | CLOSED | |||||||
| EDDYVILLE | 6-5 | ||||||||||
| STARCH | 7-3 | 7-3 | |||||||||
| PENFORD | 7:30-11 | WAXY | |||||||||
| FORT DODGE | CLOSED | CLOSED | |||||||||
| JEWELL | CLOSED | ||||||||||
| SEABOARD | |||||||||||
| FAIRBANK / POET | 6-4 | CLOSED | 6-12 | ||||||||
| IOWA FALLS / POET | 7-5 | 7-5 | 7-5 | ||||||||
| SHELLROCK / POET | CLOSED | 7-5 | 7-5 | ||||||||
| LINCOLN WAY | 8-4 | 8-4 | 8-4 | ||||||||
| PINELAKE | 0-Jan | ||||||||||
| IOWA FALLS/CARGIL | 6-5 | 6-5 | 6-5 | CLOSED | |||||||
| CEDAR RAPIDS/CARGIL | APPT | APPT | APPT | APPT | |||||||
| ADM DM | 6-6 | 6-6 | 6-6 | 7-3 | |||||||
| AGP EAGLE GROVE | 7-5 | 7-5 | 7-5 | ||||||||
| CBOT | CORN | BEANS | Weekly fuel surch: | 8/23/2021 | 20.90% | ||||||
| AUG 21 | $0.00 | ||||||||||
| SEP 21 | $5.44 | ||||||||||
| DEC / NOV 21 | $5.45 | $13.32 | |||||||||
| JAN 22 | $13.37 | ||||||||||
| MAR 22 | $5.52 | $13.38 | |||||||||
| CORN | |||||||||||
| AUG | FH SEP | NC21 | DEC | JAN | MAR | ||||||
| Bman/Crad/Gbrook | 0.60 | #CONNECT! | -0.28 | -0.25 | -0.35 | -0.35 | |||||
| GrnMt/Mill Junc | $6.04 | $5.74 | $5.17 | $5.20 | $5.17 | $5.17 | |||||
| Liscomb | 0.60 | 0.30 | -0.28 | -0.25 | -0.30 | -0.30 | |||||
| $6.04 | $5.74 | $5.17 | $5.20 | $5.22 | $5.22 | ||||||
| Haverhill | 0.65 | 0.40 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
| $6.09 | $5.84 | $5.17 | $5.20 | $5.17 | $5.17 | ||||||
| Midway | 0.65 | 0.30 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
| $6.09 | $5.74 | $5.17 | $5.20 | $5.17 | $5.17 | ||||||
| Hudson/LaPorte | 0.65 | 0.30 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
| $6.09 | $5.74 | $5.17 | $5.20 | $5.17 | $5.17 | ||||||
| Cedar Falls | 0.65 | 0.30 | -0.28 | -0.25 | -0.30 | -0.30 | |||||
| $6.09 | $5.74 | $5.17 | $5.20 | $5.22 | $5.22 | ||||||
| Jesup | 0.68 | 0.30 | -0.20 | -0.25 | -0.25 | -0.25 | |||||
| $6.12 | $5.74 | $5.25 | $5.20 | $5.27 | $5.27 | ||||||
| EDDYVILLE | 0.75 | 0.20 | -0.15 | -0.05 | -0.14 | -0.10 | |||||
| $6.19 | $5.64 | $5.30 | $5.40 | $5.38 | $5.42 | ||||||
| CEDAR RAPIDS | 1.00 | 0.75 | -0.12 | -0.04 | -0.11 | -0.04 | |||||
| $6.44 | $6.19 | $5.33 | $5.41 | $5.41 | $5.48 | ||||||
| FORT DODGE | 0.90 | 1.00 | -0.12 | -0.05 | -0.14 | -0.10 | |||||
| $6.34 | $6.44 | $5.33 | $5.40 | $5.38 | $5.42 | ||||||
| JEWELL | 0.50 | -0.10 | -0.22 | -0.20 | -0.24 | -0.24 | |||||
| $5.95 | $5.35 | $5.23 | $5.25 | $5.28 | $5.28 | ||||||
| FAIRBANK | 0.80 | 0.80 | -0.20 | -0.15 | -0.25 | -0.25 | |||||
| $6.25 | $6.25 | $5.25 | $5.30 | $5.27 | $5.27 | ||||||
| SEABOARD | 0.55 | 0.55 | -0.15 | -0.10 | |||||||
| $5.99 | $6.00 | $5.30 | $5.35 | ||||||||
| IOWA FALLS | 0.75 | 0.75 | -0.20 | -0.15 | -0.30 | -0.25 | |||||
| $6.20 | $6.20 | $5.25 | $5.30 | $5.22 | $5.27 | ||||||
| SHELLROCK | 0.80 | 0.75 | -0.20 | -0.15 | -0.25 | -0.25 | |||||
| $6.25 | $6.20 | $5.25 | $5.30 | $5.27 | $5.27 | ||||||
| LINCOLNWAY | 0.75 | 0.50 | -0.21 | -0.16 | -0.24 | -0.20 | |||||
| $6.20 | $5.95 | $5.24 | $5.29 | $5.28 | $5.32 | ||||||
| SINCLAIR | 0.80 | -0.25 | -0.25 | ||||||||
| $6.25 | $5.20 | $5.27 | |||||||||
| PINELAKE | 0.70 | 0.70 | -0.10 | -0.15 | -0.18 | -0.14 | |||||
| $6.15 | $6.15 | $5.35 | $5.30 | $5.34 | $5.38 | ||||||
| MASON CITY | 0.90 | 0.70 | -0.20 | -0.15 | |||||||
| $6.34 | $6.14 | $5.25 | $5.30 | ||||||||
| . | . | . | . | ||||||||
| CHARLES CITY | 0.50 | 0.50 | -0.17 | -0.12 | -0.25 | -0.25 | |||||
| $5.94 | $5.94 | $5.28 | $5.33 | $5.27 | $5.27 | ||||||
| 0.92 | |||||||||||
| HANLONTOWN | 0.85 | 0.85 | -0.22 | -0.18 | -0.25 | -0.22 | |||||
| $6.29 | $6.29 | $5.23 | $5.27 | $5.27 | $5.30 | ||||||
| SOYBEANS | |||||||||||
| AUG | FH SEP | NC21 | DEC | JAN | MAR | ||||||
| Bman/Crad/ | -0.35 | -0.60 | -0.60 | -0.60 | -0.60 | -0.65 | |||||
| Gbrook/GrnMt/Midway | $12.97 | $12.72 | $12.72 | $12.77 | $12.77 | $12.73 | |||||
| Lisc/Haverhill | -0.35 | -0.57 | -0.57 | -0.57 | -0.57 | -0.65 | |||||
| $12.97 | $12.75 | $12.75 | $12.80 | $12.80 | $12.73 | ||||||
| CedarF/Jesup/Hud/LaPo | -0.35 | -0.60 | -0.60 | -0.60 | -0.60 | -0.65 | |||||
| $12.97 | $12.72 | $12.72 | $12.77 | $12.77 | $12.73 | ||||||
| IOWA FALLS | 0.05 | 0.05 | -0.30 | -0.30 | -0.25 | -0.25 | |||||
| $13.37 | $13.37 | $13.02 | $13.07 | $13.13 | $13.13 | ||||||
| CEDAR RAPIDS | -0.10 | -0.10 | -0.30 | -0.30 | -0.25 | -0.25 | |||||
| $13.22 | $13.22 | $13.02 | $13.07 | $13.13 | $13.13 | ||||||
| DES MOINES | 0.10 | 0.00 | -0.20 | -0.20 | -0.20 | -0.30 | |||||
| $13.42 | $13.32 | $13.12 | $13.17 | $13.18 | $5.22 | ||||||
| AGP | -0.30 | -0.30 | -0.30 | ||||||||
| $13.02 | $13.02 | $13.35 | |||||||||
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.