Daily Commentary
Please check the links below for what it new at Mid Iowa
Friday August 28th
Corn: +5 ¼ to +3
The corn market spent much of the day trading slightly lower before firming late and finishing with a small gain. Nearby values gained over a nickel on the day and finished very near the high of the session. New crop values gained 3 cents while finishing nearly a dime above the low. Weekly gains were over 16 cents new crop values with the cash market gaining nearly 20 cents. Basis levels have been pressured this week as harvest is approaching but early Southern harvest is being slowed by excessive rains. The USDA did announce a new sale to Colombia in the morning update but the recent new crop sales activity has been slowed.
Soybeans: -3
Soybeans traded lower throughout the session but did mange to finished with just a small loss. The November contract lost 3 cents on the day after trading nearly 20 cents lower at one point. Soybean products were mixed on the day with deferred soybean oil contracts ending with modest gains. For the week, beans gained over 32 cents but that was after losing over 70 the previous week. Soybean export activity has been solid with almost daily announcements of new crop sales, but those are needed to reach the current forecast. Reports that China has been booking Brazilian soybeans Jan forward is concerning for the new crop export outlook. Rainfall across much of the Western Belt this week may have to helped to stabilize the ratings that will be updated Monday afternoon.
8/27/2021 | |||||||||||
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 | 5-6 | 5-6 | CLOSED | |||||
EDDYVILLE | 6-5 | 6-12 | |||||||||
STARCH | CLOSED | CLOSED | CLOSED | ||||||||
PENFORD | 730-1 | ||||||||||
FORT DODGE | 6-6 | 6-6 | |||||||||
JEWELL | |||||||||||
SEABOARD | 6-430 | 6-430 | 6-430 | ||||||||
FAIRBANK / POET | CLOSED | CLOSED | CLOSED | CLOSED | |||||||
IOWA FALLS / POET | 7-5 | 7-5 | 7-5 | ||||||||
SHELLROCK / POET | 7-5 | 7-5 | 7-12 | ||||||||
LINCOLN WAY | 8-4 | 8-4 | 8-4 | ||||||||
PINELAKE | 730-4 | 730-4 | 730-4 | ||||||||
IOWA FALLS/CARGIL | 6-5 | 6-5 | 6-5 | 6-5 | 6-5 | CLOSED | |||||
CEDAR RAPIDS/CARGIL | closed | closed | closed | closed | |||||||
ADM DM | 6-6 | 6-6 | 6-6 | 6-6 | 6-6 | 7-3 | |||||
AGP EAGLE GROVE | 7-5 | 7-5 | 7-5 | 7-5 | 7-5 | ||||||
CBOT | CORN | BEANS | Weekly fuel surch: | 8/23/2021 | 20.90% | ||||||
AUG 21 | $0.00 | ||||||||||
SEP 21 | $5.58 | ||||||||||
DEC / NOV 21 | $5.54 | $13.23 | |||||||||
JAN 22 | $13.27 | ||||||||||
MAR 22 | $5.60 | $13.29 | |||||||||
CORN | |||||||||||
AUG | FH SEP | NC21 | DEC | JAN | MAR | ||||||
Bman/Crad/Gbrook | 0.50 | ######## | -0.28 | -0.25 | -0.35 | -0.35 | |||||
GrnMt/Mill Junc | $6.08 | $5.88 | $5.26 | $5.29 | $5.25 | $5.25 | |||||
Liscomb | 0.50 | 0.30 | -0.28 | -0.25 | -0.30 | -0.30 | |||||
$6.08 | $5.88 | $5.26 | $5.29 | $5.30 | $5.30 | ||||||
Haverhill | 0.55 | 0.40 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
$6.13 | $5.98 | $5.26 | $5.29 | $5.25 | $5.25 | ||||||
Midway | 0.55 | 0.30 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
$6.13 | $5.88 | $5.26 | $5.29 | $5.25 | $5.25 | ||||||
Hudson/LaPorte | 0.55 | 0.30 | -0.28 | -0.25 | -0.35 | -0.35 | |||||
$6.13 | $5.88 | $5.26 | $5.29 | $5.25 | $5.25 | ||||||
Cedar Falls | 0.55 | 0.30 | -0.28 | -0.25 | -0.30 | -0.30 | |||||
$6.13 | $5.88 | $5.26 | $5.29 | $5.30 | $5.30 | ||||||
Jesup | 0.58 | 0.30 | -0.20 | -0.25 | -0.25 | -0.25 | |||||
$6.16 | $5.88 | $5.34 | $5.29 | $5.35 | $5.35 | ||||||
EDDYVILLE | 0.75 | 0.20 | -0.15 | -0.05 | -0.14 | -0.10 | |||||
$6.33 | $5.78 | $5.39 | $5.49 | $5.46 | $5.50 | ||||||
CEDAR RAPIDS | 1.00 | 0.75 | -0.12 | -0.04 | -0.11 | -0.04 | |||||
$6.58 | $6.33 | $5.42 | $5.50 | $5.49 | $5.56 | ||||||
FORT DODGE | 0.60 | 0.65 | -0.12 | -0.05 | -0.14 | -0.10 | |||||
$6.18 | $6.23 | $5.42 | $5.49 | $5.46 | $5.50 | ||||||
JEWELL | 0.50 | -0.10 | -0.22 | -0.20 | -0.24 | -0.24 | |||||
$6.04 | $5.44 | $5.32 | $5.34 | $5.36 | $5.36 | ||||||
FAIRBANK | 0.60 | 0.60 | -0.20 | -0.15 | -0.25 | -0.25 | |||||
$6.14 | $6.14 | $5.34 | $5.39 | $5.35 | $5.35 | ||||||
SEABOARD | 0.55 | -0.15 | -0.10 | ||||||||
$6.13 | #VALUE! | $5.39 | $5.44 | ||||||||
IOWA FALLS | 0.50 | 0.50 | -0.20 | -0.15 | -0.30 | -0.25 | |||||
$6.04 | $6.04 | $5.34 | $5.39 | $5.30 | $5.35 | ||||||
SHELLROCK | 0.55 | 0.50 | -0.20 | -0.15 | -0.25 | -0.25 | |||||
$6.09 | $6.04 | $5.34 | $5.39 | $5.35 | $5.35 | ||||||
LINCOLNWAY | 0.75 | 0.75 | -0.19 | -0.14 | -0.22 | -0.18 | |||||
$6.29 | $6.29 | $5.35 | $5.40 | $5.38 | $5.42 | ||||||
SINCLAIR | 0.55 | 0.50 | -0.25 | -0.18 | -0.25 | -0.2 | |||||
$6.09 | $6.04 | $5.29 | $5.36 | $5.35 | $5.40 | ||||||
PINELAKE | 0.50 | 0.50 | -0.12 | -0.10 | -0.16 | -0.12 | |||||
$6.04 | $6.04 | $5.42 | $5.44 | $5.44 | $5.48 | ||||||
MASON CITY | 0.70 | 0.70 | -0.20 | -0.15 | |||||||
$6.28 | $6.28 | $5.34 | $5.39 | ||||||||
. | . | . | . | ||||||||
CHARLES CITY | 0.50 | 0.50 | -0.17 | -0.12 | -0.25 | -0.25 | |||||
$6.08 | $6.08 | $5.37 | $5.42 | $5.35 | $5.35 | ||||||
HANLONTOWN | 0.85 | 0.85 | -0.22 | -0.18 | -0.25 | -0.22 | |||||
$6.43 | $6.43 | $5.32 | $5.36 | $5.35 | $5.38 | ||||||
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 | $12.88 | $12.63 | $12.63 | $12.67 | $12.67 | $12.64 | |||||
Lisc/Haverhill | -0.35 | -0.57 | -0.57 | -0.57 | -0.57 | -0.65 | |||||
$12.88 | $12.66 | $12.66 | $12.70 | $12.70 | $12.64 | ||||||
CedarF/Jesup/Hud/LaPo | -0.35 | -0.60 | -0.60 | -0.60 | -0.60 | -0.65 | |||||
$12.88 | $12.63 | $12.63 | $12.67 | $12.67 | $12.64 | ||||||
IOWA FALLS | 0.25 | 0.25 | -0.30 | -0.25 | -0.20 | -0.20 | |||||
$13.48 | $13.48 | $12.93 | $13.02 | $13.09 | $13.09 | ||||||
CEDAR RAPIDS | -0.10 | -0.10 | -0.30 | -0.25 | -0.20 | -0.20 | |||||
$13.13 | $13.13 | $12.93 | $13.02 | $13.09 | $13.09 | ||||||
DES MOINES | 0.40 | 0.25 | -0.20 | -0.20 | -0.20 | -0.30 | |||||
$13.63 | $13.48 | $13.03 | $13.07 | $13.09 | $5.30 | ||||||
AGP | -0.30 | -0.30 | -0.30 | ||||||||
$12.93 | $12.93 | $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.