Morning Comments August 2, 2017
Wednesday, August 2, 2017, 8:08 AM
Submitted by: Landus Cooperative
Corn +3 to +4
Soybeans +7 to +8
Markets are trading higher this morning, yields estimates came in below trader expectations. FC Stone had yield report pegged at 162 bu./acre.
There are many dry areas in Corn Belt and temps have been moderate. Weather still remains bearish with rain in forecast. Cooler temps for this weekend will put some pressure on the market.
Landus Cooperative is hosting a series of member town hall meetings across the territory August 7-17. Be sure to check and see when the meeting closest to you is. Also, RSVP to your local Landus Cooperative location. More details: http://www.landuscooperative.com/news_release/landus-cooperative-members-invited-to-august-town-halls-aug-7-17/
**Reminder to anyone that has grain on a Price Later contract with Landus Cooperative.
Our pricing deadline is fast approaching and we have established our roll over rates as follows:
Corn 8 cents/bushel
Beans 4 cents/bushel
PLUS approximately 3 cents/bushel per month for both (this is prorated daily).
If you have not signed the proper paperwork to roll it over by the deadline, it will be priced, the check will be sent, and it will be too late to defer the payment.
PLEASE make sure you communicate with us if you want to do anything other than have it automatically priced and a check sent to you.
Call your local office, your Grain Marketing Advisor, or our grain buyers in Ames (877) 778-2226 if you have any questions.