Morning Comments February 7, 2018
Wednesday, February 7, 2018, 8:02 AM
Submitted by: Landus Cooperative
Corn and Soybeans both steady to up 1
Grain futures are mixed this morning as traders believe that the combination of U.S. corn being the cheapest in world and South American production being questionable is supportive for the corn market. Today brings release of the EIA weekly ethanol production and stock report. Dollar is stronger. Wheat is supported on dry weather conditions throughout the Southern Plains, however, large global supplies are limiting buying. South American weather continues to fluctuate, with the best chance for rain in Argentina this weekend. This will continue to impact soybean values.
USDA to release WASDE report tomorrow at 11 AM CST.
Next week our member meetings kick off on Monday.
This is a “cannot miss” member meeting. If you want an update on what’s going on at YOUR cooperative, join us for a member meeting!
- Section 199
- 2018 CapEx Plans
- Agronomy Fleet Upgrades
- New/Online Customer Portal
- Computer System Changes and One Customer Statement
- Technology Investments
- Plans for Demolition and Site Clean-Up
- and Q&A
Please follow this link to register for the meeting you plan to attend.
Our Averaging contracts are now available for Old Crop and New Crop, both corn and beans. With only a 4 cent fee, this is a very cost effective way to get started marketing grain. We also have an Enhanced Averaging contract for an extra 2 cent fee. Contact your local GMA for complete details, or call (877) 778-2226 to reach a GMA in Ames.