GENERAL MANAGER: Jeff Olson
BOARD OF DIRECTORS: Lenny Saathoff, Barry Loomis, Ralland Janssen, Byron Hendrickson & Scott Thompson
 
 
Grain/Market News Report

January 16, 2019
Corn: CH19 +2.75¢, CK19 +2.50¢, CN19 +2.50¢, CZ19 +2.50¢

  • Corn holding in there today after yesterday’s blood bath
  • Ethanol grind was up 5.19 mbu LW to 106.99 mbu while stocks rose just slightly
  • China’s agriculture ministry has said that they expect to use all of their OC corn stocks in 2019 leaving them with an estimated supply deficit of 26.5 million tons
    • Keep in mind that the Chinese government does not include their reserves in their data
    • Don’t panic and think that they are running out of corn
      • China just being China
    • Are they making these comments to entice their farmers to plant more corn?
      • Maybe even GMO corn?
        • Hence the article LW about them allowing certain GMO’s
        • If you figure China out let me know
  • Keep a close eye on the dryness in Brazil as they are harvesting beans and will be planting their Safina corn crop soon
    • Corn seems to have some resilience as of late and is just waiting for some bullish news  
 
Soybeans:  SH19 -1.50¢, SK19 -1.50¢, SN19 -1.50¢, SX19 -2.00¢
  • Beans with a bit of a dead cat bounce early in the session but that is waning now at midday. 
  • The lack of positive market reaction to yesterday’s latest record monthly NOPA crush report underscores the theme as of late, where any mildly bullish surprise is meet with selling pressure as the market comes to terms with likely a billion bushel U.S. carryout
  • Wheat: KWH19 -0.75¢ MWH19 +1.75¢
    ·       Wheat markets mixed to even today.     
  • Spring wheat settled yesterday at $5.62 and has traded both sides since.
  • Winter wheat settled yesterday at $4.955 and also has traded both sides this session.
  • Trade is lack luster and a little off with the lack of USDA news.


ECG's Happenings

Estelline Coop Grain

is offering

Free Price Later

on Corn & Soybeans

delivered into Estelline

until 8/31/2019.


Quantities may be limited!!!

 

 

 

 

 


Local Conditions
Estelline, SD
Chg Zip Code: 
Temp: 12oF Feels Like: 4oF
Humid: 84% Dew Pt: 8oF
Barom: 30.23 Wind Dir: S
Cond: N/A Wind Spd: 5 mph
Sunrise: 8:01 Sunset: 5:15
As reported at WATERTOWN, SD at 12:00 AM
 
Local Radar
Estelline, SD
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Local Forecast
Estelline, SD

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High: 18°F
Low: 7°F
Precip: 0%
High: 6°F
Low: -6°F
Precip: 80%
High: 1°F
Low: -13°F
Precip: 0%
High: 6°F
Low: -10°F
Precip: 60%
High: 16°F
Low: 2°F
Precip: 73%
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DTN Weather Summary
Messy, Wet Thursday Ahead
Bryce Anderson (Bio) – DTN Meteorologist

Thursday will be a messy day in the southern Midwest, southeastern Plains and Delta, with rain and mixed precipitation. Meanwhile, the Far West and Northwest will have widespread rain and snow, with flooding and mudslides a notable threat in California. » More DTN Weather Commentary

Posted at 1:23PM Wed Jan 16, 2019 CST

DTN Market Matters Blog
Editorial Staff
Monday, January 14, 2019 11:24AM CST
On Oct. 29, 2015, the Positive Train Control Enforcement and Implementation Act of 2015 (PTCEI Act) was signed into law and extended the original statutory deadline for full implementation of PTC systems from Dec. 31, 2015, to Dec. 31, 2018.
Friday, January 11, 2019 1:10PM CST
Monday, January 7, 2019 11:48AM CST

This Day In History
January 17, 1601
France gains Bresse, Bugey, Valromey & Gex in treaty with Spain

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Did You Know?

In 1916 the Federal Highway Act provided for cooperation with states in construction of rural post roads


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Price as of 01/17/19 01:03AM CST.
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Commodity Quotes
Commodity Last Chg
CORN (@C9H) 374'4 0'4
CORN (@C9K) 383'0 0'6
CORN (@C9N) 390'6 0'6
SOYBEANS (@S9H) 895'6 1'2
SOYBEANS (@S9K) 909'2 1'2
SOYBEANS (@S9N) 922'4 1'6
HARD RED SPRING WHEAT (@MW9H) 565'0 0'0
HARD RED SPRING WHEAT (@MW9K) 570'2 0'4
HARD RED SPRING WHEAT (@MW9N) 577'2 0'2
HARD RED WINTER WHEAT (@KW9H) 494'2 -1'2
HARD RED WINTER WHEAT (@KW9K) 505'4 -1'0
HARD RED WINTER WHEAT (@KW9N) 516'2 -1'0
OATS (@O9H) 296'2 0'6
OATS (@O9K) 290'6 3'0
OATS (@O9N) 288'0 4'4
LIVE CATTLE (@LE9G) 127.725 0.875
LIVE CATTLE (@LE9J) 127.625 0.300

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