GENERAL MANAGER: Jeff Olson
BOARD OF DIRECTORS: Lenny Saathoff, Barry Loomis, Ralland Janssen, Byron Hendrickson & Scott Thompson
 
 
Grain/Market News Report
Thursday, November 15, 2018
Corn: CZ18 +2.25¢, CH19 +2.00¢, CK19 +2.00¢

Ethanol grind of 108.62 mbu was just shy of LW’s grind of 108.72 mbu and better than LY’s 107.30 mbu
Many in the trade are expecting the grind to slow down any day now as ethanol margins are in the dumps and hearing reports that quite a few plants are slowing down
GREEN PLAINS ANNOUNCES PERMANENT CLOSURE OF HOPEWELL, VA. ETHANOL FACILITY – Reuters
Basis continues to firm across the WCB

Soybeans: SF19 +1.00¢, SH19 +1.25¢, SK19 +1.25¢
  • Informa released their acreage estimate for soybeans at 83.5 million acres
    • Down 807,000 from last month and -5.7 million acres from last year
  • The market was strong up until just before 11:00
    • Big volume spike during the drop
    • Tomorrow’s COT report will be interesting
      • It’s as of Tuesday, so yesterday’s and today’s action won’t be part of the report
      • How much of the fund short position was liquidated during this and last session?
        • We won’t know that answer until Monday, 11/26 due to the Thanksgiving holiday next week
        • That is a lot of trading to take place without knowing their position
Wheat: KWZ18 -.25¢ MWZ18 +1.00¢
  • KWZ18 futures making new lows for the move this morning and flirting with the contract low for KWZ18 at $4.7825 printed back on 12/12/2017.
  • This morning Informa released latest U.S. winter wheat acres for 2018/19 at 33.1 mln ac, down 807k from last month


ECG's Happenings

Local Conditions
Estelline, SD
Chg Zip Code: 
Temp: 32oF Feels Like: 20oF
Humid: 92% Dew Pt: 30oF
Barom: 30.01 Wind Dir: NNW
Cond: N/A Wind Spd: 21 mph
Sunrise: 7:27 Sunset: 4:59
As reported at WATERTOWN, SD at 11:00 PM
 
Local Radar
Estelline, SD
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Local Forecast
Estelline, SD

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DTN Weather Summary
Cold Wave Moving South Friday
Bryce Anderson (Bio) – DTN Meteorologist

Snow and mixed precipitation expected Friday in the Canadian Prairies, Northern Plains and northern Midwest. Dry elsewhere. » More DTN Weather Commentary

Posted at 2:20PM Thu Nov 15, 2018 CST

DTN Market Matters Blog
Editorial Staff
Tuesday, November 13, 2018 9:11AM CST
The DTN domestic distillers dried grains average price was higher at $136 per ton for the week ended Nov. 8.
Monday, November 5, 2018 11:45AM CST
Friday, November 2, 2018 11:42AM CST

This Day In History
November 15, 1941
Cow Palace opens in San Francisco

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Did You Know?

In 1871 the patent for the cotton stripper was granted


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        Monday-Saturday: 7:30am - 7:00pm 

              Sunday:  12:00pm - 5:00pm
               Subject to change with the weather.


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ECG 2018-2019 DP Grain Program
Corn
06 per month prorated
7 days grace period
No Minimums

 

 

               


Local Cash Bids
ESTELLINE GRAIN Delivery Cash   Basis    
 Corn Chart November    
  Chart December    
  Chart NC 19    
 Soybean Chart November    
  Chart December    
  Chart NC 19    
 Spring Wheat Chart November    
  Chart NC 19    
 Oats Chart Nov 30, 18    
Price as of 11/15/18 11:34PM CST.
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Commodity Quotes
Commodity Last Chg
CORN (@C8Z) 368'2 0'6
CORN (@C9H) 379'2 1'0
CORN (@C9K) 386'4 0'6
SOYBEANS (@S9F) 889'0 0'2
SOYBEANS (@S9H) 902'2 0'0
SOYBEANS (@S9K) 916'0 0'4
HARD RED SPRING WHEAT (@MW8Z) 575'2 0'4
HARD RED SPRING WHEAT (@MW9H) 575'0 0'0
HARD RED SPRING WHEAT (@MW9K) 582'2 -0'2
HARD RED WINTER WHEAT (@KW8Z) 481'0 1'0
HARD RED WINTER WHEAT (@KW9H) 503'4 0'2
HARD RED WINTER WHEAT (@KW9K) 515'4 0'0
OATS (@O8Z) 291'4 -0'6
OATS (@O9H) 291'2 -0'4
OATS (@O9K) 294'0 2'2
LIVE CATTLE (@LE8Z) 115.025 0.550
LIVE CATTLE (@LE9G) 119.075 0.500

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    DTN/PF Renewable Fuels
    Latest DTN/PF Renewable Fuels News
    Thursday, November 15, 2018 12:46PM CST
    Energy Information Administration data once again detailed higher domestic ethanol stocks, posting the second consecutive gain to reach a three-week high while production edged off fractionally from a nine-week high.

    Tuesday, October 23, 2018 11:10AM CST

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