GENERAL MANAGER: Jeff Olson
BOARD OF DIRECTORS: Lenny Saathoff, Barry Loomis, Ralland Janssen, Byron Hendrickson & Scott Thompson
 
 
Grain/Market News Report
Tuesday, August 21, 2018
  • Corn:  CU18 -2.00¢, CZ18 -1.75¢, CH19 -2.00¢, CK19 -1.75¢
  • Corn futures feeling the weight of the first day of the Pro-farmer crop tour
    • Day one on the Western leg: South Dakota estimated corn yield at 178.0 bu/acre, up from 148.0 bu/acre last year
    • Eastern leg: Ohio corn yield pegged at 179.6 bu/acre, up from 164.6 last year
    • Keep your eyes on Twitter: #pftour18
      • Western tour leg is in Eastern NE today and early estimates remain Huge!
  • USDA’s corn conditions ratings were overshadowed by the crop tour
    • National corn crop ratings fell by an additional two points to 68% good/excellent
      • Ratings remain 6% ahead of last year
      • Ratings have fallen in 7 of the last 9 weeks
      • ND was down a sharp 9 points
  • CZ18 closed marginally lower Monday, short-term trend is choppy as we continue to await a change in fundamentals
    • Consolidation phase in CZ18 should see resistance around $3.88 ½ and nearby support at $3.66
    • Soybeans:  SX18 -4.00¢, SF19 -4.00¢ SH19 -3.75¢
    • Beans have an eye on Trump’s Twitter as well as any good or bad news that may come from tomorrow’s meeting between lower level US and Chinese officials in Washington
      • It’s anybody’s guess as to what rhetoric will come out of these meetings
    • If August rains are what truly makes a bean crop then we shouldn’t be surprised to see a record bean yield this year
    • Basis is flat to weaker as the shuttle facilities are leading the charger lower for NC basis due to the lack of a PNW bid
    • Wheat: KWU18 -9.00¢ MWU18 -6.00¢
    • The futures drifting lower in wheat markets again today, taking off nearly all the premium of last week’s rally.
      • US export market is uncompetitive
    • Spring wheat conditions down 1 point this week
      • Spring wheat harvest at 16% higher than last year at 60%
      • Increase of 25% week on week
      • Winter wheat harvest 1 %lower than last year at 97%
      • Increase of 3% week on week
    • Russian Ag Minister announcing today there will not be a need for a tariff.


ECG's Happenings

 

 
Estelline Coop Grain Seed Plot Day will be September 11th from 11am-1pm.  Lunch will be served.  Hope to see you there!!

 
 
Image may contain: tree, sky, grass, plant, cloud, outdoor and nature






*****************************************
2018 STORAGE PROGRAM

Oats & Spring Wheat:  1 WEEK FREE THEN .05/Month

Quantities may be limited!!!

 
Thank you for your continued business!!
 

Local Conditions
Estelline, SD
Chg Zip Code: 
Temp: 70oF Feels Like: 69oF
Humid: 46% Dew Pt: 48oF
Barom: 30.21 Wind Dir: N
Cond: N/A Wind Spd: 15 mph
Sunrise: 6:38 Sunset: 8:25
As reported at WATERTOWN, SD at 4:00 PM
 
Local Radar
Estelline, SD
Radar
 
Local Forecast
Estelline, SD

Tuesday

Wednesday

Thursday

Friday

Saturday
High: 70°F
Low: 52°F
Precip: 0%
High: 76°F
Low: 51°F
Precip: 0%
High: 73°F
Low: 57°F
Precip: 50%
High: 76°F
Low: 61°F
Precip: 80%
High: 81°F
Low: 60°F
Precip: 20%
View complete Local Weather
 
DTN Weather Summary
Rain Wednesday in Southern Plains
Bryce Anderson (Bio) – DTN Meteorologist

Areas of northeast U.S., Florida, Kansas, Nebraska and Oklahoma will see varied rain Wednesday. Mostly dry elsewhere. » More DTN Weather Commentary

Posted at 11:52AM Tue Aug 21, 2018 CDT

This Day In History
August 21, 1942
Alpine hunters plant German flag on Elbroezgebergte, Kaukasus

more info



Did You Know?

In 1946 the USDA developed a technique to produce high-quality frozen orange juice concentrate


Fact courtesy of the USDA


DTN Market Matters Blog
Editorial Staff
Monday, August 20, 2018 10:01AM CDT
The 2018 HRW wheat harvest continues advancing toward completion in the Northern Plains and Pacific Northwest, lagging behind the five-year average as noted by the U.S. Wheat Associates in their recent weekly harvest report.
Friday, August 17, 2018 9:19AM CDT
Monday, August 13, 2018 10:43AM CDT

DTN Ag Headline News
Corn, Wheat Inspections Bearish
Ag Continues to Swing at WOTUS Zombie
Cash Market Moves
Cash Rent Conundrum
Ag Seeks Blockchain Advantage
Todd's Take
Year-Round E15 Success Limited
DTN Digital Yield Tour 2018- MN, WI, OH
WOTUS Now in Effect in 26 States

Headline News
Trump Fears Interview Perjury Charge 08/21 08:53
Trump Plans Coal Emissions Rollback 08/21 09:00
States Invest in Election Security 08/21 08:49
Rockets Hit During Afghan Pres. Speech 08/21 08:56
Microsoft Uncovers More Russia Attacks 08/21 08:59
Australia PM Survives Leadership Vote 08/21 08:52
Alaska Ballot:Governor, US House Spots 08/21 08:55
S&P 500 Touches All-Time High 08/21 15:53

Google Search

Google


Welcome

 Hours of Business:

            Monday-Friday:  7:00am - 5:30pm

 Saturday:  Closed



 

                            


Local Cash Bids
ESTELLINE GRAIN Delivery Cash   Basis    
 Corn Chart August    
  Chart Sept    
  Chart NC    
 Soybean Chart August    
  Chart NC    
 Spring Wheat Chart N/C    
 Oats Chart NC    
Price as of 08/21/18 05:07PM CDT.
Click to view more Cash Bids

Commodity Quotes
Commodity Last Chg
CORN (@C8U) 359'4 -2'2
CORN (@C8Z) 373'4 -2'2
CORN (@C9H) 386'0 -2'2
SOYBEANS (@S8U) 873'4 -7'2
SOYBEANS (@S8X) 885'0 -7'2
SOYBEANS (@S9F) 897'4 -7'0
HARD RED SPRING WHEAT (@MW8U) 588'0 -5'4
HARD RED SPRING WHEAT (@MW8Z) 605'6 -5'6
HARD RED SPRING WHEAT (@MW9H) 620'4 -6'0
HARD RED WINTER WHEAT (@KW8U) 534'6 -12'6
HARD RED WINTER WHEAT (@KW8Z) 562'2 -12'4
HARD RED WINTER WHEAT (@KW9H) 587'4 -11'6
OATS (@O8U) 257'0 -3'6
OATS (@O8Z) 263'6 -4'6
OATS (@O9H) 270'2 -4'6
LIVE CATTLE (@LE8Q) 108.950 0.200
LIVE CATTLE (@LE8V) 110.100 0.025

DTN Cash Bid Updates
Log in
Username:
Password:

DTN Farm Life
Farm Life

See what other farmers are thinking about on everything related to farm life.

Calendar
< August 2018 >
S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
 
Upcoming Events
  • National Boss Day

  • DTN/PF Renewable Fuels
    Latest DTN/PF Renewable Fuels News
    Tuesday, February 13, 2018 11:25AM CDT
    News pertaining to the ethanol industry.

    Wednesday, September 28, 2016 3:18PM CDT

    Thursday, July 19, 2018 4:57PM CDT


     
     
    Copyright DTN. All rights reserved. Disclaimer.
    Powered By DTN