GENERAL MANAGER: Jeff Olson
BOARD OF DIRECTORS: Lenny Saathoff, Barry Loomis, Ralland Janssen, Byron Hendrickson & Scott Thompson
 
 
Grain/Market News Report
Wednesday, November 14, 2018

Corn: CZ18 -0.25¢, CH19 -0.25¢, CK19 -0.50¢

·         CZ18 futures grinding lower as we are establishing our holiday time trading range

o   The grind continues…. Corn harvest continues to limp along and no fresh news

o   CZ18 bouncing off of near-term support at 366 and the 40-day MA

o   Futures establishing our holiday trading range from 380-360
·         The US is 84% harvested vs. 81% last year & a 5-year average of 87%
Mexico bought more corn this AM

Export sales of 212,000 metric tons of corn for delivery to Mexico during the 2018/2019 marketing year
Corn basis continues to firm this week as harvest is winding down across much of the WCB
Soybeans: SF19 +3.50¢, SH19 +3.25¢, SK19 +3.00¢
Enjoying a little of the green side of trade today which is the market’s response to the less than anticipated bean harvest numbers the USDA put out yesterday.
5 percentage points behind average nationally.
More cold and precip forecasted.
When all is said and done the production numbers are expected to be lighter than current figures.
Trade stuck in sideways momentum without twitter news :
Today’s announcement of 148K tons sold to unknown on top of 276,736 from yesterday’s news is also supportive.
Bean export inspections yesterday put the US at nearly half of the 5 year average.
Nonetheless they were higher than last week.
Wheat: KWZ18 -4.00¢ MWZ18 -.25¢
HRS wheat trading sideways and winter wheat futures under modest pressure today on little new news.
Recent developments for the U.S. winter wheat crop may challenge the top end of production estimates for next year as reduced acres and concerns for winter kill are elevated as a largely immature crop moves into dormancy early. 


ECG's Happenings

Local Conditions
Estelline, SD
Chg Zip Code: 
Temp: 49oF Feels Like: 44oF
Humid: 43% Dew Pt: 27oF
Barom: 30.08 Wind Dir: S
Cond: N/A Wind Spd: 13 mph
Sunrise: 7:24 Sunset: 5:01
As reported at WATERTOWN, SD at 4:00 PM
 
Local Radar
Estelline, SD
Radar
 
Local Forecast
Estelline, SD

Wednesday

Thursday

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Sunday
High: 52°F
Low: 20°F
Precip: 0%
High: 46°F
Low: 28°F
Precip: 0%
High: 33°F
Low: 16°F
Precip: 66%
High: 21°F
Low: 11°F
Precip: 0%
High: 30°F
Low: 13°F
Precip: 0%
View complete Local Weather
 
DTN Weather Summary
Snow Thursday in Delta, Southeast Areas
Bryce Anderson (Bio) – DTN Meteorologist

Areas of the Delta, Midwest and mid-Atlantic will see freezing precip Thursday. The Southeast will see heavy rain and possible flooding. Mostly dry elsewhere. » More DTN Weather Commentary

Posted at 1:06PM Wed Nov 14, 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 14, 1964
Detroit Red Wings Gordie Howe sets NHL record 627th career goal

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Did You Know?

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


Fact courtesy of the USDA


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  Harvest Hours

        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 11/14/18 04:35PM CST.
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Commodity Quotes
Commodity Last Chg
CORN (@C8Z) 366'6 0'4
CORN (@C9H) 377'6 0'2
CORN (@C9K) 385'4 0'0
SOYBEANS (@S8X) 872'0 3'2
SOYBEANS (@S9F) 883'0 5'2
SOYBEANS (@S9H) 896'0 5'0
HARD RED SPRING WHEAT (@MW8Z) 576'4 -2'2
HARD RED SPRING WHEAT (@MW9H) 577'4 -3'2
HARD RED SPRING WHEAT (@MW9K) 585'4 -3'2
HARD RED WINTER WHEAT (@KW8Z) 481'0 -5'4
HARD RED WINTER WHEAT (@KW9H) 504'4 -5'2
HARD RED WINTER WHEAT (@KW9K) 517'0 -5'6
OATS (@O8Z) 288'6 4'0
OATS (@O9H) 289'4 4'0
OATS (@O9K) 290'4 2'6
LIVE CATTLE (@LE8Z) 114.375 - 0.775
LIVE CATTLE (@LE9G) 118.350 - 0.150

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