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Stewart-Peterson Market Commentary

Closing Commentary - May 25, 2018

Top Farmer Midday Update 5-25-18

 

 

CORN: Corn futures are trading slightly higher at midday, with Jul up 1-1/4 cents to 4.05-1/2, and Dec up 1-1/2 cents to 4.24. Buyers have kept the corn supported today as they look forward to a hot weekend across the country, and some pockets that are still having trouble with finishing up planting. Moisture is anticipated for many areas this weekend, but the possibility that the heat is not accompanied by rain is a cause for buying.

SOYBEANS: Soybean futures are trading 5 to 6 cents higher at midday, with both Jul and Nov up 5-3/4 cents. Buyers have been active all morning with a hot weekend ahead of us. In addition, markets are closed on Monday, which can add some extra volatility.

WHEAT: Wheat futures are higher at midday, with Jul contracts up 8 to 9, KC up 10 to 11, and spring wheat contracts up 5 to 8. Winter wheat areas will likely be subject to some heat stress this weekend, adding some uncertainty to already vulnerable hard red winter wheat crop. Export sales are lagging behind, but money wants to own what it sees as an at-risk crop.

CATTLE: Cattle futures are trading just slightly higher on the results of today's Cattle on Feed report. Jun futures are 12 cents higher to 104.52, Aug lives are up 35 cents to 102.12. Cattle on Feed data came in right in line with expectations, keeping the trade status quo.

HOGS: Hog futures are still trading choppy this morning, with Jun hogs down 47 cents to 74.35, and Jul hogs up 30 cents to 77.07. Without major fundamental or technical developments to trade today, hog futures are chopping around near major moving average levels. Rallying cash hog prices and pork values are the major supportive factors at this point.

 

2018 PRICE LATER February 1 2018

Sell by 7/13/2018 

 

Tama-Benton Cooperative Locations and Office Hours 

 

Dysart- 319-476-3666

Office Hours

Monday-Friday 8:00-4:30

 

Vinton 319-472-4791

Office Hours

Monday-Friday 8:00-4:30pm

 

Clutier 319-479-2242

Office Hours

Monday-Friday 8:00am-4:30pm 

 

All Grain Settlements are now completed at the Dysart Office. For your convenience Grain Checks and Contracts may be printed at the Vinton or Clutier locations. 


CR PROCESSOR HOURS Monday/Tuesday

May 28ht & 29th

ADM   CCLOSED / 5am-1pm

PENFORD CLOSED /7:30-4:30pm

STARCH ClOSED /7am-3pm

CARGILL BEANS CLOSED /7am-5pm

 

THESE HOURS ARE POSTED FOR YOUR CONVENIENCE.SUBJECT TO CHANGE WITHOUT NOTICE.

BE PREPARED FOR EARLY CLOSING WITHOUT NOTICE DUE TO WEATHER, FLOODING, OR DOWNTIME.

Please report Direct Shipment Loads Promptly to the Dysart Office in Order to Maintain Delivery Schedules and to Final Price Contract Over and Underfills. Thank You 

 

 

 

   

 

 

Market Snapshot
Quotes retrieved on May 27, 2018, 10:13:31 AM CDT
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