Friday morning grains are trading slightly lower with corn down 1 and soybeans down 8. China cancelled sales of 200,000 tones of old crop soybeans late yesterday, that would be 4 boats/vessels. November soybean futures yesterday and today did manage to reach the 62% retracement level of $9.52 but has fallen short of filling the gap at $9.62. The US dollar is weaker this morning. Brazilian corn is trading at a 40 cent discount to US values so any significant rally right now is unlikely. Reports out this morning that crude oil prices may soften more and China's financial issues are causing for grain prices to struggle. FC Stone will release their crop report on August 4th, USDA on August 12th.
New Employee Announcement -
Doug Elliott will join our employee team as Controller on Thursday July 23rd. Doug was born and raised on a small family farm outside of Iowa Falls, IA. He is a graduate of Iowa State University and has over 30 years of strong financial background with over 20 years serving as CFO & Controller for various farm cooperatives in Iowa, Oklahoma and Kansas. He lives in Ames with his wife, Jan and has one son & daughter-in-law with 5 children. He enjoys his grandchildren and is an active church member.
Amy Fisher is transitioning to our Dysart Office Manager position and in addition to her regular duties will be working with the grain department in promoting new programs.
We welcome you to stop in and see Doug when you have the opportunity and congratulate Amy on her new position.
Thank You Charles Gabehart
OUR BIDS CLOSE AT 1:15 ON FRIDAYS
AND REOPEN AT 8:30 ON MONDAYS
TBC CLOSING BID FOR FRIDAY JULY 31, 2015
PROCESSOR HOURS FOR MONDAY AUG 3, 2015
STARCH 7-3 ALLOCATION ONLY CARGILL CR BEANS SAT 7-3, MON 5-5 (CLOSED AUG 21-31 FOR ANNUAL MAINTENANCE)
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.
To Better Track Your Loads, Please Remeber To Call In Your Direct Ship Delivery Info To Dysart. Thanks
Quotes retrieved on August 01, 2015, 01:08:51 PM CDT