Markets close at noon today Thursday July 3rd. Markets seem to be topping out ahead of the shortened holiday week however the analyst company Informa will release their yield estimates at 10:30 this morning. This could create some volatility in the markets during the last 1 1/2 hours of trade before the noon closing. Soybeans are trading 3-7 lower early this morning while corn is trading mixed to slightly higher. December corn futures at $4.33 now will face some resistance at $4.36 and will again at $4.40, the late 2014 high. November soybean near $10.27 today will see upside resistance at $10.40 and again at $10.50. Brazil exported 9.8 million metric tons of soybeans in June compared to June last year of 6.89 mmt.
Where are grain prices headed?
Troy Lust with FC Stone will conduct a Grain Market Outlook Meeting at the Dysart Public Library on July 16th at 9 AM. Space may be limited so please call ahead so we can make accommodations for those wishing to attend. Call Jennie in Vinton, Karen in Clutier or Katie, Amy or Charles in Dysart. Coffee and pastry's will be served.
Price Later Programs
Our Free Price Later Program is now CLOSED for delivery. Last price date remain August 14th with no charge.
We are now offering a 2nd Price Later Program starting July 1st. Grain entering into the July Program must be delivered between July 1st -July 31st and must be final priced by noon on Sept 30th. Moisture discounts will be 4 cents per half point to 15.0%moisture on corn and 12 cents per half point to 13.0% on soybeans. A 3 cent service fee per month will apply. Damaged grain may not enter into the DP Program. Space may be limited, we will post a notice at the elevator and on our website if we are close to ending the program.
MARKETS ARE NOW CLOSED UNTIL 8:30 MONDAY AM. TBC OFFICES WILL BE CLOSED FRIDAY.
HAVE A SAFE AND ENJOYABLE 4TH OF JULY.
TBC will follow these hours for bid
TBC CLOSING BID FOR THURSDAY JULY 2ND, 2015
PROCESSOR HOURS FOR FRIDAY/MONDAY JULY 3RD/6TH, 2015