Updates from Prairie Ag Coop


Both locations will be closed for Thanksgiving Day and the Friday after .
 


Grain Comments
Thursday December 8th

Corn finished the session down 4 cents on moderate spec fun profit taking.  Trade is cautious ahead of tomorrow's S/D report but no major surprises are expected.  Weekly export sales exceeded estimates and were pegged at 58.9 mln bu.  There seems to be more confidence that the USDA will increase the corn export forecast given the solid pace of 1st qtr sales.  On the charts, March corn found support at the 100 day MA and settled at a key pivot level.

They soybean complex saw a major drop in prices.  Factors include the positioning ahead of tomorrow's report and the attention givin to Trump's nominee for the head of the EPA.  The USDA reported better than expected weekly export sales of 53.7 mln bu. brining the past 4 weeks avg to 56 mln vs 45.8 during the same period last year.  Trade seems mixed on whether the USDA will adjust exports on tomorrows report.  Volatile price action is expected with the report tomorrow and thru the weekend with current SAM weather forecast.

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 16 349'0 352'4 344'4 351'4 6'0 352'4s 12/09 Chart for @C6Z
Mar 17 354'0 359'6 351'2 358'6 6'0 359'4s 12/09 Chart for @C7H
May 17 361'0 366'4 358'0 365'2 6'0 366'2s 12/09 Chart for @C7K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 17 1026'0 1039'4 1021'4 1039'0 10'4 1037'4s 12/09 Chart for @S7F
Mar 17 1037'0 1050'2 1032'0 1049'4 10'6 1048'4s 12/09 Chart for @S7H
May 17 1044'6 1058'0 1039'6 1057'6 11'0 1056'2s 12/09 Chart for @S7K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 16 395'4 395'4 395'4 395'4 9'4 400'2s 12/09 Chart for @W6Z
Mar 17 409'0 417'0 403'6 413'0 8'0 416'2s 12/09 Chart for @W7H
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 16 108.300 108.975 107.400 108.900 - 0.325 108.725s 12/09 Chart for @LE6Z
Feb 17 109.975 110.800 109.100 110.750 - 0.125 110.525s 12/09 Chart for @LE7G
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Dec 16 56.650 57.100 56.125 56.725 1.050 56.725s 12/09 Chart for @HE6Z
Feb 17 61.125 61.700 59.750 61.550 0.725 61.550s 12/09 Chart for @HE7G
My Custom Markets
Symbol Open High Low Last Change Close Time More

Quote of the Day


"I think there is a world market for maybe five computers."

~ Thomas Watson,  Chairman of IBM, 1943




Local Conditions
Mount Union, IA
Chg Zip Code: 
Temp: 20oF Feels Like: 20oF
Humid: 74% Dew Pt: 13oF
Barom: 30.58 Wind Dir: SSW
Cond: N/A Wind Spd: 2 mph
Sunrise: 7:20 Sunset: 4:38
As reported at MOUNT PLEASANT, IA at 6:00 AM
 
Local Radar
Mount Union, IA
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Local Forecast
Mount Union, IA

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High: 28°F
Low: 20°F
Precip: 77%
High: 34°F
Low: 26°F
Precip: 80%
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Low: 21°F
Precip: 0%
High: 25°F
Low: 9°F
Precip: 0%
High: 13°F
Low: 7°F
Precip: 57%
View complete Local Weather
 
DTN Weather Summary
Snow Saturday for N.Plains, Midwest
Bryce Anderson (Bio) – DTN Meteorologist

Snow Saturday in the Northern Plains and areas of the western and northern Midwest is expected to be light during the day. Evening might bring heavier snow and freezing rain to northern and eastern Midwest regions. » More DTN Weather Commentary

Posted at 12:24PM Fri Dec 9, 2016 CST

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