ECG Updates

 

 

StoneX Morning Grain Comments

July 6, 2022

                 Current Trend:  Higher

 Reason:  IGrains rebound from holiday slide as U.S. crop ratings continue to deteriorate.


News

Estelline Coop Grain offers various types of contracts to help you achieve your marketing goals.  Stop in and we would be more than happy to discuss what options would work best for your operation.

 
Estelline Coop Grain is utilizing a CFA Input Finance Program for the 2022 Crop Year.  This program is available for Seed, Fertilizer, Chemical, & Feed Purchases.  You can register a new account and complete an on-line application at cfas.com.  Please contact us with any questions.  

Local Weather
Estelline, South Dakota (57234)

Current Conditions Fog
Temperature 68°F
Dew Point 67°F
Pressure 30.02 in. Hg
Humidity 96%
Wind 4 mph
From East


Forecast


Commentary
Midweek Hogs Follow Tuesday’s Spread Market
The nearby premiums for lean hog futures expanded by ~$2-$4 with July and August closing $2.55 to $2.97 higher and the deferreds ending $0.17 to $1.50 weaker. July now holds a $6.20 premium to August and a near $30 premium to December. USDA’s National Average Afternoon Base Hog price was...
Recovery in Soy Markets
Wednesday’s soy market will trade with expanded limits as soybean oil stayed lock limit down most of Tuesday. For beans that is +/- $1.75, meal has a $45/ton limit and BO can trade within 750 points. Currently prices are bouncing back up with double digit gains in soybeans and $4.40...
FCE Auction Later this Morning
Live cattle futures were down by $1.50 to $1.87 on Tuesday, caught in the broad ag and energy sell off after the holiday. Feeder cattle futures closed with $1.40 to $1.80 losses on the day. Fat cattle futures are 60 cents to $1 weaker through midday. Feeders are also down...
Wheat Market Recovering
Wednesday wheat trading has the board bouncing with double digit gains past the in delivery July contracts. There were another 28 CBT wheat deliveries issued yesterday according to the Merc. CBT SRW futures ended the day with losses of as much as 39 cents. KC wheat futures ended the day...
Mixed Cotton Market into Wednesday
Cotton futures are following Tuesday limit moves with mixed response this morning. July is UNCH and Oct is down triple digits on thin OI, December and March are each down 40 while the deferred new crop contracts are up by as much as 16. The front month cotton futures complex...
Corn Bouncing into Wobble Back Wednesday
Front month corn futures had followed the Tuesday drop with overnight follow through. However into the AM, the market is back into the black by 4 to 5 cents. In delivery July is up by 25 with thin conditions. The corn futures market ended the Tuesday after the 4th with...


Business Hours

 

 OFFICE HOURS

 Telephone:  605-873-2288

  

We will be closed on Monday, July 4th in observance of Independence Day.  **Please call your feed orders in ahead of time for prompt delivery**

Monday - Friday:  8am - 5pm

Saturday - Closed

Sunday - Closed

 

  

 


Notices

 

 


Estelline Coop Grain Cash Bids
Notes Basis Month Futures Price Basis Cash Price
Corn        
Soybeans        
Spring Wheat        
Oats        
Quotes are delayed, as of July 06, 2022, 08:36:33 AM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.

Quotes
Quotes are delayed, as of July 06, 2022, 08:36:33 AM CDT or prior.


The CME Group Intercontinental Exchange