ECG Updates
StoneX Morning Grain Comments
May 25, 2023
Current Trend: Steady/Mixed
Reason: Strong dollar/waker crude weigh on grains, keep export picture dismal overall.
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 2023 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
Commentary
- Cotton Futures Limit the Week’s Drop on Friday
- Friday’s round of trading lifted the board back up by 2.5% to 4% across the front months. For July, the 323 point rally into Memorial Day weekend only limited the week’s net move to a 337 point loss. Dec cotton was also 335 points weaker from Friday to Friday. The...
- More New LoC Lows for Hog Futures
- Hog futures ended Friday with more triple digit losses to new life-of-contract lows. June settled the session 2% in the red for a net weekly drop of $6.95. June is also at a $15.62 loss so far for the month. USDA’s National Average Afternoon Base Hog price for Friday was...
- Feeder Cattle Felt Friday Pressure
- The cattle futures market was mixed on Friday with fats gaining ground to new contract highs and the feeders fading into the holiday weekend on rising feed costs. Live cattle futures settled up by 5 to 57 cents on the day, leaving June at a net $1.62 gain for the...
- Friday Rally for Wheat Futures
- Wheat futures settled the last trade day before Memorial Day with gains across all three classes. Chicago futures led the way with 1.7% to 2% gains in the front months, and flipped to net higher for the week’s move. KC HRW futures closed up by 0.15% to 0.67% in the...
- Soy Market Rallies on Friday
- Soybean futures were 0.9% to 1.5% higher on Friday with double digit gains across the front months. The July contract ended the week at a net 30c gain but is still sitting 82 cents in the red for the month. Soymeal futures were 1% to 1.3% higher into the 3-day...
- Corn Closes Higher into Weekend
- Corn futures rallied with 2.2% to 3.6% gains across the front months. The July contract got back above $6, and is within 30 cents of where May expired. July closed at a 49 1/2 cent gain for the week, and is sitting at a 19 cent gain for the month....
Headline News
Business Hours
Business HOURS
Telephone: 605-873-2288
There is not a direct line to the Fert Shed, please call the main office!
Monday - Friday: 8am - 5pm
*********Check us out on facebook!*********
Staff:
Manager: Jerry Squashingroff
Bookkeeper: Krecia W.
Office Assistant: Jennifer L.
Feed/Agronomy: Brian K. & Sayth J.
Elevator: Charles R., Brandon M. & Walter P.
Trucks: Terry W. & Tim W.
Notices
Estelline Coop Grain Cash Bids
| Notes | Basis Month | Futures Price | Basis | Cash Price |
|---|---|---|---|---|
| Corn | ||||
| Soybeans | ||||
| Spring Wheat | ||||
| Oats |
Quotes are delayed, as of May 29, 2023, 10:55:30 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.
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 May 29, 2023, 10:55:30 AM CDT or prior.
