ECG Updates

 Due to storm damage, clean-up and maintenance please call before bringing in grain.

 

StoneX Morning Grain Comments

May 16, 2022

                 Current Trend: Higher

 Reason:   Grains rally to open the week as India reverses course on wheat export policy.

 

 


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 Cloudy
Temperature 50°F
Dew Point 45°F
Pressure 29.94 in. Hg
Humidity 83%
Wind 9 mph
From Southeast


Forecast


Commentary
Wheat Locked Limit at the close
The wheat complex saw several contracts close at the limit on Monday across all three exchanges. CBT and KC contracts were up the 70 cent limit in front months with deferred contracts double digits higher as well. MPLS was up their respective 60 cent limit in the front months. The...
Cattle Complex Mixed on Monday
Live cattle futures were up 17 cents to $1.55 on Monday, with the front months the strongest. Cash trade has yet to develop this week, though USDA did show a few $142 sales in the North on Monday. Feeders were pressured by the strength in corn, with most contracts down...
Hogs Rally on Monday
Lean hog futures posted $1.32 to $3.60 gains on Monday. The National Average Base Hog price for Monday morning was $101.64 up 17 cents from the day prior. CME’s Lean Hog Index for 5/12 was 55 cents lower to $100.49. Pork cutout futures were $3.20 higher on Monday. USDA’s National...
Cotton Sharply Higher to Start the Week
Cotton futures were up 404 to 545 points on Monday. Outside markets were adding support, with crude oil up another $3.40 and the dollar down 391 points. The weekly Crop Progress report tallied the US cotton crop at 37% planted, on pace with the 5-year average and a 13% increase...
Soybeans Close Higher on Monday
Soybeans held up at the close with contracts up 9 ½ to 13 ¾ on Monday. Product values were mixed as soybean meal was up $3.60/ton, and bean oil backing off 67 points. USDA pegged soybean planting pace at 30% as of 5/15, on the low end of estimates. That...
Corn Rallies to Start the Week
Corn futures rallied another 15 to 28 ¼ cents on Monday to start the week on a bullish note. July climbed back over $8, with Dec back above $7.50. After the close, NASS released their weekly Crop Progress report tallying the US corn crop at 49% planted. That was slightly...

Headline News


Business Hours

 

 OFFICE HOURS

 Telephone:  605-873-2288

  

 

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        
Oats        
Quotes are delayed, as of May 17, 2022, 06:18:18 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 May 17, 2022, 06:18:18 AM CDT or prior.


The CME Group Intercontinental Exchange