Announcements


Until further notice, access to all Assumption Coop. Grain Company offices will be for employees only.  All business will be conducted via phone, electronic communication, or mail.  If you would like to pick up a check or paperwork, please contact us, and someone will bring it outside to you.
We ask that all truck drivers stay in their trucks when delivering or loading out grain.


 

Futures
@C - CORN - CBOT
Month Last Change Open High Low Close Time More
Jul 21 639'4 -4'2 642'2 643'4 633'0 643'6 11:19P Chart for @C1N Options for @C1N
Sep 21 554'4 -8'4 560'4 561'0 549'2 563'0 11:19P Chart for @C1U Options for @C1U
Dec 21 531'6 -11'0 540'0 541'0 527'0 542'6 11:19P Chart for @C1Z Options for @C1Z
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
Jul 21 1583'2 -3'0 1584'6 1590'0 1575'4 1586'2 11:19P Chart for @S1N Options for @S1N
Aug 21 1519'2 -8'2 1525'6 1529'0 1512'4 1527'4 11:19P Chart for @S1Q Options for @S1Q
Nov 21 1392'2 -8'4 1398'0 1403'0 1385'2 1400'6 11:19P Chart for @S1X Options for @S1X
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
Jul 21 694'2 -13'0 704'0 706'0 692'4 707'2 11:19P Chart for @W1N Options for @W1N
Sep 21 693'0 -13'4 701'6 704'0 691'4 706'4 11:19P Chart for @W1U Options for @W1U
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Jun 21 34218.00 - 100.00 34320.00 34374.00 34186.00 34318.00 11:19P Chart for @YM1M Options for @YM1M
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments

5-14-20

Corn

Corn traded both sides of unchanged today but ultimately ended the session lower. The lack of bullish surprises in Wednesday’s balance sheets sparked profit taking mid-week. Buying interest did resurface in the overnight trade but by late morning, fresh fund liquidation was noted- driving values lower. As of midday funds were estimated to have sold approximately 4,000 contracts of corn. For the week, CN21 lost 88 ½ cents and CZ21 lost 93 ¾ cents. Market news remains little changed. Brazil’s safrinha corn crop continues to struggle, as rainfall remains well below normal across much of Brazil’s 2nd crop growing regions. This was reiterated by USDA dropping Brazil’s 20/21 corn estimate by 7 MMT’s on Wednesday. While old crop corn cancellations were noted by China and unknown this week for the 20/21 marketing year, China was an active buyer of new crop corn. USDA confirmed another flash sale of 1,360,000 metric tons of U.S. corn to China for the 21/22 marketing year this morning. Rain and cool temperatures slowed U.S. planting progress this week. Current weather maps indicate warmer temperatures are in store for the Midwest, but they will be accompanied by an active storm pattern. Rains are expected to be moderate/heavy over the central and southern Midwest and drier in the Northern Plains. NASS will release updated planting progress numbers Monday afternoon.

Soybeans

Soybean futures ended the session mostly higher but were off from gains seen earlier in the day. Fresh buying interest resurfaced overnight as strong soybean oil demand along with concerns over dwindling U.S. bean stocks and the need to ration remaining supplies remains bullish. As of midday, funds were estimated to have bought approximately 5,000 contracts of beans. For the week, SN21 futures lost 3 ½ cents while SX21 futures were 32 ¾ cents lower. Fundamentals remain unchanged as both the 20/21 and 21/22 balance sheets remain tight and global oilseed values remain strong. While U.S. export bean business has slowed, as Brazil continues their active loading pace, the focus is now centered on the processor markets. Crush margins remain solid, largely due to strong soyoil basis levels. Brazilian bean harvest is winding down while soybean harvest in Argentina continues but is behind the normal pace. There has been talk circulating this week that 3 Brazilian bean cargoes are loading for the U.S. East Coast. Rain and cool temperatures have slowed U.S. planting progress this week. NASS will release updated planting progress numbers Monday afternoon.


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Local Radar
Assumption, IL
Chg Zip Code: 
 
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Local Forecast
Assumption, IL
Chg Zip:

Monday

Tuesday

Wednesday

Thursday

Friday
High: 70°F
Low: 60°F
Precip: 80%
High: 72°F
Low: 61°F
Precip: 80%
High: 81°F
Low: 63°F
Precip: 80%
High: 85°F
Low: 66°F
Precip: 65%
High: 86°F
Low: 66°F
Precip: 0%
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Local Conditions
Assumption, IL
Chg Zip Code: 
Temp: 61oF Feels Like: 61oF
Humid: 93% Dew Pt: 59oF
Barom: 30.06 Wind Dir: SE
Cond: N/A Wind Spd: 3 mph
Sunrise: 5:40 Sunset: 8:06
As reported at Myer’s Farms, IL at 11:00 PM
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