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
May 21 537'0 1'6 535'0 538'2 533'4 535'2 12:59A Chart for @C1K Options for @C1K
Jul 21 525'6 1'6 522'6 526'6 522'4 524'0 12:59A Chart for @C1N Options for @C1N
Dec 21 474'6 1'2 473'4 476'4 473'4 473'4 12:59A Chart for @C1Z Options for @C1Z
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
May 21 1411'2 3'6 1409'0 1415'4 1405'0 1407'4 12:59A Chart for @S1K Options for @S1K
Jul 21 1395'4 4'0 1392'0 1399'4 1388'4 1391'4 12:59A Chart for @S1N Options for @S1N
Nov 21 1227'2 3'2 1224'0 1229'6 1220'6 1224'0 12:59A Chart for @S1X Options for @S1X
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
May 21 660'0 4'0 654'6 660'4 653'0 656'0 12:59A Chart for @W1K Options for @W1K
Jul 21 649'2 2'6 645'6 650'0 643'6 646'4 12:59A Chart for @W1N Options for @W1N
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Mar 21 31175.00 - 61.00 31259.00 31273.00 30989.00 31236.00 12:59A Chart for @YM1H Options for @YM1H
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments

3-3-20

Corn

 Corn was moderately lower here at mid-week with CH losing 10 ½ cents, CK off 9 ¾ cents, and CZ down 2 ¼. Commodity funds were notable sellers today with sales as of midday estimated at 9500 corn contracts. Expectations that tomorrow’s export sales report will confirm slowing export demand weighed on corn as traders expect 2020/21 sales to be near 23.5 million bu. which would be double the average weekly amount needed to reach the USDA’s export projection, but well below the weekly sales totals posted the majority of the current marketing year. U.S. weather is also somewhat negative as the southern states are expected to dry out the next week, allowing corn planting to begin. Although it was largely ignored, the weekly EIA energy report contained encouraging ethanol news with production last week up 29% compared to the previous week and with ethanol inventories down 360,000 barrels. Gasoline demand increased 13% as travel begins to pick up. With more states removing Covid restrictions completely and the prospects of a large percentage of Americans being vaccinated by early summer, it appears that ethanol demand will rise significantly the next several months. For now, however, concern about export demand is the bigger market factor.

Soybean

Soybeans were lower today, although settlement prices were well above session lows. SH was 3 ¼ cents weaker, SK dropped a nickel, and SX tumbled 5 ¾ cents. Commodity funds were sellers of an estimated 5000 soybean contracts during Wednesday’s session. Slowing export demand weighed on soybeans today as traders expect tomorrow’s export sales report to show 2020/21 sales of just 11 million bu. as most business migrates to southern hemisphere countries. Also weighing on soybeans today were reports of additional African Swine Flu cases in hogs in southwestern China. Brazilian producers were said to be active sellers of soybeans today as they took advantage of the stronger Dollar. Losses were limited by concern about Brazilian and Argentine production. The U.S. attache in Buenos Aires estimated the Argentine soy crop at 47.5 MMTs down 500,000 MTs from the USDA’s February projection. Hot and dry conditions that are currently in place across nearly all of Argentina are threatening to cut production further. Just 15% of Argentine soybeans are rated in good or excellent condition compared to 64% a year ago. In northern Brazil, frequent rains have slowed the harvest pace to a ten-year low and have led to poorer than usual soybean quality.


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Assumption, IL
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Local Forecast
Assumption, IL
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High: 55°F
Low: 32°F
Precip: 0%
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Low: 28°F
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Low: 27°F
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Local Conditions
Assumption, IL
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Temp: 39oF Feels Like: 39oF
Humid: 82% Dew Pt: 34oF
Barom: 30.16 Wind Dir: NE
Cond: N/A Wind Spd: 3 mph
Sunrise: 6:24 Sunset: 5:52
As reported at Myer’s Farms, IL at 12:00 AM
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