Announcements
 Assumption Cooperative Grain Company
217-226-3213
 Seasonal Average Forward Price Contract
 
Assumption Cooperative Grain Company is offering a seasonal average forward price contract for corn and soybeans for Fall 2018 delivery.  Please contact us to offer bushels into this program.
 
Forward contracting grain typically results in a higher price than waiting to sell at harvest or after harvest.  This has especially held true the last three years.  While no one knows for certain what this year will bring, the current supply of corn and soybeans would suggest that the current market trend will continue and you should be contracting ahead.  By offering some bushels in the seasonal average forward price contract will eliminate the price guessing for those bushels.
 
The parameters for this contract are:
  1. Offer a specific bushel quantity of corn and/or soybeans to be priced during the pricing period.
  2. Pricing will occur at the Fall delivery closing bid each Tuesday from 2/6/18 through 7/17/18.  This is a period of 24 weeks. Each Tuesday, 1/24th of the offered bushels will be priced.
  3. A confirmation will be sent each week indicating that week’s price and the average contract price to date.  At the end of the pricing period, one contract will be issued for the bushels and average price for Fall delivery.
  4. There is no fee for flat price contracts.
  5. There is a 2 cent per bushel fee if you elect to lock in futures only (Hedge To Arrive) each week.
  6. The deadline to offer bushels is Monday, 2/5/18.

Futures
@C - CORN - CBOT
Month Last Change Open High Low Close Time More
Mar 18 352'4 1'0 351'4 354'0 351'2 352'4s 01/19 Chart for @C8H Options for @C8H
May 18 361'0 1'2 359'4 362'2 359'2 360'6s 01/19 Chart for @C8K Options for @C8K
Dec 18 386'0 0'6 384'6 387'0 384'4 385'6s 01/19 Chart for @C8Z Options for @C8Z
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
Mar 18 975'0 4'2 972'4 982'6 972'0 977'2s 01/19 Chart for @S8H Options for @S8H
May 18 986'4 4'2 983'2 994'0 983'2 988'4s 01/19 Chart for @S8K Options for @S8K
Nov 18 994'2 1'6 993'2 1001'4 992'2 996'0s 01/19 Chart for @S8X Options for @S8X
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
Mar 18 423'2 -2'4 425'2 427'2 421'4 422'6s 01/19 Chart for @W8H Options for @W8H
Jul 18 450'0 -2'4 451'2 453'0 447'4 448'6s 01/19 Chart for @W8N Options for @W8N
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Mar 18 26057.00 105.00 25944.00 26086.00 25876.00 26046.00s 01/19 Chart for @YM8H Options for @YM8H
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments
1-19-18

 
   
  

 Nearby corn futures closed a penny higher, with the March contract gaining 6 ¼ cents on the week. This is the highest close for corn on the weekly chart since mid-Oct. Funds were noted as small buyers again today as they have been short covering a little of their large net short position this week. The commitment of traders report showed the corn funds were net short 226,876 contracts, and increase of 4,360 contracts. This data is as of last Tuesday. Support this week surrounded on talk of lower areas and less than desirable weather conditions in South America. Argentina needs some rain and the 2nd crop in Brazil is off to a little bit of a slow start. Next week will bring more talk of weather and watching the fund short position. Fundamental news is rather routine now that the January report is behind us. The next USDA report is Feb. 8th.   

 

 Soybeans finished firmer again today, now making it 5 sessions in a row.  From the low on Jan. 12th, March beans are trading nearly 33 cents higher. For the week, March beans gained 16 ¾cents.Over that same time frame, March bean meal is trading some $21off its low.  The weather inArgentina has been most of the catalyst for the strength as some more rain is needed there.  Meal is gaining due to the fact thatArgentina is expected to export 46% of the world’s meal this marketingyear.  March beans closed over the two week high of $9.77, with resistance now seen at $9.80.  The commitment of traders this afternoon showed the bean funds at net short 103,397 contracts, up 10,562 contracts on theweek.  That position is likelylighter as the funds have beingcovering a few shorts late this week. Next week will bring more talk of the South American weather and the improving technical picture.     


News from the Coop
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