Policy for Coronovirus covid 19 For Assumption Coop Grain Co.
Assumption Coop wishes to do our part in helping control the spread of Coronavirus. We want to help protect our customers, our employees and the communities we operate in.
Effective March 18, 2020 we will be restricting our company offices to our employees only.
Please contact us by phone if you wish to conduct business. We can mail documents to you or bring them out to your car.
Truck drivers please stay in your trucks while unloading and loading.
Futures
@C - CORN - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 20
339'6
-1'0
341'2
342'6
339'4
340'6
09:26P
Jul 20
344'2
-1'6
346'2
347'4
344'2
346'0
09:26P
Dec 20
356'0
-1'4
357'4
358'6
355'6
357'4
09:26P
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 20
876'4
-9'4
885'6
887'2
873'0
886'0
09:26P
Jul 20
880'0
-9'4
889'0
890'2
877'0
889'4
09:26P
Nov 20
871'2
-6'2
877'6
878'4
869'4
877'4
09:26P
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 20
569'2
0'4
567'2
571'6
567'0
568'6
09:25P
Jul 20
564'6
2'2
561'2
566'6
561'0
562'4
09:26P
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Jun 20
21502.00
- 249.00
21702.00
21702.00
21412.00
21751.00
09:27P
My Custom Markets
Symbol
Last
Change
Open
High
Low
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Closing Market Comments
3-31-20
CORN
Corn futures closed mixed with the nearby weaker and the 2021 contracts steady to higher. Today marked the usually highly anticipated acreage report, but it seemed to get a little lost in all the concerns around the virus and its impact on demand. Corn acreage today was estimated at 96.99 Mln., some 2.7 Mln. acres above the average estimate. It also came in about ½ Mln. acres above the highest individual estimate. All wheat acres were estimated at 44.65 Mln., just slightly below what the trade was looking for. Total planted acres of the principal crops came in at 319.1 Mln. acres, on par with 2018 numbers. While the corn acres number was much bigger than expected, the market reaction was somewhat muted. A lower than expected March 1st corn stocks number of 7.953 Bln. bu. (8.162 Bln. bu. expected) provided some underlying support, but the fact that the corn market was beat up going into today’s numbers probably contributed more than anything to the muted reaction. The nearby months of May and July were able to hold its recent lows, while Sept. and Dec. made new contract lows today. Slowing ethanol demand continues to keep a lid on corn prices. Crude oil was able to squeak out a small gain today. The weekly ethanol production report will be out tomorrow with lower corn usage amounts expected. North Dakota was estimated at 75% harvested versus 61% last month. Texas is 50% planted with Louisiana at 61% and Mississippi at 8% done.
BEANS Soybeans closed 2 to 3 cents higher today as the acreage report for beans was supportive. Soybean acres were estimated at 83.51 Mln., versus pre-report estimates of 84.69 Mln. The higher than expected corn acres meant that bean acres would have to be adjusted as well. The market reaction was subdued after more and more talk that corn acres may be too high due to the demand outlook change since the numbers were put together at the first of the month. Bean quarterly stocks came in near 2.253 Bln. bu., just slightly above trade estimates of 2.237 Bln. bu. With export demand expected to rebound again next marketing year due to the Phase 1 trade deal and crush a strong outlet for beans, the lower than expected bean acres today makes the bean balance sheet look less burdensome than the last couple of years. Cash and board crush margins continue to be supportive for near term bean demand. Concerns about grain movement disruptions in Argentina are also friendly for soybean meal and beans as Argentina is the #1 exporter of meal and the #3 exporter of beans.
News from the Coop
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