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
Mar 21
500'2
-23'6
522'4
522'6
499'2
500'4s
06:57P
May 21
502'2
-23'2
524'6
524'6
501'2
503'0s
06:57P
Dec 21
432'0
-18'4
447'6
447'6
428'2
430'2s
06:54P
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Mar 21
1309'6
-58'4
1367'0
1367'0
1305'2
1311'6s
06:57P
May 21
1309'2
-57'0
1365'6
1365'6
1305'0
1311'6s
06:54P
Nov 21
1114'0
-56'4
1165'0
1165'0
1103'2
1112'0s
06:57P
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Mar 21
635'0
-26'2
658'4
659'0
633'0
634'4s
06:56P
Jul 21
624'2
-23'6
645'0
645'4
622'0
624'0s
06:54P
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Mar 21
30981.00
72.00
30920.00
30993.00
30913.00
30909.00
06:57P
My Custom Markets
Symbol
Last
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Closing Market Comments
1-22-20
Corn
The corn market was sharply lower today with CH down 23 ¾ cents and CK tumbling 23 ¼ cents. CZ lost 18 ½ cents as corn failed to post a weekly gain for the first time in six weeks. Heavy selling by commodity funds, estimated at 34,000 corn contracts as of midday, drove prices sharply lower. Some of the selling was linked to margin calls related to this week’s sell-off. Today’s price decline left CH 31 cents lower for this holiday shortened trading week with CK losing 31 ¾ cents. Improving weather in South America, has also weighed on corn (and soybean) futures this week. Talk of rising Covid 19 cases in a number of countries has heightened worry about a global economic recovery. A story late yesterday that a new strain of African swine flu has infected hogs at one of China’s largest pork producer was a negative factor in today’s trade. This morning’s export sales report showed another week of strong sales with 2020/21 corn sales of 57 million bu. Marketing year to date sales have now topped 1.8 billion bu. and have reached 72% of the USDA projection. The friendly sales report was all but ignored by traders. The weekly ethanol production and inventory numbers were considered neutral as production was slightly higher and inventories slightly lower compared to a year ago. Ethanol production last week was 10% less than the second week of 2020.
Soybean
Soybeans suffered their biggest single day loss in over six months as SH tumbled 58 ½ cents and SK sank 57 cents. Like corn, most of the soybean weakness was attributed to heavy selling by commodity funds, as they had sold an estimated 22,000 soybean contracts as of midday. This was the first week since late December that soybeans did not move higher. The news of the discovery of a new strain of African swine flu infecting about 1000 hogs at a Chinese farm added to today’s bearish tone. Traders ignored a friendly export sales report and a flash sales announcement of 136,000 MTs of 2020/21 U.S. soybeans to China. The weekly export sales report contained old crop soybean sales of 67 million bu. with new crop sales reported at 31 million bu. Total 2020/21 soybean export sales are now 2.108 billion bu. or 95% of the USDA marketing year projection. Unless some of these sales are eventually cancelled, it appears that the projection will need to be increased.
News from the Coop
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