Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 20 348'2 349'0 347'0 349'0 6'4 342'4 09:06P Chart for @C0N Options for @C0N
Sep 20 349'2 350'0 347'2 349'4 6'0 343'4 09:06P Chart for @C0U Options for @C0U
Dec 20 359'4 360'0 357'0 359'0 5'4 353'4 09:06P Chart for @C0Z Options for @C0Z
Mar 21 370'0 371'2 368'4 370'0 5'0 365'0 09:06P Chart for @C1H Options for @C1H
May 21 376'2 376'6 374'0 375'2 4'4 370'6 09:06P Chart for @C1K Options for @C1K
Jul 21 380'0 380'4 378'0 379'2 4'4 374'6 09:06P Chart for @C1N Options for @C1N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 20 897'4 898'4 897'2 898'0 5'4 892'4 09:06P Chart for @S0N Options for @S0N
Aug 20 896'0 899'4 895'6 899'2 8'0 891'2 09:06P Chart for @S0Q Options for @S0Q
Sep 20 895'2 899'6 895'2 899'4 9'4 890'0 09:06P Chart for @S0U Options for @S0U
Nov 20 903'0 907'6 902'4 907'2 10'4 896'6 09:06P Chart for @S0X Options for @S0X
Jan 21 906'6 912'2 906'6 911'4 10'2 901'2 09:06P Chart for @S1F Options for @S1F
Mar 21 900'0 905'4 899'6 905'0 10'2 894'6 09:06P Chart for @S1H Options for @S1H
May 21 897'0 903'2 897'0 902'6 10'4 892'2 09:06P Chart for @S1K Options for @S1K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 20 498'2 499'0 486'4 486'4 -8'6 490'0s 08:59P Chart for @W0N Options for @W0N
Sep 20 494'0 496'4 493'4 495'6 3'6 492'0 09:06P Chart for @W0U Options for @W0U
Dec 20 501'6 504'0 501'2 503'4 3'6 499'6 09:06P Chart for @W0Z Options for @W0Z
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 20 97.600 100.150 97.150 100.050 2.100 99.400s 07/02 Chart for @LE0Q Options for @LE0Q
Oct 20 100.850 103.400 100.625 103.350 2.000 102.675s 07/02 Chart for @LE0V Options for @LE0V
Dec 20 104.500 106.500 104.375 106.400 1.425 105.925s 07/02 Chart for @LE0Z Options for @LE0Z
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 20 3128.90 25.80 3128.90s 07/02 Chart for SP0U Options for SP0U
Dec 20 2835.50 25.80 3118.50s 07/02 Chart for SP0Z Options for SP0Z
@NQ - E-MINI NASDAQ 100 - CME
Month Open High Low Last Change Close Time More
Sep 20 10352.00 10486.25 10308.75 10478.25 122.50 10355.75 09:07P Chart for @NQ0U Options for @NQ0U
Dec 20 10331.00 10475.00 10322.75 10475.00 129.75 10345.25 09:07P Chart for @NQ0Z Options for @NQ0Z
@YM - E-MINI DOW JONES $5 - CBOT
Month Open High Low Last Change Close Time More
Sep 20 25723.00 26037.00 25438.00 26015.00 256.00 25759.00 09:07P Chart for @YM0U Options for @YM0U
Dec 20 25618.00 25911.00 25400.00 25872.00 233.00 25639.00 09:07P Chart for @YM0Z Options for @YM0Z
My Custom Markets
Symbol Open High Low Last Change Close Time More


Announcements

6/12/20

6/3/20
Starting 1/21/20 free DP on Corn & soybeans to Brunswick/Corder/Slater ONLY.
Must be sold by Aug 31. Off farm price paid if available.


6/3/20
2018/2019 Patronage amounts released. (Click Here)

Patronage 2019 2018 2017 2016 2015 2014
Grain (¢/bu) 15.39 15.37 18.12 16.5 29.0 15.4
Drying/Storage 5.0% 5.0% 6.0% 15.6% 30% 28%
Inputs/Services 5.0% 5.0% 5.0% 7.8% 10% 5%
 


 


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Richmond, MO
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Daily Market Commentary
 
6/24/20


Corn down 1, beans down 4, wheat down 5

Crude Oil- 38.01 down 2.36
 
US Dollar- 97.19 up 544

DOW- 25,445 down 710
                      
 
Here we are, the third Monday in a row! Beans closed the day down 4 with corn down a penny, wheat down 5. Weather models look damp for the next week to 10 days with showers coming in this weekend. The corn and beans will welcome the showers, most times when we get an inch or even half an inch of rain in late June nobody is going to turn it down. Brazilian currency was lower today and so that pressured the grains. The stock market nosedived today on talk of increased coronavirus cases. There’s more than enough in the way of politics to go around, we’re living in a time that you can’t blink without it being political. The Chinese were quiet today, and from what we know the Brazilian’s have sold everything they can until their new crop is harvested and so for now anyway the Chinse are having their hand forced and will likely have no other option than to buy US origin beans. There’s absolutely no news on any sort of momentum with the second phase of the trade deal, and if you look at Peter Navarro’s comments maybe we won’t! Who the heck knows. The stock market was down 700+ points today on news of increased coronavirus cases. Other countries are sending people home for a second time because of the increase of cases. I’m just going to say this; there are HUGE implications to just putting our heads in the sand, not working, expecting unemployment, etc. I mean who pays that bill at the end of the day?! We’re going to be lucky if states themselves don’t go bankrupt. Summer vacations generate A LOT of revenue for states, but vacations have been canceled because everyone is so scared to blink wrong. I just don’t see how we can allow for shutting the country down AGAIN. Why does this matter Ali? Why are you talking about this Ali? This doesn’t matter Ali! WRONG! If you think shutting down ethanol plants, slaughter houses, feed lots, processing facilities is going to do anything good for commodity prices alone not to mention your 401k you’re wrong. The new crop corn carryout number is MASSIVE! 3+ billion bushel. So yea, lets shut down ethanol plants let the corn pile up some more, lets shut down the processing facilities which in turn shuts down the feed lots, why on earth would anyone dump feed down an animal’s throat only to have nothing to do with them when they’re finished. SO, what happens then when there’s more corn on hand and less demand… what happens to the market?! IT GOES DOWN! Here’s my idea, lets cancel the presidential election until the coronavirus goes away. It’s only fair, I mean people are too concerned to go out and vote, we can’t trust the government to count the number of coronavirus and report them properly so why on earth would we then trust them to count mail-in ballots? I think we ought to cancel the election until the virus clears…. I’ll bet within 10 days there would be a MASSIVE decline in cases.
 
Have a good night everyone!
 
Ali
 
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