Announcements

StateLine is closing location at 10:00 a.m. on Friday January 17th to allow all employees to get home safely.  Call Dean Kohlmeyer at 515-320-1862 if you need to do any Grain contracting or Grain Business.


Futures
Quotes retrieved on January 18, 2020, 01:32:46 PM CST



SLC Commentary

Stateline Morning Comments January 17th 2020

Corn

  • The corn market is trading higher this morning, gaining back some of yesterdays substantial losses that brought corn down to a one month low.
  • South Korea’s KFA purchased around 66,000 tonnes of corn via tender at around $216.30 a tonne c&f.
  • Yesterday’s export sales for corn came in above trade expectations at 784,700 tonnes.

 

Soybeans

  • The soybean market was trading lower overnight, set to see the largest weekly loss in 5 months.
  • Weather patterns in Brazil are expected to change over the next 15 days, with rain moving to favor the northern regions rather than the southern. The rains will improve soil moisture; however, they will also delay harvest of soybeans in Mato Grosso and Goias.
  • Losses this week were due to a disappointing Phase 1 deal that left traders skeptical that China would make the promised large purchases of U.S agricultural goods.

 



Forecast
Burt, Iowa (50522)
Current Conditions Freezing Rain
Temperature 3°F
Dew Point 0°F
Pressure 30.04 in. Hg
Humidity 85%
Wind 25 mph
From Northwest


Forecast



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