News

 

If you are a SLC member and are interested in running for the Board of Directors, please contact Renee at our main office at 515-924-3555. 

 

Covid – 19 Update # 6

As of Monday August 10, 2020 SLC Covid-19 policy change will include the following:

  • SLC staff will be allowed to conduct meetings with outside companies and individuals
  • All SLC offices will be open as normal
  • SLC staff will be able to meet internally

The current policy will be in place until situations change. This policy is in conjunction with the Covid-19 decision tree plan sent last week. Please stay safe. Thank you.



Futures
Quotes retrieved on September 29, 2020, 02:05:40 PM CDT



SLC Commentary

StateLine Cooperative Afternoon Comments September 28th 

 

Corn North Burt: up 1 $3.27

Corn prices opened lower but managed to claw their way back to positive territory. Harvest has begun across parts of the US Midwest.  Farmers are said to be reluctant sellers of corn with the newly harvested bushels heading for the farm bins for a later price rally. 

  • Closes: December at $3.67 ¼, up 2 cents, March at $3.75 ¾, up 2 ½ cents, July at $3.84 ½, up 2 cents.
  • Weekly export inspections were 807 tmt versus trade estimates near 650-900 tmt.
  • The December contract climbed above the $3.63 level but got stopped just short of $3.70 (high was $3.69 ¾).
  • Crop progress estimated at 17% complete (13-21) with conditions rated at 61% G/E.

 

Soybean: down 6 @ $9.36

Soybean prices dipped on mostly favorable weather conditions across much of the US Midwest. Harvest got started in earnest last week and looks to continue that way this week as well. Lines appear steady at the grain elevators and many of the elevators are getting filled up be for the trains arrive.   

  • Closes: November at $9.95, down 7 ½ cents, March at $9.95, down 6 ¼ cents, July at $9.98 ¼, down 3 ¾ cents. The products were mixed with meal down 4-5 bucks and oil up 27 points.
  • November and January worked higher overnight but failed to hold at or above the $10 area.
  • Weekly export inspections 1.2 mmt versus trade estimates of 1.1-1.4 mmt.
  • Crop progress estimated at 18% complete (14-23) with conditions rated 63% G/E.

         

 

 

          



Forecast
Burt, Iowa (50522)
Current Conditions Partly Cloudy
Temperature 63°F
Dew Point 41°F
Pressure 29.81 in. Hg
Humidity 45%
Wind 9 mph
From Southwest


Forecast



The CME Group Intercontinental Exchange