News

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 August 13, 2020, 11:22:21 AM CDT



SLC Commentary

Stateline Morning Comments August 12th 2020

Corn Steady @ 2.65

Corn futures traded quietly overnight in a penny and half range.

UGA lowered their estimate for the Ukrainian corn crop from 38.9 mmt to 36.4 mmt. They also lowered their projected corn exports for the 2020/2021 crop year from 33 mmt to 31 mmt.

On China’s Dalian exchange corn was off ¼ cent last night, trading at 2226 yuan per tonne.

 

Beans Steady @ 8.11

Soybeans were lower overnight, challenging support at $8.66 ½. Products were mixed, with soybean oil up 20 points at $0.3082. While soybean meal was off $0.60 per ton at $283.50 per ton.

Analysts are expecting the USDA to raise ending stocks for 20/21 to 524 million bushels, up from last month’s 425 million bushels. 

September soybeans on China’s Dalian futures exchange were off 6 ¼ cents last night settling at 4,692 yuan per tonne. Soybean meal was off $1.30 per tonne trading at 2,851 yuan. Palm oil traded at 5,494 up 78 yuan.



Forecast
Burt, Iowa (50522)
Current Conditions Sunny
Temperature 82°F
Dew Point 79°F
Pressure 30.02 in. Hg
Humidity 89%
Wind 9 mph
From South


Forecast



The CME Group Intercontinental Exchange