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.
SLC Coronavirus Plan - November 11, 2020
Due to the recent increase of the coronavirus cases in the area and within SLC the following actions will be implemented to minimize employee and customer exposure.
- Effective immediately all SLC offices will be closed to outside customers and vendors.
- All offices are to have doors locked during business hours to limit entry.
- No in person internal or external meetings should be conducted.
- All employees are asked to not visit other locations, shops or facilities unless absolutely necessary.
- Transportation drivers should avoid office entries if possible.
- All SLC employees are asked to review and follow the SLC Covid decision tree guidelines.
The above policy will take effect today and remain in place until further notice. This policy will be reviewed on an as needed basis.
StateLine Cooperative Afternoon Comments December 2nd
Corn North Burt: up 3 $3.93
The corn market bounced higher after weakness the past few sessions, as overnight fund selling began to wane.
- Closes: March at $4.23 ½, up 2 ¾ cents, July at $4.26, up 2 cents, Red December at $4.07 ¾, up ¾ cent.
- Gulf premiums were unchanged for December.
- Trade estimates for weekly export sales: 800 tmt-1.6 mmt.
- Weekly ethanol production declined 16k barrels per day to 974k barrels per day. Stocks saw another slight increase to 21.2 million barrels (levels not seen since last June).
- Algeria tenders for optional origin corn.
Soybean: down 9 @ $10.93
The soybean market saw continued weakness on forecasts for more favorable weather conditions in the dry areas of Brazil. Bouts of profit taking, and fund long liquidation were noted throughout the session. Sizable fund length in the soybeans leaves the market vulnerable to additional selling. Prices drew underlying support from domestic crusher demand.
- Closes: January at $11.53, down 9 cents, March at $11.54 ¾, down 8 ¼ cents, July at $11.49, down 9 ½ cents, November at $10.31 ¾, down 4 ¾ cents. The products were weaker with meal down 4-5 bucks and oil down 5 points.
- Gulf premiums were unchanged for December.
- The average trade estimate for tomorrow’s weekly export sales report: 400 tmt-1.2 mmt for beans, 100-300 tmt for meal and 8-40 tmt for soyoil.
- Beneficial rains are forecast for Brazil over the next week while Argentina looks to be a bit drier over the next couple of weeks.
- The canola market traded 2-3 bucks lower on profit talking after yesterday’s rally and weakness in the US soyoil market.
U, U (50522)
Forecast
