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Slide 1
Quality Service.
Valuable Programs.
At Stateline Cooperative, our grain programs and services are always designed with you in mind.
Crop Averaging
Crop Averaging
"Base hits over home runs."

Designed to market new crop bushels during the time of year when prices are historically strong, the producer contracts part of their expected new crop production. During the designated period, SLC will price a portion of the bushels every marketing day, at the closing future prices.

Slide 3
Crop Net Income Comparison 2022
Take advantage of our breakeven analysis spreadsheet, developed to help you plan for crop year 2022.


Corn North Burt: up 12 @ $ 4.53

December corn held true to history and closed higher the day after the September stocks report.  It has climbed back to the upper end of the trading range it’s been in since the end of August but stayed within Friday’s trading range.  Overall, an impressive day in the corn market with fresh business, spillover support from wheat, and despite the soaring dollar. Today’s rally was the largest one-day gain since late July.

  • USDA announced the sale of 210 tmt or 8.26 million bushels of corn to Mexico this morning.
  • Weekly export inspections were 625.9 tmt vs. 500-850 tmt estimated.
  • Corn harvest is 23% vs. 21% average and 25% estimated.  82% of the crop is mature vs. 75% average.
  • IGC reports Brazil’s corn planting is 18% complete.  Argentina’s ag ministry says its corn is 9% planted, but it needs more rain.
  • Brazil said they exported 8.75 mmt of corn in September vs. 6.42 mmt last year.
  • Funds bought an estimated 10K contracts today.
  • 2023 corn: Support at 475 ½, then the lower Bollinger Band at 472, then 467 ¾. Resistance at 490 ¾, then the 50-day MA at 492 ¾, then 500. Contract high is 679 ¼ and contract low is 374 ½.
  • CZZ23/CH24 carry at 15 cents.  The widest it’s traded has been 16 ¼ cents.  This spread has been flat, but we haven’t seen any harvest pressure yet.

 Soybean: up 2 @ $12.12

Soybeans managed to recover overnight and early losses as soyoil rallied.  However, November beans traded to their lowest since June 29th before buyers appeared.

  • Meal was weaker to a 3-month low with another 59 October deliveries this morning as it extended Friday’s losses.
  • December soyoil posted a key reversal higher today.
  • Weekly export inspections were 663.4 tmt vs. 350-750 tmt estimated.
  • The USDA announced the sale of 132 tmt or 4.85 million bushels of soybeans to China this morning.
  • US soybean harvest is 23% complete vs. 22% average and 25% estimated.  86% of the crop is dropping leaves vs. 77% average.
  • Today’s August NASS report showed 169 million bushels of soybeans were crushed vs. 171.6 million soybeans estimated.  Soyoil stocks were 1.353 billion pounds vs. 1.84 billion pounds estimated.
  • AgRural puts Brazil’s soybean planting at 5% complete.
  • Hearing there’s a 25-boat line-up in the PNW, no word on the commodity split.
  • Board crush margins were mixed with ZZF slightly higher and FFF lower.
  • Brazil said they exported 6.4 mmt of soybeans in September vs. 4.0 mmt last year.
  • Funds were buyers of an estimated 3K beans and 6K soyoil today while selling an estimated 4K meal.
  • 2023 soybeans:  Support at 1262 ½, then 1256 ¾.  Resistance at 1298 – 1300, then 1307. The contract high is at 1448 ¼ and the contract low is at 858.
  • SX23/SF24 carry at 19 ½ cents.  The widest it has traded is 20 ½ cents.  Consider putting fresh new crop hedges in the deferred months.