Grain

Go With The Grain At River Valley

If you’re going to take full advantage of high grain prices, it helps to have a partner who can help you navigate today’s volatile grain markets.

Count on River Valley Cooperative for basis contracts, minimum price contracts, hedge-to-arrive contracts, price-later contracts, priced-forward contracts, deferred payment contracts, direct deposit of grain checks, grain hauling services, and grain market insights.

River Valley provides two grain delivery options for marketing your grain, including:

  • More than 27 million bushels of licensed storage space at our 14 elevator locations. Our facilities at Olin, Dewitt, Ryan, and Martelle are equipped with 15,000 to 30,000 bushels per hour of receiving capacity. Two locations (Galva and Sunbury) are connected with feed mills that utilize 25,000 bushels of corn per day. 
  • A direct-ship program that allows you to ship grain to local terminals. Bushels can be delivered to a number of delivery points through different freight options. The same marketing options that are available for grain hauled into our elevators are also available on direct-ship bushels. We offer multiple delivery points and can price the grain either delivered or as farm pick-up.
  • If you’re going to take full advantage of high grain prices, it helps to have a partner who can help you navigate today’s volatile grain markets.


​2019 GRAIN POLICIES
Iowa Grain Policies
Illinois Grain Policies

ACH Authorization Form

Grain Bids


Change Location
CORN  
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
Jul
326'2
@C0U 0.0300 3.2925 07/14/2020 10:51:00 PM CST
 0'2
Oct
333'6
@C0Z -0.1900 3.1475 07/14/2020 10:50:00 PM CST
 0'0
Nov
333'6
@C0Z -0.0800 3.2575 07/14/2020 10:50:00 PM CST
 0'0
Dec
333'6
@C0Z -0.0500 3.2875 07/14/2020 10:50:00 PM CST
 0'0
 
SOYBEANS  
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
Jul
881'0
@S0Q 0.0300 8.8400 07/14/2020 10:51:00 PM CST
 3'0
Oct
880'0
@S0X -0.1500 8.6500 07/14/2020 10:52:00 PM CST
 2'4
Nov
880'0
@S0X 0.0100 8.8100 07/14/2020 10:52:00 PM CST
 2'4
Dec
886'0
@S1F -0.0500 8.8100 07/14/2020 10:51:00 PM CST
 2'6
Mar
883'2
@S1H -0.2000 8.6325 07/14/2020 10:52:00 PM CST
 2'6

Futures

Symbol Last Open Close High Low Change
CORN
Jul '20 @C0N 3.3475 3.3400 3.3475 3.3650 3.2450 0.0075
Sep '20 @C0U 3.2625 3.2600 3.2600 3.2775 3.2575 0.0025
Dec '20 @C0Z 3.3375 3.3350 3.3375 3.3550 3.3325 0.0000
SOYBEANS
Jul '20 @S0N 8.8225 8.8225 0.0575
Aug '20 @S0Q 8.8100 8.7925 8.7800 8.8225 8.7900 0.0300
Sep '20 @S0U 8.7725 8.7575 8.7425 8.7850 8.7525 0.0300
SOYBEAN MEAL
Jul '20 @SM0N 283.7 284.2 283.7 285.3 284.2 0.6
Aug '20 @SM0Q 285.5 285.9 285.2 286.1 285.1 0.3
Sep '20 @SM0U 288.2 288.3 287.6 288.6 287.7 0.6
WHEAT
Jul '20 @W0N 5.2475 5.2475 0.0000
Sep '20 @W0U 5.2850 5.2700 5.2675 5.3150 5.2675 0.0175
LIVE CATTLE
Aug '20 @LE0Q 98.800 99.575 98.800 99.950 98.550 -0.850
Oct '20 @LE0V 103.100 104.200 103.100 104.250 102.900 -1.100
LEAN HOGS
Jul '20 @HE0N 46.800 46.575 46.800 46.950 46.550 0.125
Aug '20 @HE0Q 49.925 50.775 49.925 51.675 49.700 -1.350
DTN Click here for info on Exchange delays.

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Select Pricing Program Bi-Weekly Updates
John Stewart & Associates, June 12, 2020 Comments

In the time since our last update we have had a WASDE report and we have done some pricing. The WASDE yesterday was a non-event for corn as old crop ending stocks came in at 2.103 billion bushels vs expectations for 2.150 billion bushels as compared with 2.098 billion bushels in May. Soybeans were slightly more friendly than corn as ending stocks came in at 395 million bushels compared to expectations for 426 million bushels and 405 million bushels in May. US wheat continues to be burdensome coming in at 1.877 billion bushels vs expectations for 1.85 billion bushels and 1.866 billion bushels in May. Now that the WASDE is out of the way the market is shifting into a weather market. It would be most unusual to go through an entire summer with a big managed money short and just as unusual to have a summer without at least one weather concern of note. Todays COT report showed that managed money traders continued selling corn for the 10th consecutive week, shorting a net 15,666 contracts to bring the group to a net short of 301,873 contracts. For reference the record short for this group of traders is 344,185 contracts. There isn’t near the story in funds for soybeans and wheat like corn. Managed money was a net buyer for soybeans purchasing a net 11,998 contracts, bringing the net long position to 19,132 contracts. Managed money purchased 5,432 contracts of Kansas City Wheat as they are net long.
 
On 6/1 we entered into an option strategy for corn with the goal of collecting premium with downside protection. Our opinion is that corn will continue to struggle to move materially higher, but also has little reason in June to fall like a rock. Our trade put on was to sell a July straddle which essentially collects premium with the erosion of time and a market that goes mostly sideways. The July options only have 14 days of time left so time decay will start to kick in more rapidly throughout June. In addition to selling a straddle we bought a slightly out of the money July put just in case this market does come off harder than we think on improving weather and Chinese tensions rising. If the market were to move materially higher to the point this strategy would not collect any premium December futures would be just above 3.50 which is where we need to be entering into futures hedges anyway in our view. The JSA Select trade we did was selling the 3.25 July straddle and buying the 3.15 July put collecting ~11.75 cents. The trade has been put on against all unsold corn bushels for this fall and 50% of the bushels for the winter program. The results of the strategy will be known on or before 6/26 when July options expire.
 
On 6/2 Today we entered into a futures hedge for 50% of our fall 1 year and 2 year bean positions by selling futures at 8.60. It is very hard to see a major rally in the near term as we are still early into the soybean growing period, but new lows don’t seem likely either in the next 30-60 days. As they always say August weather is what makes the soybean crop. It is likely that if we move back to the lower end of the sideways range we will re-own this position. Additionally we have orders working for another 25% of the production at 8.89, and are looking to price another 25% around 9.15 which is just under the 200 Day Moving Average which it has not traded above since back in January.
 
According to T-Storm our weather guy, coolness in the Corn Belt contrasts with mildness in the Plains over the next few days. Sharp warming unfolds from west to east early next week in response to an approaching system, but warmth does not last more than a few days as the system drags a cool front through the central U.S. over Wednesday-Friday (June 17-19). Scattered thunderstorms form along the front, but well-organized rainfall is not expected. More importantly, the cool front re-arranges the atmosphere such that additional cool fronts and systems can pass over June 20-26, which is why we are forecasting near-normal rainfall and temperatures over this period (0.50" to 1.50" most common), which should ease pockets of 14-day topsoil dryness and maintain 30-day subsoil moisture. As noted, 00Z European operational output was much drier than our forecast over the next 10 days, but it misplaced many key features, such that we expect future runs to correct and show better rainfall.
 
Hopefully before our next update we can see some disagreement in weather models to allow the market to rally, and give us some pricing opportunities.
 
Brent Baker
John Stewart & Associates

CORN UDATE 6/12/20
SOYBEAN UPDATE 6/12/20

River Valley Cooperative's MarketEdge Program 

Our program is designed to provide grain producers flexible pricing programs and delivery options based on the needs of your farming operation. Utilize futures and basis contracting to support pricing opportunities on grain marketing.  

We offer transportation and logistics support for timely and cost effective delivery to market.  In addition, utilize technology services aimed to improve the communication, execution and recordkeeping of your grain marketing supported by your Grain Marketing Team.  

    Communication
    • Receive emailed grain comments every morning and afternoon
    • Receive updates on government report data and market implications
    • Receive marketing bulletins and strategies

CLICK TO SUBSCRIBE

    Technology
    • River Valley Cooperative mobile-friendly website ­– rivervalleycoop.com
    • Sign up for direct deposit of grain settlements 
    • Receive contracts electronically and access to other customized reports
    • Sign up for text alerts via your mobile phone
    • Leave a price offer or sell grain electronically through the River Valley Cooperative/DTN Offer Portal and market grain 24 hours a day

NEW! Try our Equivalent Price Calculator Tool. Plug in your data into the shaded boxes on the downloadable spreadsheet to see the price equivalent on your crops.

    Marketing
    • 24-hour marketing capabilities
    • First access to HTA contracting, basis programs and other marketing opportunities
    • Best market pricing
    • Delivery options including farm pick-up programs

For more information on any of our grain services, contact River Valley’s grain marketing team:

Oliver Dion - Mt Joy – Grain Merchandiser
odion@rivervalleycoop.com
563-285-1737 (Office)
563-299-1640 (Cell)

Kurt Kramer - Mt Joy – Grain Originator
kkramer@rivervalleycoop.com
563-285-1712 (Office)
608-732-1233 (Cell)

Gretchen Nollman - Mt Joy – Grain Originator
gnollman@rivervalleycoop.com
563-285-1738 (Office)
309-714-0688 (Cell)
 
Bridgett Wildermuth - Mt Joy – Transportation & Grain Originator
bwildermuth@rivervalleycoop.com
563-285-1719 (Office)
309-945-6680

Scott Sallee – Galva – Grain Originator
ssallee@rivervalleycoop.com
309-932-2081 (Office)
309-853-7637 (Cell)

Phil Knuth - Martelle – Grain Originator
pknuth@rivervalleycoop.com
319-482-3101 (Office)
563-357-4835 (Cell)

Allison Ryan – Ryan – Grain Originator
aryan@rivervalleycoop.com
563-932-2101 (Office)
563-920-3405 (Cell)

Kale Petersen - Mt  Joy – Regional Sales Manager
kpetersen@rivervalleycoop.com
563-285-1736 (Office)
563-357-5903 (Cell)