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.


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Futures

Symbol Last Open Close High Low Change
CORN
May '19 @C9K 3.7175 3.7150 3.7125 3.7200 3.7125 0.0050
Jul '19 @C9N 3.8125 3.8075 3.8075 3.8125 3.8050 0.0050
Sep '19 @C9U 3.8775 3.8750 3.8750 3.8800 3.8725 0.0025
SOYBEANS
May '19 @S9K 9.0325 9.0275 9.0400 9.0375 9.0200 -0.0075
Jul '19 @S9N 9.1700 9.1600 9.1750 9.1725 9.1600 -0.0050
Aug '19 @S9Q 9.2325 9.2175 9.2375 9.2350 9.2175 -0.0050
SOYBEAN MEAL
May '19 @SM9K 310.5 310.1 310.8 310.6 309.3 -0.3
Jul '19 @SM9N 314.1 314.0 314.3 314.2 313.0 -0.2
Aug '19 @SM9Q 315.4 315.1 315.9 315.6 315.1 -0.5
WHEAT
May '19 @W9K 4.5750 4.5675 4.5650 4.5800 4.5600 0.0100
Jul '19 @W9N 4.6375 4.6250 4.6275 4.6400 4.6250 0.0100
LIVE CATTLE
Apr '19 @LE9J 129.125 128.550 129.125 129.950 128.175 0.800
Jun '19 @LE9M 122.725 122.575 122.725 124.225 121.975 0.150
LEAN HOGS
Apr '19 @HE9J 70.825 71.250 70.825 71.825 69.900 -0.200
May '19 @HE9K 79.150 80.000 79.150 80.000 78.150 -0.525
DTN Click here for info on Exchange delays.

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Select Pricing Program Bi-Weekly Updates
John Stewart & Associates, February 22, 2019 Comments

To all,
 
The market has felt like it was more volatile this week, but when you look at corn barely up a penny on the week and soybeans up a nickel you quickly see the market has accomplished very little.  The exception would be wheat which is off 16-18c on the week as world values continue to view US offers too high.  We got a whole host of information from the USDA in their Ag Outlook Conference which did very little to change the sentiment of the market.  The bottom line with the data from the Outlook Conference is the corn balance will stay similar to fractionally tighter than this year while soybeans do very little to shrink the burdensome supplies plaguing the market this year.  The key fundamental topic over the next few months will be US acreage intentions quickly followed by actual planting pace and spring weather.  Very little fieldwork was done last fall and a vast majority of the corn belt is very wet.  To make matters more concerning the forecast into the next 30 days continues to bring a steady line of storm systems across the corn belt.  This is making an already nervous group of producers even more concerned on just how challenging this spring will be.  Our bias for corn remains the be a buyer on dips whereas soybeans we prefer to be a seller of pops in the market.  The ratio between soybeans and corn is 2.375 today which is calculated by dividing soybeans over corn (9.55/4.02).  Historically, a ratio in the 2.3-2.4 range is considered neutral.  If we are going to see a larger increase in corn acres at the expense of soybeans this ratio needs to decline to sub 2.2 in our view.  If corn stays at 4.02 then soybeans would need to go to 8.85 to achieve a 2.2 ratio.  Conversely, if beans stayed the same at 9.55 corn would need to go to 4.34 to achieve the same relationship.
 
In the world of trade politics, the market has very little definitive change.  But, the headlines out this week give the appearance we are closer to a trade pact with China.  China’s statements about their willingness to buy large amounts of US Ag and Energy products is a positive influence.  However, the market seems to be very reluctant to march higher on headlines.  In the past several months buying headlines on the China-US negotiation has not been profitable it the ag commodity world.  Our view remains that a trade deal with China will get done, but it will likely take longer than the March 1st deadline to get any specifics on the deal.  This is likely still 30-60 days away.  We also must be aware that a headline from this administration suggesting the negotiations have taken a turn for the worse will take the air out of the market and pressure ag commodity futures.  This type of headline risk either bullish or bearish is still very real in the coming weeks.
 
In the JSA Select Pricing™ program there were no new trades in the past 2 weeks.  We continue to look to re-own CZ9 in the mid-3.90’s and did get very close to buying that back this week.  When the market breaches the $4.05 area to the upside we will likely layer on another round of sales in all delivery periods selling the carry in the market.  In soybeans we are likely still 50c or more away from comfortably re-owning any summer or fall sales on the books presently.  We are also nearly 20c away from entering new sales for new crop. 
 
Please note we have changed the format of our attachments to this e-mail.  As we get into overlapping crop years and program years we feel this new format is streamlined and would cause less confusion.  Going forward we will have 1 attachment for corn, soybeans, and wheat reflecting all delivery periods and for each open crop year.
 
Brian Burke
John Stewart & Associates
 

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:

Central Office
Mike Moellenbeck
563-285-1720
mmoellenbeck@rivervalleycoop.com

Kale Petersen
563-285-1736 
kpetersen@rivervalleycoop.com

Bridgett Wildermuth
563-285-1719 
bwildermuth@rivervalleycoop.com

Galva Office
Scott Sallee
309-932-2081 ext. 223
ssallee@rivervalleycoop.com

Olin/Martelle Offices
Phil Knuth
Olin 319-484-2341 / Martelle 319-482-3101
pknuth@rivervalleycoop.com

Ryan Office
Allison Ryan 
563-932-2101
aryan@rivervalleycoop.com