June 3, 2015
Grain Marketing Specialist
Make plans now to attend the informational meeting nearest you to learn about the Unification Agreement, which includes the Articles of Incorporation and Bylaws and details on the new cooperative.
Board members, management team members, Eide Bailly and legal representation will be present at all meetings to answer your questions. You may also cast your ballots at these meetings. Only Eide Bailly representatives will be allowed to accept your ballot at the meetings.
See list below for a meeting near you!!
Corn: 1-5 Lower
With a lower dollar yesterday, the corn market showed some life for most of the day. We did flirt with 3.60 resistance but more have 3.70 as a tougher point to cross. July closed up 6 at 3.59 and Dec up 7 at 3.76. This did not carry over to much in the overnight as the dollar rebound from afternoon session as we are slightly lower on the overnight session. Weather still remains non-threatening, but in most areas warmer weather would be much welcomed.
Soybeans: 2-5 Lower
Soybeans were a follower of wheat and corn yesterday with additional concern from ideas of planting delays spurred the market higher. July closed up 14 at 9.40 and Nov up 15 at 9.17. They could not hold themselves in the positive on the overnight as we saw a two sided trading range but ended lower. Farmer is not yet done planting beans and is hoping in some areas for dryer weather to finish up. Strong demand from China remains but where are they sourcing their needs from??
Wheat: 2-5 Lower
Wheat was the leader yesterday as it gained its support from a weaker dollar and tech buying. The rally stalled out in the overnight as we saw a mixed trading session to have the markets dip lower. We have seen some harvest started in the south but they have encountered some muddy fields. Quality still is a concern in areas.
For More Information Please Visit:http://www.growingtogether.coop