Home > Products & Services > Farmer Services > Locations > Columbus Corn Processing, NE
Bids*
Yellow Corn (Composite) (QBC)
Date
Futures
Basis
Opt
Cash
09/15/14 - 09/21/14
3.4075
USD/BU
31.00
USD/BU
Z
3.7175
USD/BU
09/22/14 - 09/26/14
3.4075
USD/BU
25.00
USD/BU
Z
3.6575
USD/BU
09/27/14 - 10/04/14
3.4075
USD/BU
15.00
USD/BU
Z
3.5575
USD/BU
10/05/14 - 10/11/14
3.4075
USD/BU
-5.00
USD/BU
Z
3.3575
USD/BU
* Any information is subject to change with out notice. All information posted here is subject to final confirmation by ADM. Please contact this location at the above number to confirm posted Information.
Market Intelligence
ADMIS Daily Grain Commentary
ADMIS AM Market View & Video
9/17/2014 8:20:55 AM
SX is up. CZ & WZ are down. . US dollar is a little higher. Most commodities are mixed to lower.
Financial & energy mrkts are waiting for US Fed policy report & impact China new stimulus policy may have on commodity demand.
About ADMIS Daily Grain Commentary
Marketing Partners Advisory
M.P.A 9/15/14 Recommendations and Conf Call Recap
9/16/2014 8:50:37 AM
CORN:
2014-crop – We are 40% sold at Chicago December 2014 $5.18
Recommendation: sell 5% at Chicago March 2015 $3.80
Recommendation: sell 20% at Chicago December 2014 $4.50
Recommendation: sell 10% at Chicago December 2014 $4.65
2015-crop – We are 5% sold at Chicago December 2015 at $5.02

SOYBEANS:
2014-crop – We are 60% sold at Chicago November 2014 $12.25
Recommendation: sell 5% at Chicago March 2015 $10.25
Recommendation: sell 10% at Chicago November 2014 $12.00

2015-crop – We are 5% sold at Chicago November 2015 $12.03
Recommendation: sell 5% at Chicago November 2015 $ 12.07

WHEAT:
2014-crop
SRW – We are 60% sold at Chicago Sept 2014 $6.88
Recommendation: sell 20% at Chicago Sept 2014 $5.75
Recommendation: sell 20% at Chicago Sept 2014 $6.00
HRW – We are 85% sold at Kansas City Sept 2014 $7.59
Recommendation: sell 10% at Kansas City Sept 2014 $7.50
HRS - We are 50% sold at Minneapolis December 2014 at $7.82
Recommendation: sell 10% at Minneapolis December 2014 $7.35

2015-crop
SRW – We are 40% sold at Chicago July 2015 $7.18
Recommendation: sell 10% at Chicago July 2015 $6.25
HRW – We are 30% sold at Kansas City July 2015 $7.65
Recommendation: sell 10% at Minneapolis December 2015 $7.00
________________________________________
Marketing Partners Advisory
Conference Call Recap
September 15, 2014

Harvest is now taking place in most northern hemisphere production areas. Reports of yields for corn, soybeans, and wheat remain generally supportive of the historically large global and domestic production data announced last week by the USDA. Fall weather has also generally been supportive of new crop production with a few exceptions as a result of the cooler and wetter conditions which have been in place most of the growing season. We continue to hear of some minor harvest delays for spring planted crops and additional reports of quality issues for northern hemisphere wheat. However overall yield reports tend to confirm the expectations of very good yields and in some instances astounding yields.

Additional comments from the weekly conference call of the recommendations group of Marketing Partners Advisory include the following –

1. Some wet weather this week in the US may delay fall harvest activities. This may help extend some of the spot premiums being paid for quick shipment. However we expect these premiums will soon evaporate and the entire system will move to new crop pricing values.
2. The wetter fall weather pattern continues to be supportive of early growing season considerations globally for fall planted crops.
3. Later this week there will be some data released from the FSA in reference to US planted acreage from the spring of 2014. We are not sure how to anticipate the data nor are we comfortable assuming how and if the data will soon be built into the USDA’s 2014/15 crop year balance sheets. We consider the data to be low on the significance scale for grains and oilseed prices as the bigger price picture issue now may be the yield consideration of fall harvested crops.
4. The frost event last week did not meaningfully impact production considerations for the US or Canada.
5. Interestingly we continue to see producer selling interest in corn in some of what are traditionally considered to be SW US Corn Belt growing areas. To this point this selling interest does not appear to be consistent with what we are seeing in most corn production areas. In general the US producers seem intent on not finalizing pricing on new crop fall harvested inventories.
6. At this point we do not sense there are early season weather considerations in South America which threaten the early corn, wheat, or soybean new crop production potential.
7. We continue to see and hear reports of US producer focus on cost of production issues for the upcoming 2015 production cycle. At this point we do not sense there is a widespread movement to cut back on production inputs but rather to perhaps tweak the planted acreage crop mix as a way to reduce the investment risk of 2015 production. This is only the beginning of this story as the fall harvest is of more immediate concern. Perhaps if seed costs and/or agronomic support costs begin to decline it may change the focus of producer actions to address the lower price environment for grains and oilseeds.

Best Regards – The Recommendations Group of Marketing Partners Advisory
About Marketing Partners Advisory
Doug Roose Becca Bunton
ADM - Benson Quinn
BQCI Morning Comments
9/17/2014 8:17:20 AM
...

Corn
9/17/2014 3:03:18 PM
US corn futures remain under the same spell that has
taken them to the current levels. Technicals showed little
improvement as slightly higher trade early in the overnight
session failed to reach above the 10 day moving average. The
lack of fresh inputs allowed lower, light volume overnight
trade to extend into the day session. A s...

Oilseeds
9/17/2014 3:30:03 PM
It was a two-sided session with beans closing mildly
higher in consolidative trade. There was little fresh news today
with market now looking next USDA reports to offer next
direction. The Sept 1 stocks report on Sept 30 will refine carry in
and hopefully clarify 13/14 production vs. a negative residual
currently in the balance sheet. Th...

Hard Red Spring Wheat
9/17/2014 3:03:24 PM
Wheat futures were generally lower overnight and
firmed into the pause in very light volume. Wheat markets
proceeded to post a mixed session with a slightly firmer tone
in Chicago and perhaps KC. The oversold nature of the wheat
markets and the size of the net short position in Chicago has
caught the attention of would be sellers. T...

About ADM - Benson Quinn
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Hours
Week of 9/8:

Mon: 6am-6pm
Tues: 6am-6pm
Wed: 6am-6pm
Thurs: 6am-6pm
Fri: 6am-6pm
Sat: 6am-4pm
Sun: 12pm-6pm
Contacts
Nathan Behren
Manager, Merchandising Manager
email >
Ty Wieser
Truck Logistics Coordinator
email >
Jake Seematter
Cross Country Merchandiser
email >
Futures
09/18/14 01:36 AM GMT
SOYBEANS
Last:
Change:
High:
Low:
986'0
3'4
986'4
982'2

WHEAT
Last:
Change:
High:
Low:
496'2
-3'0
496'6
495'4

CORN
Last:
Change:
High:
Low:
340'6
-1'0
341'2
340'4

SOYBEAN MEAL
Last:
Change:
High:
Low:
336.50
0.10
337.40
336.40

* Futures composite price shown, delayed at least 10 minutes.
Weather for COLUMBUS, NESee C°
Current Conditions
73º

Feels Like 74º
High 81º Low 46º
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