Morning Markets: Corn +2. Soybeans -6. Wheat -7.
 
HARVEST GOODIES: Thank you so very much to all who serve/sell goodies during harvest!  It is very much appreciated!
·        MONDAY- September 24th- Monticello- State Bank of Bement will be handing out goodie bags from 1:30pm-3:30pm.
·        MONDAY- September 24th- Bement- First State Bank will hand out snack bags from 1pm-3pm.
·        TUESDAY- September 25th- Milmine- State Bank of Bement will be handing out goodie bags.
·        WEDNESDAY- September 26th- Bement- State Bank of Bement will be handing out goodie bags.
·        WEDNESDAY- September 26th- Atlanta- Olympia FFA will be providing a pork burger dinner from 5pm to 7pm.
·        THURSDAY- September 27th- Johnston Siding- Graue Chevrolet will be serving lunch from 11am-1pm
·        THURSDAY- September 27th- Monticello- First State Bank will hand out snack bags from 1pm-3pm.
·        Saturday- September 29th   & October 6th- LaPlace/Cisco- Cerro Gordo FFA will be selling pork chops from 10:30am-2pm.
 
 
 
 
It’s NATIONAL FARM SAFETY WEEK!! Safety Counts – Protecting What Matters… In recognition of Farm Safety Week, Topflight Grain will have a drawing for a FREE SAFETY KIT for one customer from each of our 15 full-time locations! We will draw three names a day. All prizes will be sent to your TFG elevator to be picked up or delivered! Drum roll…..
TODAY’S WINNERS:
·         Stuart James- MIL
·         Fred Dickson- LAW
·         Doug Adloff- EME
 
 
THURSDAY’S WINNERS        WEDNESDAY’S WINNERS:      TUESDAY’S WINNERS:        MONDAY’S WINNERS:
  John Robinson- MON                 Tim Morton- BEM                           Paul Butler- CIS                         Jim Stoutenborough- MAR
  Kenneth Kresin- ATW                 Darrell Steffens- KRU                     Dale Lessen- ATL                       Kevin Wilham- JOS
  Ryan Cross- BEA                          William Cresap- SEY                      Mat Muirheid- LAP                    Robert Jamison- PIE
 
 
                                                                                                                                                                    
MARKET SUMMARY:
 
Overnight trade is mixed. Corn is unchanged while soybeans have given up some of yesterday’s gains. Markets are still poised for its biggest weekly gain in a month. For the week corn is up roughly 3 cents, soybeans up 15 cents and wheat up 10 cents. Dow futures are adding to yesterday’s record close, up 28 points. US dollar and crude oil both trading higher.

Crude Oil is higher $70.74 up $0.42
Gold is lower $1,204.80 off $1.80
The US Dollar is trading higher $93.650 up $0.159
World Stocks, Japan up 0.9%, China up 1.7%, Europe up 0.6% Dow futures up 45 points
Dalian Exchange- corn and soybeans lower, meal firmer
Malaysian Palm Oil: off 0.3%
EU corn trading lower and wheat trading higher
 
 
WEATHER:  
·         The weather forecast has mostly dry conditions this weekend and into early next week. Another front brings rainfall to much of the region. Temperatures will be tapering off with some frost or freeze chances to the eastern Dakota’s, western Minnesota for the early part of next week. The extended forecast shows a wet and cold pattern for early October.
·         6-10 Day Forecast: Temps are above normal on the coasts, while the High Plains are colder than normal.  Precipitation is above normal for the eastern half of the country, while the PNW/Rockies are dryer than normal.
 
OTHER HEADLINES:
·         WEEKLY EXPORT SALES (New Crop): Corn sales at 1,384,000 mt vs trade estimates of 500,000 – 1,200,000. Sales to date equal 27% of the USDA forecast vs 25% average. Soybean sales 918,000 mt vs trade estimates of 400,000 mt to 900,000. Sales to date equal 32% of the USDA forecast vs 43% average.
·         The U.S. EPA published new data detailing how it drastically expanded a biofuels waiver program for oil refiners since President Donald Trump's administration took office. The agency issued exemptions for 29 small refineries for 2017, freeing them from their requirement under the Renewable Fuel Standard to blend biofuels into gasoline and diesel; that was up from 19 waivers granted for 2016 and 7 in 2015, the EPA said.
·         Meetings between Canada and the US wrapped up Thursday without a deal between the two countries. The word throughout the U.S. administration and Congress is that Canadian trade negotiators are reluctant to make deep dairy compromises. Canadian officials have made it clear Washington needed to withdraw a threat of possible autos tariffs. Speculation is mounting that Canada will wait until after Quebec’s Oct. 1 election to strike a deal. Much of Canada’s milk industry is based in Quebec.
·         The average trade estimate for today’s Cattle on Feed report has the number of cattle on feed as of September 1st at 105.4% of a year ago. Placements in August are estimated at 104.4%. Marketing’s in August are estimated at 100.4%.
·         China has reported overnight the first case of African Swine Fever in Jilin province. They also reported an additional case in Inner Mongolia.
 
 
EXPORT NEWS:
·         121,700 tons of corn sold to unknown in 18/19
·         100,000 tons of meal sold to unknown in 18/19
 
 
Have a great day!!!!
 
Chelsey White
Emery Branch Manager/Originator || Topflight Grain Coop
593 Emery Rd.
Maroa, Il 61756
217-794-2240
E-Mail: cwhite@topflightgrain.com
Web: www.topflightgrain.com

This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by Topflight Grain Cooperative, Inc. Topflight Grain is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Contact Topflight Grains designated personnel for specific trading advice to meet your trading preferences. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by Topflight Grain Cooperative, Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 
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