Harvest is upon us and we have been working diligently to get our locations emptied out from last year’s record crop to make room for new crop bushels. We are currently still contracting for fall delivery and have other pricing options to help you reduce your risk in a continued volatile marketing year. We will be offering traditional fixed priced contracts, basis contracts, storage programs; No Priced Established contracts at 4 cents a bushel per month pro-rated daily as well as Open Storage which will be 5 cents a bushel per month pro-rated daily. As always we still have our 10 day grace period to sell storage bushels but if not sold storage will accrue from the day it was brought in. Once again we will be utilizing text messaging for dumping times and facility statuses. If you would like to get on the list or have questions give me a call at 660-238-0502 or 660-584-3676. Overall we appreciate your business and look forward to serving you the producer going forward. Evan
9/22/17
Markets were able to go out on a high note to end the week. Beans led the way higher closing up 13 ½ off just 3 pennies from the high for the day and were 15 ½ higher for the week. Good exports continue lend a hand with demand for U.S. beans staying competitive with South America. Concern over Brazil’s slow start to bean planting due to dry weather have underpinned the market all week and buying was heavy enough today to push futures higher. Funds were on the buy side of 9,000 contracts before lunch and went from a net short position to start the week to now long. Corn followed the beans higher today with the December contract up 3 ¼ for the day but lost a penny for the week. Corn was uneventful this week to say the least trading in 3 ¾ cent range. Most analysts seem to think there is outside money flowing into the corn side which should be beneficial but with the volume and range being traded the beans probably will help them going forward more than anything. Bullish yield reports will have to be something to spark the corn but early reports have yields higher than expectations for now. Evan
Sights from River Valley MFA
Randy Lovercamp recently retired. Thank you for your years of service. If you have a picture to share, email to ehoeppner@mfa-inc.com
