Until further notice, access to all Assumption Coop. Grain Company offices will be for employees only. All business will be conducted via phone, electronic communication, or mail. If you would like to pick up a check or paperwork, please contact us, and someone will bring it outside to you. We ask that all truck drivers stay in their trucks when delivering or loading out grain.
Futures
@C - CORN - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 21
572'6
3'6
569'0
573'4
565'4
569'0
07:30A
Jul 21
559'6
3'6
556'0
560'4
552'6
556'0
07:30A
Dec 21
499'6
3'2
495'6
500'6
494'6
496'4
07:30A
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 21
1389'0
7'0
1385'2
1391'6
1378'0
1382'0
07:30A
Jul 21
1385'0
6'0
1381'4
1388'2
1374'6
1379'0
07:30A
Nov 21
1257'2
7'0
1251'2
1259'2
1245'6
1250'2
07:30A
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
May 21
632'0
4'0
630'2
635'6
628'2
628'0
07:30A
Jul 21
634'6
3'4
632'4
638'4
631'2
631'2
07:30A
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Jun 21
33511.00
- 120.00
33647.00
33712.00
33460.00
33631.00
07:29A
My Custom Markets
Symbol
Last
Change
Open
High
Low
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Closing Market Comments
4-12-20
Corn
Corn futures ended the session lower today. Funds turned sellers after China announced commodity prices were too high and asked lenders to tighten credit growth. The additional lack of confirmation on new Chinese corn demand also hung over the market. As of midday, funds were estimated to have sold approximately 5,000 contracts of corn. Weekly U.S. corn export inspections fell in line with expectations this morning at 62.39 mln. bu. This was a sizeable decrease from the week prior but did exceed the weekly total “needed” to meet USDA’s annual forecast. YTD corn inspections currently stand at 55% of USDA’s annual projection. There was talk in the market today that Brazilian corn brokers confirmed the importation of two Argentine corn vessels for April shipment, but those bushels were thought to have traded a while ago. NASS will release planting progress numbers today. Traders expect to see approximately 6% of the U.S. corn crop planted as of Sunday. This week’s forecast calls for periods of showers and cooler temperatures for the Corn Belt, which may limit planting progress. In S. America, Central Brazil’s crop areas saw minimal rain over the weekend (heightening crop concerns) while Argentina’s crop areas received moderate/heavy rainfall over the same timeframe.
Soybeans
Soybeans closed weaker today as funds trimmed their long position despite the announcement of new export sales for both old crop and new crop beans this morning. Weaker Chinese soymeal futures and lower Malaysian palm oil futures contributed to the lower tone. As of midday, funds were estimated to have sold approximately 8,000 contracts of soybeans. This morning FAS announced sales of 132,000 tons of soybeans for delivery to China in 21/22 as well as 110,000 tons of beans for delivery to Bangladesh, split evenly between the 20/21 and 21/22 marketing years. In addition, weekly soybean export inspections came in at the top end of trade estimates at 12.04 mln. bu. This was a slight decline from last week’s 14.13 mln. bu. YTD bean inspections currently stand at 88% of USDA’s annual projection. Brazil’s bean harvest continues to move forward and is now estimated to be at 85% complete, which is slightly below last year’s pace at 89%. Brazil’s March soybean export number is estimated at 13.5 MMT, up significantly from the 2.2 MMT in February, notching a record for the month of March and exceeding last year by 25% for the same timeframe.
News from the Coop
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