Tue 1/22
Wed 1/23
Thu 1/24
Fri 1/25
Sat 1/26
High
23 F
24 F
19 F
10 F
11 F
Low
12 F
7 F
-4 F
-6 F
2 F
Percip
0%
Good Morning! The grain markets are seeing follow-thru buying this morning, pushing nearby corn and bean futures to new highs for the week. The recent strength is attributed to comments on Thursday from US Sec of Treasury, suggesting the US should lift some tariffs while in talks with China. Equities are sharply higher while crude bounces and the US dollar index is slightly weaker. • The weather outlook for South America has rainfall for most of Brazil except the far northeast region over the next 5 days; the 6 to 10-day forecast has average to a bit below average rainfall except for the dry areas of the northeast. Argentina’s weather looks mostly dry for the weekend and into the first half of next week before a front brings soaking rains to all areas later next week. • The Buenos Aires Grain Exchange reported 99% of the Argentina soy crop is now seeded. The Exchange rated the crop at 51% good to excellent versus 35% a year ago. 47% of the crop is blooming and 15% is setting pods. Wet conditions led the Exchange to lower planted area to 17.7 million hectares, down from its previous estimate of 19.9 million. • Buenos Aires Grain Exchange estimated Argentina final wheat production at 19.0 MMTs versus the USDA’s estimate of 19.5 MMTs. • The St. Lawrence Seaway saw its highest cargo numbers since 2007 last year, propelled by a spike in grain shipments and global tariff wars that worked in Canada's favor. Shipments hit 40.9 million tons in 2018, a seven per cent year-over-year increase. Grain made up nearly one-third of all tonnage, rising 20 per cent from 2017. • The European Union is insisting to keep agriculture out of the EU-U.S. trade negotiations despites Washington's wishes to include the vast sector. The EU Commission announced Friday its proposals for a negotiating mandate from the 28- member states and said that the EU negotiations will be "strictly focused on the removal of tariffs on industrial goods, excluding agricultural products." EU Trade Chief Malmstrom insisted also that she is preparing a target list of American products it will hit with punitive tariffs if the Trump administration goes through with its threat to impose tariffs on European auto imports. Have a great weekend! Wayne Kollis - Melissa Peters - Mike Rosenberg - Matt Zeman - Austin Behrendsen
Take advantage of our Protein Tub Promotion!...
CFE along with participating partners will host the NW Iowa Nutrient Management Summit on January 24th 2019 in Sheldon, Iowa....
Cooperative Farmers Elevator strives to drive success for our customers, employees and communities. We recognize that we are important members of the communities where we live and work,...
May attend day or evening session.
9:00am Doors Open for Trade Show 10:00am to 2:15pm Day Session Lunch Included 2:15pm to 5:00pm Trade Show 5:00pm to 8:30pm Evening Session Supper Included
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At CFE, agronomy first is how our agronomy professionals think. As a full service agronomy retailer, we know how important it is to get the most crop from the inputs to ensure the most efficient crop, each year. Our agronomy professionals are here for you.
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