Grain Comments: 09.29.23
Pre-report consolidation along with month and quarter end positioning gave us a mixed overnight session. Corn was 1-2 cents
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Our facilities are ready to handle your grain quickly and efficiently year-round. We have 19 locations with a combined storage capacity of 38 million bushels, allowing you to bring in your grain whenever you’re ready to sell, or we can come to you for on-farm pickup. Our licensed commodity brokers help you select the contract option that works best for your operation and notify you of any market changes.
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Pre-report consolidation along with month and quarter end positioning gave us a mixed overnight session. Corn was 1-2 cents
Liquidation of weak long positions weighed on overnight trade with corn 1-2 cents lower, soybeans down 8-10 cents, and
Position squaring kept futures mixed overnight with corn 1-2 cents higher, soybeans up 6-8 cents, and wheat 1-2 cents
Overnight trade was mixed as position squaring ahead of Friday’s reports started to increase. Corn futures were on both
We understand that every farm and every farmer is different. We offer a variety of grain contracts to meet the individual needs of your operation.
With roots established more than a century ago, we know the dedication involved in a successful farm. CFE is committed to carrying on the legacy of serving farmers for generations to come.
Deadline to sign-up is August 11! Owning condo storage allows you to deliver into any CFE location to store corn or soybeans and even a
USDA March 1 Stocks and Prosp. Plantings 03/31/23
Minimum Price Contract
CFE Extended Price Contract
CFE Averaging Grain Pool Contract
CFE Accumulator Contract
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CFE is a progressive, farmer-owned cooperative that services local farms and rural business owners in the areas of agronomy, feed, grain and lumber. CFE has locations in communities throughout northwest Iowa, southwest Minnesota, and southeast South Dakota with administrative offices in Rock Valley and Ocheyedan, IA.
Our farmer-owners are at the core of what we do. After all, our success is their success.
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Looking for a tool to diversify your marketing? This may be the contract for you. We look at seasonal prices for both corn and soybeans and offer an old crop and new crop pricing structure. Sign up bushels for both programs on or before February 10th, 2023.
There is a minimum of 1,000 bushels to sign up to guarantee these bushels are sold. Prices a set number of bushels every day. There is a $.02 per bushel fee.
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Looking for a bonus? This is a contract we offer off and on throughout the year. This contract will pay you extra on your new crop corn or soybeans. The bonus you would receive on new crop grain when sold would be an additional $.25-.40 per bushel on corn and $.35-.60 cents per bushel on soybeans. You then have an additional offer on new crop for the same amount of bushels versus deferred futures of your choice at levels above current values. Price later bushels stored at CFE qualify as well as any on farm grain that has not been sold.
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This contract allows the producer to price their grain at today’s cash price and receive a 70% cash advance. This contract allows you to stay open on futures. There is a minimum of 1,000 bushel. Bushels can be sold in 1,000 bushels increments. There is a $.08/bushel maintenance fee with Extended Price.
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This contract allows the producer to lock in CFE’s deferred cash grain price.
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This is a great long option strategy. You pay option cost to completely protect your downside risk AND having unlimited upside potential. This is priced on a weekly basis that you can set anytime. This contract does involve option cost, but typically runs 15% cheaper than regular options.
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Looking for a contract that will help manage risk? This gives you the ability to lock in favorable future market prices and leave the basis open. HTA fees through Dec 24′ of .05/bushel on corn and through Nov 24′ of .08/bushel on soybeans. HTA contract fees 2024 of .06/bushel on corn and .09/bushel on soybeans.
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This contract gives the producer a minimum price while keeping upside potential open. We purchase calls either at the money or $.20 – .40 out of the money depending on the producer value he wants to spend. Only cost to the producer is the actual call cost plus there is no storage cost to the contract.
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Allows a producer to organize a market strategy with a standing offer to price bushels at a set price during the day or night trade.
This is a great forward contracting tool on future bushels. This allows the producer to lock in a premium over the current deferred corn or soybean market. An even amount of bushels are priced weekly during the pricing period with a possible double up of bushels. We offer values well above the current market with this contract with flexible options. No fees for current year anything over one year fees over .05 on corn and .08 on soybeans.
This is our most complex contract so please give the grain team at your local CFE location a call to talk through this contract and options.