As we move into the new crop year, please note the following: Storage and Price Later Charges accrued will be billed to your account on August 31, 2015and due by September 30, 2015.
Old crop grain balances on Price Later contracts as of August 31, 2015 will incur new minimum charges on October 1, 2015 (i.e. no charge from September 1 through September 30).
Grain on Warehouse Receipt or on Open Storage positions at August 31, 2015 will incur new minimum charges on September 1, 2015. If you wish to move grain from a Storage position to Price Later, you will need to have a signed Price Later contract in Premier’s possession by September 1, 2015 in order to avoid the new minimum charge.
Old Crop basis contracts will need to be priced by September 30, 2015.
If you have any questions please contact your local settlement office. Your business is greatly appreciated!
Overnight the markets traded mixed with corn weaker but soybeans firmer. Currently corn is trading mixed to 1 lower, soybeans 1-2 higher, and wheat 1-2 lower. The outside markets are mixed this morning with crude oil trading higher, gold lower, and the dollar higher.
IN OTHER NEWS: Thursday, September 3rd, 2015 ·Deliveries: Corn: 1036 through 9/1/15 w/ ADM issuing 345, Wedbush cust stopping 200; Soybeans: 0 through 6/29/15; Chi Wheat: 422 through 8/28/15 w/ ABN Amro cust issuing 377, RJO cust stopping 160, Rosenthal cust stopping 160; KC Wheat: 143 through 9/2/15; Meal: 0 through 6/30/15; Soybean Oil: 440 through 9/2/15 w/ED&F Man cust issuing 145 ; Rough Rice: 496 through 9/2/15. ·The USDA on Wednesday declared eight more counties in Indiana as disaster areas, giving farmers in a total of 61 counties across the state access to emergency financial aid following devastating summer floods. Indiana Governor Mike Pence and other state officials had requested the federal disaster declaration in the wake of widespread crop damage and losses caused by flooding and excessive rainfall in the state since May. Fifty-three other counties were previously approved on Aug. 12 after a similar request. ·Egypt's General Authority for Supply Commodities (GASC) set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment from Oct. 11-20. Mamdouh Abdel Fattah, vice chairman of GASC, Egypt's main wheat buying agency and one of the world's biggest state importers of wheat, is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine and Romania. ·Russian Agriculture Minister Alexander Tkachev said on Thursday that the ministry has no plans for now to change its wheat export tax mechanism. ·Jordan's state grain buyer has issued two international tenders to purchase 100,000 tonnes of hard milling wheat and 100,000 tonnes of animal feed barley both to be sourced from optional origin. Tender deadline for the wheat is Sept. 8 and deadline for the barley is Sept. 9. ·South Korea's largest animal feed maker Nonghyup Feed Inc. (NOFI) purchased about 52,000 tonnes of soymeal in a tender on Thursday to be sourced optionally from South America or China. The soymeal was purchased at $387.49 a tonne c&f. ·Allendale Inc. pegs average corn yields at 167.1 bushels per acre, with total production coming in at 13.548 billion bushels, according to the results of the poll. Soybean yields were pegged at 45.4 bushels per acre, with total production forecast at 3.791 billion bushels. ·Informa will issue its September crop report today at 10:30 AM CST. ·Dalian Closes: Corn (Sept): $9.25 (+$0.02); Soybeans (Sept): $17.38 (+$0.02) ·CIF Corn: 54Z (-1) at UNQ ·CIF Soybeans: 87X (+2) at UNQ ·CIF SRW: 10Z at UNQ ·CIF Soybean Meal: 16U (NC) at 19U (NC) ·Barge Freight: 400% (NC) at 425% (NC) ·Dollar index: 95.92 (+0.07) ·Crude Oil: 46.33 (+0.08)
The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.