Full Service Grain Merchandising and Handling

Helping You Grow And Prosper

 We know the importance of having the right grain locations and team to help with marketing decisions. Country Visions Cooperative has full-service grain elevatorsand additional storage sites to allow for capacity to market corn, soybeans, wheat, and oats. Our team of grain managers are available to help you set up a customized marketing plan.

 

 

Cash Bids

Market Update

grain market update 6-5-20
grain market update 6-5-20

6/5/2020 8:03:07 PM

This week, Mark Mentink goes over the grain market update for the week ending in 6-5-20....

Cedar Grv/Random Lk


 
6/30/20
New Crop 2020
New Crop 2020
CORN
2.96 -0.35
3.00 -0.45
SOYBEANS
8.08 -0.60
8.00 -0.80
WHEAT
4.65 -0.50
4.65 -0.50
OATS
3.00 -0.28
2.45 -0.39

Grain Merchandising

Grain Merchandising

Grain Contracts

Spot Cash Contract

Spot Cash contracts are the most commonly used of any of the contracts. It is used when the cash price has reached your goal with little thought to either futures or basis.

Forward Cash Contract

Forward Cash Contracts allow the producer to lock in a cash grain price for a specific delivery date and location in the future. In addition, this contract is also preferred to lock in a crop selling price.

Delayed Price Contract

Delayed Price Contracts allow producers a high degree of price flexibility for an extended time period. A service charge may or may not be used during the marketing year. If a service charge is being used, a price increase must be expected to offset this expense.

Minimum/ Maximum Price Contract

Minimum and maximum price contracts are a very safe opportunity for the producer to participate in market movement for further profit. The producer should use when he anticipates a favorable market move that will enhance his base price but wants to market and lock in a minimum or maximum price.

Basis Contract

Basis contracts are similar to forward cash contracts in that they allow the producers to lock in a future delivery price, but only partially. The partially fixed price is basis: the difference between cash and futures; with the futures to be fixed at a later time.

Hedge To Arrive Contract

Hedge-to-arrive contracts are the reverse of a basis contract. Use this contract when futures are high and believe futures will drop and simultaneously basis is wide and should narrow.

Deferred Payment Contract

Deferred payment contracts are used to defer tax liability to another tax year. Please consult your tax accountant for proper application.

Average Price Contract

Average price contracts are used to even out the ups and downs of a volatile market. The producer commits a specific number of bushels to a location at harvest time, and an average futures price is created over the pricing period. The producer can set the basis at any time up until delivery. Contact a merchandiser for details and the deadline to enroll.

Futures

@CN0
@CN0
CORN
Symbol Last Open Close High Low Change
Jul '20 @C0N 3.3125 3.2875 3.3125 3.3250 3.2825 0.0225
Sep '20 @C0U 3.3550 3.3275 3.3550 3.3675 3.3250 0.0225
Dec '20 @C0Z 3.4525 3.4225 3.4525 3.4625 3.4200 0.0250
Mar '21 @C1H 3.5700 3.5425 3.5700 3.5800 3.5400 0.0200
May '21 @C1K 3.6325 3.6100 3.6325 3.6400 3.6050 0.0200
Jul '21 @C1N 3.6825 3.6600 3.6825 3.6900 3.6525 0.0200
SOYBEANS
Symbol Last Open Close High Low Change
Jul '20 @S0N 8.6775 8.6800 8.6775 8.7350 8.6525 0.0000
Aug '20 @S0Q 8.7000 8.6875 8.7000 8.7450 8.6675 0.0125
Sep '20 @S0U 8.7175 8.7050 8.7175 8.7575 8.6875 0.0150
Nov '20 @S0X 8.7950 8.7675 8.7950 8.8225 8.7575 0.0275
Jan '21 @S1F 8.8450 8.8150 8.8450 8.8675 8.8075 0.0300
Mar '21 @S1H 8.8175 8.7900 8.8175 8.8400 8.7825 0.0275
WHEAT
Symbol Last Open Close High Low Change
Jul '20 @W0N 5.1525 5.2675 5.1525 5.2775 5.1325 -0.0850
Sep '20 @W0U 5.2025 5.3000 5.2025 5.3125 5.1800 -0.0725
Dec '20 @W0Z 5.3050 5.3925 5.3050 5.4050 5.2825 -0.0625
Mar '21 @W1H 5.4000 5.4825 5.4000 5.4975 5.3800 -0.0625
May '21 @W1K 5.4475 5.5325 5.4475 5.5325 5.4275 -0.0575
Jul '21 @W1N 5.4275 5.4975 5.4275 5.5000 5.3975 -0.0425
LIVE CATTLE
Symbol Last Open Close High Low Change
Jun '20 @LE0M 93.900 95.750 93.900 95.950 93.350 -1.825
Aug '20 @LE0Q 96.175 98.000 96.175 98.225 95.700 -1.750
Oct '20 @LE0V 99.300 101.050 99.300 101.225 98.975 -1.575
Dec '20 @LE0Z 103.825 105.150 103.825 105.425 103.675 -1.200
Feb '21 @LE1G 108.050 109.050 108.050 109.550 107.900 -0.950
Apr '21 @LE1J 110.750 111.575 110.750 112.200 110.600 -0.700
LEAN HOGS
Symbol Last Open Close High Low Change
Jun '20 @HE0M 47.450 48.450 47.450 48.775 47.275 -0.975
Jul '20 @HE0N 53.925 53.800 53.925 55.150 53.400 0.350
Aug '20 @HE0Q 57.350 55.875 57.350 57.700 55.650 1.575
Oct '20 @HE0V 53.700 52.125 53.700 53.800 52.000 1.575
Dec '20 @HE0Z 54.400 53.000 54.400 54.500 52.750 1.575
Feb '21 @HE1G 61.400 60.000 61.400 61.600 59.675 1.675
MILK CLASS III
Symbol Last Open Close High Low Change
Jun '20 @DA0M 19.88 20.10 19.88 20.20 19.53 -0.33
Jul '20 @DA0N 18.67 18.93 18.67 18.99 18.38 -0.32
Aug '20 @DA0Q 17.38 17.53 17.38 17.60 17.32 -0.18
Sep '20 @DA0U 16.97 17.05 16.97 17.12 16.94 -0.10
Oct '20 @DA0V 16.84 16.91 16.84 16.96 16.70 -0.02
Nov '20 @DA0X 16.65 16.70 16.65 16.74 16.60 -0.05
DTN Click here for info on Exchange delays.

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Grain Locations