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 Markets 10-16-20
Grain Markets 10-16-20

10/16/2020 7:13:23 PM

Country Visions Cooperative grain markets commentary for the week ending in 10-16-20, by Brad Jaeger....

Cedar Grv/Random Lk


 
Cash Bid
New Crop 2020
New Crop 2020
CORN
3.66 -0.50
3.66 -0.50
SOYBEANS
10.00 -0.75
10.00 -0.75
WHEAT
5.62 -0.62
OATS
2.25 -0.78

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

@CZ0
@CZ0
CORN
Symbol Last Open Close High Low Change
Dec '20 @C0Z 4.1625 4.1375 4.1900 4.1075 0.0250
Mar '21 @C1H 4.1825 4.1625 4.2075 4.1325 0.0150
May '21 @C1K 4.1925 4.1775 4.2150 4.1475 0.0075
Jul '21 @C1N 4.1875 4.1775 4.2050 4.1425 0.0075
Sep '21 @C1U 3.9975 4.0075 4.0175 3.9900 -0.0175
Dec '21 @C1Z 3.9650 3.9925 3.9950 3.9625 -0.0300
SOYBEANS
Symbol Last Open Close High Low Change
Nov '20 @S0X 10.7600 10.7225 10.8525 10.6350 0.0400
Jan '21 @S1F 10.7425 10.7150 10.8375 10.6300 0.0275
Mar '21 @S1H 10.6025 10.5825 10.7000 10.5000 0.0150
May '21 @S1K 10.5700 10.5425 10.6525 10.4600 0.0200
Jul '21 @S1N 10.5750 10.5475 10.6475 10.4700 0.0175
Aug '21 @S1Q 10.4750 10.3825 10.5325 10.3775 0.0150
WHEAT
Symbol Last Open Close High Low Change
Dec '20 @W0Z 6.2450 6.2850 6.3225 6.2125 -0.0525
Mar '21 @W1H 6.2575 6.3000 6.3250 6.2350 -0.0550
May '21 @W1K 6.2475 6.2825 6.3100 6.2350 -0.0575
Jul '21 @W1N 6.1450 6.1975 6.2000 6.1325 -0.0650
Sep '21 @W1U 6.1675 6.1800 6.2150 6.1575 -0.0600
Dec '21 @W1Z 6.2225 6.2625 6.2625 6.2175 -0.0600
LIVE CATTLE
Symbol Last Open Close High Low Change
Oct '20 @LE0V 103.550 103.700 103.825 103.000 -0.100
Dec '20 @LE0Z 103.550 104.850 104.900 103.250 -1.025
Feb '21 @LE1G 106.775 108.350 108.350 106.475 -1.300
Apr '21 @LE1J 109.900 110.975 111.125 109.625 -0.975
Jun '21 @LE1M 104.200 105.025 105.025 103.875 -0.675
Aug '21 @LE1Q 103.450 104.000 104.000 103.025 -0.500
LEAN HOGS
Symbol Last Open Close High Low Change
Dec '20 @HE0Z 66.600 69.575 69.800 66.375 -2.600
Feb '21 @HE1G 67.300 68.775 68.950 66.850 -1.150
Apr '21 @HE1J 69.800 71.000 71.025 69.425 -1.000
May '21 @HE1K 74.900 75.150 75.150 74.200 -0.125
Jun '21 @HE1M 78.825 79.625 79.700 78.450 -0.775
Jul '21 @HE1N 78.925 79.625 79.625 78.550 -0.625
MILK CLASS III
Symbol Last Open Close High Low Change
Oct '20 @DA0V 21.62 21.60 21.63 21.58 0.14
Nov '20 @DA0X 21.27 20.79 21.35 20.61 0.36
Dec '20 @DA0Z 19.30 18.51 19.42 18.51 0.59
Jan '21 @DA1F 17.49 17.00 17.57 17.00 0.41
Feb '21 @DA1G 16.61 16.45 16.70 16.45 0.28
Mar '21 @DA1H 16.45 16.30 16.45 16.30 0.20
DTN Click here for info on Exchange delays.

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Grain Locations