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

Country Visions Cooperative Grain Market Update 10-23-20
Country Visions Cooperative Grain Market Update 10-23-20

10/23/2020 8:51:16 PM

Country Visions Grain Markets commentary for the week ending in 10-23-20 presented by Mark Mentink....

Cedar Grv/Random Lk


 
Cash Bid
New Crop 2020
New Crop 2020
CORN
3.52 -0.50
3.52 -0.50
SOYBEANS
9.80 -0.75
9.80 -0.75
WHEAT
5.47 -0.62
OATS
2.45 -0.51

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 4.0150 4.1500 4.0150 4.1525 4.0050 -0.1450
Mar '21 @C1H 4.0425 4.1550 4.0425 4.1600 4.0300 -0.1225
May '21 @C1K 4.0525 4.1625 4.0525 4.1675 4.0425 -0.1175
Jul '21 @C1N 4.0575 4.1650 4.0575 4.1700 4.0475 -0.1150
Sep '21 @C1U 3.8425 3.9450 3.8425 3.9450 3.8325 -0.1025
Dec '21 @C1Z 3.8275 3.9075 3.8275 3.9125 3.8200 -0.0850
SOYBEANS
Symbol Last Open Close High Low Change
Nov '20 @S0X 10.5725 10.8175 10.5725 10.8175 10.5675 -0.2500
Jan '21 @S1F 10.5475 10.7575 10.5475 10.7575 10.5425 -0.2175
Mar '21 @S1H 10.4175 10.6000 10.4175 10.6050 10.4075 -0.1900
May '21 @S1K 10.3650 10.5200 10.3650 10.5500 10.3600 -0.1750
Jul '21 @S1N 10.3525 10.5050 10.3525 10.5350 10.3450 -0.1650
Aug '21 @S1Q 10.2475 10.3675 10.2475 10.4025 10.2400 -0.1525
WHEAT
Symbol Last Open Close High Low Change
Dec '20 @W0Z 6.0875 6.1450 6.0875 6.1450 6.0075 -0.0700
Mar '21 @W1H 6.0775 6.1300 6.0775 6.1350 6.0025 -0.0800
May '21 @W1K 6.0550 6.1125 6.0550 6.1150 5.9900 -0.0900
Jul '21 @W1N 5.9775 6.0275 5.9775 6.0275 5.9125 -0.0800
Sep '21 @W1U 6.0050 6.0550 6.0050 6.0575 5.9475 -0.0800
Dec '21 @W1Z 6.0725 6.1200 6.0725 6.1200 6.0175 -0.0825
LIVE CATTLE
Symbol Last Open Close High Low Change
Oct '20 @LE0V 105.850 104.650 105.850 106.150 104.650 1.000
Dec '20 @LE0Z 104.675 103.475 104.675 105.025 102.850 0.625
Feb '21 @LE1G 107.700 106.475 107.700 107.875 105.950 0.675
Apr '21 @LE1J 111.375 110.225 111.375 111.550 109.825 0.650
Jun '21 @LE1M 105.975 105.200 105.975 106.150 104.800 0.325
Aug '21 @LE1Q 105.450 104.650 105.450 105.925 104.575 0.100
LEAN HOGS
Symbol Last Open Close High Low Change
Dec '20 @HE0Z 66.375 67.000 66.375 67.325 65.825 -1.275
Feb '21 @HE1G 66.200 67.325 66.200 67.425 65.675 -1.850
Apr '21 @HE1J 68.750 69.900 68.750 69.900 68.200 -1.625
May '21 @HE1K 73.550 74.150 73.550 74.200 73.050 -1.150
Jun '21 @HE1M 78.225 79.300 78.225 79.350 77.725 -1.400
Jul '21 @HE1N 78.425 79.225 78.425 79.425 77.900 -1.175
MILK CLASS III
Symbol Last Open Close High Low Change
Oct '20 @DA0V 21.57 21.64 21.65 21.65 21.55 -0.05
Nov '20 @DA0X 22.85 22.29 22.93 23.11 21.80 0.48
Dec '20 @DA0Z 20.19 19.89 20.15 20.45 19.39 -0.04
Jan '21 @DA1F 17.91 17.94 17.91 18.15 17.45 -0.24
Feb '21 @DA1G 16.70 16.74 16.72 16.84 16.50 -0.24
Mar '21 @DA1H 16.26 16.25 16.32 16.40 16.20 -0.23
DTN Click here for info on Exchange delays.

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Grain Locations