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 8-7-20
Grain Market Update 8-7-20

8/10/2020 3:18:36 PM

This week, grain merchandiser McKayla Teunissen goes over the grain market report for the week ending in 8-7-20. Tune in to see what happened!...

Cedar Grv/Random Lk


 
8/31/20
New Crop 2020
New Crop 2020
CORN
2.90 -0.35
2.93 -0.45
SOYBEANS
8.39 -0.60
8.29 -0.70
WHEAT
4.50 -0.50
OATS
2.25 -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

@CU0
@CU0
CORN
Symbol Last Open Close High Low Change
Sep '20 @C0U 3.2450 3.2450 3.2450 3.2525 3.2150 -0.0075
Dec '20 @C0Z 3.3800 3.3775 3.3800 3.3925 3.3525 -0.0075
Mar '21 @C1H 3.4925 3.4900 3.4925 3.5050 3.4700 -0.0050
May '21 @C1K 3.5675 3.5550 3.5675 3.5825 3.5475 -0.0025
Jul '21 @C1N 3.6250 3.6150 3.6250 3.6375 3.6000 0.0025
Sep '21 @C1U 3.6500 3.6400 3.6500 3.6625 3.6350 0.0025
SOYBEANS
Symbol Last Open Close High Low Change
Aug '20 @S0Q 9.0350 9.0300 9.0350 9.0300 9.0300 -0.0375
Sep '20 @S0U 8.9700 8.9500 8.9700 8.9750 8.9175 0.0075
Nov '20 @S0X 8.9875 8.9800 8.9875 8.9950 8.9400 -0.0075
Jan '21 @S1F 9.0375 9.0300 9.0375 9.0475 8.9900 -0.0075
Mar '21 @S1H 9.0425 9.0400 9.0425 9.0575 9.0025 -0.0150
May '21 @S1K 9.0750 9.0725 9.0750 9.0975 9.0400 -0.0225
WHEAT
Symbol Last Open Close High Low Change
Sep '20 @W0U 5.0000 4.9550 5.0000 5.0775 4.9350 0.0325
Dec '20 @W0Z 5.0950 5.0500 5.0950 5.1675 5.0300 0.0300
Mar '21 @W1H 5.1625 5.1200 5.1625 5.2250 5.1000 0.0275
May '21 @W1K 5.2100 5.1675 5.2100 5.2700 5.1600 0.0200
Jul '21 @W1N 5.2475 5.2200 5.2475 5.3075 5.2000 0.0150
Sep '21 @W1U 5.3175 5.2775 5.3175 5.3650 5.2775 0.0125
LIVE CATTLE
Symbol Last Open Close High Low Change
Aug '20 @LE0Q 107.600 107.000 107.600 107.975 106.700 0.550
Oct '20 @LE0V 110.225 110.175 110.225 110.825 109.800 0.075
Dec '20 @LE0Z 112.825 112.825 112.825 113.325 112.350 0.000
Feb '21 @LE1G 115.850 116.000 115.850 116.325 115.350 0.000
Apr '21 @LE1J 117.800 117.900 117.800 118.200 117.375 -0.125
Jun '21 @LE1M 111.300 111.450 111.300 111.725 111.025 -0.175
LEAN HOGS
Symbol Last Open Close High Low Change
Aug '20 @HE0Q 53.825 53.800 53.825 53.975 53.700 0.125
Oct '20 @HE0V 53.025 52.250 53.025 53.475 52.150 0.675
Dec '20 @HE0Z 54.625 54.175 54.625 54.775 54.075 0.275
Feb '21 @HE1G 61.900 61.325 61.900 62.150 61.175 0.425
Apr '21 @HE1J 66.600 65.625 66.600 66.700 65.600 0.850
May '21 @HE1K 70.825 69.900 70.825 70.825 69.800 0.925
MILK CLASS III
Symbol Last Open Close High Low Change
Aug '20 @DA0Q 19.89 19.80 19.89 19.93 19.76 0.11
Sep '20 @DA0U 16.93 16.72 16.88 17.15 16.49 0.34
Oct '20 @DA0V 17.34 17.33 17.36 17.59 17.13 0.17
Nov '20 @DA0X 17.31 17.06 17.29 17.39 16.92 0.31
Dec '20 @DA0Z 16.72 16.54 16.72 16.84 16.54 0.21
Jan '21 @DA1F 16.29 16.27 16.29 16.38 16.26 0.14
DTN Click here for info on Exchange delays.

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Grain Locations