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 2-26-21
Grain Market Update 2-26-21

3/3/2021 4:09:31 PM

McKayla takes us through the grain markets for the week ending on 2-26-21....

Cedar Grv/Random Lk


 
3/31/21
New Crop 2021
New Crop 2021
CORN
4.90 -0.45
4.19 -0.55
SOYBEANS
13.48 -0.60
11.54 -0.70
WHEAT
6.01 -0.55
5.82 -0.65
OATS
2.80 -0.86
2.80 -0.59

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

@CH1
@CH1
CORN
Symbol Last Open Close High Low Change
Mar '21 @C1H 5.5025 5.6000 5.5025 5.6000 5.4800 -0.1050
May '21 @C1K 5.3525 5.4400 5.3525 5.4425 5.3275 -0.0975
Jul '21 @C1N 5.2400 5.3125 5.2400 5.3150 5.2150 -0.0875
Sep '21 @C1U 4.8975 4.9175 4.8975 4.9225 4.8725 -0.0325
Dec '21 @C1Z 4.7350 4.7500 4.7350 4.7575 4.7150 -0.0225
Mar '22 @C2H 4.8125 4.8225 4.8125 4.8300 4.7925 -0.0225
SOYBEANS
Symbol Last Open Close High Low Change
Mar '21 @S1H 14.1075 14.1200 14.1075 14.1750 14.0025 -0.0325
May '21 @S1K 14.0750 14.1500 14.0750 14.1775 13.9525 -0.0500
Jul '21 @S1N 13.9150 14.0050 13.9150 14.0175 13.8025 -0.0725
Aug '21 @S1Q 13.4800 13.5325 13.4800 13.5525 13.3700 -0.0475
Sep '21 @S1U 12.6900 12.7025 12.6900 12.7375 12.5825 -0.0350
Nov '21 @S1X 12.2400 12.3000 12.2400 12.3025 12.1500 -0.0575
WHEAT
Symbol Last Open Close High Low Change
Mar '21 @W1H 6.5200 6.5825 6.5200 6.5825 6.4575 -0.1125
May '21 @W1K 6.5600 6.6300 6.5600 6.6600 6.5075 -0.1025
Jul '21 @W1N 6.4650 6.5275 6.4650 6.5475 6.4100 -0.0850
Sep '21 @W1U 6.4450 6.4950 6.4450 6.5125 6.3850 -0.0700
Dec '21 @W1Z 6.4950 6.5300 6.4950 6.5550 6.4300 -0.0550
Mar '22 @W2H 6.5450 6.5750 6.5450 6.5950 6.4775 -0.0500
LIVE CATTLE
Symbol Last Open Close High Low Change
Apr '21 @LE1J 119.400 119.300 119.400 119.825 119.075 -0.025
Jun '21 @LE1M 117.675 117.725 117.675 118.075 117.300 -0.075
Aug '21 @LE1Q 116.900 116.625 116.900 117.200 116.425 0.100
Oct '21 @LE1V 121.225 120.250 121.225 121.450 120.200 0.600
Dec '21 @LE1Z 124.375 123.425 124.375 124.475 123.425 0.650
Feb '22 @LE2G 126.675 125.825 126.675 126.725 125.675 0.725
LEAN HOGS
Symbol Last Open Close High Low Change
Apr '21 @HE1J 87.925 86.750 87.925 88.350 86.450 2.575
May '21 @HE1K 89.350 88.525 89.350 90.850 88.525 1.425
Jun '21 @HE1M 94.850 94.075 94.850 95.450 93.925 1.375
Jul '21 @HE1N 95.475 94.800 95.475 95.950 94.575 1.275
Aug '21 @HE1Q 94.925 94.250 94.925 95.000 94.000 1.250
Oct '21 @HE1V 80.125 79.525 80.125 80.250 79.425 0.825
MILK CLASS III
Symbol Last Open Close High Low Change
Mar '21 @DA1H
Apr '21 @DA1J
May '21 @DA1K
Jun '21 @DA1M 18.15 18.15 18.19 18.15 18.15 -0.04
Jul '21 @DA1N 18.17 18.17 18.18 18.17 18.17 -0.01
Aug '21 @DA1Q
DTN Click here for info on Exchange delays.

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Grain Locations