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 11-20-20
Grain Market Update 11-20-20

11/20/2020 11:08:39 PM

McKayla goes over the grain market update for the week ending in 11-20-20....

Cedar Grv/Random Lk


 
Cash Bid
New Crop 2021
New Crop 2021
CORN
3.69 -0.50
3.51 -0.55
SOYBEANS
10.82 -0.75
9.53 -0.80
WHEAT
5.12 -0.65
5.16 -0.65
OATS
2.45 -0.47

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 4.1375 4.1450 4.1475 4.1475 4.1175 -0.0100
Mar '21 @C1H 4.1875 4.2075 4.2075 4.2075 4.1675 -0.0200
May '21 @C1K 4.2200 4.2375 4.2400 4.2400 4.2025 -0.0200
Jul '21 @C1N 4.2250 4.2400 4.2475 4.2450 4.2075 -0.0225
Sep '21 @C1U 4.0625 4.0800 4.0800 4.0825 4.0525 -0.0175
Dec '21 @C1Z 4.0550 4.0600 4.0700 4.0700 4.0425 -0.0150
SOYBEANS
Symbol Last Open Close High Low Change
Jan '21 @S1F 11.5650 11.6375 11.6200 11.6400 11.5600 -0.0550
Mar '21 @S1H 11.5750 11.6425 11.6300 11.6500 11.5700 -0.0550
May '21 @S1K 11.5525 11.6250 11.6100 11.6275 11.5475 -0.0575
Jul '21 @S1N 11.5250 11.5950 11.5850 11.6025 11.5225 -0.0600
Aug '21 @S1Q 11.3875 11.4600 11.3875 11.5100 11.3675 -0.0625
Sep '21 @S1U 10.8000 10.8000 10.8250 10.8000 10.8000 -0.0250
WHEAT
Symbol Last Open Close High Low Change
Dec '20 @W0Z 5.6550 5.6550 5.6550 5.6550 5.6550 0.0000
Mar '21 @W1H 5.7700 5.7825 5.7725 5.7825 5.7575 -0.0025
May '21 @W1K 5.8100 5.8175 5.8125 5.8175 5.7975 -0.0025
Jul '21 @W1N 5.8075 5.8200 5.8100 5.8200 5.7975 -0.0025
Sep '21 @W1U 5.8400 5.8500 5.8450 5.8500 5.8350 -0.0050
Dec '21 @W1Z 5.9225 5.9225 5.9225 5.9225 5.9225 0.0000
LIVE CATTLE
Symbol Last Open Close High Low Change
Dec '20 @LE0Z 110.625 110.275 110.625 110.875 110.250 0.450
Feb '21 @LE1G 113.175 113.025 113.175 113.900 112.700 0.300
Apr '21 @LE1J 116.825 116.800 116.825 117.625 116.450 0.425
Jun '21 @LE1M 111.925 111.725 111.925 112.600 111.425 0.400
Aug '21 @LE1Q 111.500 111.175 111.500 112.000 111.000 0.375
Oct '21 @LE1V 115.175 114.450 115.175 115.375 114.425 0.625
LEAN HOGS
Symbol Last Open Close High Low Change
Dec '20 @HE0Z 66.975 67.925 66.975 67.950 66.700 -0.600
Feb '21 @HE1G 68.750 68.750 68.750 69.600 68.050 0.175
Apr '21 @HE1J 71.375 71.450 71.375 72.000 70.825 -0.025
May '21 @HE1K 76.275 76.050 76.275 76.525 75.600 0.325
Jun '21 @HE1M 81.525 81.475 81.525 82.125 81.100 0.050
Jul '21 @HE1N 82.125 81.925 82.125 82.450 81.850 0.275
MILK CLASS III
Symbol Last Open Close High Low Change
Dec '20 @DA0Z 15.22 15.23 15.24 15.23 15.22 -0.02
Jan '21 @DA1F
Feb '21 @DA1G
Mar '21 @DA1H 16.55 16.55 16.50 16.55 16.55 0.05
Apr '21 @DA1J
May '21 @DA1K 16.71 16.61 16.71 16.75 16.61 0.06
DTN Click here for info on Exchange delays.

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Grain Locations