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
3.69 -0.50
3.69 -0.50
SOYBEANS
10.09 -0.75
10.09 -0.75
WHEAT
5.71 -0.62
OATS
2.25 -0.79

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 4.1925 4.1500 4.1925 4.2000 4.1400 0.0300
Mar '21 @C1H 4.2025 4.1700 4.2025 4.2175 4.1650 0.0200
May '21 @C1K 4.2125 4.1975 4.2125 4.2200 4.1800 0.0150
Jul '21 @C1N 4.2025 4.1900 4.2025 4.2150 4.1750 0.0100
Sep '21 @C1U 3.9850 3.9900 3.9850 4.0100 3.9775 -0.0175
Dec '21 @C1Z 3.9400 3.9600 3.9400 3.9675 3.9325 -0.0250
SOYBEANS
Symbol Last Open Close High Low Change
Nov '20 @S0X 10.8375 10.7125 10.8375 10.8850 10.6575 0.1000
Jan '21 @S1F 10.8100 10.7100 10.8100 10.8600 10.6475 0.0875
Mar '21 @S1H 10.6750 10.5675 10.6750 10.7225 10.5125 0.0875
May '21 @S1K 10.6150 10.5325 10.6150 10.6600 10.4800 0.0650
Jul '21 @S1N 10.5975 10.5425 10.5975 10.6375 10.4875 0.0400
Aug '21 @S1Q 10.4900 10.4525 10.4900 10.4800 10.4125 0.0300
WHEAT
Symbol Last Open Close High Low Change
Dec '20 @W0Z 6.3275 6.2300 6.3275 6.3550 6.1950 0.1000
Mar '21 @W1H 6.3250 6.2400 6.3250 6.3500 6.2025 0.0875
May '21 @W1K 6.3050 6.2275 6.3050 6.3300 6.1950 0.0775
Jul '21 @W1N 6.1800 6.1200 6.1800 6.1950 6.0950 0.0500
Sep '21 @W1U 6.2025 6.1425 6.2025 6.2150 6.1225 0.0475
Dec '21 @W1Z 6.2625 6.1975 6.2625 6.2725 6.1825 0.0475
LIVE CATTLE
Symbol Last Open Close High Low Change
Oct '20 @LE0V 103.350 103.200 103.350 104.300 103.200 0.025
Dec '20 @LE0Z 103.575 103.775 103.575 104.500 103.275 0.100
Feb '21 @LE1G 106.625 107.000 106.625 107.525 106.350 -0.150
Apr '21 @LE1J 109.275 110.000 109.275 110.175 109.200 -0.600
Jun '21 @LE1M 103.700 104.350 103.700 104.450 103.625 -0.550
Aug '21 @LE1Q 103.200 103.575 103.200 103.850 103.125 -0.350
LEAN HOGS
Symbol Last Open Close High Low Change
Dec '20 @HE0Z 67.025 66.350 67.025 67.225 65.700 0.825
Feb '21 @HE1G 66.925 66.800 66.925 67.375 66.200 0.075
Apr '21 @HE1J 69.725 69.675 69.725 70.125 69.100 0.025
May '21 @HE1K 74.175 74.175 74.175 74.325 73.850 -0.325
Jun '21 @HE1M 78.900 78.600 78.900 79.175 78.175 0.225
Jul '21 @HE1N 79.075 78.450 79.075 79.200 78.325 0.200
MILK CLASS III
Symbol Last Open Close High Low Change
Oct '20 @DA0V 21.63 21.62 21.63 21.64 21.62 0.00
Nov '20 @DA0X 22.19 21.44 22.19 22.19 21.44 0.75
Dec '20 @DA0Z 20.16 19.44 20.16 20.16 19.34 0.75
Jan '21 @DA1F 18.10 17.60 18.10 18.14 17.47 0.50
Feb '21 @DA1G 16.96 16.70 16.96 16.96 16.66 0.22
Mar '21 @DA1H 16.68 16.53 16.68 16.68 16.50 0.11
DTN Click here for info on Exchange delays.

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Grain Locations