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 Report 1-15-21
Grain Market Report 1-15-21

1/15/2021 10:17:48 PM

McKayla goes over this week's grain market update for the week ending on 1-15-21....

Cedar Grv/Random Lk


 
Cash Bid
New Crop 2021
New Crop 2021
CORN
4.87 -0.45
4.05 -0.55
SOYBEANS
13.47 -0.70
11.23 -0.75
WHEAT
6.21 -0.55
5.93 -0.65
OATS
2.45 -1.21
2.80 -0.37

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 5.3150 5.3400 5.3150 5.3650 5.2775 -0.0275
May '21 @C1K 5.3475 5.3700 5.3475 5.3950 5.3100 -0.0300
Jul '21 @C1N 5.3200 5.3400 5.3200 5.3600 5.2775 -0.0275
Sep '21 @C1U 4.8550 4.8350 4.8550 4.8575 4.7975 0.0150
Dec '21 @C1Z 4.6000 4.5725 4.6000 4.6125 4.5600 0.0225
Mar '22 @C2H 4.6550 4.6225 4.6550 4.6600 4.6150 0.0275
SOYBEANS
Symbol Last Open Close High Low Change
Mar '21 @S1H 14.1675 14.3225 14.1675 14.3450 14.1350 -0.1375
May '21 @S1K 14.1475 14.2900 14.1475 14.3175 14.1050 -0.1300
Jul '21 @S1N 14.0100 14.1500 14.0100 14.1650 13.9600 -0.1225
Aug '21 @S1Q 13.5425 13.6175 13.5425 13.6350 13.4975 -0.0575
Sep '21 @S1U 12.5675 12.5900 12.5675 12.6275 12.4950 0.0000
Nov '21 @S1X 11.9775 11.9650 11.9775 12.0300 11.9025 0.0125
WHEAT
Symbol Last Open Close High Low Change
Mar '21 @W1H 6.7550 6.7100 6.7550 6.9300 6.6450 0.0550
May '21 @W1K 6.7650 6.7275 6.7650 6.9300 6.6625 0.0550
Jul '21 @W1N 6.5775 6.5700 6.5775 6.7050 6.4900 0.0275
Sep '21 @W1U 6.5750 6.5700 6.5750 6.6950 6.4950 0.0175
Dec '21 @W1Z 6.6225 6.6125 6.6225 6.7300 6.5500 0.0175
Mar '22 @W2H 6.6650 6.6525 6.6650 6.7600 6.6025 0.0200
LIVE CATTLE
Symbol Last Open Close High Low Change
Feb '21 @LE1G 112.775 112.200 112.775 113.300 111.900 0.700
Apr '21 @LE1J 118.200 117.300 118.200 119.350 117.025 0.975
Jun '21 @LE1M 116.275 114.850 116.275 116.775 114.675 1.325
Aug '21 @LE1Q 117.025 116.000 117.025 117.375 115.850 0.825
Oct '21 @LE1V 120.825 120.075 120.825 121.225 119.975 0.450
Dec '21 @LE1Z 123.475 122.400 123.475 123.650 122.250 0.825
LEAN HOGS
Symbol Last Open Close High Low Change
Feb '21 @HE1G 67.925 66.150 67.925 68.200 66.150 1.625
Apr '21 @HE1J 72.650 71.700 72.650 72.900 71.425 0.575
May '21 @HE1K 77.600 77.300 77.600 77.900 76.900 0.150
Jun '21 @HE1M 84.375 84.200 84.375 84.750 83.550 0.050
Jul '21 @HE1N 85.850 85.400 85.850 86.150 85.150 0.225
Aug '21 @HE1Q 85.725 85.475 85.725 85.975 85.275 -0.050
MILK CLASS III
Symbol Last Open Close High Low Change
Jan '21 @DA1F 16.23 16.31 16.23 16.31 16.22 0.01
Feb '21 @DA1G 19.23 19.21 19.23 19.36 18.81 0.32
Mar '21 @DA1H 19.04 19.15 19.04 19.15 18.54 0.41
Apr '21 @DA1J 18.55 18.57 18.55 18.60 18.18 0.29
May '21 @DA1K 18.04 17.97 18.04 18.04 17.83 0.27
Jun '21 @DA1M 17.76 17.74 17.76 17.81 17.74 0.08
DTN Click here for info on Exchange delays.

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Grain Locations