BTR News

BTR News
Friday, January 23, 2015
***



Give us a call, it is not to early to start putting in target offers for 2015 crop.






 

 
Manager  Randy Heck  Cell Ph. 701-381-8973 
Josh Weakly-Grain Merchandiser  Cell Ph. 701-381-8641
Agronomy Manager - David (Nels) Nelson  Cell Ph. 701-741-4251
Agronomist - Dustin Church  Cell Ph. 701-740-6209
Agronomy Sales - Blayne Monson  Cell. Ph. 701-361-7080
Main Location Address (Niles): 6001 60th Ave NE, Leeds, N.D.  58346
 Ph. 701-466-2281 or 1-800-732-4352
E-Mail    btr@goNDTC.com
Fax: 701-466-2548
Station Manager - Lynn Haagenson
Leeds Location -  Ph. 701-466-2231
Seed House Manager - Dale Elverud
Leeds Seed House Location -  Ph. 701-466-2070
 
 
BTR Farmers Coop will not accept grains, oilseeds or wheat containing transgenic events not approved for U.S. export markets; such markets include Canada, China, South Korea, the European Union, Japan and Mexico.

 


Closing Market Comments
January 16, 2015

Corn:
Corn futures did see some recovery today but still closed down 13 1/4 cents in the March for the week.  The week started with the January crop report, with initial reaction showing nearby corn futures hanging in there for a day and a half.  Prices eventually sold off as funds were said to be moving out of commodities and into equities and the higher dollar offering resistance.  Range bound trade is still expected over the next few weeks as news will be limited.

Soybeans:
Soybeans tried to follow the higher corn market but were unable to maintain much of any gain at the close.  Talk of better chances of rain next week in South America offered resistance today.  Keep in mind that most of the growing regions in South American look ok and production changes in the drier areas are not expected to change the overall world balance sheet much.  There are still plenty of beans in the world.  For the week March soybeans were under pressure by being 60 1/2 cents lower.

Wheat:
A quite session with talk of Ukraine selling numerous cargoes of wheat to South Korea at discounted values.  US prices still modestly to significantly above world export trade.  Funds now short 10,000 contracts of Chicago wheat, fully liquidating their hastily purchased long position when Russia imposed its export tax.  US HRW basis firming domestically and at export points with 100 Hutch deliveries canceled for load out.
 

Quote Ticker
  • CORN (Mar 15) 384'0 -2'6 1/26/15   1:30 PM CST
  • CORN (May 15) 392'6 -2'6 1/26/15   1:30 PM CST
  • CORN (Jul 15) 401'6 -2'6 1/26/15   1:30 PM CST
  • CORN (Sep 15) 406'6 -2'6 1/26/15   1:30 PM CST
  • CORN (Dec 15) 417'2 -3'0 1/26/15   1:30 PM CST
  • CORN (Mar 16) 422'4 -3'0 1/26/15   1:30 PM CST
  • SOYBEANS (Mar 15) 983'4 10'6 1/26/15   1:30 PM CST
  • SOYBEANS (May 15) 991'0 10'6 1/26/15   1:30 PM CST
  • SOYBEANS (Jul 15) 996'0 10'6 1/26/15   1:30 PM CST
  • SOYBEANS (Aug 15) 1052'0 10'6 1/26/15   1:30 PM CST
  • SOYBEANS (Sep 15) 982'6 11'6 1/26/15   1:30 PM CST
  • SOYBEANS (Nov 15) 959'0 12'0 1/26/15   1:30 PM CST
  • WHEAT (Mar 15) 520'0 -9'4 1/26/15   1:30 PM CST
  • WHEAT (May 15) 541'2 -8'4 1/26/15   1:30 PM CST
  • WHEAT (Jul 15) 529'2 -7'2 1/26/15   1:30 PM CST
  • WHEAT (Sep 15) 641'6 -7'0 1/26/15   1:30 PM CST
  • WHEAT (Dec 15) 630'0 -6'4 1/26/15   1:30 PM CST
  • WHEAT (Mar 16) 555'6 -6'4 1/26/15   1:30 PM CST
  • HARD RED SPRING WHEAT (Mar 15) 567'6 -1'2 1/27/15   2:02 AM CST
  • HARD RED SPRING WHEAT (May 15) 575'2 -0'6 1/27/15   2:02 AM CST
  • HARD RED SPRING WHEAT (Jul 15) 584'0 -0'6 1/26/15   10:45 PM CST
  • OATS (Mar 15) 302'0 0'2 1/26/15   1:30 PM CST
  • OATS (May 15) 294'0 0'0 1/26/15   1:30 PM CST
  • OATS (Jul 15) 298'4 0'2 1/26/15   1:30 PM CST
  • SOYBEAN OIL (Mar 15) 31.02 -0.52 1/26/15   1:30 PM CST
  • SOYBEAN OIL (May 15) 31.59 -0.51 1/26/15   1:30 PM CST
  • SOYBEAN OIL (Jul 15) 32.29 -0.51 1/26/15   1:30 PM CST
  • SOYBEAN MEAL (Mar 15) 3393 4 1/27/15   2:06 AM CST
  • SOYBEAN MEAL (May 15) 3314 - 2 1/27/15   2:06 AM CST
  • SOYBEAN MEAL (Jul 15) 3293 - 5 1/27/15   2:06 AM CST
  • CANOLA (Mar 15) 461.2 0.5 1/27/15   1:56 AM CST
  • CANOLA (May 15) 456.6 0.7 1/27/15   12:43 AM CST
  • CANOLA (Jul 15) 450.1 1.0 1/27/15   12:43 AM CST
  • CANADIAN DOLLAR (Mar 15) 0.864500 -0.001600 1/26/15   2:03 PM CST
  • CANADIAN DOLLAR (Jun 15) 0.801600 -0.001600 1/26/15   2:03 PM CST
  • CANADIAN DOLLAR (Sep 15) 0.800900 -0.001500 1/26/15   2:03 PM CST


Local Cash Bids
BTR Farmers Co-op Delivery Cash   Basis    
 Canola Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Corn Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Flax Chart Jan 31, 15    
  Chart New Crop 2015    
 Soybeans Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Spring Wheat Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Canadian Spring Wheat Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart Mar 31, 15    
 Winter Wheat Chart As Is Bid    
  Chart Feb 28, 15    
  Chart New Crop 2015    
 Durum Chart Jan 31, 15    
  Chart New Crop 15    
 Pinto Beans Chart Jan 31, 15    
 Feed Barley Chart Jan 31, 15    
  Chart Feb 28, 15    
  Chart New Crop 15    
 Malting Barley Chart Jan 31, 15    
  Chart Feb 28, 15    
 Turtles (blacks) Chart Jan 31, 15    
Price as of 01/27/15 02:18AM CST.
Click to view more Cash Bids

Futures
C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 384'0 385'0 383'0 384'0 -2'6 384'0s 01/26 Chart for C5H
May 15 392'0 392'6 391'2 392'6 -2'6 392'4s 01/26 Chart for C5K
Jul 15 401'6 -2'6 400'0s 01/26 Chart for C5N
Sep 15 406'6 406'6 406'6 406'6 -2'6 406'4s 01/26 Chart for C5U
Dec 15 417'2 -3'0 414'2s 01/26 Chart for C5Z
Mar 16 422'4 422'4 422'4 422'4 -3'0 422'6s 01/26 Chart for C6H
S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 970'0 983'4 970'0 983'4 10'6 983'4s 01/26 Chart for S5H
May 15 977'6 991'0 977'6 991'0 10'6 990'2s 01/26 Chart for S5K
Jul 15 986'0 996'0 986'0 996'0 10'6 996'0s 01/26 Chart for S5N
Aug 15 1052'0 10'6 996'2s 01/26 Chart for S5Q
Sep 15 982'6 11'6 982'6s 01/26 Chart for S5U
Nov 15 959'0 966'0 959'0 959'0 12'0 971'6s 01/26 Chart for S5X
W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 526'2 526'2 519'4 520'0 -9'4 520'4s 01/26 Chart for W5H
May 15 541'2 -8'4 524'2s 01/26 Chart for W5K
Jul 15 529'2 529'2 529'2 529'2 -7'2 529'2s 01/26 Chart for W5N
Sep 15 641'6 -7'0 537'2s 01/26 Chart for W5U
Dec 15 630'0 -6'4 549'2s 01/26 Chart for W5Z
Mar 16 555'6 -6'4 555'6s 01/26 Chart for W6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 568'4 569'0 567'4 567'6 -1'2 569'0 02:07A Chart for @MW5H
May 15 576'2 576'2 575'0 575'2 -0'6 576'0 02:07A Chart for @MW5K
Jul 15 585'2 585'2 584'0 584'0 -0'6 584'6 02:07A Chart for @MW5N
O - OATS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 302'0 0'2 290'6s 01/26 Chart for O5H
May 15 294'0 0'0 294'0s 01/26 Chart for O5K
Jul 15 298'4 0'2 298'4s 01/26 Chart for O5N
BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Mar 15 31.11 31.15 31.02 31.02 -0.52 31.08s 01/26 Chart for BO5H
May 15 31.55 31.59 31.30 31.59 -0.51 31.28s 01/26 Chart for BO5K
Jul 15 32.29 -0.51 31.48s 01/26 Chart for BO5N
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Mar 15 3389 3426 3381 3393 4 3389 02:07A Chart for @SM5H
May 15 3316 3351 3307 3314 - 2 3316 02:07A Chart for @SM5K
Jul 15 3294 3331 3288 3293 - 5 3298 02:07A Chart for @SM5N
@RS - CANOLA - ICEFC
Month Open High Low Last Change Close Time More
Mar 15 460.1 461.7 459.9 461.2 0.5 460.7 01:56A Chart for @RS5H
May 15 455.3 456.6 454.9 456.6 0.7 455.9 02:04A Chart for @RS5K
Jul 15 449.9 450.1 448.9 450.1 1.0 449.1 02:04A Chart for @RS5N
CD - CANADIAN DOLLAR - CME
Month Open High Low Last Change Close Time More
Mar 15 0.864500 -0.001600 0.802500s 01/26 Chart for CD5H
Jun 15 0.801600 -0.001600 0.801600s 01/26 Chart for CD5M
Sep 15 0.800900 -0.001500 0.800900s 01/26 Chart for CD5U
My Custom Markets
Symbol Open High Low Last Change Close Time More


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Local Conditions
Leeds, ND
Chg Zip Code: 
Temp: 21oF Feels Like: 15oF
Humid: 93% Dew Pt: 19oF
Barom: 29.98 Wind Dir: SSE
Cond: N/A Wind Spd: 5 mph
Sunrise: 8:09 Sunset: 5:27
As reported at DEVILS LAKE, ND at 2:00 AM
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Local Radar
Leeds, ND
Chg Zip Code: 
 
Radar
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Local Forecast
Leeds, ND
Chg Zip:

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Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Mon, January 26
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, January 26
USDA Daily Market Rates 01/26 06:47

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