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
March 27, 2015
Corn: Futures values finished near unchanged after spending most of the day on the negative side of the market. The Midwest 6-10 weather forecast is wetter again which should trim some of the dryness that was highlighted by the recent drought monitor. Going forward it's still very much in the hands of weather and whims of the corn producer whether he switches acres from corn into beans or vice versa. Neither crop whether it be corn, soybean, and wheat has a positive P+L in the core corn belt so acreage switches should be very minor in those states. Soybeans: The market finished new lower today and for the week with anticipation of a big US plantings report and an ample South American crop. The market still is pricing a large risk premium into the SX15 with it hovering around 950. Brazilian truckers did not get their demands met when they conferenced with the government and now plan to go on strike April 23rd. Wheat: The market took back just under half of the losses incurred yesterday but still ended down 22 cents for the week. There were more discussions about wheat breaking dormancy in warm temperatures and the lack of soil moisture to supply the newly awakened grass. Once dormancy is broken the crop will be susceptible to the odd spring freeze but none is in the long term forecasts at this time.