BTR News

BTR News
Thursday, February 26, 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
February 26, 2015

Corn:
Values tugged higher with advancing soy.  Weekly export sales of 715,000 tons vs 841,000 last year.  US needs to sell 380 million bushels of corn the remainder of the year to reach USDA export forecast vs 500 million a year ago.  Corn market will be torn between heavy old crop supplies and the clear threat of declining 15-16 planting and stocks.  Fall corn supplies above 15 billion bushels again with any type of a 162+ yeild.
Soybeans:
Values surging higher in a spasm of towel throwing and paw chewing.  Price action forcing many bearish traders to cover short positions with many now conceding that we may continue to traverse the same 9.50 - 10.50 range in place since September.  Trade focusing on the ongoing Brazilian truck strike as a catalyst  for today's action.  Most expect the situation to normalize in coming days with limited trade shifting soy demand back to US.  Buyers currently seem willing to wait for South American loadings despite reports of a 42 day vessel line up at Paranagua now.
Wheat:
A choppy session with weekly export sales of 328,000 vs 365,000 last year.  Total US sales down 24% and loading down 27% from a year ago with USDA forecasting annual exports down 24%.  US HRW areas to receive beneficial snowcover and moisture.  Trade remains focused on the Ag Forum projected likelihood of building US stocks next year with clear possibility of a larger US crop.  Whether or not a significantly smaller FSU wheat crop can alter world trade matrix enough to increase US demand is far from clear.

Quote Ticker
  • CORN (Mar 15) 379'6 4'2 2/26/15   1:30 PM CST
  • CORN (May 15) 388'2 4'6 2/26/15   1:30 PM CST
  • CORN (Jul 15) 396'4 4'6 2/26/15   1:30 PM CST
  • CORN (Sep 15) 399'6 4'4 2/26/15   1:30 PM CST
  • CORN (Dec 15) 414'0 4'6 2/26/15   1:30 PM CST
  • CORN (Mar 16) 418'6 4'4 2/26/15   1:30 PM CST
  • SOYBEANS (Mar 15) 1024'0 16'2 2/26/15   1:30 PM CST
  • SOYBEANS (May 15) 1025'4 15'6 2/26/15   1:30 PM CST
  • SOYBEANS (Jul 15) 1030'0 14'6 2/26/15   1:30 PM CST
  • SOYBEANS (Aug 15) 1027'2 13'4 2/26/15   1:30 PM CST
  • SOYBEANS (Sep 15) 975'0 11'6 2/26/15   1:30 PM CST
  • SOYBEANS (Nov 15) 986'0 10'2 2/26/15   1:30 PM CST
  • WHEAT (Mar 15) 499'0 5'4 2/26/15   1:30 PM CST
  • WHEAT (May 15) 501'0 3'2 2/26/15   1:30 PM CST
  • WHEAT (Jul 15) 508'2 3'0 2/26/15   1:30 PM CST
  • WHEAT (Sep 15) 530'0 2'6 2/26/15   1:30 PM CST
  • WHEAT (Dec 15) 530'2 3'0 2/26/15   1:30 PM CST
  • WHEAT (Mar 16) 537'4 3'4 2/26/15   1:30 PM CST
  • HARD RED SPRING WHEAT (Mar 15) 548'2 -3'0 2/27/15   5:23 AM CST
  • HARD RED SPRING WHEAT (May 15) 556'4 -0'2 2/27/15   4:42 AM CST
  • HARD RED SPRING WHEAT (Jul 15) 562'4 -1'0 2/27/15   4:09 AM CST
  • OATS (Mar 15) 274'0 6'0 2/26/15   1:30 PM CST
  • OATS (May 15) 274'0 7'2 2/26/15   1:30 PM CST
  • OATS (Jul 15) 276'6 6'4 2/26/15   1:30 PM CST
  • SOYBEAN OIL (Mar 15) 31.15 0.13 2/26/15   1:30 PM CST
  • SOYBEAN OIL (May 15) 32.03 0.13 2/26/15   1:30 PM CST
  • SOYBEAN OIL (Jul 15) 32.17 0.11 2/26/15   1:30 PM CST
  • SOYBEAN MEAL (Mar 15) 3549 3 2/27/15   5:22 AM CST
  • SOYBEAN MEAL (May 15) 3434 - 7 2/27/15   5:23 AM CST
  • SOYBEAN MEAL (Jul 15) 3397 - 6 2/27/15   5:23 AM CST
  • CANOLA (Mar 15) 455.0 - 3.5 2/26/15   1:23 PM CST
  • CANOLA (May 15) 466.5 3.1 2/27/15   5:18 AM CST
  • CANOLA (Jul 15) 465.2 3.0 2/27/15   5:18 AM CST
  • CANADIAN DOLLAR (Mar 15) 0.798800 -0.006600 2/26/15   2:01 PM CST
  • CANADIAN DOLLAR (Jun 15) 0.802700 -0.006600 2/26/15   2:01 PM CST
  • CANADIAN DOLLAR (Sep 15) 0.796200 -0.006600 2/26/15   2:01 PM CST


Local Cash Bids
BTR Farmers Co-op Delivery Cash   Basis    
 Canola Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart Apr 30, 15    
  Chart New Crop 2015    
 Corn Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart Apr 30, 15    
  Chart New Crop 2015    
 Flax Chart Feb 28, 15    
  Chart New Crop 2015    
 Soybeans Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Spring Wheat Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Canadian Spring Wheat Chart Feb 28, 15    
  Chart Mar 31, 15    
 Winter Wheat Chart Feb 28, 15    
  Chart Mar 31, 15    
  Chart New Crop 2015    
 Durum Chart Feb 28, 15    
  Chart New Crop 15    
 Pinto Beans Chart Feb 28, 15    
 Feed Barley Chart Feb 28, 15    
  Chart New Crop 15    
 Malting Barley Chart Feb 28, 15    
 Turtles (blacks) Chart Feb 28, 15    
Price as of 02/27/15 05:34AM CST.
Click to view more Cash Bids

Futures
C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 378'0 381'2 377'0 379'6 4'2 380'0s 02/26 Chart for C5H
May 15 386'2 389'0 386'0 388'2 4'6 388'4s 02/26 Chart for C5K
Jul 15 394'0 398'0 393'0 396'4 4'6 396'4s 02/26 Chart for C5N
Sep 15 399'6 4'4 403'6s 02/26 Chart for C5U
Dec 15 412'6 414'0 412'6 414'0 4'6 413'6s 02/26 Chart for C5Z
Mar 16 418'6 4'4 422'4s 02/26 Chart for C6H
S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 1011'4 1024'4 1009'4 1024'0 16'2 1024'0s 02/26 Chart for S5H
May 15 1014'0 1027'0 1012'4 1025'4 15'6 1026'4s 02/26 Chart for S5K
Jul 15 1030'0 1030'0 1030'0 1030'0 14'6 1030'0s 02/26 Chart for S5N
Aug 15 1027'2 13'4 1027'0s 02/26 Chart for S5Q
Sep 15 975'0 11'6 1010'2s 02/26 Chart for S5U
Nov 15 986'0 10'2 997'4s 02/26 Chart for S5X
W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 499'0 5'4 503'2s 02/26 Chart for W5H
May 15 498'2 501'0 498'2 501'0 3'2 500'4s 02/26 Chart for W5K
Jul 15 508'2 3'0 504'6s 02/26 Chart for W5N
Sep 15 530'0 2'6 513'2s 02/26 Chart for W5U
Dec 15 530'2 3'0 527'0s 02/26 Chart for W5Z
Mar 16 537'4 3'4 537'4s 02/26 Chart for W6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 546'2 548'4 546'0 548'2 -3'0 551'2 05:23A Chart for @MW5H
May 15 557'4 558'0 553'4 556'4 -0'2 556'6 05:22A Chart for @MW5K
Jul 15 564'0 564'0 560'2 562'4 -1'0 563'4 05:18A Chart for @MW5N
O - OATS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 274'0 6'0 281'4s 02/26 Chart for O5H
May 15 274'0 274'0 274'0 274'0 7'2 274'4s 02/26 Chart for O5K
Jul 15 276'6 6'4 276'6s 02/26 Chart for O5N
BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Mar 15 31.15 0.13 31.84s 02/26 Chart for BO5H
May 15 32.03 32.32 32.03 32.03 0.13 32.04s 02/26 Chart for BO5K
Jul 15 32.17 32.50 32.17 32.17 0.11 32.22s 02/26 Chart for BO5N
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Mar 15 3550 3574 3546 3549 3 3546 05:24A Chart for @SM5H
May 15 3445 3467 3430 3434 - 7 3441 05:24A Chart for @SM5K
Jul 15 3406 3428 3394 3397 - 6 3403 05:24A Chart for @SM5N
@RS - CANOLA - ICEFC
Month Open High Low Last Change Close Time More
Mar 15 459.0 461.9 455.0 455.0 - 3.5 455.0s 05:17A Chart for @RS5H
May 15 463.9 466.8 462.8 466.5 3.1 463.4 05:18A Chart for @RS5K
Jul 15 462.9 466.2 462.9 465.2 3.0 462.2 05:18A Chart for @RS5N
CD - CANADIAN DOLLAR - CME
Month Open High Low Last Change Close Time More
Mar 15 0.798800 0.798800 0.798800 0.798800 -0.006600 0.797800s 02/26 Chart for CD5H
Jun 15 0.802700 -0.006600 0.796900s 02/26 Chart for CD5M
Sep 15 0.796200 -0.006600 0.796200s 02/26 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: -12oF Feels Like: -27oF
Humid: 70% Dew Pt: -19oF
Barom: 30.64 Wind Dir: W
Cond: N/A Wind Spd: 7 mph
Sunrise: 7:20 Sunset: 6:16
As reported at DEVILS LAKE, ND at 5:00 AM
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Leeds, ND
Chg Zip Code: 
 
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