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.