Grain News-Updates

New Grain Marketing NavPrairie Lakes Coop grain markets has a new web page address to provide better navigation and to provide a quick snap shot view on our home page (lower left corner).
To access the Prairie Lakes Coop Grain markets, use the top menu bar of the hompage and click on Grain Marketing, a drop down navigation menu will appear.  The new navigation menu  provides producers with quicker access to charts, heat maps and other valuable marketing information directly off our homepage. 
Producers can access all of the grain marketing information and menu choices at Prairie Lakes Coop's home page  www.prairielakescoop,com.
Bookmark www.prairielakescoop.com for access to news, events, specials, CHS Account details, and grain marketing information 24/7.

  • All beans that are on free storage must be priced by October 1, 2010.  We will no longer be offering free storage on beans dumped after the 31 of August.
  • As of the close of business on Aug 27, we will not longer be taking corn for storage.  All corn must be contract or sold at the time of dumping.  Once we get into new crop we will start storing corn again.
  • Prairie Lakes Coop will be rejecting wheat at this time that is over a half percent ergot.  We will try and handle it at a later time when we can have space available to keep it seperate.  We are sorry for the inconvenience.
  • Spring and Winter Wheat:  Due to our limited space,  Prairie Lakes Coop will not be storing spring wheat or dumping winter wheat this harvest.  We will be dumping cash or contract spring wheat only. Please contact either Dan or Tim with further questions.  Thank you for your continued grain business.
  • Prairie Lakes Coop will offering a 2011 new crop purchase contracts for corn and beans, must be done during trading hours and is subject to the hedge.
  • New Changes in Grain Marketing Hedge To Arrive Contracts 12-18-08
    Due to the extreme risk and volatility in the grain markets, effective immediately our new grain buying policies will be in effect:
    Hedge to Arrive contracts
    CORN:
     $0.01 upfront and $0.01 per option month per bushel.
    SOYBEANS and WHEAT:
    $0.01 upfront and $0.02 per option month per bushel.
    Subject to change at anytime. There is a risk of loss when trading commodity futures and options
Prairie Lakes Cash Bids (All Bids 10 Min Delayed)
Name Delivery End Basis Month Futures Basis Cash Price Notes
GLENWOOD-LOWRY
LONG-PRAIRIE
STARBUCK-CYRUS

View all cash prices...
Quotes retrieved on September 06, 2010, 06:50:03 PM CDT
Market Snapshot
Quotes retrieved on September 06, 2010, 06:50:03 PM CDT
Commentary
Corn - Closing Report -

Corn prices closed sharply higher, holding their gains into the close. The price action is on likely lower volume due to Labor Day vacations. Most...

Soybeans - Closing Report -

Soybeans closed higher with the rest of the grains, supported by wheat and corn. Cash basis levels have declined earlier this week with farmer...

Wheat - Closing Report -

Wheat closed higher and was leading the grains due to additional export sales but came off its highs after Corn became the spotlight for the...

Cattle - Closing Report -

Cattle futures closed mixed. Kansas cattle sold for $97 this week with last weeks sales at $99.50 in the live. The dollar was weak today and the...

Hogs - Closing Report -

Lean hog futures closed higher. This afternoon’s retail cuts were mostly lower, with the carcass down $1.07 at $91.31, loins down $4.43 and ribs...

Cotton - Closing Report -

Cotton closed basically flat after being lower earlier in the day. The undercurrents keeping it from falling apart are the accumulation of on call...

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Inside Futures Commentart

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