Maizeing Acres Inc. Cash Bids
Notes Basis Cash Price (tonne) Cash Price Futures Price Basis Month
Corn
Soybeans
Wheat, SRW

Quotes are delayed, as of April 23, 2024, 12:08:09 PM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Corn
Quotes are delayed, as of April 23, 2024, 12:08:09 PM CDT or prior.
Soybeans
Quotes are delayed, as of April 23, 2024, 12:08:09 PM CDT or prior.
Wheat
Quotes are delayed, as of April 23, 2024, 12:08:09 PM CDT or prior.
Canadian Dollar
Quotes are delayed, as of April 23, 2024, 12:08:09 PM CDT or prior.
Important Information

 

Office (call or text): 705-313-2082
Donna: donna@maizeingacresinc.com
cell: 705-930-3488
Pete: pdarcher@xplornet.com cell: 613-391-9218 

 

Current Weekday Hours: 7 am - 4 pm

Weekends: Closed

Stronger markets to kick off the week. The $220 target orders at Campbellford hit yesterday. It would be good to have an action plan in place before you head to the field. You like autosteer on tractors; it's even better on marketing. We are also going to start our Average Price Contracts May 1. We will be using Wednesday closing prices for the following 7 weeks on all 3 commodities to establish the average price. All you need to do is commit a tonnage to the program by May 1 and you end up with a forward contract at the end for that tonnage. It is a firm commitment as we will be selling futures each week to hedge this. If we see a big spike higher along the way, we can go ahead and price the balance out at that point. Theoretically it should get some pricing done during the seasonal rally. How effective it is really depends on timing. If we only get one high priced week, that price may be watered down with 6 lower priced ones. This is one more tool in your grain marketing toolbox, and is a good option to sell some of your production.  How much should you sell?  Probably 10-20% of your anticipated production would be a good start. It's better than doing nothing at this time of year, but you should still use target orders with a plan to recalibrate if they are not filled by late June. Call with any questions.

Ag Market Commentary
Hogs Shooting Higher on Tuesday -

Lean hogs are posting $1.25 to $2.15 gains on Tuesday. USDA’s National Average Base Hog negotiated price was up 70 cents from the Monday afternoon

Cattle Reversing Action on Turnaround Tuesday -

Live cattle are back down $1 to $1.32 on Tuesday’s midday. Cash action was negligible on Monday, with showlists being compiled. Last week’s

Wheat Extending Strength on Deteriorating Crop Conditions -

The wheat market is continuing the push higher at midday. Chicago contracts are 7 to 10 cents higher so far. Kansas City is trading 8 to 9 ½ cents

Cotton Pushing Back Lower at Midday -

The cotton market showing losses on Turnaround Tuesday, to continue the slide with 25 to 131 point losses. They are shrugging off outside market

Soybeans Slightly Higher on Tuesday -

Soybean futures are up anywhere from fractionally in the new crop months to 4 cents in the nearbys at midday. Soymeal is down 20 cents to $1 so far,

Corn Turning Overnight Weakness to Midday Strength -

Corn futures are pushing higher across the front months on Tuesday. Contracts are up 1 to 3 cents so far, extending the Monday strength. Monday

Full commentary...


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