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                            River Valley MFA

 

 
 
 
 
Alma Location
Russell Limback
Clay & Collins St.
Alma, Mo. 64001

660-674-2291
Higginsville Location
Matthew Beumer

105 W. 22nd Street
Higginsville, Mo. 64037

660-584-3676 
Lexington/Levasy Locations
 
Ryun Morris

2350 Monroe Street
Lexington, Mo. 64067

660-259-2261
Norborne Location
Seth Swindler

West Hwy. 10
Norborne, Mo. 64668

660-594-3341
Odessa Location
Matt McMullin

111 NW Railroad St.
Odessa, Mo. 64076

816-633-5591
 

Aaron Skinner 660-584-3676 General Manager
Evan Hoeppner 660-584-3676 Grain Coordinator

 
 

Need to Know
5/19/17

Trading volume was heavy to end the week as both commodities tried to erase yesterday’s sharp losses. Beans were able to finish in the green but weren’t able to get close to what they got knocked down yesterday. July closed a little over 8 pennies higher but lost a dime for the week as November new crop was able to rally 7 but lost 8 for the week. Funds were buyers of 4,000 contracts at mid-session but trade from the short side as they held an estimated 60,000 contract short as of this morning. The Real traded higher today so the Brazilian currency storyline came off the stove as 2-3% of their production was supposedly priced yesterday, helping narrow the gap between sales to date vs. standard sales to date. Brazil’s bean harvest is pretty well done and Argentina is estimated to be 75% done. Monday will bring updated planting progress domestically and most of the trade anticipates 55-60% complete. Corn traded 6 ½ higher on the nearby and 6 ¼ higher for new crop as both contracts were actually able to gain a little over a penny for the week after covering a lot of ground with not much to show for it. Funds were buyers of 7,000 contracts still remaining heavily on the short side with a reported 200,000+ contracts short position this morning. Not that it don’t have its bullish factors or bearish for that matter corn has pretty well been a follower. Like above corn covered a lot on the board this week and has a penny to show for it as the trend just continues sideways for now. Rain and cooler temperatures are projected for the 6-10 day over much of the Corn Belt according to the NOAA as corn planting progress Monday is expected to be 85% complete. In the area rainfall totals were in the range from .7-2” with most everyone saying it soaked in nicely. Evan



  Bids shown below are on a time delay, by DTN and are subject to change.
Please check with location for current Bids.
 

Local Cash Bids
Higginsville Delivery Basis   Cash    
 Corn Chart May    
  Chart July    
  Chart Fall '17    
 Soybeans Chart May    
  Chart July    
  Chart Fall '17    
 Wheat Chart June/July    
Alma Delivery Basis   Cash    
 Corn Chart May    
  Chart July    
  Chart Fall '17    
 Soybeans Chart May    
  Chart July    
  Chart Fall '17    
Lexington Delivery Basis   Cash    
 Corn Chart May    
  Chart July    
  Chart Fall '17    
 Soybeans Chart May    
  Chart July    
  Chart Fall '17    
Odessa Delivery Basis   Cash    
 Corn Chart May    
  Chart July    
  Chart Fall '17    
 Soybeans Chart May    
  Chart July    
  Chart Fall '17    
Price as of 05/23/17 03:39AM CDT.
Click to view more Cash Bids

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DTN Grain News
DTN Early Word Grains 05/22 05:56
DTN Midday Grain Comments 05/22 11:19
DTN Closing Grain Comments 05/22 13:55
DTN National HRS Index 05/22
Portland Grain Review 05/18
Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Mon, May 22
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 22
USDA Daily Market Rates 05/22 06:48

DTN Ag Headline News
Groups Push E15
"Do No Harm" Urged in Trade Talks
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Todd's Take
DTN Fertilizer Outlook
Stressing US-Mexican Trade
Second Time's the Charm

DTN Livestock News
DTN Cattle Close/Trends 05/22 15:35
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DTN Midday Livestock Comments 05/22 12:13
DTN Closing Livestock Comment 05/22 15:43
CME Feeder Cattle Index 05/22
Weekly Beef Export Sales 05/18 07:54
DTN Livestock Stats at a Glance
DTN Hog Close/Trends 05/22 14:55
Family Business Matters 05/15 10:26

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MFA News

MFA Precision featured in Successful Farmer Magazine Technology Spotlight 

MFA Precision and Lexington area farmer Lynn Fahrmeier are covered in the Technology Spotlight video series of Successful Farming Magazine. The Successful Farming Show #1009 aired originally on RFD-TV cable channel on March 16, 2017. Fahrmeier is an early adopter of precision technology and one of MFA's first customers in precision agriculture.

Fahrmeier was also the first with a multi-variety planter in the state. MFA Precision Agronomy set up Fahrmeier's existing planter with the ability to change types of seed while planting across the field.  

Click Here to see the RFD-TV feature.

Read more in the upcoming May issue of Today's Farmer magazine.

Click on the links below for more information about Lynn and MFA Precision.

• MFA Precision Agronomy  - https://www.mfa-inc.com/PrecisionAg
• Video of installation of Lynn Farmeier's planter by MFA Precision - https://www.youtube.com/edit?o=U&video_id=uCokDxEjYdY
• Brownfield Audio recording about the planter - https://www.youtube.com/edit?o=U&video_id=1zLf2ArCGyE
• Today's Farmer article mentioning Lynn - http://todaysfarmermagazine.com/mag/757-the-power-of-precision


Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 17 374'6 375'4 372'0 372'6 -2'2 375'0 03:27A Chart for @C7N Options for @C7N
Sep 17 382'0 382'6 379'4 380'0 -2'4 382'4 03:27A Chart for @C7U Options for @C7U
Dec 17 392'4 393'2 389'6 390'2 -2'4 392'6 03:27A Chart for @C7Z Options for @C7Z
Mar 18 402'0 402'6 399'4 400'2 -2'2 402'4 03:26A Chart for @C8H Options for @C8H
May 18 407'4 408'4 405'4 406'0 -2'0 408'0 03:26A Chart for @C8K Options for @C8K
Jul 18 412'0 412'6 409'6 410'2 -2'4 412'6 03:26A Chart for @C8N Options for @C8N
Sep 18 404'0 404'0 404'0 404'0 -2'4 406'4 03:27A Chart for @C8U Options for @C8U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 17 956'2 958'4 952'4 952'4 -4'0 956'4 03:27A Chart for @S7N Options for @S7N
Aug 17 958'0 960'0 954'4 955'0 -3'2 958'2 03:27A Chart for @S7Q Options for @S7Q
Sep 17 956'0 957'2 952'4 952'4 -3'4 956'0 03:27A Chart for @S7U Options for @S7U
Nov 17 956'2 957'6 952'0 952'4 -3'6 956'2 03:27A Chart for @S7X Options for @S7X
Jan 18 963'4 964'6 959'4 960'2 -3'0 963'2 03:27A Chart for @S8F Options for @S8F
Mar 18 964'6 965'2 962'0 962'2 -3'4 965'6 03:25A Chart for @S8H Options for @S8H
May 18 968'4 968'4 966'2 966'2 -3'4 969'6 03:27A Chart for @S8K Options for @S8K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 17 433'4 435'6 430'2 431'6 -2'4 434'2 03:27A Chart for @W7N Options for @W7N
Sep 17 447'2 449'2 444'0 445'4 -2'4 448'0 03:27A Chart for @W7U Options for @W7U
Dec 17 468'6 470'6 465'4 467'2 -2'4 469'6 03:27A Chart for @W7Z Options for @W7Z
Mar 18 487'6 488'2 483'6 485'0 -2'6 487'6 03:27A Chart for @W8H Options for @W8H
May 18 499'4 499'4 497'6 497'6 -1'4 499'2 03:27A Chart for @W8K Options for @W8K
Jul 18 508'4 508'4 508'2 508'2 0'0 508'2 03:27A Chart for @W8N Options for @W8N
Sep 18 520'0 525'6 520'0 525'0 0'4 519'6s 03:27A Chart for @W8U Options for @W8U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 17 435'0 436'0 431'6 432'4 -3'4 436'0 03:27A Chart for @KW7N Options for @KW7N
Sep 17 452'2 453'2 449'2 450'0 -3'0 453'0 03:27A Chart for @KW7U Options for @KW7U
Dec 17 477'6 478'2 474'4 475'4 -3'0 478'4 03:26A Chart for @KW7Z Options for @KW7Z
Mar 18 491'4 491'4 489'4 490'4 -3'0 493'4 03:27A Chart for @KW8H Options for @KW8H
May 18 508'6 511'0 504'2 504'2 -1'4 503'6s 03:27A Chart for @KW8K Options for @KW8K
Jul 18 509'6 509'6 509'6 509'6 -4'0 513'6 03:27A Chart for @KW8N Options for @KW8N
Sep 18 534'2 535'6 534'0 535'4 -1'6 526'6s 03:27A Chart for @KW8U Options for @KW8U
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
May 17 143.450 144.625 143.300 144.500 0.900 144.250s 05/22 Chart for @GF7K Options for @GF7K
Aug 17 151.100 153.550 150.375 153.550 2.325 152.775s 05/22 Chart for @GF7Q Options for @GF7Q
Sep 17 150.725 153.450 150.325 153.275 2.425 152.650s 05/22 Chart for @GF7U Options for @GF7U
Oct 17 149.550 152.225 149.075 152.075 2.425 151.500s 05/22 Chart for @GF7V Options for @GF7V
Nov 17 147.275 149.900 146.700 149.900 2.600 149.400s 05/22 Chart for @GF7X Options for @GF7X
Jan 18 141.025 143.850 140.450 143.850 2.700 143.475s 05/22 Chart for @GF8F Options for @GF8F
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Jun 17 123.700 125.125 123.150 124.300 0.475 123.925s 05/22 Chart for @LE7M Options for @LE7M
Aug 17 121.250 123.150 120.925 122.450 0.975 122.025s 05/22 Chart for @LE7Q Options for @LE7Q
Oct 17 116.775 119.000 116.750 118.800 1.725 118.400s 05/22 Chart for @LE7V Options for @LE7V
Dec 17 116.925 118.950 116.900 118.950 1.700 118.625s 05/22 Chart for @LE7Z Options for @LE7Z
Feb 18 117.000 118.900 117.000 118.900 1.475 118.575s 05/22 Chart for @LE8G Options for @LE8G
Apr 18 115.550 117.100 115.500 117.100 1.350 116.775s 05/22 Chart for @LE8J Options for @LE8J
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Jun 17 79.075 79.750 78.650 79.350 -0.150 79.350s 05/22 Chart for @HE7M Options for @HE7M
Jul 17 80.050 80.625 79.675 80.000 -0.125 80.050s 05/22 Chart for @HE7N Options for @HE7N
Aug 17 79.125 79.825 78.950 79.675 0.450 79.675s 05/22 Chart for @HE7Q Options for @HE7Q
Oct 17 67.850 68.100 67.800 68.100 0.025 67.925s 05/22 Chart for @HE7V Options for @HE7V
Dec 17 62.000 62.275 61.700 62.275 0.125 62.125s 05/22 Chart for @HE7Z Options for @HE7Z
Feb 18 65.725 65.850 65.500 65.800 0.050 65.775s 05/22 Chart for @HE8G Options for @HE8G
My Custom Markets
Symbol Open High Low Last Change Close Time More

Sights from River Valley MFA


If you have a picture to share, email to ehoeppner@mfa-inc.com



Local Conditions
Lexington, MO
Chg Zip Code: 
Temp: 55oF Feels Like: 55oF
Humid: 94% Dew Pt: 54oF
Barom: 29.87 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:56 Sunset: 8:27
As reported at Warrensburg, MO at 3:00 AM
 
Local Radar
Lexington, MO
Radar
 
Local Forecast
Lexington, MO

Tuesday

Wednesday

Thursday

Friday

Saturday
High: 64°F
Low: 53°F
Precip: 63%
High: 63°F
Low: 48°F
Precip: 62%
High: 74°F
Low: 48°F
Precip: 0%
High: 80°F
Low: 61°F
Precip: 30%
High: 79°F
Low: 64°F
Precip: 79%
View complete Local Weather
 
DTN Weather Summary
Rain Tuesday in Plains, Midwest
Bryce Anderson (Bio) – DTN Meteorologist

Heavy rain expected Tuesday in southern areas, while lighter coverage will cover the Plains and much of the Midwest. Drier in northwest areas. » More DTN Weather Commentary

Posted at 3:15PM Mon May 22, 2017 CDT

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