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Heart of Missouri MFA AgriServices - CLICK - MFA CUSTOMER PORTAL  
 
NEWS FOR HEART OF MISSOURI MFA
2/11/21

the February crop report came out on the 9th and the USDA did not adjust the corn carryout as much as what the traders were anticipating.  The traders were looking for a 200 million bushels decline but only got 50.   They did drop the soybean carryout to 120 million bushels, which was in line with what the traders were looking for.  Most still believe more drops are coming.  Expect a volatile market going forward with plenty of ups and downs, but prices should remain firm...at least until China decides they can buy grain cheaper from another place or the USDA makes upward revisions to the stocks report due to high prices curbing demand, but that doesn't seem to be the case so far.  Heard the other day that China actually cancelled south american purchases and bought more US beans...that is definitely a change of pace but it can go the other way just as fast.  South American harvest is starting which should slow down our export pace here on the front end.  Overall demand for corn and beans still seems to be going along pretty good, but high prices will eventually cure high prices.  There will be 2 major reports coming in March...the normal March crop report which i believe comes out March 12th and then the quarterly stocks and acres intention report that comes out on March 31.  I am sure that these prices will equate into a higher acre number than we have seen for a while. 

Crop Insurance:  We are in the month of February, which means the spring guarantee for crop insurance is being calculated as I type.  For corn, they use the average of the December futures during the month of February and for beans the average of the November futures.  This should be the highest spring price we have seen since 2013.  Once we hit October, it will take those same averages and that will be your harvest price and you get to use whichever one is higher.  MFA crop insurance has other tools available which allows you to add additional months.  March 15th is fast approaching to sign up for crop insurance or to make any changes to your policies...Please call Nathan if you have any questions 

Livestock:  As temps start to drop your livetock nutrient needs will increase dramatically.  For instance, if it is 20 degrees outside and your cow are dry, their energy needs are 100%, but if they are wet and cold, their nutrient needs jump to 180%.  Please keep this in mind as the weather fluctuates like it does here in Missouri.  The hay that your livestock is eating may not be enough as Mo weather kicks in.  Calving season will be here before we know it as well, please call your local MFA and ask about Ricochet mineral.  It is designed to increase colostrum quality as well as helping to get that cow bred back early for the next calving season. 

Thank you for your business! 


Local Cash Bids
Boonville Delivery Cash   Basis    
 #2 Y Corn Chart March    
  Chart fall 2021    
 #2 Soybeans Chart March    
  Chart fall 2021    
 #1 S. Wheat Chart new crop wheat    
Fayette Delivery Cash   Basis    
 #2 Y Corn Chart March    
  Chart fall 2021    
 #2 Soybeans Chart March    
  Chart fall 2021    
 #1 S. Wheat Chart new crop wheat    
Glasgow Delivery Cash   Basis    
 #2 Y Corn Chart March    
  Chart fall 2021    
 #2 Soybeans Chart March    
  Chart fall 2021    
 #1 S. Wheat Chart new crop wheat    
Salisbury Delivery Cash   Basis    
 #2 Y Corn Chart March    
  Chart fall 2021    
 #2 Soybeans Chart March    
  Chart fall 2021    
 #1 S. Wheat Chart new crop wheat    
Price as of 03/06/21 06:02AM CST.
Click to view more Cash Bids

MFA Contacts

Boonville Location:
1605 Radio Hill Road, Boonville, MO 65233
Location Manager:
Ronnie Anderson 660-882-2786
Fertilizer Plant: 660-882-7202

Lone Elm: 660-882-2786
  

Fayette Location:
111 Armstrong St., Fayette, MO 65248
Location Manager: 
Larry Kramm 660-248-3303


Glasgow Location:
402 10th Street  Glasgow, MO 65254
Location Manager:
Shawn Frevert 660-338-2251


Salisbury Location
304 W. Front St., Salisbury, MO 65281
Location Manager: 
Blake Erickson  660-388-6421 

Grain Originator: 
Nathan Oglesby 
Office 1-800-257-4735

Cell 660-728-2252

 


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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 21 545'0 564'6 544'4 564'4 15'6 562'0s 03/05 Chart for @C1H Options for @C1H
May 21 531'0 547'4 530'0 547'2 13'0 545'4s 03/05 Chart for @C1K Options for @C1K
Jul 21 520'6 535'4 520'0 535'0 11'4 534'0s 03/05 Chart for @C1N Options for @C1N
Sep 21 491'0 499'2 489'6 499'2 7'2 499'0s 03/05 Chart for @C1U Options for @C1U
Dec 21 475'2 482'2 474'0 482'0 6'0 481'4s 03/05 Chart for @C1Z Options for @C1Z
Mar 22 483'0 489'6 482'0 489'2 5'6 489'0s 03/05 Chart for @C2H Options for @C2H
May 22 487'0 493'4 486'0 492'6 5'2 492'6s 03/05 Chart for @C2K Options for @C2K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 21 1414'2 1437'2 1414'2 1437'2 19'0 1434'2s 03/05 Chart for @S1H Options for @S1H
May 21 1410'4 1433'2 1403'2 1433'2 19'4 1430'0s 03/05 Chart for @S1K Options for @S1K
Jul 21 1394'4 1416'6 1386'2 1416'4 18'6 1413'6s 03/05 Chart for @S1N Options for @S1N
Aug 21 1351'0 1373'0 1344'2 1373'0 19'2 1371'0s 03/05 Chart for @S1Q Options for @S1Q
Sep 21 1274'0 1294'0 1267'0 1292'2 18'4 1292'2s 03/05 Chart for @S1U Options for @S1U
Nov 21 1230'0 1248'0 1223'0 1248'0 16'6 1247'2s 03/05 Chart for @S1X Options for @S1X
Jan 22 1226'6 1243'4 1220'6 1243'4 15'2 1242'4s 03/05 Chart for @S2F Options for @S2F
Mar 22 1204'6 1219'2 1204'2 1217'0 10'6 1218'0s 03/05 Chart for @S2H Options for @S2H
May 22 1197'2 1211'4 1193'6 1209'6 10'0 1211'0s 03/05 Chart for @S2K Options for @S2K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 21 649'4 657'4 647'0 653'2 4'2 654'0s 03/05 Chart for @W1H Options for @W1H
May 21 651'0 660'6 646'6 654'4 2'0 653'0s 03/05 Chart for @W1K Options for @W1K
Jul 21 641'2 649'0 636'6 645'4 2'2 643'2s 03/05 Chart for @W1N Options for @W1N
Sep 21 640'0 646'6 636'2 644'0 2'2 642'0s 03/05 Chart for @W1U Options for @W1U
Dec 21 645'0 651'6 641'2 649'0 2'0 647'0s 03/05 Chart for @W1Z Options for @W1Z
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Mar 21 135.250 135.725 133.650 135.500 - 0.500 134.600s 03/05 Chart for @GF1H Options for @GF1H
Apr 21 139.050 139.925 137.225 139.475 0.050 139.025s 03/05 Chart for @GF1J Options for @GF1J
May 21 142.725 147.475 142.050 144.800 2.500 145.150s 03/05 Chart for @GF1K Options for @GF1K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 21 118.725 119.325 118.500 119.000 0.475 119.025s 03/05 Chart for @LE1J Options for @LE1J
Jun 21 117.225 118.100 116.800 117.950 1.025 118.000s 03/05 Chart for @LE1M Options for @LE1M
Aug 21 116.325 117.200 116.000 116.975 0.850 117.075s 03/05 Chart for @LE1Q Options for @LE1Q
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Apr 21 87.800 87.800 86.700 87.375 -0.125 87.175s 03/05 Chart for @HE1J Options for @HE1J
May 21 89.325 90.200 88.875 89.225 0.075 89.475s 03/05 Chart for @HE1K Options for @HE1K
Jun 21 95.025 95.650 94.650 95.250 0.700 95.425s 03/05 Chart for @HE1M Options for @HE1M
@DC - WASHINGTON D.C. HOME PRICE INDEX - CME
Month Open High Low Last Change Close Time More
May 21 262.40 262.80 262.80s 03/05 Chart for @DC1K Options for @DC1K
Aug 21 269.40 269.40 267.40 267.40s 03/05 Chart for @DC1Q Options for @DC1Q
Nov 21 269.90 269.90 267.40 267.40s 03/05 Chart for @DC1X Options for @DC1X
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Local Conditions
Glasgow, MO
Chg Zip Code: 
Temp: 30oF Feels Like: 30oF
Humid: 78% Dew Pt: 24oF
Barom: 30.34 Wind Dir: SSW
Cond: N/A Wind Spd: 0 mph
Sunrise: 6:34 Sunset: 6:08
As reported at OB, MO at 5:00 AM
 
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Dry Saturday Expected
Bryce Anderson (Bio) – DTN Meteorologist
Posted at 1:25PM Fri Mar 5, 2021 CST

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To read Today's Farmer Online Please visit  http://www.todaysfarmermagazine.com/

Informational Links
Informational Links:

http://www.brownfieldnetwork.com/agriculturetoday/

http://www.farmgate.uiuc.edu/
.  

This link will take you to the FAPRI website where producers can download a program to help them determine if the ACRE program is right for their operation.  http://fapri.missouri.edu/farmers_corner/tools/ACRE.asp


 
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