DTN Corn News

DTN Early Word Grains 10/21 05:54 Grain Markets Higher as Harvest Delays Persist December corn is up 2 cents per bushel, November soybeans are up 5 1/2 cents, and December K.C. wheat is up 3 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 2 cents per bushel, November soybeans are up 5 1/2 cents, and December K.C. wheat is up 3 1/4 cents. CME Globex Recap: Global equity markets are higher around the globe, despite a weekend vote in the U.K. that failed to secure backing for an official 'Brexit.' According to financial media, British Prime Minister Boris Johnson will make another attempt Monday to secure a win with parliament and have his Brexit deal with the European Union supported. Grain markets have shaken off early session weakness to post gains across the board as additional delays loom with U.S. harvest as a giant band of moisture stretches from eastern Texas to North Dakota and works east. The weekly progress report on Monday afternoon should show sizable delays relative to average on both corn and soybean harvest, although decent progress was made on bean harvest before the weekend moisture. No updates to the U.S.-China trade deal, but that will continue to grab headlines as we get ready for the economic conference in Chile which both President Trump and President Xi are expected to attend. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 255.68 at 26,770.20 and the S&P 500 down 11.75 at 2,997.95 while the 10-Year Treasury yield ended at 1.747%. Early Monday, the December DJIA futures are up 31 points. Asian markets are higher with Japan's Nikkei 225 up 56.22 (0.25%) and China's Shanghai Composite up 1.48 points (0.05%). European markets are higher with London's FTSE 100 up 6.8 points (0.1%), Germany's DAX up 68.09 points (0.54%) and France's CAC 40 up 3.87 points (0.07%). The December Euro is up 0.000 at 1.120 and the December U.S. dollar index is down 0.063 at 96.945. The December 30-Year T-Bond is down 22/32nds, while December gold is down $0.10 at $1,494.00 and November crude oil is down $0.40 at $53.38. Soybeans on China's Dalian Exchange were up 0.12% while soybean meal was up 1.46%.

GRAIN BELT WX ROUNDUP Ohio Morning Temperature And Precipitation Summary National Weather Service Cleveland Ohio 818 AM EDT Sun Oct 20 2019 Values represent highs yesterday...lows over the last 12 hours and precipitation over the last 24 hours ending at 7 AM EST/8 AM EDT. M=Missing Data T=Trace NA=Not Available : .BR CLE 1020 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ :Automated Suface Observation Systems (ASOS) Sites :................................................................... : Station Max / Min / 24-HR / Snow / Snow : Name Temp / Temp / PCPN / Fall / Depth :................................................................... ---NORTHWEST OHIO--- AOH: Lima Allen Apt : M / M / 0.00 / NA / NA DFI: Defiance Mem Apt : 65 / 48 / 0.00 / NA / NA FDY: Findlay Apt : 64 / 45 / 0.00 / NA / NA TDZ: Toledo Executive Apt: 63 / 47 / 0.00 / NA / NA TOL: Toledo Express Apt : 65 / 46 / 0.00 / 0.0 / 0.0 : ---NORTHEAST OHIO--- CLE: Cleveland Hopkins : 66 / 46 / 0.00 / 0.0 / 0.0 BKL: Burke Lakefront Apt : 64 / 52 / 0.00 / NA / NA LPR: Lorain / Elyria Apt : M / 45 / 0.00 / NA / NA HZY: Northeast Ohio Apt : 60 / 41 / 0.00 / NA / NA CAK: Akron-Canton Apt : 66 / 48 / 0.00 / 0.0 / 0.0 AKR: Akron Fulton Apt : 65 / 43 / 0.00 / NA / NA BJJ: Wooster/Wayne Co Apt: 63 / 38 / 0.00 / NA / NA MFD: Mansfield Lahm Apt : 65 / 46 / 0.00 / 0.0 / 0.0 YNG: Youngstown Apt : 63 / 43 / 0.00 / 0.0 / 0.0 : ---SOUTHWEST OHIO--- LUK: Cincy Lunken Apt : 72 / 49 / 0.00 / NA / NA CVG: Cincy N. Kentucky : 71 / 53 / 0.00 / M / M HAO: Hamilton : 72 / 46 / 0.00 / NA / NA DAY: Dayton Apt : 69 / 49 / 0.00 / M / M MGY: Wright Bros Apt : 72 / 52 / 0.00 / NA / NA ILN: Wilmington : 68 / 51 / 0.00 / NA / NA : ---CENTRAL AND SOUTHEAST OHIO--- CMH: John Glenn APT : 67 / 48 / 0.00 / M / M OSU: OSU Apt : 64 / 47 / 0.00 / NA / NA VTA: Newark : 68 / 41 / 0.00 / NA / NA MNN: Marion Apt : 64 / 46 / 0.00 / NA / NA LHQ: Lancaster : 67 / 43 / 0.00 / NA / NA ZZV: Zanesville Apt : 66 / 44 / 0.00 / NA / NA PHD: New Philadelphia : 66 / 43 / 0.00 / NA / NA : .END These Data are preliminary and have not undergone final quality control by the National Center for Environmental Information (NCEI). Therefore...these data are subject to revision. Final and certified data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Indiana National Weather Service Indianapolis IN 845 AM EDT Sun Oct 20 2019 Values represent yesterday's high and low temperatures over the last 12 hours, 24-hour precipitation ending at 7:00 a.m. EST/8:00 a.m. EDT, and snow depth at 7:00 a.m. EST/8:00 a.m. EDT. .BR IND 1020 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : : Indiana Temperature and Precipitation Stations :................................................................ : Station Max / Min / 24-Hr / Snow / Snow : Name Temp/ Temp/ Precip / Fall / Depth :................................................................ : : EVV : Evansville : 74 / 50 / 0.00 / M / M FWA : Fort Wayne : 68 / 43 / 0.00 / 0.0 / 0 IND : Indianapolis : 70 / 49 / T / 0.0 / 0 SBN : South Bend ASOS : 66 / 50 / 0.02 / 0.0 / 0 : :Automated Surface Observation Stations/Unofficial Data BMG : Bloomington : 71 / 49 / T / M / M EYE : Eagle Creek Arpt : 70 / 48 / 0.00 / M / M GSH : Goshen ASOS : 66 / 49 / 0.00 / M / M LAF : Lafayette : 71 / 50 / 0.00 / M / M MIE : Muncie : 72 / 51 / T / M / M IWX : Nortern Indiana W : 66 / 50 / T / 0.0 / 0 GEZ : Shelbyville : 72 / 46 / 0.00 / M / M HUF : Terre Haute : 70 / 45 / 0.00 / M / M VPZ : Valparaiso : 70 / 55 / T / M / M : :U.S. Climate Reference Network/Non-Commissioned Site/Unofficial Data FPCI3: Oolitic 2.6 WSW : 71 / 52 / 0.00 / M / M : :Unavailable parameters are indicated by M. .END These data are preliminary and have not undergone final quality control by NCEI. Therefore, these data are subject to revision. Final and certified climate data can be accessed at the National Centers for Environmental Information /NCEI/ - www.ncdc.noaa.gov. $$ Michigan Temperature and Precipitation Summary National Weather Service Gaylord MI 853 AM EDT Sun Oct 20 2019 Yesterday's High Temperature 12 hour Low Temperature ending at 8 am EDT 24 hr Precipitation total ending at 8 am EDT M= Missing Data T=Trace .BR APX 1020 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ :............................................................. : MAX MIN 24 HOUR :ID LOCATION TEMP TEMP PRECIP :............................................................. :-- Upper Peninsula Stations -- CMX : Houghton County Airpor : 53 / 39 / 0.08 P59 : Copper Harbor : 55 / 45 / M IMT : Iron Mountain Airport : 61 / 40 / 0.00 MQT : NWS Marquette : 60 / 37 / 0.04 SAW : Gwinn : 61 / 39 / M IWD : Ironwood Airport : 54 / 35 / M ESC : Escanaba : 56 / 39 / M MNM : Menominee : 61 / 43 / M ERY : Newberry : 61 / 51 / M ANJ : Sault Ste Marie : 57 / 49 / 0.08 :-- Northern Lower Peninsula Stations -- PLN : Pellston : 63 / 42 / 0.01 TVC : Traverse City : 65 / 51 / 0.00 GLR : Gaylord : 58 / 45 / 0.01 APN : Alpena : 58 / 41 / 0.03 HTL : Houghton Lake : 60 / 45 / 0.08 :-- Southwest Lower Peninsula Stations -- GRR : Grand Rapids : 61 / 49 / 0.05 LAN : Lansing : 61 / 49 / 0.00 MKG : Muskegon : 65 / 49 / 0.01 AZO : Kalamazoo : 64 / 50 / 0.01 BTL : Battle Creek : 63 / 50 / 0.00 BIV : Holland : 62 / 48 / 0.06 JXN : Jackson : 62 / 46 / 0.00 BEH : Benton Harbor : 63 / 48 / 0.01 :-- Southeast Lower Peninsula Stations -- ADG : Adrian - ASOS : 62 / 44 / 0.00 DET : Detroit City - ASOS : 61 / 44 / 0.00 DTW : Detroit Metro - Asos : 61 / 45 / 0.00 FNT : Flint - ASOS : 63 / 45 / 0.00 PTK : Pontiac - Asos : 60 / 43 / 0.01 MBS : Saginaw - ASOS : 60 / 45 / 0.00 WHK : White Lake : 59 / 43 / T .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information. Therefore...these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/min Temperatures And Precipitation Table For Southeast And South-central Wisconsin Including COOP Observers National Weather Service Milwaukee/Sullivan WI 835 AM CDT Sun Oct 20 2019 .BR MKE 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ High temperatures are for the previous 24 hours ending at 1 AM. Low temperatures are for the previous 12 hours ending at 7 AM. Precipitation and new snow are for the previous 24 hours ending at 7 AM. Snow on the ground is as of 7 AM. New Snow on High Low Precip Snow Ground Temp Temp (in.) (in.) (in.) MKE : Milwaukee ASOS: 64 / 50 / 0.00 / / MSN : Madison ASOS: 62 / 48 / 0.01 / / FLD : Fond Du Lac ASOS: 64 / 48 / T SBM : Sheboygan ASOS: 59 / 46 / 0.00 ENW : Kenosha ASOS: 68 / 44 / T RAC : Racine ASOS: 59 / 48 / 0.00 LNR : Lone Rock ASOS: 52 / 48 / 0.10 C35 : Reedsburg AWOS: 55 / 44 DLL : Baraboo/Dells AWOS: 55 / 44 UNU : Juneau AWOS: 59 / 46 ETB : West Bend AWOS: 64 / 45 MRJ : Mineral Point AWOS: 55 / 41 C29 : Middleton-5 NW AWOS: 63 / 48 RYV : Watertown AWOS: 62 / 47 UES : Waukesha AWOS: 63 / 45 MWC : Milw.-Timmerman AWOS: 64 / 45 EFT : Monroe AWOS: 60 / 46 JVL : Janesville AWOS: 64 / 48 BUU : Burlington AWOS: 66 / 46 .End .BR MKE 1020 C DH07/TAIRZX/TAIRZN/PPDRZZ/SFDRZZ/SDIRZZ The data below is from NWS official and unofficial COOP weather observers. The data is for the 24 hours ending around 7 AM. In some weather situations, the reported low temperatures may reflect conditions from the previous morning. New Snow on : Obs High Low Precip Snow Ground ID Location Time Temp Temp (in.) (in.) (in.) AFTW3: Afton WWTP : DH0700/ 64 / 48 / 0.00 / / BEAW3: Beaver Dam WWTP : DH0700/ 62 / 47 / 0.00 / 0.0 / 0 BLGW3: Belgium WWTP : DH0700/ 55 / 44 / 0.00 / 0.0 / 0 BLTW3: Beloit College : DH0600/ 65 / 47 / 0.00 / 0.0 / 0 BROW3: Brodhead WWTP : DH0700/ 63 / 47 / T / / BFDW3: Brookfield WWTP : DH0818/ 66 / 46 / 0.00 / 0.0 / 0 BGTW3: Burlington WWTP : DH0700/ 65 / 43 / 0.00 / 0.0 / 0 CLIW3: Clinton WWTP : DH0815/ 64 / 46 / 0.04 / 0.0 / 0 DLNW3: Delavan WWTP : DH0600/ 66 / 48 / 0.00 / 0.0 / 0 FCDW3: Fond Du Lac 2 SW : DH0700/ 62 / 47 / T / 0.0 / 0 FATW3: Ft. Atkinson WWTP : DH0600/ 64 / 48 / T / / HORW3: Horicon WWTP : DH0700/ 60 / 46 / T / 0.0 / 0 JFNW3: Jefferson WWTP : DH0700/ 63 / 37 / T / / LGEW3: Lake Geneva WWTP : DH0700/ / / 0.00 / 0.0 / 0 CHMW3: Madison UW Charmany F.: DH0700/ / / 0.03 / 0.0 / 0 MTOW3: Milton WWTP : DH0700/ / / 0.00 / / MONW3: Monroe WWTP : DH0700/ 61 / 46 / 0.00 / 0.0 / 0 MRBW3: Mt. Horeb WWTP : DH0700/ / / 0.08 / 0.0 / 0 OCOW3: Oconomowoc WWTP : DH0600/ 65 / 47 / 0.00 / 0.0 / 0 GIBW3: Oostburg WWTP : DH0700/ / / 0.00 / / PYRW3: Palmyra WWTP UCOOP : DH0700/ / / 0.00 / 0.0 / 0 PORW3: Portage WWTP : DH0800/ 57 / 46 / 0.24 / 0.0 / 0 RBGW3: Reedsburg WWTP : DH0700/ 56 / 45 / 0.10 / 0.0 / 0 ROCW3: Rochester WWTP : DH0800/ 66 / 48 / 0.00 / 0.0 / 0 SAVW3: Saukville WWTP : DH0600/ 60 / 46 / 0.00 / 0.0 / 0 SEEW3: South Milwaukee WWTP : DH0753/ 59 / 40 / 0.00 / / SLRW3: Slinger WWTP : DH0700/ 63 / 44 / 0.00 / 0.0 / 0 TAHW3: Taycheedah UCOOP : DH0645/ 60 / 43 / T / 0.0 / 0 UGRW3: Union Grove WWTP : DH0700/ 66 / / 0.00 / 0.0 / 0 LOOW3: Waterloo WWTP : DH0620/ 63 / / 0.00 / 0.0 / 0 WATW3: Watertown WWTP : DH0700/ 59 / 44 / 0.00 / / WTBW3: West Bend : DH0600/ 64 / 43 / 0.00 / 0.0 / 0 WSTW3: West Bend Fire Dept. : DH0700/ / / 0.00 / 0.0 / 0 WHTW3: Whitewater WWTP : DH0713/ 65 / 47 / 0.00 / 0.0 / 0 .End .BR MKE 1020 C DH00/TAIRZX/TAIRZN/PPDRZZ/SFDRZZ/SDIRZZ Data for the 24 hours ending at midnight. New Snow on Obs High Low Precip Snow Ground Time Temp Temp (in.) (in.) (in.) .End Data below is from the CoCoRaHS network and is for the 24 hours ending around 7 AM. New Snow on Precip Snow Ground (in.) (in.) (in.) ID County Location WSB19: Sheboygan Sheboygan : 0.00 / 0.0 / WSK02: Sauk Rock Springs 3 WSW : 0.14 / / WSK15: Sauk Reedsburg : 0.09 / / WCB11: Columbia Poynette 6 WNW : 0.27 / / WDD06: Dodge Theresa : T / / WDA46: Dane Madison 6 W : 0.04 / / WDA13: Dane Madison 4 WSW : 0.03 / / WDA33: Dane Oregon : T / / WJF02: Jefferson Watertown 2 ESE : T / 0.0 / 0 WJF13: Jefferson Ft. Atkinson : 0.00 / / WRK07: Rock Janesville 5 N : 0.00 / 0.0 / WRK12: Rock Janesville 3 W : 0.00 / 0.0 / 0 WRK15: Rock Beloit 1 ESE : 0.00 / 0.0 / WWS27: Washington Richfield 3 WNW : 0.00 / / WWK54: Waukesha Waukesha 2 NW : 0.00 / 0.0 / 0 WWK34: Waukesha Mukwonago 5 W : T / / WOZ17: Ozaukee Newburg : 0.00 / 0.0 / 0 WMW43: Milwaukee Brown Deer 1 NW : 0.00 / 0.0 / WMW14: Milwaukee Milwaukee 4 NNW : 0.00 / 0.0 / WWW12: Walworth Elkhorn : 0.00 / 0.0 / 0 WRC03: Racine Racine 2 WSW : 0.00 / 0.0 / 0 WKN18: Kenosha Twin Lakes 2 NE : 0.00 / 0.0 / WKN06: Kenosha Kenosha 2 S : 0.00 / 0.0 / 0 .End These data are preliminary and have not undergone final quality control by the National Centers for Enviornmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at: www.ncei.noaa.gov $$ Maximum/Minimum Temperature and Precipitation Table National Weather Service Chicago/Romeoville IL 733 AM CDT Sun Oct 20 2019 High temperature yesterday Low temperature last 12 hours Precipitation last 24 hours .BR LOT 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ :ID Location High Low Pcpn ORD : Chicago-O'Hare : 68 / 49 / T CNII2: Chi-Northerly Isle : 69 / 52 / MDW : Chicago-Midway : 70 / 53 / T LOTI2: NWS Romeoville : 69 / 47 / T RFD : Rockford : 66 / 48 / T DPA : DuPage Airport : 69 / 48 / T UGN : Waukegan : 65 / 48 / T ARR : Aurora Airport : 70 / 43 / T PWK : Wheeling : 69 / 48 / T MLI : Moline : 64 / 47 / T BMI : Bloomington : 70 / 52 / T CMI : Champaign : 72 / 53 / T DEC : Decatur : 70 / 54 / T LWV : Lawrenceville : 72 / 48 / 0.00 ILX : NWS Lincoln : 70 / 53 / 0.02 MTO : Mattoon : 68 / 53 / 0.00 PIA : Peoria : 68 / 49 / T SPI : Springfield : 69 / 54 / T CPS : Cahokia : 71 / 53 / T UIN : Quincy : 64 / 42 / T MDH : Carbondale : 73 / 45 / 0.00 .END Please note that only the readings for Chicago-O'Hare, Rockford, Lincoln, Peoria, Springfield, and Moline are to be used for climatological purposes. Other stations are supplemental, and should not be used for official climatological data. These data are preliminary and have not undergone final quality control by the National Center for Environmental Information /NCEI/. Therefore... These data are subject to revision. Final and certified climate data can be accessed at www.ncei.noaa.gov. $$ Petr Max/Min Temperature And Precipitation Table For Missouri National Weather Service St Louis MO 737 AM CDT Sun Oct 20 2019 High temperature yesterday Low temperature past 12 hours 24 hour precipitation ending at 6 AM CST/7 AM CDT .BR LSX 1020 CS DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ :............................................................... : Station | Max | Min | 24-hr | Snow | Snow | : Name | Tmp | Tmp | Precip | Fall | Depth | :............................................................... : CGI : Cape Girardeau : 72 / 47 / 0.00 / / CDJ : Chillicothe : 64 / 41 / 0.10 / / COU : Columbia : 61 / 42 / 0.10 / 0.0 / 0 FAM : Farmington : 70 / 52 / T / / JEF : Jefferson City : 61 / 49 / 0.11 / / JLN : Joplin : 69 / 47 / 0.01 / / MCI : Kansas City Intl : 67 / 43 / 0.02 / 0.0 / 0 MKC : Kansas City Dwtn : 66 / 46 / T / / IRK : Kirksville : 56 / 38 / 0.03 / / AIZ : Osage Beach : 62 / 49 / 0.12 / / POF : Poplar Bluff : 69 / 50 / 0.00 / / STJ : St. Joseph : 69 / 38 / 0.00 / / DMO : Sedalia : 58 / 43 / 0.05 / / SUS : Chesterfield : 71 / 52 / 0.01 / / SGF : Springfield : 63 / 44 / 0.03 / 0.0 / 0 SET : St Charles : M / M / M / / STL : St. Louis : 70 / 55 / T / 0.0 / 0 VIH : Rolla/Vichy : 66 / 41 / 0.14 / / UNO : West Plains : 69 / 51 / 0.03 / / .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information. (NCEI) Therefore, these data are subject to revision. Final and certified data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Central Iowa National Weather Service Des Moines IA 755 AM CDT Sun Oct 20 2019 .BR DMX 1020 C DH01/DC1910200750/TAIRZX/DH07/TAIRZP/PP/SF/SD : : Values represent highs yesterday...12-hour lows... : and 24-hour precipitation ending at 7 AM Central Time : : Max Min Snow : Location Temp Temp Pcpn Snow Depth : LWD : Lamoni ASOS : 64 / 43 / 0.11 / / AMW : Ames ASOS : 63 / 34 / 0.16 / / DSM : Des Moines ASOS : 64 / 42 / 0.06 / 0.0 / 0 DMX : NWS Johnston* : 63 / 42 / 0.09 / 0.0 / 0 MIW : Marshalltown ASOS : 59 / 34 / 0.23 / / EST : Estherville ASOS : 66 / 32 / 0.03 / / FOD : Fort Dodge AWOS : 68 / 35 / T / / MCW : Mason City ASOS : 66 / 32 / 0.04 / / MSCI4: Mason City* : M / M / M / M / M ALO : Waterloo ASOS : 58 / 33 / 0.26 / M / M OTM : Ottumwa ASOS : 57 / 35 / 0.09 / / : :* Cooperative weather observation site : : : Other Automated Locations : : ...North Central Iowa... AXA : Algona AWOS : 68 / 36 / 0.00 / / CAV : Clarion AWOS : 68 / 37 / 0.03 / / FXY : Forest City AWOS : 66 / 32 / 0.01 / / HPT : Hampton AWOS : 63 / 36 / 0.07 / / : : ...West Central Iowa... ADU : Audubon AWOS : 66 / 32 / 0.00 / / CIN : Carroll AWOS : 68 / 39 / 0.00 / / DNS : Denison AWOS : 66 / 41 / 0.00 / / : : ...Central Iowa... IKV : Ankeny AWOS : 63 / 36 / 0.04 / / BNW : Boone AWOS : 64 / 39 / 0.08 / / GGI : Grinnell AWOS : 58 / 38 / 0.10 / / IFA : Iowa Falls AWOS : 66 / 35 / 0.12 / / TNU : Newton AWOS : 59 / 37 / 0.12 / / PRO : Perry AWOS : 67 / 36 / 0.01 / / NSSI4: Prairie City/NS NWR: 61 / 39 / 0.15 / / EBS : Webster City AWOS : 66 / 36 / 0.00 / / : : ...Southwestern Iowa... AIO : Atlantic AWOS : 66 / 34 / 0.00 / / : : ...South Central Iowa... TVK : Centerville AWOS : 57 / 37 / 0.09 / / CNC : Chariton AWOS : 61 / 39 / 0.19 / / CSQ : Creston AWOS : 63 / 43 / 0.02 / / OXV : Knoxville AWOS : 61 / 41 / 0.07 / / SSFI4: Lucas/Stephens SF : 63 / 43 / 0.14 / / I75 : Osceola AWOS : 63 / 43 / 0.10 / / PEA : Pella AWOS : 61 / 39 / 0.03 / / : : ...Southeastern Iowa... OOA : Oskaloosa AWOS : 59 / 37 / 0.05 / / : .END These data are preliminary and have not undergone final quality control /QC/ by NCDC. Therefore, these data are subject to revision. Final and certified climate data can be accessed at the National Climatic Data Center /NCDC/ - www.ncdc.noaa.gov . $$ State Temperature And Precipitation Summary National Weather Service Bismarck ND 749 AM CDT Sun Oct 20 2019 .BR BIS 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : :VALUES REPRESENT YESTERDAY'S HIGHS...LOWS OVER THE LAST 12 HOURS :AND PRECIPITATION FOR THE PAST 24 HOURS ENDING AT 7 AM CDT. :ASOS SITES ARE AUTOMATED AND MAY UNDER-ESTIMATE WINTER PRECIP. : :CENTRAL TIME ZONE STATIONS :................................................................ : STATION MAX / MIN / 24-HR / SNOW / SNOW : NAME TEMP/ TEMP / PRECIP / FALL / DEPTH :................................................................ : : CENTRAL TIME ZONE STATIONS .BR BIS 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ BIS : Bismarck ASOS : 59 / 29 / 0.00 / 0.0 / 0 JMS : Jamestown FAA : 55 / 31 / 0.00 / M / M MOT : Minot FAA : 59 / 32 / 0.00 / M / M XWA : Williston Airport : M / M / M / M / M N60 : Garrison ASOS : 57 / 26 / 0.00 / M / M MIB : Minot Air Force Bas: 58 / 30 / 0.00 / M / M GFK : ASOS @ Grand Forks : 59 / 31 / 0.00 / 0.0 / 0 FAR : ASOS @ Fargo Airpor: 59 / 33 / 0.00 / 0.0 / 0 RDR : ASOS @ Grand Forks : 60 / M / 0.00 / M / M DVL : AWOS @ Devils Lake : 53 / 30 / 0.00 / M / M .END : MOUNTAIN TIME ZONE STATIONS .BR BIS 1020 M DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ DIK : Dickinson Theodore : 56 / 28 / 0.00 / M / M HEI : Hettinger ASOS : 56 / 24 / 0.00 / M / M .END These data are preliminary and have not undergone final quality control by the National Center for Environmental Information /NCEI/. Therefore these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/Min Temperature and Precipitation Table For SD National Weather Service Sioux Falls SD 740 AM CDT Sun Oct 20 2019 Values represent Highs yesterday...Lows over the last 12 hours and Precipitation over the last 24 hours .BR FSD 1020 C DH01/TAIRZXZ/DH07/TAIRZPZ/PPDRZZZ/SFDRZZ/SDIRZZZ : : Locations in Central Time Zone... : : MAX MIN SNOW SNOW :ID LOCATION TEMP TEMP PCPN FALL DEPTH : ABR : Aberdeen WFO : 63 / 30 / 0.00/ M/ M BKX : Brookings : 61 / 35 / 0.00/ M/ M 9V9 : Chamberlain : 65 / 41 / 0.00/ M/ M HON : Huron Airport : 63 / 36 / 0.00/ M/ M MDS : Madison AWOS : 59 / 36 / 0.00/ M/ M MHE : Mitchell ASOS : 65 / 39 / 0.00/ M/ M MBG : Mobridge AP : 63 / 33 / 0.00/ M/ M PIR : Pierre Regional A: 62 / 33 / 0.00/ M/ M FSD : Sioux Falls Airpo: 66 / 36 / 0.00/ M/ M 8D3 : Sisseton AP : 61 / 33 / 0.00/ M/ M ATY : Watertown Regiona: 60 / 35 / 0.00/ M/ M ICR : Winner AP : 64 / 42 / 0.00/ M/ M YKN : Yankton AWOS : 65 / 39 / 0.00/ M/ M .End : : Locations in Mountain Time Zone... : : MAX MIN SNOW SNOW :ID LOCATION TEMP TEMP PCPN FALL DEPTH : 2WX : Buffalo : 58 / 35 / 0.04/ M/ M CUT : Custer AP : 49 / 34 / 0.04/ M/ M D07 : Faith AP : 58 / 41 / 0.00/ M/ M PHP : Philip AP : 63 / 36 / T / M/ M IEN : Pine Ridge AP : 60 / 36 / 0.00/ M/ M UNRS2: Rapid City NWS : 60 / 41 / T / 0.0/ 0 RAP : Rapid City AP : 60 / 33 / T / M/ M .End These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information /NCEI/. Therefore...these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Nebraska National Weather Service Hastings NE 752 AM CDT SUN OCT 20 2019 : Values represent yesterday's highs, lows over the last 12 hours : and precipitation the last 24 hours ending at 7 am CDT (6 am MDT). .BR GID 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : : Snow Snow : Station Max / Min / Pcpn / Fall / Depth : ANW : Ainsworth Airport : 64 / 38 / 0.00 / / BVN : Albion Airport : 68 / 40 / 0.00 / / AIA : Alliance : 61 / 31 / 0.00 / / AUH : Aurora Aiport : 68 / 46 / 0.00 / / BIE : Beatrice Airport : 68 / 46 / 0.00 / / BTA : Blair Airport : 68 / 47 / 0.00 / / BBW : Broken Bow Airport: 67 / 32 / 0.00 / / CDR : Chadron : 61 / 43 / 0.00 / / OLU : Columbus Airport : 68 / 44 / 0.00 / / FNB : Falls City Airport: 68 / 41 / 0.00 / / FET : Fremont Airport : 69 / 47 / 0.00 / / GRN : Gordon Airport : 60 / 37 / 0.00 / / GRI : Grand Island Arpt : 69 / 47 / 0.00 / 0.0 / 0 HSI : Hastings Airport : 67 / 47 / 0.00 / 0.0 / 0 HJH : Hebron Airport : 68 / 46 / 0.00 / / HDE : Holdrege Airport : 68 / 40 / 0.00 / / IML : Imperial Airport : 68 / 41 / 0.00 / / EAR : Kearney Airport : 68 / 42 / 0.00 / / IBM : Kimball Airport : 64 / 41 / 0.00 / / LXN : Lexington Airport : 66 / 43 / 0.00 / / LNK : Lincoln Airport : 70 / 44 / 0.00 / 0.0 / 0 MCK : McCook Airport : 71 / 44 / 0.00 / / AFK : Nebraska City Arpt: 68 / 42 / 0.00 / / OFK : Norfolk Airport : 69 / 45 / 0.00 / 0.0 / 0 LBF : North Platte Arpt : 67 / 37 / 0.00 / 0.0 / 0 OFF : Offutt AFB : 68 / 48 / 0.00 / / OGA : Ogallala Airport : 68 / 42 / 0.00 / / OMA : Omaha/Eppley : 68 / 45 / 0.00 / 0.0 / 0 MLE : Omaha/Millard : 69 / 43 / 0.00 / / ONL : O'Neill Airport : 66 / 41 / 0.00 / / ODX : Ord Airport : 66 / 32 / 0.00 / / PMV : Plattsmouth Arpt : 66 / 46 / 0.00 / / BFF : Scottsbluff : 65 / 41 / 0.00 / / SNY : Sidney : 64 / 39 / 0.00 / / TQE : Tekamah Airport : 71 / 39 / 0.00 / / TIF : Thedford Airport : 66 / 39 / 0.00 / / VTN : Valentine Airport : 65 / 35 / 0.00 / 0.0 / 0 OAX : Valley NWS Office : 68 / 47 / 0.00 / 0.0 / 0 AHQ : Wahoo Airport : 69 / 40 / 0.00 / / LCG : Wayne Airport : 68 / 38 / 0.00 / / JYR : York Airport : 64 / 45 / 0.00 / / : State Temperature Extremes : : 71 degrees at McCook Airport, Tekamah Airport : 31 degrees at Alliance : .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/Min Temperature and Precipitation Table for North Central...Northeast and East Central Kansas National Weather Service Topeka KS 733 AM CDT Sun Oct 20 2019 Values represent highs yesterday...lows over the last 12 hours and precipitation over the last 24 hours ending at 6 AM CST/7 AM CDT. .BR TOP 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : : ***First Order Climate Stations*** : : Max Min Snow Snow :Id Location Temp Temp Pcpn Fall Depth TOP : Topeka Billard Airport : 70 / 39 / 0.00 / 0.0 / 0 CNK : Concordia Airport : 70 / 51 / 0.00 / 0.0 / 0 .END .BR TOP 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ : : ***Other Automated First Order Stations*** : : Max Min :Id Location Temp Temp Pcpn FOE : Topeka Forbes Field : 69 / 39 / 0.00 LWC : Lawrence Airport : 69 / 39 / 0.00 MHK : Manhattan Airport : 71 / 38 / 0.00 EMP : Emporia Airport : 70 / 44 / 0.00 .END ***Other Automated Stations*** : Max Min :Id Location Temp Temp Pcpn MYZ : Marysville Airport : 68 / 43 / M OWI : Ottawa Municipal Airport : 68 / 43 / .END .BR TOP 1020 C DH07/TAIRZX/TAIRZN/PPDRZZ/SFDRZZ/SDIRZZ : : ***Cooperative Observer Network Observations*** : Values represent the previous 24 hours : : Obs Max Min Snow Snow :Id Location Time Temp Temp Pcpn Fall Depth BLYK1: Baileyville : DH0700 / 60 / 46 / 0.00 / M / M CCRK1: Clay Center : DH0700 / 69 / 45 / 0.00 / 0.0 / 0 OSGK1: Osage City : DH0620 / 68 / 41 / 0.00 / 0.0 / 0 OTTK1: Ottawa : DH0700 / 72 / 43 / 0.08 / M / M BRMK1: Bremen 1E : DH0700 / / / 0.00 / M / M .END These data are preliminary and have not undergone final quality control by the National Climatic Data Center (NCDC). Therefore, these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Colorado Temperature And Precipitation Table National Weather Service Pueblo CO 628 AM MDT Sun Oct 20 2019 High temperature yesterday Low temperature past 18 hours 24 hour precipitation ending at 6AM MDT Snow depth at 6AM MDT .B DEN 191020 M DH06/TX/TN/PP/SD : ...Colorado... : Snow : High Low Pcpn Depth AKO : Akron : 64 / 40 / 0.00 / M ALS : Alamosa : 59 / 35 / 0.00 / 0 ASE : Aspen : 52 / 26 / 0.08 / M ITR : Burlington : 67 / 42 / 0.00 / M APA : Centennial Arpt : 65 / 41 / 0.00 / M COS : Colorado Springs : 64 / 39 / 0.00 / 0 CEZ : Cortez : 63 / 39 / 0.00 / M CAG : Craig : 58 / 29 / 0.01 / M DEN : Denver Intl Arpt : 63 / 42 / 0.00 / M DRO : Durango : 60 / 33 / 0.00 / M EGE : Eagle : 57 / 30 / M / M FNL : Ft Collins Arpt : 66 / 40 / 0.00 / M GJT : Grand Junction : 64 / 37 / 0.02 / 0 GXY : Greeley Airport : 66 / 37 / M / M GUC : Gunnison : 55 / 29 / M / M HDN : Hayden : 53 / 26 / M / M LHX : La Junta : 70 / 52 / 0.00 / M LAA : Lamar : 71 / 42 / 0.00 / M LXV : Leadville : 42 / 18 / 0.18 / M LIC : Limon : 61 / 22 / 0.00 / M EEO : Meeker : 57 / 29 / 0.27 / M MTJ : Montrose : 64 / 37 / T / M PUB : Pueblo : 70 / 36 / 0.00 / 0 RIL : Rifle : 61 / 37 / T / M SPD : Springfield : 66 / 41 / 0.00 / M TEX : Telluride : 50 / 27 / M / M TAD : Trinidad : 68 / 48 / 0.00 / M .END From the above reports The highest temperature in Colorado yesterday was 71 degrees in Lamar. The lowest temperature in Colorado during the past 12 hours was 18 degrees in Leadville. $$ OKLAHOMA TEMPERATURE AND PRECIPITATION TABLE NATIONAL WEATHER SERVICE NORMAN OK 710 AM CDT Sun Oct 20 2019 HIGH TEMPERATURE YESTERDAY LOW TEMPERATURE PAST 12 HOURS 24 HOUR PRECIPITATION ENDING AT 7 AM CDT .BR OUN 1020 C DH01/TAIRZX/DH07/TAIRZP/PPDRZZ : : HIGH LOW PCPN : :...WESTERN OKLAHOMA AND WESTERN NORTH TEXAS... LTS : ALTUS AFB : 78 / 44 / 0 CSM : CLINTON : 74 / 46 / 0 FDR : FREDERICK : 80 / 47 / 0 GAG : GAGE : 76 / 49 / 0 GUY : GUYMON : 71 / 51 / 0 HBR : HOBART : 78 / 44 / 0 FSI : LAWTON/FORT SILL : 77 / 45 / 0 LAW : LAWTON/AIRPORT : 79 / 42 / 0 SPS : WICHITA FALLS : 80 / 46 / 0 : :...NORTHERN AND CENTRAL OKLAHOMA... END : ENID/VANCE AFB : 74 / 47 / 0 GOK : GUTHRIE : 74 / 45 / 0 OKC : OKLAHOMA CITY/WILL ROGERS : 74 / 43 / 0 PWA : OKLAHOMA CITY/WILEY POST : 76 / 45 / 0 TIK : OKLAHOMA CITY/TINKER AFB : 74 / 50 / 0 PNC : PONCA CITY : 75 / 43 / 0 SWO : STILLWATER : 76 / 41 / 0 : :...EASTERN OKLAHOMA... BVO : BARTLESVILLE : 73 / 41 / 0 MLC : MCALESTER : 77 / 46 / T MKO : MUSKOGEE : 75 / 46 / 0 TUL : TULSA/INTL AIRPORT : 75 / 45 / 0 RVS : TULSA/JONES AIRPORT : 75 / 44 / 0 .END THESE DATA ARE PRELIMINARY AND HAVE NOT UNDERGONE FINAL QUALITY CONTROL BY THE NATIONAL CENTERS FOR ENVIRONMENTAL INFORMATION /NCEI/. THEREFORE THESE DATA ARE SUBJECT TO REVISION. FINAL AND CERTIFIED CLIMATE DATA CAN BE ACCESSED THROUGH NCEI. WWW.NCEI.NOAA.GOV . Texas Temperature and Precipitation Table National Weather Service Lubbock TX 735 AM CDT Sun Oct 20 2019 Data Through 7AM CDT Values represent Highs yesterday...Lows over the last 12 Hours and Precipitation over the last 24 hours .BR LUB 1020 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ : :ID LOCATION HIGH LOW PCPN : 24HR :...NORTH TEXAS... ABI :Abilene ASOS : 80 / 52 / 0.00 GKY :Arlington : 85 / 52 / 0.00 CRS :Corsicana : 89 / 56 / 0.00 DAL :Dallas Love Field : 86 / 57 / 0.00 DFW :DFW Airport : 85 / 55 / 0.00 DTO :Denton : 83 / 47 / 0.00 AFW :Fort Worth Alliance : 87 / 53 / 0.00 FTW :Fort Worth Meacham : 82 / 52 / 0.00 GGG :Longview : 79 / 61 / 0.00 LFK :Lufkin : 86 / 65 / 0.00 TKI :McKinney : 85 / 52 / 0.00 MWL :Mineral Wells : 81 / 48 / 0.00 PRX :Paris : 81 / 54 / 0.00 TPL :Temple : 94 / 53 / 0.00 TRL :Terrell : 87 / 54 / 0.00 TYR :Tyler : 85 / 59 / 0.00 ACT :Waco : 92 / 53 / 0.00 SPS :Wichita Falls : 80 / 46 / 0.00 :...WEST TEXAS... AMA :Amarillo : 71 / 48 / 0.00 HHF :Canadian Airport : 74 / 45 / 0.00 CTLT2:Castolon-Big Bend NP : 92 / 60 / 0.00 CDS :Childress : 77 / 47 / 0.00 DHT :Dalhart : 70 / 42 / 0.00 6R6 :Dryden : 90 / 56 / 0.00 ELP :El Paso : 79 / 62 / 0.00 FST :Fort Stockton : 79 / 58 / 0.00 GDP :Guadalupe Pass : 72 / 53 / 0.00 LBB :Lubbock : 75 / 51 / 0.00 MRF :Marfa : M / M / M MAF :Midland : 83 / 51 / 0.00 MUST2:Muleshoe : 71 / 46 / 0.00 ODO :Odessa : 80 / 53 / 0.00 PEQ :Pecos : 80 / 50 / 0.00 PRS :Presidio : 85 / 59 / 0.00 SJT :San Angelo ASOS : 87 / 50 / 0.00 INK :Wink : 81 / 47 / 0.00 :...SOUTH TEXAS... ALI :Alice : 95 / 75 / 0.00 ATT :Austin Mabry : 96 / 65 / 0.00 AUS :Austin Bergstrom : 97 / 62 / 0.00 BPT :Beaumont : 88 / 72 / 0.00 BRO :Brownsville : 91 / 76 / 0.00 BMQ :Burnet : 91 / 58 / 0.00 CLL :College Station : 93 / 64 / 0.00 CXO :Conroe : 89 / 66 / 0.00 CRP :Corpus Christi : 94 / 74 / 0.00 NGP :Navy Corpus : 89 / 78 / 0.00 COT :Cotulla : 94 / 75 / 0.00 DRT :Del Rio : 95 / 59 / 0.00 GLS :Galveston : 85 / 78 / 0.00 GTU :Georgetown : 94 / 58 / 0.00 HRL :Harlingen : 94 / 73 / 0.00 HDO :Hondo : 92 / 70 / 0.00 HOU :Houston Hobby : 90 / 75 / 0.00 IAH :Houston Bush : 90 / 74 / 0.00 UTS :Huntsville : 91 / 64 / 0.00 JCT :Junction ASOS : 91 / 50 / 0.00 NQI :Kingsville : 92 / 74 / 0.00 LRD :Laredo : 94 / 75 / 0.00 MFE :McAllen : 96 / 79 / 0.00 BAZ :New Braunfels : 95 / 73 / 0.00 PSX :Palacios : 87 / 75 / 0.00 LVJ :Pearland : 90 / 76 / 0.00 RKP :Rockport : 92 / 80 / 0.00 SAT :San Antonio : 93 / 72 / 0.00 SSF :San Antonio Stinson : 92 / 69 / 0.00 HYI :San Marcos : 96 / 72 / 0.00 DWH :Tomball : 89 / 70 / 0.00 VCT :Victoria : 93 / 72 / 0.00 :...OTHERS... SHV :Shreveport : 82 / 65 / 0.00 TXK :Texarkana : 79 / 59 / 0.00 .END Texas Temperature Extremes: Highest...97 degrees at Austin Bergstrom Lowest....42 degrees at Dalhart $$

FARM MARKET NEWS - CORN REPORT FOR Fri, October 18 Bank of Canada Noon exchange rate was 1.3121 down 0.0007 Chicago corn closed slightly lower. DEC19 HI 3.95 3/4 DEC20 HI 4.11 1/4 LOW 3.89 3/4 LOW 4.08 3/4 CLOSE3.91 Down 3 3/4 CLOSE 4.10 1/4 Down 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +DEC19+MAR20+MAR20 CK Low 1.25 5.16 203.14 0.90 5.00 196.94 CK High 1.25 5.16 203.14 0.90 5.00 196.94 CK Avg 1.25 0.02 5.16 203.14 0.90 -0.29 5.00 196.94 Essex Cty 1.25 5.16 203.14 0.90 5.00 196.94 Mdsx Low 1.25 5.16 203.14 0.90 5.00 196.94 Mdsx High 1.25 5.16 203.14 0.90 5.00 196.94 Mdsx Avg 1.25 0.02 5.16 203.14 0.90 -0.29 5.00 196.94 Hensall 1.28 5.19 204.12 0.90 5.00 196.94 Bruce 1.25 5.16 203.14 0.90 5.00 196.94 Putnam 1.25 5.16 203.14 0.90 5.00 196.94 Burford 1.25 5.16 203.14 0.90 5.00 196.94 Port Perry 1.35 5.26 207.08 0.90 5.00 196.94 Norfolk 1.25 5.16 203.14 0.90 5.00 196.94 Palmerston 1.16 5.07 199.60 0.83 4.93 194.18 Varna 1.25 5.16 203.14 0.85 4.95 194.97 Trenton 1.30 5.21 205.11 0.90 5.00 196.94 Winchester 1.40 5.31 209.05 1.10 5.20 204.81 North Gower 1.35 5.26 207.08 1.05 5.15 202.84 Huron FOB 1.35 5.26 207.08 0.90 5.00 196.94 Kent FOB 1.30 5.21 205.11 0.95 5.05 198.91 Lamb FOB 1.30 5.21 205.11 1.05 5.15 202.84 Mdsx FOB 1.30 1.30 1.40 1.45 5.21 205.11 1.00 5.10 200.88 FOB SW Que 2.52 6.43 253.14N/A Track 1.93 5.84 229.71N/A PROCESSORS Chat-Eth N/A N/A N/A N/A 1.18 5.28 207.96 Jhnstwn-Eth N/A N/A N/A N/A 1.36 5.46 215.05 Aylmer-Eth N/A N/A 1.50 1.55 1.20 5.30 208.75 Sarn-Eth 1.40 1.40N/A N/A 5.31 209.05N/A London-Ing N/A N/A 1.70 1.70 1.25 5.35 210.72 Pt.Colb-Ing N/A N/A N/A N/A N/A* Cardnl-Ing 1.95N/A 1.70N/A 5.86 230.70 1.30 5.40 212.69 W O Feed 2.44 6.35 250.07 US Rep 2.22 6.13 241.33 Toledo El. 0.39 4.30 169.43 -0.26 3.84 151.18 TRANSFER Pt. Colb 1.50 5.41 212.98N/A Prescott 1.60 5.51 216.92N/A MID SD CRN 1.25 5.16 HI SD CRN 1.25 5.16 *Wet Bid

DTN Closing Grain Comments 10/18 13:54 Grains Finish Week Mixed; U.S. Dollar Lower Friday finished with modest gains in soybeans and winter wheat, while corn and spring wheat closed lower. Chicago wheat posted the biggest gain among grain contracts this week with some help from a 1% drop in the U.S. dollar index.

DTN Midday Grain Comments 10/18 11:28 Grains Mixed at Midday Soybeans and wheat lead mixed trade at midday. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is flat to lower with the Dow down 80. The dollar index is 15 lower. Interest rate products are weaker. Energies are flat with crude up $0.05. Livestock trade is weaker. Precious metals are mixed with gold down $2.80. CORN Corn trade is 3 cents lower at midday with range-bound action continuing ahead of the weekend. Fresh bullish news lacking and light harvest pressure is noted. Harvest will remain slow but should show progress through the end of the week before wetter weather returns to the east with beans getting more attention this week. Ethanol futures are flat at midday keeping margins stable. Basis remains flat to weaker with anticipation of more inbound bushels soon. South American corn planting but is running behind normal with mixed weather views at this early juncture in the Southern Hemisphere growing season. The weekly export sales were soft at 368,800 metric tons. On the December contract support is at the 20-day moving average at $3.86 1/2; the market is flirting with the $3.92 10-day here at midday. Chart resistance is at the upper Bollinger Band at 4.02. SOYBEANS Soybeans are 4 to 6 cents higher at midday gaining back some of the noted long profit-taking losses seen earlier this week. Meal is $2.50 higher with soybean oil up 12 points. The soybean market is overbought and seeing consolidation after the September into October strength with the momentum into Monday following the friendly USDA report last week. Crush margins remain solidly positive. The ral has gained slightly against the dollar this week. Bean basis should see pressure as combines continue to roll. South America should make more progress this week and into the second half of the months with some weather issues remaining and planting pace solidly behind. The weekly export sales were strong at 1.6 million metric tons, 152,900 of meal, and 4,000 pounds of oil. On the November chart, support is the 10-day at $9.28 with the upper Bollinger Band at $9.49 as resistance. WHEAT Wheat trade is 2 cents lower to 2 cents higher with light selling overnight after new highs were scored for the move on the back of Chicago strength. The Chicago/Kansas City December spread is 97 cents with trade hitting new highs again. Remaining spring wheat will likely not be cut at this point. The corn/HRW spread has widened back to 38 cents from 13 cents at the recent low, working wheat back out of rations. Export action continues to be dominated by Black Sea origin with more sales to Egypt and neighboring countries this week. The weekly export sales remained in the recent range at 395,100 metric tons. The December Kansas City chart support is the 10-day at $4.18 with the 100-day at 4.40 the next level up with the upper Bollinger Band right at overnight trade at $4.31. David Fiala is a DTN contributing analyst and the President of FuturesOne and a registered adviser. He can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (CZ) Copyright 2019 DTN/The Progressive Farmer. All rights reserved.

Market Matters Blog 10/17 09:04 DTN Weekly DDG Price Lower on Average US Surface Transportation Board Addresses Demurrage Rules, Charges DTN Weekly DDG Price Higher on Average 2019 U.S Spring Wheat and Durum Harvest: The Good, the Bad, the Ugly Will the 13th US-China Trade Meeting Be the 'Lucky One?' DTN Weekly Average DDG Price Slightly Higher It's a Wrap! 2019 Hard Red Winter Wheat Harvest Finally Ends DTN Weekly Average DDG Price Higher Key Columbia River Lock Shutdown Stops All Barges Headed for Export DTN Weekly Average DDG Price Stronger ****************************************************************************** DTN Weekly DDG Price Lower on Average OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was down $1, to $141 per ton for the week ended Oct. 16. Prices were mixed from various sellers, but overall, the DDG price this week came under some pressure from the weaker cash corn price. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 16 was at 100.78%. The value of DDG relative to soybean meal was at 46.26%. The cost per unit of protein for DDG was $5.22, compared to the cost per unit of protein for soybean meal at $6.42. Various closures on the Mississippi River are likely stalling transport of some export containers to the Gulf this week. In the Upper Mississippi River, Locks 16 and 17 have been closed to northbound and southbound traffic since Oct. 13. American Commercial Barge Line noted that the latest forecasts reflect Lock 17 will reopen the evening of Oct. 17 and Lock 16 will reopen the morning of Oct. 18. Twenty-four hours of transit delays are expected for the cleanup of both locks. In the Lower Mississippi there is a closure at Mile 249 as of Oct. 16 through Oct. 18 from 07:00-17:00 to southbound tows with four or more barges. At the Gulf, weather fronts moving through the Gulf and Canal areas this week through Oct. 18 will cause intermittent delays there from wind and fog, added ACBL. ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE COMPANY STATE 10/16/2019 10/11/2019 Bartlett and Company, Kansas City, MO (816-753-6300) Missouri Dry $150 $150 $0 Wet $75 $75 $0 Show Me Ethanol LLC, Carrollton, MO (660-542-6493) Missouri Subject Dry $147 $147 $0 Wet $75 $75 $0 CHS, Minneapolis, MN (800-769-1066) Subject Illinois Dry $140 $140 $0 Subject Indiana Dry $140 $140 $0 Subject Iowa Dry $135 $135 $0 Subject Michigan Dry $150 $150 $0 Subject Minnesota Dry $135 $135 $0 Subject North Dakota Dry $130 $130 $0 Subject New York Dry $150 $150 $0 Subject South Dakota Dry $125 $125 $0 MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) Kansas Dry $145 $145 $0 POET Nutrition, Sioux Falls, SD (888-327-8799) Indiana Dry $140 $150 -$10 Iowa Dry $140 $145 -$5 Michigan Dry $135 $135 $0 Minnesota Dry $138 $140 -$2 Missouri Dry $143 $145 -$2 Ohio Dry $145 $155 -$10 South Dakota Dry $150 $150 $0 United BioEnergy, Wichita, KS (316-616-3521) Kansas Dry $145 $140 $5 Wet $55 $45 $10 Illinois Dry $147 $147 $0 Nebraska Dry $135 $145 -$10 Wet $45 $45 $0 U.S. Commodities, Minneapolis, MN (888-293-1640) Illinois Dry $145 $145 $0 Indiana Dry $155 $155 $0 Iowa Dry $140 $140 $0 Michigan Dry $150 $150 $0 Minnesota Dry $135 $135 $0 Nebraska Dry $140 $140 $0 New York Dry $165 $165 $0 North Dakota Dry $140 $140 $0 Ohio Dry $155 $155 $0 South Dakota Dry $135 $135 $0 Wisconsin Dry $135 $135 $0 Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362) Indiana Dry $136 $136 $0 Iowa Dry $145 $135 $10 Minnesota Dry $140 $140 $0 Nebraska Dry $135 $135 $0 Ohio Dry $145 $145 $0 South Dakota Dry $135 $135 $0 California Dry $205 $200 $5 Western Milling, Goshen, California (559-302-1074) California Dry $203 $206 -$3 *Prices listed per ton. Weekly Average $141 $142 -$1 The weekly average prices above reflect only those companies DTN collects spot prices from. States include: Missouri, Iowa, Nebraska, Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, Wisconsin and Indiana. Prices for Pennsylvania, New York and California are not included in the averages. VALUE OF DDG VS. CORN & SOYBEAN MEAL Settlement Price: Quote Date Bushel Short Ton Corn 10/16/2019 $3.9175 $139.91 Soybean Meal 10/16/2019 $304.80 DDG Weekly Average Spot Price $141.00 DDG Value Relative to: 10/16 10/10 Corn 100.78% 104.56% Soybean Meal 46.26% 46.69% Cost Per Unit of Protein: DDG $5.22 $5.26 Soybean Meal $6.42 $6.40 Notes: Corn and soybean prices take from DTN Market Quotes. DDG price represents the average spot price from Midwest companies collected on Thursday afternoons. Soybean meal cost per unit of protein is cost per ton divided by 47.5. DDG cost per unit of protein is cost per ton divided by 27. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** US Surface Transportation Board Addresses Demurrage Rules, Charges The Surface Transportation Board (STB) released a statement on Oct. 7 that it is issuing a "series of decisions on demurrage and accessorial rules and charges, continuing its efforts to improve dispute resolution processes, promote transparency, and make the agency more accessible." The STB issued the three decisions concurrently to address matters arising from the STB's May 2019 two-day public hearing on railroad demurrage and accessorial charges, "Oversight Hearing on Demurrage and Accessorial Charges, Docket No. EP 754." The hearing was held in response to significant recent changes in demurrage and accessorial rules and charges implemented by several Class I railroads the STB was actively monitoring. The National Grain and Feed (NGFA) was present at the hearing with testimony provided by NGFA President and Chief Executive Officer Randy Gordon. "We believe that in far too many cases, current demurrage and accessorial charges and practices are egregious and merely exemplify the market power of today's Class I railroads, reflecting their ability to unilaterally impose one-sided terms and conditions on their customers," said Gordon. "Frankly, NGFA members in some segments of our industry believe they are at a 'tipping point' in their relationship with Class I rail carriers because of these and other practices, particularly with the increased adoption of the so-called precision scheduled railroad operating model." Here is a link to the press release issued by the NGFA on May 23, 2019: https://www.ngfa.org/newsletter/ngfa-urges-stb-to-develop-principles-guidance-go verning-rail-demurrage-and-accessorial-charges-and-practices/. The NGFA in their June 14, 2019, newsletter noted that Class I freight railroads pushed back strongly against the STB pursuing any policies, guidance or investigation of carriers' demurrage and accessorial charges and practices following the agency's "robust, informative and eye-popping" May 22 and May 23 public hearing in Washington. In the article, the NGFA presented comments from all of the Class 1 rai1roads who voiced their concerns in supplemental comments submitted to the agency in the aftermath of the May public hearing. https://www.ngfa.org/newsletter/railroads-oppose-stb-policy-action-on-demurrage- accessorial-practices/. The three decisions issued by the STB are: -- A proposed policy statement to facilitate more effective problem solving between railroads, shippers and receivers by providing information on principles the STB would consider in evaluating the reasonableness of demurrage and accessorial rules and charges. -- A proposed rule to enhance the transparency and accuracy of demurrage invoices. -- A proposed rule to make unambiguous that the regulation of demurrage is not excluded for exempt miscellaneous commodities and boxcar transportation, and to treat the exemption for certain agricultural commodities similarly. With the proposed policy statement, the STB expects to facilitate more effective problem solving between railroads, shippers and receivers in order to help prevent unnecessary future issues and, when disputes arise, to help resolve them more efficiently and cost-effectively. The STB is issuing this proposed policy statement to provide the public with information on principles that the STB would consider in "evaluating the reasonableness of demurrage and accessorial rules and charges." The STB seeks public comment on this proposed policy statement and may revise it, as appropriate, after consideration of the comments received. Comments on this proposed policy statement are due by Nov. 6, 2019. Reply comments are due by Dec. 6, 2019. Comments and replies may be filed with the Board either via e-filing or in writing addressed to: Surface Transportation Board, Attn: Docket No. EP 757, 395 E Street SW, Washington, DC 20423-0001. Comments and replies will be posted to the STB's website at http://www.stb.gov/. Here is a link to the Federal Register Notice Volume 84, Number 197, Thursday, October 10, 2019: https://www.govinfo.gov/content/pkg/FR-2019-10-10/html/2019-22200.htm. Here is a link to the press release issued by the STB on 10-7-19: https://www.stb.gov/newsrels.nsf/13c1d2f25165911f8525687a00678fa7/fdf7975c980b39 8a8525848c005061b9?OpenDocument. Here is a link to all the comments currently associated with the Oversight Hearing on Demurrage and Accessorial Charges, Docket No. EP 754. All you need to do is open the drop down next to Docket# and click on "EP" and then in the next box put 754: https://www.stb.gov/home.nsf/EnhancedSearch?OpenForm&Seq=1&Type=F. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** DTN Weekly DDG Price Higher on Average OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $2, to $142 per ton for the week ended Oct. 10. Prices were mixed from various sellers, but the strength in the cash basis kept the market firm in spite of the sharply lower close in corn futures Thursday. The Energy Information Administration reported on Wednesday that ethanol inventory in the U.S. was drawn down 2 million barrels (bbl) to a 21.2 million bbl two-year low during the week ended Oct. 4. The steep draw came despite a small decline in blending activity and as domestic plant production edged higher. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 10 was at 104.56%. The value of DDG relative to soybean meal was at 46.69%. The cost per unit of protein for DDG was $5.26, compared to the cost per unit of protein for soybean meal at $6.40. In its weekly export DDGS update, the U.S. Grains Council stated, "Barge CIF NOLA prices are slightly lower this week while FOB Gulf offers are steady to $1 per metric ton (mt) lower. Rates for DDGS delivered via rail to the PNW are $2 to $3/MT higher this week with the winter storm across the northwestern Plains complicating logistics. Prices for 40-foot containers to Southeast Asia are $5/MT lower this week for October shipment but are $1 to $2/MT higher for November/December shipment." ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE COMPANY STATE 10/11/2019 10/3/2019 Bartlett and Company, Kansas City, MO (816-753-6300) Subject Missouri Dry $150 $150 $0 Subject Wet $75 $75 $0 Show Me Ethanol LLC, Carrollton, MO (660-542-6493) Missouri Subject Dry $147 $142 $5 Wet $75 $72 $3 CHS, Minneapolis, MN (800-769-1066) Illinois Dry $140 $140 $0 Indiana Dry $140 $145 -$5 Iowa Dry $135 $130 $5 Michigan Dry $150 $145 $5 Minnesota Dry $135 $130 $5 North Dakota Dry $130 $130 $0 New York Dry $150 $145 $5 South Dakota Dry $125 $125 $0 MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) Kansas Dry $145 $145 $0 POET Nutrition, Sioux Falls, SD (888-327-8799) Indiana Dry $150 $150 $0 Iowa Dry $145 $145 $0 Michigan Dry $135 $135 $0 Minnesota Dry $140 $145 -$5 Missouri Dry $145 $145 $0 Ohio Dry $155 $155 $0 South Dakota Dry $150 $150 $0 United BioEnergy, Wichita, KS (316-616-3521) Kansas Dry $140 $145 -$5 Wet $45 $55 -$10 Illinois Dry $147 $147 $0 Nebraska Dry $145 $145 $0 Wet $45 $50 -$5 U.S. Commodities, Minneapolis, MN (888-293-1640) Illinois Dry $145 $140 $5 Indiana Dry $155 $150 $5 Iowa Dry $140 $135 $5 Michigan Dry $150 $145 $5 Minnesota Dry $135 $130 $5 Nebraska Dry $140 $135 $5 New York Dry $165 $160 $5 North Dakota Dry $140 $135 $5 Ohio Dry $155 $150 $5 South Dakota Dry $135 $130 $5 Wisconsin Dry $135 $130 $5 Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362) Subject Indiana Dry $136 $136 $0 Subject Iowa Dry $135 $135 $0 Subject Minnesota Dry $140 $140 $0 Subject Nebraska Dry $135 $135 $0 Subject Ohio Dry $145 $145 $0 Subject South Dakota Dry $135 $135 $0 Subject California Dry $200 $200 $0 Western Milling, Goshen, California (559-302-1074) California Dry $206 $203 $3 *Prices listed per ton. Weekly Average $142 $140 $2 The weekly average prices above reflect only those companies DTN collects spot prices from. States include: Missouri, Iowa, Nebraska, Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, Wisconsin and Indiana. Prices for Pennsylvania, New York and California are not included in the averages. VALUE OF DDG VS. CORN & SOYBEAN MEAL Settlement Price: Quote Date Bushel Short Ton Corn 10/10/2019 $3.8025 $135.80 Soybean Meal 10/10/2019 $304.10 DDG Weekly Average Spot Price $142.00 DDG Value Relative to: 10/10 10/3 Corn 104.56% 100.11% Soybean Meal 46.69% 46.64% Cost Per Unit of Protein: DDG $5.26 $5.15 Soybean Meal $6.40 $6.27 Notes: Corn and soybean prices take from DTN Market Quotes. DDG price represents the average spot price from Midwest companies collected on Thursday afternoons. Soybean meal cost per unit of protein is cost per ton divided by 47.5. DDG cost per unit of protein is cost per ton divided by 27. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** 2019 U.S Spring Wheat and Durum Harvest: The Good, the Bad, the Ugly The 2019 spring wheat and durum planting season was stalled by late-spring snow, along with constant rains in some of the key growing areas of the Northern Plains. Fast forward to September and early October and the same can be said for the harvest that never wants to end. Keith Brandt, general manager of Plains Grain and Agronomy LLC in Enderlin, North Dakota, said in late June that spring wheat acres in his area were down 10% to 12% from what farmers had intended to plant. "There is a big range in planting dates of April 23 to June 11. Because of the cool and damp conditions, wheat planted by mid-May looks very good and has decent potential. The balance will be 10 to 15 bushels per acre (bpa) less on yield." Brandt said on Oct. 3 that the 2019 crop was "certainly not the fanciest wheat crop we have ever harvested and we are still not 100% done with 1% to 2% of standing wheat left. We have an average yield of 50-55 bushels per acre, 14.5% protein and grading No. 2NS, average 270 falling numbers and average 2.7 vomitoxin." Brandt said the crop is tough to market because it's all commingled due to most of the crop coming in wet and having to be dried. "Markets seems to handle falling numbers easier than vomitoxin and we can use the low falling numbers for delivery wheat. A lot of western and northern North Dakota got most of their crop off in good condition before this terrible weather set in. Will be an adequate supply of milling wheat. Just have to find that number where they will sell." As of Sept. 30, Minnesota Department of Ag is estimating that 3% of Minnesota wheat is still unharvested. "It is hard to describe this year's spring wheat harvest without using four-letter words," said Tim Dufault, of Crookston, Minnesota. "The harvest on our farm lasted 31 days; there were nine days of measurable rain and a stretch of 14 days where it was just cool and damp and unfit to harvest. Yields in northwest Minnesota were averaging over 70 bpa with 60-pound-plus test weights. Proteins varied by variety but much of the crop was over 14%. Then, as the rain events started to take their toll, test weights started to drop, sprout damage showed up and the term 'falling numbers' returned to farmer's vocabulary. Elevators soon stopped buying wheat under 200 falling numbers. The last couple of fields for us averaged about 55 bpa, 58-pound test weight and the falling numbers were down to 66." Dufault, who is a board member on the Minnesota Wheat Research and Promotion Council, said that people he has visited with are estimating that 25% of the hard red spring crop will be feed wheat. "Wheat yield overall should be a little bit above average. In a nutshell, this year's wheat was poor quality, not worth anything, but there was a lot of it," Dufault added. Nathan Olsonawski, of Hallock, Minnesota, said, "We had average yield and good quality to start with but as the wet weather set in, quality took a big hit, especially with falling numbers." "Harvest went well," said Kerry Baldwin, of Hope, North Dakota. "Finished up around the 23rd of August and yields were slightly below average, around the low 50s. Quality was good, falling numbers around 350, test weight was 62 to 64 lbs. Protein was in the 14.5% range on average. We took a dime discount on one quarter section of wheat because the vomitoxin was around 2 parts per million (ppm) while the other quarter section had no discount. We were fortunate to get our wheat harvested when we did. There was a lot of wheat harvested in September and still some left now in October for some people." "This year's spring wheat crop was a challenge from start to finish," said Tim Luken, manager at Oahe Grain, in Onida, South Dakota. "Planting back in April through May was very slow going due to the early April blizzard dumping 30 inches of snow and then the addition of all the weekly rain events we had. This weather set up the tone for the rest of the growing season." Sully County usually starts spring wheat harvest the third week of July, but this year Luken said harvest didn't start until Aug. 6 or almost two weeks later. "We finally finished around Sept. 20 and we are usually done by second week of August. Surprisingly, the quality of our spring wheat was good; yes, there was scab present this year (usually don't see it here) and that was due to rain events we had during the flowering of the wheat. "With all the rain we had this year on a weekly basis from start to finish, I was very pleased with quality. I feel the reason we had good quality is that the planted crop was so spread out in the spring, delaying the ripening of the crop before it could be harvested. When it did rain, it didn't hurt the later crops and the crops that were being harvested were taken off with minimal days of rain, which didn't take a toll on quality. Sprout damage was very isolated in certain areas. Overall, we are very happy because it could have been much worse. At the elevator, we took in 643,000 bushels with protein average around 15% and average test weight was 59.6 lbs." Jerry Cope, who does the grain marketing for Dakota Mill and Grain Inc. in Rapid City, South Dakota, said that their spring wheat acres were down over 50% mainly due to the late wet spring that prevented planting more acres. "Acreage intentions had been higher than a year ago mainly to keep within rotations," said Cope. "Wheat that was planted matured early enough to escape most of the damage," said Cope. "Harvested wheat overall has test weights of 59 lbs to 60-plus lbs and quality was good. Vomitoxin was easily under 2.0 ppm, very little damage and falling numbers were above 300. The exception was East River where vomitoxin was more common. Rain did slow harvest and the weed growth created high dockage and in some cases, dropped color from northern to red spring wheat. "There is frustration among customers with red spring wheat showing no vomitoxin, no sprout and high falling numbers being lumped in the same non-milling category as the sprouted, low falling numbers wheat in North Dakota and Canada. The same severe discounts for a "color only" issue and not a USDA grade factor is hard to explain." There are three subclasses for U.S. hard red spring (HRS) wheat. U.S. Wheat Associates states that, "subclass is a separate marketing factor based on the number of kernels with a complete, hard and vitreous endosperm." Flour milled from HRS wheat with greater percentages of dark, hard, vitreous (DHV) kernel shows higher water absorption capacity for bread making. The three classes are: dark northern spring (DNS) consisting of 75% or more dark, hard vitreous kernels; northern spring (NS), between 25 and 74% dark, hard vitreous kernels; and red spring (RS), less than 25% dark, hard, vitreous kernels. Cope added that, "Movement has been better than the crop size would indicate as growers make room for a big fall crop and sell for cash needs. Expect spring wheat movement to stop once row crop harvest begins." A farmer in eastern South Dakota said that he finished up harvest on Aug. 30 and yields were average to slightly below average with a lot of lodging, which cost him yield and adversely affected quality. He noted that despite the fact he finished up before the big rains hit in early to mid-September, there was still plenty of rain and many humid nights and mornings after the crop ripened in August, which resulted in some sprouting. "Test weights started out in the 62- to 63-pound area, but after the rain we lost test weight and most of it will be in the 58-59 range," he said "Falling numbers values are all over the place ranging from the low 200s to low 300s, but I'm afraid most of it is going to be in that 225-275 range. Vomitoxin levels so far have been hovering around 2.0 ppm but have heard reports of 5.0 ppm and higher." Allan Klain, who farms northwest of Turtle Lake, North Dakota, said that yields and quality were good for the most part early on. "We were hand to mouth with precipitation until late August, but since then have received 12.5 inches of rain. Quality issues with low falling numbers are a real problem with any wheat harvested after Sept. 10. "We have 10,000 bushels of hailed "junk" wheat that we binned and haven't tested yet. Our hired man went to Canada on Sept. 9 and estimated 70% of the wheat was still out from Minot north. All in all, we were slightly above average yield in the 50s on wheat. We will start beans Oct. 7 ahead of a forecast of 8-plus inches of snow expected in four days. Will be filling trucks on road with cart as it is way too soft in field," said Klain. As the delays in harvest moved deep into September and quality continued to deteriorate, the cash price increased. The DTN National Hard Red Spring Wheat Index on Sept. 1 was at $4.33 and rose to $5.03 by Oct. 1. The Minneapolis spot basis moved higher in late-September when there were few milling cars showing up for sale, but as more cars came to market recently, the spot basis began to weaken. However, once farmers start soybean and corn harvest, car counts on the spot market will likely decrease. LATE DURUM CROP IN BAD SHAPE The recent USDA crop progress report estimated that 78% of the North Dakota durum crop and 55% of the Montana crop had been harvested by the end of September. The North Dakota Wheat Commission said that, "as with spring wheat, it is likely some of the durum crop simply won't be harvested and quality on the remaining crop will be compromised." North Dakota farmers on social media disagree with the USDA reporting that 78% of durum is harvested. Many said they haven't turned a wheel in more than a week and it might be another week before they get going. One farmer noted that he was only 35% done on durum and knows of other farmers who hadn't even started yet and may end up tilling the crop up. BJ Wehrman, of Ambrose, North Dakota, said he lives in the heart of durum country and there is more left to combine than has been cut. "If 50% has been cut I would be surprised, and it's not 'backyarditis' because it extends all the way to the South Dakota border and west a couple hundred miles into Montana. "It's not good up here. Canola is sprouting, wheat is sprouting and starting to lay down. Have even heard of some flax and safflower sprouting also. I haven't turned a wheel in nine days. Started harvest approximately Aug. 21 and I don't think we have had more than three days of work in a row," said Wehrman. "We are in a historically strong durum area, but a lot of guys have moved away from that over the last eight years or so and shifted to spring wheat since quality is easier to maintain, but it's getting tougher and tougher each year to even want to plant much wheat, let alone durum." Wehrman added that, "This is the first year on our farm in probably 50 years that we had zero acres of durum and man, am I glad we didn't. We pushed hard and got all our spring wheat off with only one small rain on it. If we had durum, it would still be in field, as we normally plant durum last, around May 20, and it wouldn't have been off yet." Cash durum prices have been climbing and are in the $8.00-plus range (basis delivered Chicago/beyond) and continue to rise. Some mill buyers said that there aren't many offers in the U.S. or even Canada; Canadian durum is in rough or even worse shape. When I traded durum in the past and there was a quality issue, farmers with good milling quality would "padlock" their durum bins and bide their time until they needed cash. A few farmers I have talked with the past few weeks have mentioned that they are weighing whether or not to file a crop insurance claim because of the poor quality issues in the wheat crop, but said it's not an easy decision because of how it would affect their actual production history yield (APH) going forward. This has been a rough year for many farmers and it's going to get worse. DTN Senior Ag Meteorologist Bryce Anderson noted in his Oct. 7 forecast that "a season-ending freeze is indicated for the Northern and western Plains and the northwestern Midwest this week, along with harvest-disrupting rain and snow." National Weather Service's Bismarck, North Dakota office has indicated widespread, accumulating snow beginning Oct. 9, and possibly continuing through Friday in western and central North Dakota. This will be a knife through the hearts of farmers in those areas. Luken summed it up well: "This is the longest small grain harvest I have ever seen in the 40 years I have been in this business. I hope Mother Nature gives us a break for the 2020 growing season because we really need one." Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** Will the 13th US-China Trade Meeting Be the 'Lucky One?' There is increased focus and anticipation heading into next week's trade talks with China. In the livestock industry, the pork market has the most at stake for things to go well. Anticipation of not only increased trade, but also an open invitation to expand pork trade into a market where demand is high and supplies continue to fall is keeping traders, and the industry as a whole, on pins and needles. With the trade war waging on over the last year and concerns of African swine fever in China decimating pork production there, focus is on the need to increase imports into China. Although China imports of pork in general have posted significant gains in 2019, it has been evident that the U.S. is not on the top of any supplier lists due to the ongoing trade war -- and this may not change in the near future. Given the lack of success and progress during the previous meetings between the two countries, it is fair to say that a more realistic expectation for the meetings would be for "moderate progress" to be made and hopefully plans to meet again in the near future. However, expectations going into this meeting range from no progress to an actual trade agreement. The market reaction to any of these scenarios, especially in the lean hog complex, is uncertain. The market has moved in a volatile fashion based on the rumors of China pork trade and has been disappointed by the lack of positive statements over the past months. Over the past year, lean hog futures prices have gyrated within a $40-per-cwt-wide trading range (Oct. 19, 2018, at $51.60 to May 17, 2019, at $92.37 per cwt). The need for China to feed its population combined with the country's continued decision not to tap into U.S. pork supplies only adds volatility to the market. The market movements are expected to increase over the next few days as more news coverage will surround the trade talks, and hopes for a positive deal will be high. More than likely, this is not a situation that can be ironed out in the next meeting, although both sides seem to have increased incentive to make significant progress. However, both sides are needing to create "hope" that a viable attempt will be seen, and this will likely spark some underlying support through the entire hog complex. The issues of the trade deal are significant and fundamentally tied to each country's economy and how the government of each country conducts business. However, the repercussions continue to be felt by the core of the agriculture industry and by producers whose main desire and passion is to provide food in order to feed the world. No matter what happens next week (or in future months), the ag industry will survive due to the resilience of the amazing producers at its core. But the implications will also be significant not only to the economy, but specifically to the grain and livestock industries. So, no matter if the 13th meeting is viewed as "good luck" or "bad luck," there will be anxious eyes watching every detail concerning the meeting, as hopes for a positive outcome develop. Rick Kment can be reached at Rick.Kment@dtn.com ****************************************************************************** DTN Weekly Average DDG Price Slightly Higher OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $1, to $140 per ton, for the week ended Oct. 3. Prices were mixed from various sellers, but the strength in the cash has kept the market firm overall. The Energy Information Administration reported on Wednesday that for the week ended Sept. 27, ethanol plant production increased 15,000 barrels per day (bpd) or 1.6% from a more than 3-1/2 year low to 958,000 bpd, which is 57,000 bpd or 5.6% below the year-ago operating rate for the same week. Midwest producers accounted for 10,000 bpd of the weekly increase in output. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 3 was at 100.11%. The value of DDG relative to soybean meal was at 46.64%. The cost per unit of protein for DDG was $5.15, compared to the cost per unit of protein for soybean meal at $6.27. In its weekly export DDGS update, the U.S. Grains Council stated, "The DDGS export market is much the same as last week with FOB Gulf values declining slightly and 40-foot containers to Southeast Asia steady at $239 per metric ton. The move higher in soybean meal futures has reportedly prompted some international buyers to take a more cautious approach. Still, with DDGS supplies expected to remain tighter through the fall, exporters are defending asking prices." ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE COMPANY STATE 10/3/2019 9/19/2019 Bartlett and Company, Kansas City, MO (816-753-6300) Missouri Dry $150 $140 $10 Wet $75 $70 $5 Show Me Ethanol LLC, Carrollton, MO (660-542-6493) Missouri Subject Dry $142 $142 $0 Wet $72 $72 $0 CHS, Minneapolis, MN (800-769-1066) Illinois Dry $140 $145 -$5 Indiana Dry $145 $145 $0 Iowa Dry $130 $130 $0 Michigan Dry $145 $150 -$5 Minnesota Dry $130 $130 $0 North Dakota Dry $130 $130 $0 New York Dry $145 $145 $0 South Dakota Dry $125 $125 $0 MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) Kansas Dry $145 $135 $10 POET Nutrition, Sioux Falls, SD (888-327-8799) Indiana Dry $150 $155 -$5 Iowa Dry $145 $145 $0 Michigan Dry $135 $135 $0 Minnesota Dry $145 $140 $5 Missouri Dry $145 $150 -$5 Ohio Dry $155 $150 $5 South Dakota Dry $150 $145 $5 United BioEnergy, Wichita, KS (316-616-3521) Kansas Dry $145 $150 -$5 Wet $55 $60 -$5 Illinois Dry $147 $145 $2 Nebraska Dry $145 $145 $0 Wet $50 $50 $0 U.S. Commodities, Minneapolis, MN (888-293-1640) Illinois Dry $140 $140 $0 Indiana Dry $150 $145 $5 Iowa Dry $135 $135 $0 Michigan Dry $145 $145 $0 Minnesota Dry $130 $130 $0 Nebraska Dry $135 $130 $5 New York Dry $160 $150 $10 North Dakota Dry $135 $135 $0 Ohio Dry $150 $150 $0 South Dakota Dry $130 $130 $0 Wisconsin Dry $130 $130 $0 Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362) Indiana Dry $136 $136 $0 Iowa Dry $135 $125 $10 Minnesota Dry $140 $120 $20 Nebraska Dry $135 $135 $0 Ohio Dry $145 $140 $5 South Dakota Dry $135 $128 $7 California Dry $200 $195 $5 Western Milling, Goshen, California (559-302-1074) California Dry $203 $200 $3 *Prices listed per ton. Weekly Average $140 $139 $1 The weekly average prices above reflect only those companies DTN collects spot prices from. States include: Missouri, Iowa, Nebraska, Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, Wisconsin and Indiana. Prices for Pennsylvania, New York and California are not included in the averages. VALUE OF DDG VS. CORN & SOYBEAN MEAL Settlement Price: Quote Date Bushel Short Ton Corn 10/3/2019 $3.8875 $138.84 Soybean Meal 10/3/2019 $298.00 DDG Weekly Average Spot Price $140.00 DDG Value Relative to: 10/3 9/19 Corn 100.11% 104.41% Soybean Meal 46.64% 47.57% Cost Per Unit of Protein: DDG $5.15 $5.15 Soybean Meal $6.27 $6.15 Notes: Corn and soybean prices take from DTN Market Quotes. DDG price represents the average spot price from Midwest companies collected on Thursday afternoons. Soybean meal cost per unit of protein is cost per ton divided by 47.5. DDG cost per unit of protein is cost per ton divided by 27. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** It's a Wrap! 2019 Hard Red Winter Wheat Harvest Finally Ends In their Sept. 6 weekly harvest report, the U.S. Wheat Association (USW) noted that the 2019 hard red winter (HRW) wheat harvest was winding down. Harvest was 95% complete in Montana, 99% in Washington and 96% in Idaho. Harvest was running slow in those areas, as it was in most of the winter-wheat-growing areas this year. USW noted that the 2019 crop overall graded a #1 HRW milling quality, 11.3% protein, 60.8 test weight, 0.1 foreign material, 0.3 damage, 0.8 shrunk and broken kernels for a total defect count of 1.2. That grade is very similar to last year, except that the protein average for the 2018 crop was at 12.3%. Remember that flour mills' flavor of choice is 12% protein when it comes to making flour. A mill buyer told me that, while flour mills make a 13% protein flour, the most common is a "mid-mix," 12% protein flour. One thing to note is that 1% of the wheat protein is lost in the flour-making process, meaning mills may be blending this year due to the low-protein crop. The spread between protein premiums has been widening due to the lower-protein crop produced this year. The Sept. 20 Kansas City HRW spot market showed the high side of 11.2% at +98KCZ and the high side of 11.4% protein through 11.8% protein at +135KCZ. The high side of 12% protein through 12.4% was at +135KCZ and then jumps to +182KCZ for the high side of 12.6% through 12.8%. The premium for 13% through 14% was quoted at +190 for the high side. DIFFERENT AREAS PRODUCED DIFFERENT CROP Tim Luken, manager at Oahe Grain in Onida, South Dakota, told me the HRW harvest there started July 23, about two weeks later than normal, and ended about one month later due to weekly rain events. "This was a war with Mother Nature, but overall, our crop wasn't the end of the world," Luken said. "Yes, almost all the bushels had some sort of tombstone or scab damage, and we did lose test weight due to rains. Some wheat was 61 pounds at the start, and by the time the same field was done, test weight was down to 56 pounds. "As for the higher-damage crop, we told the producer to take it home and take samples out of each load to come up with a composite sample of the field or bin. There are those bushels on the farm we will deal with later in the marketing season. Vomitoxin levels on loads we dumped here were within the 2 ppm (parts per million) or less range. Some of the samples we sent in to be officially graded were from 2.5 ppm to over 5 ppm. I did hear some delusional samples coming back as high as 19% vomitoxin that insurance companies had sent in to be tested. I have heard yields at 55 to 100 bushels per acre (bpa), but 65 bpa to 70 bpa was more common. In our elevator, we took in 1.2 million bushels and averaged 60 pounds 12.7% protein and 12.3 moisture." Scott Van Allen, who farms in Sumner County, Kansas, and is a Kansas Wheat Commissioner, told me that the 2019 winter wheat harvest was one for the record books for south-central Kansas. "It started off with record amount of rain in April, May and June, which delayed harvest approximately two to three weeks," Van Allen said. "When you combine that with the late planting last fall because of rain, it was a pretty mediocre crop overall. Yields were mostly average with some below average, but quality was surprisingly good with 62 to 64 pound test weights and protein in the 11% range." In north-central Texas, wheat harvest ran in to some rain and humidity early on, but Lindsay Kimbrell of Kimbrell Farms told me that their crop was "above average for around our area, with average protein and quality." Justin Gilpin, CEO of Kansas Wheat, said, "We had excellent yields out in western Kansas, but not so good in the central corridor that were impacted by flooding and too much moisture." Kansas Wheat reported in their final harvest report that proteins varied by location. "In the west, proteins were well below average, ranging from 10.5% to 11.5%, with spotted areas of 12%," Kansas Wheat said in their report. "In central and south-central Kansas, proteins ranged from 10.5% to 12%, which is above a normal average of 10.5% to 11%." In their July 26 weekly harvest update, USW noted that HRW harvest was finally 100% complete in Texas, Oklahoma and Kansas. WILL LOWER PRICES DETER PLANTED ACRES THIS FALL? The 2020 hard red winter crop insurance price has been set at $4.35 per bushel versus $5.74 last year, making the 2020 hard red winter wheat price the lowest crop insurance price since 2006 at $3.52 per bushel. That lower price could push planted acres in Kansas and other states to another historical low. Van Allen said there will definitely be fewer acres of wheat planted in Sumner County. "I am personally planting the fewest acres I have since I started farming 40-plus years ago," he said. "Cash prices below $4 per bushel and 2020 prices not much better are the main reason." "Our acres will probably be flat in north-central Texas," said Kimbrell. "We will likely plant the same as same as last season. It worked well for us this year, so hopefully if weather allows, we'll do the same." "Winter wheat planting in South Dakota will be interesting," said Luken. "Some fields are so saturated that they can't even think to get them planted. I will say planting will be down and that is due to fields being too wet. I am sure the producer will try to get as much planted as they can with what drier fields they can get into. Wheat is planted in our area to spread the workload and also rotation." "I tend to think with current economics, low cash wheat prices and low insurance price, there is less incentive to plant HRW in the Southern Plains," said Gilpin. "Also, we are estimating because of the good moisture this spring and interest in the Market Facilitation Program (MFP) program, we saw more acres get planted to corn and less acres of fallow than we've maybe ever had in western Kansas. Those fallow acres in western Kansas that were planted to a spring crop instead of waiting for this fall to plant winter wheat leads me to think there will be lower wheat planted acres in western Kansas. "It is getting pretty dry here, so that will be a factor farmers also consider. If we are on the verge of a more average-type year with less rain, there may be some interest in double cropping in central Kansas if this fall harvest of other crops happens in a timely manner." Gilpin added, "Wheat is an important crop for Kansas farmers as the added benefits of weed control in rotation, crop residue for soil health and protection. Improved varieties on the market recently from public and private programs, with improved yield potential, are positives for growers preparing for wheat seeding this fall." Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** DTN Weekly Average DDG Price Higher OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $3 on average, to $139 per ton, for the week ended Sept. 19. The higher cash corn price is giving support to DDG prices. In addition, with the closing of another ethanol plant, DDG supplies are getting tight in some states. In the past week, Siouxland Energy Cooperative in Sioux Center, Iowa, idled production at its 90-million-gallon corn-ethanol plant, bringing the number of idled plants so far this year to more than 15. These closures and other slowdowns have also kept the DDG prices firm. The Energy Information Administration reported on Wednesday that for the week ended Sept. 13, ethanol production was at 1.003 million barrels per day (bpd), a five-month low. Stocks were increased by 700,000 barrels (bbl) from an 11-week low to 23.2 million bbl. Some merchandisers noted that ethanol margins improved for the week due to shutdowns reducing the abundant supply of ethanol. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 19 was at 104.41%. The value of DDG relative to soybean meal was at 47.57%. The cost per unit of protein for DDG was $5.15, compared to the cost per unit of protein for soybean meal at $6.15. In its weekly export DDGS update, the U.S. Grains Council stated, "FOB Gulf DDGS prices are slightly ($3/mt) lower this week for October shipment while U.S. rail rates have increased $2/mt on average. Asking prices for 40-foot containers to Southeast Asia are up $4/mt to $239/mt following last week's active inquiries." ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE 9/12/ COMPANY STATE 9/19/2019 2019 Bartlett and Company, Kansas City, MO (816-753-6300) Missouri Dry $140 $145 -$5 Wet $70 $73 -$3 Show Me Ethanol LLC, Carrollton, MO (660-542-6493) Missouri Subject Dry $142 $140 $2 Wet $72 $72 $0 CHS, Minneapolis, MN (800-769-1066) Illinois Dry $145 $145 $0 Indiana Dry $145 $145 $0 Iowa Dry $130 $130 $0 Michigan Dry $150 $150 $0 Minnesota Dry $130 $130 $0 North Dakota Dry $130 $130 $0 New York Dry $145 $145 $0 South Dakota Dry $125 $125 $0 MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) Kansas Dry $135 $135 $0 POET Nutrition, Sioux Falls, SD (888-327-8799) Indiana Dry $155 $150 $5 Iowa Dry $145 $135 $10 Michigan Dry $135 $135 $0 Minnesota Dry $140 $135 $5 Missouri Dry $150 $150 $0 Ohio Dry $150 $145 $5 South Dakota Dry $145 $140 $5 United BioEnergy, Wichita, KS (316-616-3521) Kansas Dry $150 $145 $5 Wet $60 $55 $5 Illinois Dry $145 $143 $2 Nebraska Dry $145 $140 $5 Wet $50 $45 $5 U.S. Commodities, Minneapolis, MN (888-293-1640) Illinois Dry $140 $135 $5 Indiana Dry $145 $140 $5 Iowa Dry $135 $130 $5 Michigan Dry $145 $135 $10 Minnesota Dry $130 $125 $5 Nebraska Dry $130 $130 $0 New York Dry $150 $150 $0 North Dakota Dry $135 $135 $0 Ohio Dry $150 $145 $5 South Dakota Dry $130 $125 $5 Wisconsin Dry $130 $130 $0 Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362) subject Indiana Dry $136 $136 $0 subject Iowa Dry $125 $125 $0 subject Minnesota Dry $120 $120 $0 subject Nebraska Dry $135 $135 $0 subject Ohio Dry $140 $140 $0 subject South Dakota Dry $128 $128 $0 subject California Dry $195 $195 $0 Western Milling, Goshen, California (559-302-1074) California Dry $200 $205 -$5 *Prices listed per ton. Weekly Average $139 $136 $3 The weekly average prices above reflect only those companies DTN collects spot prices from. States include: Missouri, Iowa, Nebraska, Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, Wisconsin and Indiana. Prices for Pennsylvania, New York and California are not included in the averages. VALUE OF DDG VS. CORN & SOYBEAN MEAL Settlement Price: Quote Date Bushel Short Ton Corn 9/19/2019 $3.7275 $133.13 Soybean Meal 9/19/2019 $292.20 DDG Weekly Average Spot Price $139.00 DDG Value Relative to: 9/5 9/5 Corn 104.41% 107.41% Soybean Meal 47.57% 45.93% Cost Per Unit of Protein: DDG $5.15 $5.04 Soybean Meal $6.15 $6.23 Notes: Corn and soybean prices take from DTN Market Quotes. DDG price represents the average spot price from Midwest companies collected on Thursday afternoons. Soybean meal cost per unit of protein is cost per ton divided by 47.5. DDG cost per unit of protein is cost per ton divided by 27. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** Key Columbia River Lock Shutdown Stops All Barges Headed for Export The Columbia-Snake River System in the Pacific Northwest is the nation's single largest wheat export gateway, transporting over 50% of all U.S. wheat to markets overseas. That all came to a temporary, but very significant, stoppage at the Bonneville Lock and Dam, located about 40 miles northeast of Portland, Oregon. On Thursday, Sept. 5, the lock operators observed issues closing the lock gate and determined that continued operation posed risks of further damage. The next day, the U.S. Army Corps of Engineers Portland Division issued a contract to inspect and repair the lock after engineers determined the lock had a leak, the Corps noted on its website. On Sept. 7, engineers and experts drained and inspected the lock to assess the needed repairs as Corps contractors prepared to repair the lock. On Sept. 8, the Corps team determined that the concrete sill (a narrow horizontal ledge protruding a short way into the chamber from below the upper gates) under the downstream gate was the cause of the issue. "We've started demolition of the damaged sill, which is expected to be completed Tuesday, Sept. 10. After cleanup of the demolition debris, we can begin the repairs necessary to restore the lock to operation," the Corps stated on its website. The Corps started demolition of the damaged concrete sill at the downstream end of the navigation lock, and by Sept. 12, demolition and cleanup of the sill was complete and drilling through concrete began, noted the Corps. The final determination and timeline for the repairs came in a Sept. 11 statement by the Portland Engineer District, saying the lock will return to service at 10 a.m. on Sept. 30. "This lock closure is significant, which is why our engineers, experts and contractors are working tirelessly to ensure we get the locks back in service as quickly as possible," Portland District Commander Col. Aaron Dorf stated in a Sept. 11 news release. "It is not lost on anyone in the Portland District that this outage has tremendous impacts to Columbia River users. Between now and Sept. 30, our teams will be working around the clock to construct the new sill to restore Columbia River traffic." IMPACT ON FARMERS AND EXPORTERS I spoke with Bill Flory, an Idaho farmer who grows soft white wheat and malt barley in Winchester and Claremont, on Saturday. As we were talking, he told me he was just finishing his wheat harvest because rains had delayed it. I asked him if he was affected yet by the lock closure, and he told me that, at this time, he was not. Flory takes his wheat to a river terminal in Lewiston, Idaho, where it then heads to the PNW for export. "We normally have a distinct advantage here in our ability to move grain from combine to an export vessel within three to four days," said Flory. "The Corps does an excellent job of repair maintenance, but this latest closure (at Bonneville) was certainly unexpected," added Flory. "Let's hope to get this current repair done on schedule, because there are many barges upstream ready to come down." I spoke with an exporter who relies on those barges to fill waiting vessels. He said he expects to see more double berthing and increases to both rail and vessel demurrage, while the logistics of loading vessels will be much more difficult. "Certainly, from an inland shipper standpoint, a force majeure would be applicable, but from an exporter standpoint, I don't see it applying because rail is available," he said. Within the PNW, there are now three BNSF shuttle loaders and one UP larger train loading station, so shipments could shift in that direction depending on the logistics of possibly handling the surplus, noted the exporter. "Switching from barge to rail will increase costs of shipping for some exporters and lower margins as well," the exporter said. The soft white wheat harvest is mainly finished, with the exception of the high line of Washington. That area is where the majority of the effect of the lock closure could be felt on farmers, unless rail cars are available to move the crop. One spot that can load out shuttles in that area is the Highline Grain terminal at Four Lakes, Washington. INFRASTRUCTURE MUST BECOME A PRIORITY Flory and I talked about the state of all the locks and dams on the entire U.S. river system. We both agreed it is imperative a new infrastructure plan becomes a reality, with enough money allocated to the USACE before more aging locks and dams fall apart and create monetary losses for farmers if they lose their ability to ship to the river. The U.S. Army Corps of Engineers has said in the past that it is "unable to adequately fund maintenance activities to ensure the navigation system operates at an acceptable level of performance." A failure of significant duration, especially during and right after harvest, would have a devastating impact on shipments of agriculture products and likely cause farmers to lose money, affecting their profitability. Shippers and exporters, as well as barge lines, would also experience monetary losses. A Jan. 3, 2018, Washington Post article quoted President Donald Trump: "Infrastructure is by far the easiest," the president said Dec. 22, 2017 during the bill signing for the tax overhaul. "I could've started with infrastructure; I actually wanted to save the easy one for the one down the road. So we'll be having that done pretty quickly." Fast forward to this past spring when President Trump was set to meet with Democratic leaders at the White House to discuss details of a $2 trillion spending bill for U.S. infrastructure. The meeting actually took place, but CNBC reported in a May 22, 2019, article that President Trump walked out of the meeting. He told reporters in the Rose Garden, "I walked into the room and I told Sen. Schumer and Speaker Pelosi that I want to do infrastructure, but we can't do it under these circumstances." The circumstances he spoke of were that the Democrats supported the Special Counsel investigation of Russian interference in the 2016 U.S. elections and suspicious links between Trump associates and Russian officials, conducted by special prosecutor Robert Mueller. In the meantime, our aging U.S. lock-and-dam system on U.S. waterways is deteriorating and is in dire need of permanent repair or replacement. Most of the locks and dams were built in the 1930s, and engineers estimated their lifespan at 50 years. The Corps constantly has to put Band-Aids on some of those locks that have deteriorated, because of the budget constraints to do complete replacement. Tom Russell, Russell Marine Group with locations in New Orleans and Portland, said it best when describing the negative effect on commerce due to the many closures we have seen and continue to see on the U.S. River system so far in 2019: "The dependability of the U.S. conveyor belt is in question ... big time now." Here is the Sept. 11 news release from the Portland District about the closure: https://www.nwp.usace.army.mil/Media/News/Article/1957794/corps-of-engineers-off icials-bonneville-navigation-lock-to-return-to-service-se/. Here is a Columbia-Snake River fact sheet showing where the Bonneville Lock and Dam is located: http://www.dtn.com/ag/assets/CSRS.pdf. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ****************************************************************************** DTN Weekly Average DDG Price Stronger OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $2 on average, to $136 per ton, for the week ended Sept. 12. The cash corn price rallied this week, giving some support to DDG prices, along with tight supplies in areas where plants have slowed or shut down. The Energy Information Administration (EIA) noted ethanol supply in the U.S dropped more than 1 million barrels in the first week of September despite a fourth straight week of decline in net inputs by refiners and blenders, a measure of demand. EIA also said plant production rose 1% last week. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 12 was at 107.41%. The value of DDG relative to soybean meal was at 45.93%. The cost per unit of protein for DDG was $5.04, compared to the cost per unit of protein for soybean meal at $6.23. In its weekly export DDGS update, the U.S. Grains Council stated, "FOB Gulf DDGS prices are slightly ($2/metric ton) lower this week while U.S. rail rates have increased $3/mt on average. Asking prices for 40-foot containers to Southeast Asia are up $3/mt to $235/mt following last week's active inquiries." ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE COMPANY STATE 9/12/2019 9/5/2019 Bartlett and Company, Kansas City, MO (816-753-6300) Missouri Dry $145 $140 $5 Wet $73 $70 $3 Show Me Ethanol LLC, Carrollton, MO (660-542-6493) Missouri Subject Dry $140 $140 $0 Wet $72 $72 $0 CHS, Minneapolis, MN (800-769-1066) Illinois Dry $145 $140 $5 Indiana Dry $145 $140 $5 Iowa Dry $130 $125 $5 Michigan Dry $150 $145 $5 Minnesota Dry $130 $125 $5 North Dakota Dry $130 $125 $5 New York Dry $145 $140 $5 South Dakota Dry $125 $120 $5 MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) Kansas Dry $135 $135 $0 POET Nutrition, Sioux Falls, SD (888-327-8799) Indiana Dry $150 $145 $5 Iowa Dry $135 $135 $0 Michigan Dry $135 $125 $10 Minnesota Dry $135 $130 $5 Missouri Dry $150 $150 $0 Ohio Dry $145 $140 $5 South Dakota Dry $140 $135 $5 United BioEnergy, Wichita, KS (316-616-3521) Kansas Dry $145 $135 $10 Wet $55 $40 $15 Illinois Dry $143 $140 $3 Nebraska Dry $140 $135 $5 Wet $45 $40 $5 U.S. Commodities, Minneapolis, MN (888-293-1640) Illinois Dry $135 $135 $0 Indiana Dry $140 $140 $0 Iowa Dry $130 $130 $0 Michigan Dry $135 $135 $0 Minnesota Dry $125 $125 $0 Nebraska Dry $130 $130 $0 New York Dry $150 $150 $0 North Dakota Dry $135 $135 $0 Ohio Dry $145 $145 $0 South Dakota Dry $125 $125 $0 Wisconsin Dry $130 $130 $0 Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362) Indiana Dry $136 $136 $0 Iowa Dry $125 $125 $0 Minnesota Dry $120 $120 $0 Nebraska Dry $135 $135 $0 Ohio Dry $140 $140 $0 South Dakota Dry $128 $128 $0 California Dry $195 $195 $0 Western Milling, Goshen, California (559-302-1074) SUBJECT California Dry $205 $198 $7 *Prices listed per ton. Weekly Average $136 $134 $2 The weekly average prices above reflect only those companies DTN collects spot prices from. States include: Missouri, Iowa, Nebraska, Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, Wisconsin and Indiana. Prices for Pennsylvania, New York and California are not included in the averages. VALUE OF DDG VS. CORN & SOYBEAN MEAL Settlement Price: Quote Date Bushel Short Ton Corn 9/12/2019 $3.5450 $126.61 Soybean Meal 9/12/2019 $296.10 DDG Weekly Average Spot Price $136.00 DDG Value Relative to: 9/5 9/5 Corn 107.41% 108.28% Soybean Meal 45.93% 46.42% Cost Per Unit of Protein: DDG $5.04 $4.96 Soybean Meal $6.23 $6.08 Notes: Corn and soybean prices take from DTN Market Quotes. DDG price represents the average spot price from Midwest companies collected on Thursday afternoons. Soybean meal cost per unit of protein is cost per ton divided by 47.5. DDG cost per unit of protein is cost per ton divided by 27. Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn ******************************************************************************

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