Northern Crops Marketing and Investments, Ltd. (NCMI) is a full service commodity brokerage firm located at 142 Christian Drive in Grand Forks, North Dakota, the heart of North America's agriculture production area. We specialize in agricultural risk management and marketing strategies. We also trade through R. J. O'Brien & Associates, our clearinghouse.
NCMI's primary objective is to help clients spread, transfer, and limit risk. We utilize futures and options, along with cash contracts, to hedge. Basis, premiums, and discounts are also monitored closely. We have a variety of clientele across the United States and agri-business contacts worldwide.
Our goal is to combine our experience with the latest technology to provide quality, personal service. NCMI is committed to directly communicating with clients on a regular basis to establish and execute a marketing plan.
The DTN National Corn Index, which computes a national average cash price based on information from thousands of elevators, settled at its highest level in five years as wet weather casts a cloud over production potential.
Wet fields, delayed planting, and how many corn acres are lost this year because of challenging weather and field conditions are influencing domestic demand of some fertilizers. The global ammonia price level is starting to hurt some production spots but, so far, no major cutbacks in output are seen.
The Illinois Department of Agriculture has agreed to move its cutoff date for over-the-top dicamba applications from June 30 to July 15 for June-planted soybean fields. Other states are under pressure to do the same, including Minnesota and South Dakota.
Reps. Collin Peterson, D-Minn., and Dusty Johnson, R-S.D., introduced legislation that would set a June 1 deadline for small-refinery waiver applications, as well as make information public about the companies seeking waivers.
This material has been prepared by a sales or trading employee or agent of Northern Crops Marketing & Investments, Ltd. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Northern Crops Marketing & Investments, Ltd.'s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not relying, and will not rely solely on this communication in making trading decisions.
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Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
