Hours:Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 7:00 PM Monday-Saturday; Closed Sunday Burbank Elevators Hours: 8:00 AM to 4:00 PM Monday-Friday; Closed Saturday and SundayContact us if you want our bids sent by text or email daily
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Contact Mason or John at 509-234-2500
Commentary
11/19/24: War escalation in the Black Sea has led to a 30-cent wheat bounce to start the week. To start the week the US signed off on allowing Ukraine to use long range missles provided by the US to fire deeper into Russia. Within 24 hours of that, Ukraine fired deep into Russia striking an ammo dump. Putin then updated Russia’s Rules of Engagement regarding the use of Nuclear Warfare in response to attacks on the country. Markets are watching closely and taking risk off, now concerned with all the “Trump Tariff” selling. Corn has played follower picking up 10 cents, still a nickel away from the strong resistance of 4.35 Dec futures. Outside of the war premium, fundamentals haven’t changed from last week. US continues to get beneficial rains for the winter wheat crop and demand for US wheat remains limited at best.
***Tri Cities Grain now offering Grain Settlement ACH Payments as well as Vendor ACH payments. 1 page form to fill out in order to set up the process. Please call with any questions Click here for the ACH Payment form
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Futures Quotes
Quotes are delayed, as of November 20, 2024, 10:59:13 PM CST or prior.
Commentary
Corn Posts Wednesday Strength as Robust Ethanol Production Continues -
The corn market rallied off early session lows on Wednesday, with contracts closing the day up 1 1/4 to 3 cents. Near record ethanol output and Soybeans Fall to Weakness on Wednesday as Bean Oil Adds Pressure -Soybeans continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean Cotton Rally on Wednesday -Cotton futures ended the midweek Wednesday session with contracts rallying 65 to 157 points. The outside markets were pressure factors but were Hogs Rally Resumes on Wednesday as Negotiated Cash Firms -Lean Hog futures closed out the Wednesday session with contracts up 57 cents to $1.52. The national average base hog negotiated price was up $2.55 Wheat Strength Pushes ton Wednesday’s Close as Black Sea Tensions Remain High -The wheat complex continues to extend higher as the Black Sea tensions heighten, with all three markets closing higher. Chicago SRW futures were up Cattle Post Mixed Trade on Wednesday -Live cattle futures rounded out Wednesday trade with contracts within 27 cents on either side of unchanged. Cash trade came across at mostly $185 Full commentary... |
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