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HoursPasco Office Hours: 7:00 AM to 4:00 PM Monday -FridayHarvest Hours: Pasco Elevator Hours: 8:00 AM to 5:00PM PM Monday-FridayBurbank Elevator Hours: 8:00 AM to 4:00 PM Monday-Friday
NOTE: ALL PRICES ARE NOW DELIVERED PASCO, NOT PORTLAND
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Office #509-545-0900 & Elevator #509-545-5179.
Commentary
9/24/20: Wheat futures trending lower again today. Wheat export sales lower end of range at 351K MT, SWW sales over a 1/3 of the sales. Bean and corn exports remain strong, near record exports on corn, but futures prices already pricing that in given 2020 large production. YC and Soybean harvests just getting started in U.S. US Wheat exports on projected USDA course which about 1 bil bu/ yr ave. US wheat priced out of additional swing demand. Beans and Corn to China are big programs driving the bus. Funds are long. Black Sea and South America waiting for much needed Rains. We welcome back the Blue Skys with no smoke! Rain in our forecasts much needed also.
MARKET UPDATES AND GRAIN INFORMATION now also available via Washington Grain Commission Podcast here Cash Bids Delivered TCG
Futures Quotes
Quotes retrieved on September 24, 2020, 10:43:26 PM CDT
Commentary
Corn Falls a Nickel -
At Thursday’s closing bell, front month corn futures were 4 to 5 1/4 cents in the red. USDA reported 2.139 MMT of corn sold on the week ending Hogs Sell into Report -At the close on Thursday, lean hog futures were down $0.32 to $1.07 in the front months. October futures were the firmest, closing just 2 cents Wheats Futures Climb Back -Afternoon trading in the domestic wheat futures market carried prices back up from midday lows. SRW futures rallied ~8 cents from the lows and Cattle Futures Close in Black -Front month fat cattle futures closed the Thursday session $0.62 to $1.07 higher. October was about $3.02 over the cash market. Feeder cattle Ag Market Commentary -At Thursday’s closing bell, front month corn futures were 4 to 5 1/4 cents in the red. USDA reported 2.139 MMT of corn sold on the week ending Double Digit Losses for Soybeans -On the fourth red candle soybeans fell another 12 1/4 to 16 1/4 cents. Soymeal futures closed the day $7.20 to $8.30/ton lower. BO futures were 33 Full commentary... |
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National Newswire
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Washington USDA Newswire
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