10/21/24:Futures markets reamain choppy.  Continue to trade weather forecasts and robust row crop production.  Wheat and corn futures all up 3-5 cents, moderate recovery after the drop on Friday.  Corn bounced pretty solidly off of the $4 flat mark, a positive sign that it didn’t go test the $3.80 lows from a month ago.  Wheat technically has room to drop but feels like with the Russian story and corn establishing a potentially higher bottom it will be forced to do the same.  Weekly corn exports were big this week at 2,225K MT exceeding the top end of expectations.  Unknown, Japan, Columbia and Mexico made up over 80% of the purchases.  Wheat exports were upper end of the expectations as well at 504K MT.  HRS was over 40% of it with the main buyers being Mexico and Egypt.  HRW only 76K MT, and SWW 151K MT.  Need to keep the positive export pace rolling over the next few weeks, and couple that with Russian concerns about dryness and export pace… we start to see the demand driven rally Jan forward that we’ve been forecasting for.

Washington Cap-and-Trade Rebates Start Aug. 26

It will be first-come, first-served when Washington distributes $28.5 million to partially refund cap-and-trade surcharges to farmers and haulers of farm goods for fuel. Click on the link below for full Captial Press article.

Capital Press Cap & Trade Fuel Rebate Article

How To Apply.

  ***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