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HoursPasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 8:00 AM to 5:00 PM Monday-FridayBurbank Elevators Hours: 8:00 AM to 4:00 PM Monday-FridayNOTE: ALL PRICES ARE NOW DELIVERED PASCO, NOT PORTLAND Contact us if you want our bids sent by text or email daily
Office #509-545-0900 & Elevator #509-545-5179.
Commentary
4/22/21: Hard to keep up!! Corn up another 17-25c. Wheat touched limit up 40c today. Over $1/bu climbs since Mar31 crop report. Weekly exports good as China keeps buying along with everone else. Freeze event occurred this week through winter wheat country, causing some concerns in the market. Dryness the bigger concern through the upper Midwest, Canadian plains, and Brazil. Old crop corn supply continues to shrink with the private exporters report this morning. Corn is the most bullish thing winter wheat has going for it right now. Old crop supplies of corn near or under a billion bu which is tight, if swing states like North Dakota are too dry to plant corn, then new crop balance tables start to tighten up as well. Spring wheat old crop stocks are fine, but spring wheat is basically only grown in the upper Midwest and the market is smaller than your other wheats. Producers are not selling old crop bu in case the dryness continues, and next year’s crop has issues. China has remained a constant buyer of world grains putting a steady floor under prices. Cash Bids Delivered TCG
Futures Quotes
Quotes are delayed, as of April 22, 2021, 03:31:19 PM CDT or prior.
Commentary
Wheat Markets Sharply Stronger -
Domestic wheat futures are near the 40 cent/bu limit at midday. CBT futures are 32 1/4 to 35 1/2 cents higher topping $7/bu. KC futures are 35 to 38 Soy Rallying through Midday -Front month soybean futures are up 32 1/4 to 44 1/4 cents at midday. Old crop futures are stronger than new crop, which has not been unusual this Triple Digit Losses for Cattle -The Thursday cattle complex is down triple digits reflecting the limit rally in corn. Fats are down $0.95 to $1.12. Cash sales so far have been $119 Hogs Mixed at Midday -Front month lean hog futures are mostly lower during mixed trading through Thursday’s midday, Futures are 2 to 95 cents in the red, to 22 to 45 Cotton Prices Gaining -Partaking in the broad crop rally on Thursday, front month cotton futures are trading 55 to 69 points in the black. Cotton export bookings for the Corn Locked Limit Higher -Old crop corn futures are stuck at the limited 25 cent gain at midday. May options expire tomorrow, as prices are at $6.50 and 1/2 per bushel. New Full commentary... |
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National Newswire
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Washington USDA Newswire
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NOAA Weather
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