|
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
1/19/2021: Wheat futures continued to run up early this morning up 6-10 cents. Main drivers Russia limiting exports, and Argentina threatening to. Have since faded all the way back and currently floating around unchanged. Wheat was on a standalone mission when it was up, corn and beans both down on improved rainfall in South America. Jan crop report friendly reducing production and carry outs 1-2% US and World. This run up close to over done, but will stay highly volatile even with weather not on the 1st page right now. Since Dec 1- OC wheat and corn futures up 90c to $1.10/bu and new crop (NC) slower rise up 50c for YC futures and up 80-90c for wheat futures. SW up 50c/bu same time frame. Prices profitable and worth selling into these rallies. Will be 3-4 months before we get clearer picture on Northern Hemisphere production prospects. Expect volatility to continue.
Cash Bids Delivered TCG
Futures Quotes
Quotes are delayed, as of January 21, 2021, 09:25:25 PM CST or prior.
Commentary
Wheat Closes Lower Thursday -
The wheat/corn spread tightened up some with wheat closing the day weaker. SRW futures were down by as much as 7 cents nearby. The Chi wheat/corn Soybeans End in Black -Beans faded at the close, but still ended the session higher. March futures settled 3/4 of a penny in the black with old crop gains limited to 2 3/4 Lean Hogs Close Mostly Higher -Feb futures missed out on the Thursday gains, closing 32 cents in the red. The other front months ended the day up 45 to 82 cents. Pork cutout Cattle Higher at Close -Live cattle futures closed the Thursday session with gains of as much as $1.07 for April. OI data as of 1/20 showed April positions more than double Corn Recovers on Thursday -At the close on Thursday corn prices were 1 to 3 cents higher. USDA announced a private export sale of 336,500 MT of 20/21 corn to unknown Cotton Gains Triple Digits -Front month cotton prices gained 98 to 111 points on the day. The dollar index continues to work lower following a blitz of spending and regulatory Full commentary... |
|
|
National Newswire
More news... |
Washington USDA Newswire
|
|
NOAA Weather
|
|
