Hours:Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 5:00 PM Monday-Friday; Closed Saturday and 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
Office #509-545-0900 & Elevator #509-545-5179.
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Contact Mason or John at 509-234-2500
Commentary
12/10/24: Both wheat and corn ending stocks in the US lower than the market anticipated on this mornings USDA report. Corn ending stocks projected at 1.74 billion bu down from 1.94 billion bu on the November report. Trade expected it to be around 1.91 billion bu, and the market is reacting favorably to the miss with futures now 6 cents off the 6-month highs. Wheat ending stocks came in at .795 billion bu down from .815 billion bu in November. This is below the average guess of the market of .814 billion bu but still in the range of expectations. Wheat boards up 2-5 cents led by HRW, but they all remain 60-65 cents off the highs. Soybeans were as expected with no change from the November number of .47 billion bu. World carryout numbers followed suit with corn carryout down 8 million metric tons to 296.44 MMT. Well below the markets expected number of 303.57 mmt. World Wheat and Soybeans essentially unchanged from the November numbers. Only note on the wheat by class is SWW stocks dropped from 95 to 80, USDA never seems to have the best handle on SWW compared to the other wheats, but that’s a significant drop and should help keep SWW bids from breaking in the near term. Friendly report should help keep prices relatively firm in the near term. All eyes on corn and if it can break through the 6-month high.
***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
Cash Bids Delivered TCG; No Additional Fees or Fuel Surcharges Deducted
Quotes are on 15 min delay with futures markets. Please call to confirm pricing
Futures Quotes
Quotes are delayed, as of December 11, 2024, 04:33:18 PM CST or prior.
Commentary
Cattle Rally Continuing at Midweek -
Live cattle futures are continuing the rally on Wednesday with gains of $1.15 to $1.45 at midday. Early cash action has seen $191 trade reported in Cotton Bulls Pushing Back on Wednesday -Cotton futures are trading with 60 to 77 point gains on Wednesday. The outside markets are mixed factors, with the US dollar index up 278 points and Corn Extending Gains as Ethanol Production Bounces -Corn futures are trading with 1 to 2 cent gains so far on Wednesday to extend the strength on Wednesday. Preliminary open interest saw net new Soybeans Bulls Pushing Higher on Wednesday -Soybeans are trading with 4 to 5 cent gains across the nearbys so far on Wednesday. CmdtyView’s national front month Cash Bean price is up 3 1/2 Wheat Popping Higher on Wednesday -The wheat complex is showing mostly higher trade across most contracts on Wednesday. Chicago SRW futures are 3 to 4 cents higher across most Hogs Continuing Slide on Wednesday -Lean hog futures are trading with 25 to 67 cent losses at midday, as Dec is up 50 cents ahead of expiration on Friday. The national average base hog Full commentary... |
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