Grain Bids
CANOLA FOB UTOWN 03-26-23            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

SWW            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

Club Wheat Max 10.5%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

HRW 11.5%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

DNS 14.0%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

Barley (Coast)            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price
Quotes are delayed, as of March 28, 2024, 12:50:00 PM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.

Protein Scales

HRW: + 5 cents each 1/2% above 11.5% to 13.0%; - 10 cents each 1/2% below 11.5%

DNS: + 3 cents each 1/4% above 14.0% to 15.5%; - 7 cents each 1/4% below 14.0%

SWW: + 0 cents each 1/10% below 10.5%; - 0 cents each 1/10% from 10.5% to 12.0%. Max = -$0.00

** CLUB WHEAT MAX 10.5% PROTEIN ONLY **

Premiums and Discounts are Subject to Change...Please Call to Confirm


Commentary
Corn Rallies Out of Reports
Corn futures shot higher after NASS released data near midday. Current prices are working at or near their highs for the day with double digit gains of as much as 17 ¼ cents. NASS data showed corn stocks were counted at 8.347 bbu as pf March 1st, including 5.079 bbu...
Beans Back to Mixed for Midday
Soybeans were fading into the reports, before rallying out of the release. Current quotes are back to mixed as the new crop futures are holding fractional to 4 cent gains and old crop prices are back to 2 cents in the red. Midday Soymeal futures are trading $2 in the...
Wheat Futures Up Double Digits
Midday wheat futures are gaining double digits for midday, with prices ~5 cents off their highs. Chicago is up by as much as 2.9% for midday. KC wheat is gaining 8 to 11 cents so far. Spring wheat futures were slow to join the rally with futures near their highs...
Cotton Mostly Higher with Low Acreage Reported
Cotton futures are 70 points off their session highs into midday, following a strong surge out of the NASS data. New crop futures are also up by 21 to 43 points for midday. FAS data showed cotton bookings were 98.2k RBs for the week that ended 3/21. That was up...
Cattle Mostly Higher so far
Live cattle futures are trading with midday gains of as much as $1.80 across the front months. Feeders are also in the black with gains of as much as 80 cents. USDA confirmed some light cash trade on Wednesday mostly near $185, or $3 below last week. The 3/26 CME...
Hogs Pushing Upside into NASS Data
Lean hog futures are trading near to 70 cents under the session high for midday wit 40 to 8- cent gains on the board. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back up by 21 cents....

Futures Table
Quotes are delayed, as of March 28, 2024, 12:50:00 PM CDT or prior.

Local Daily Commentary

3/28/2024

Daily Email:  http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_03_28_24.pdf

 

Wheat futures are trading higher this morning, up 1 to 18 cents in the MAY 2024 futures. Markets were delayed as traders awaited the 9:00 PST release of the prospective planting report and the Quarterly Grain Stocks Report. Planted acres for wheat came in just a hair above the average trade guess at 47.498 million acres vs the 47.330 avg estimate. This is about 4% lower than last year's numbers. Spring wheat and Durum came in at more acres than estimated but winter wheat acres were low enough to offset most of that. All-in-all about what the trade was expecting. Corn acres came in at 90.036 million acres versus 91.776 avg estimate and down 5 percent from last year's 94.641 acres planted. Soybeans acres were right inline with estimates at 86.510 mill/acres vs 86.530 estimated and up 3% from last year's 83.600 mill/acres planted. Quarterly stocks report didn't hold any whammies with wheat coming in slightly above the avg estimate at 1.087 bill/bu vs 1.044 estimated (0.941 bbu last year at this time). Corn was slightly lower and soybeans were slightly higher. Wheat futures are trading stronger now that they know what the numbers are.

 

Remember, there are no markets and no wheat bids tomorrow in observeance of Good Friday. We will be here for seed and the office will be open but if you want to get any wheat sold it has to be today or wait for monday.

 

Cash Futures Prices: Chicago MAY is up 18 at 566. KC MAY is up 12 at 590 and MPLS MAY is up 1 at 653. US Dollar is trading 0.08 higher at 104.42.

 


2024 Spring Canola Program

WINFIELD CROPLAN

                  IN SEASON

CP9978TF   $ 789/50# BAG

CP9221TF   $ 799/50# BAG

CP930RR     $ 699/50# BAG

 

TREATED WITH HELIX VIBRANCE PLUS LUMIDERM

(VARIETIES ARE SUBJECT TO AVAILABILITY)

 

  TF* TRUE FLEX VARIETIES—44oz RATE OF GLYPHOSATE

  RR* ROUNDUP READY VARIETIES—22oz RATE OF GLYPHOSATE

 

MARKETING REBATE ON SEED—Growers who purchase their Canola seed from UCA and deliver any portion of their crop to UCA will receive a $ 0.25/cwt marketing premium when they sell their crop.

To place seed orders, please contact BEN ANDRUS 


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The CME Group Intercontinental Exchange