| 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 |
| CANOLA FOB UTOWN 11-06-24 | ||||||
|---|---|---|---|---|---|---|
| Delivery Start | Notes | Basis | Cash Price | Delivery End | Basis Month | Futures Price |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
HRW: + 10 cents each 1/2% above 11.5% to 13.0%; - 15 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
- Wheat Rounds out Wednesday Mostly Weaker
- Wheat closed out the Wednesday session with most contracts lower, as the CBT market was firmer. The rallying US dollar index put some pressure on the market. Chicago SRW futures were within a ¾ cent of unchanged on the day. KC HRW contracts were down 2 1/2 to 3 3/4...
- Cotton Fades Lower on Wednesday
- Cottonfutures faced outside pressure on Wednesday, as contracts were down 5 to 26 points. The outside markets were pressure factors, with crude oil steady down 9 cents/barrel and the US dollar index rallying 1,731 points to 105.055. The Seam reported 1,661 bales of online sales on November 5 at an...
- Soybeans Rally From Post-Election Lows to Close Slightly Mixed
- Soybeans faded off the overnight double digit losses to close Wednesday with contracts down 4 cents to up 2 cents. Futures were ignoring potential Trade War fears from a Trump presidency to close out the day. CmdtyView’s national front month Cash Bean price was up 2 ¾ cents at $9.47...
- Cattle Rally to Close Out Wednesday
- Live cattle futures ended the Wednesday session with contracts up 62 cents to $1.35. Cash trade has yet to get kicked off this week. This morning’s Central Stockyards Fed Cattle Exchange showed no sales on the 3,044 head offered and bids ranging from $185-187. Feeder cattle futures were $1.15 to...
- Corn Rallies to Close Wednesday, with Robust Ethanol Output
- Despite the early session losses in the corn market, futures ended the day with contracts up 2 to 7 ¾ cents. The US dollar index was up 1.731 to 105.055 following the outcome of the Presidential election that saw President Trump elected again to the White House. The national average...
- Hogs Get a Bounce on Wednesday
- The hog market posted steady action to gains of $1 to close out Wednesday. The national average base hog price was reported at $82.72 on Wednesday afternoon, a drop of 65 cents from the previous day. The CME Lean Hog Index was reported at $89.79 on November 4, up 41...
11/06/24
Daily Market Email https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_11_06_24.pdf
Wheat futures are mixed this morning, down 3 to up 2 cents in the DEC 2024 futures. A higher U.S. dollar, soft energy prices, and election results are putting some pressure on commodity values this morning. Improving weather patterns in South America and the major winter wheat areas in the U.S. continue to weigh on prices. The U.S. stock market is sharply higher following Donald Trump's presidential win. Initial reactions in commodities were more pronounced but they seem to have softened as the morning markets started. Higher US Dollar: The most immediate factor right now is probably the increase in the US dollar which makes our export bids less competitive. Tariffs: Another fear is that we are headed towards another run of tariffs that could, in the short term, increase consumer prices and impact trade relations. Cooler heads are realizing that none of this will take effect until January at the earliest and that there is always room to negotiate a scenario where both parties get what they want. Drill, baby, Drill: The expectation is for increased domestic production of energy and a move back towards energy independence. Cheaper gas prices, etc, means the energy markets are reacting. Corn for Ethanol and soyoil production is an important part of the commodities pricing. "No more wars" Hopefully, Trump can make good on his promise to help end the conflict in the Ukraine and will again keep us from starting fights with other countries. Purging the Federal Bureaucracy: Both in combating "the Deep State" and federal inefficiencies should make for a more friendly environment for busnesses in terms of removing road blocks to getting things done both from bureaucratic restrictions and environmental restrictions.
Cash Futures Prices: Chicago DEC is up 2 at 574. KC DEC is down 2 at 574 and MPLS DEC is down 3 at 607. US Dollar is trading 1.58 higher at 105.00.
