| 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 11-18-24 | ||||||
|---|---|---|---|---|---|---|
| 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
- Cotton Rallying at Midday
- Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US dollar index is up 527 points, with crude oil futures back down 35 cents/barrel. The Seam reported 2,808 bales of online sales on November...
- Hogs Rallying on Wednesday
- Lean Hog futures are trading with $1 to $1.80 gains so far on Wednesday’s midday. The national average base hog negotiated price was up $3.16 in the Wednesday AM report at $85.16. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
- Corn Turning Higher at Midday
- The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.09 per bu. EIA data from this morning showed ethanol production backing off modestly...
- Soybeans Off the Lows, Still Showing Midday Weakness
- Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.43 3/4. The products were back to lower trade on the day to add pressure....
- Cattle Showing Mixed Wednesday Trade
- Live cattle futures are trading with contracts down 27 cents to 15 cents higher at midday. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks have started to come in around $187-188,...
- Wheat Showing Midday Strength
- The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to 6 cents across the nearbys, KC HRW contracts are posting gains of 6 to 7 cents on the session. MPLS spring wheat is...
November 20, 2024 Markets: https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_11_20_24.pdf
Wheat futures are trading higher this morning, up 4 to 6 cents in the DEC 2024 futures. Wheat is pulling back off its highs earlier this week that were reached as a result of increased tensions in the Ukraine - Russia conflict. The newly acquired ablility for Ukraine to launch missiles deep into Russia has stepped up the risk of the gloves truly coming off between the two nations. Whether this ramps up to the point that a grain export faclility gets truly destroyed or an attack on a population center with civilian casualties remains to be seen. For now, it feels like the grain complex has become more comfortable with the new status quo and it may take a real shocking development in order to move the needle further. From Russia's point of view, it would seem they are truly at war with the US and other Nato allies since without our support, Ukraine would not be able to continue this fight, and that is what is concerning to me.
There are no real weather concerns to push the markets right now. South America seems to be getting what it needs and Australia is finding good to better than expected harvest results so far. The US southern plains have been improving. There is some speculation that Russian and Ukrainian wheat farmers may be looking to shift production away from wheat and into more profitable crops such as peas, lentils, or sunflowers according to a Reuters article with winter wheat plantings declining by 10% to the lowest since 2019, according to Rusagrotrans, Russia's primary grain rail carrier. Some farmers say they have already decided to plant less spring wheat next year, while others are waiting to see how global wheat prices perform in the next few weeks before making a final decision.
Cash Futures Prices: Chicago DEC is up 4 at 554. KC DEC is up 6 at 565 and MPLS DEC is up 6 at 592. US Dollar is trading 0.51 higher at 106.71.
