Grain Bids
CANOLA FOB UTOWN 02-20-23            
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 February 20, 2024, 06:53:51 PM CST 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
Triple Digit Drop in Cotton Futures
Cotton cooled off after the 3-day weekend with a triple digit pullback to start the week. March futures were 69 points off their lows for the close, but still down by 268 for the day. December cotton ended the session 110 points in the red and 821 points under the...
Soybean Futures Hold for Tuesday Gains
Beans start the week higher with 6 ¾ to 9 ¾ cent gains out of the 3-day weekend. March had been up by as much as 16 ¼ cents for the session high. Soymeal prices finished the first trade day of the week up by as much as $2.90/ton. Soy...
Wheat Rallies Out of President’s Day Weekend
Wheat futures began the week with 1.5% to 3.5% gains in the U.S. futures market. Chicago closed Tuesday up by as much as 22 cents, and tightened the Chi/KC spread to 3c for March. KC futures were 16 ¾ o 19 ½ cents higher at the closing bell on the...
Corn Futures End 3c Higher on First Day Back
The corn futures market faded from the session highs, but still closed 2 ¼ t 4 ¼ cents higher on out of the 3-day weekend. The March contract printed a 6 ¾ cent range on the day. Dalian Corn Prices were 14 to 17 yuan/MT (~6 cents/bu) weaker on Monday...
Feeders Rally as Live Cattle Closed Mixed
Front month feeder cattle futures ended the day near ~60 cents under the session highs with $0.35 to $2.60 gains. Fats were stronger in the deferred months with gains of as much as 57 cents, though were down by 22 to 37 cents in the front 2 contracts. Feb is...
Tuesday Gain for Lean Hogs
Hog futures ended the Tuesday session with 15 to 45 cent gains, though the April contract was $1.10 under the session high for the closing bell. USDA’s National Average Base Hog price increased another 82 cents on Tuesday afternoon to $70.25. The CME Lean Hog Index increased by 46 cents...

Futures Table
Quotes are delayed, as of February 20, 2024, 06:53:51 PM CST or prior.

2024 Spring Canola Early Buy Program

                        WINFIELD CROPLAN

                     PAY BY DEC 15         IN SEASON

CP9978TF   $ 710/50# BAG      $ 789/50# BAG

CP9221TF   $ 720/50# BAG      $ 799/50# BAG

CP930RR    $ 645/50# BAG       $ 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 at (509) 553-9258

 


Local Daily Commentary

02/20/2024

Daily Email: http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_02_20_24.pdf

 

Wheat futures are trading higher this morning, up 9 to 18 cents in the MARCH 2024 futures. Wheat futures seeing a small recovery overnight and this morning on some technical short covering, as some speculative traders may be cashing in on some of their short positions as evidenced by the latest committment of traders report. Wheat also may be following french wheat futures higher. Cheap Russian prices continue to weigh on the market along with a lack of any meaningful demand. Russian wheat export prices fell again last week as global wheat prices continued to fall. Latest Russian offerings got done at just $219.00/ton. The major wheat growing areas at this point are not being threatened by any weather issues. Brazil is about 1/3 the way through their soybean harvest. They have a good amount of rain in their forecast which is beneficial for planting but could impede harvest progress. They have been pretty good at working around the rain storms so far.

 

Cash Futures Prices: Chicago MARCH is up 18 at 578. KC MARCH is up 18 at 586 and MPLS MARCH is up 9 at 663. US Dollar is trading 0.26 lower at 104.03.

 

 

 


Local Weather
Forecast

The CME Group Intercontinental Exchange