| CANOLA FOB UTOWN 12-08-23 | ||||||
|---|---|---|---|---|---|---|
| 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 | ||||||
|---|---|---|---|---|---|---|
| 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 |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
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
- Cotton Sells Off After Yield Cut
- Cotton futures closed Friday ~20 points off their lows, but still 58 to 115 points in the red. The March contract printed a 200 point range from -147 to +54 points. The March contract completed the week with a net 2 cent gain. Daily futures trading limits will expand to...
- Strong Friday Rally for Cattle Futures
- Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle deliveries issued yet, the Friday board rally now...
- Corn Fades to Red after USDA Data
- Corn finished the last trade day of the week with fractional to 2 ½ cent losses across the front months. That left the March contract at just a ¾ cent gain for the week’s trade. USDA did not adjust the cash average price, still at $4.85. USDA’s weekly Ethanol report...
- Hogs Rally Into Weekend
- Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17 cents higher at $51.88. The price in the ECB was shown at $52.51,...
- Wheats Faded into the Weekend
- After a week of buying into the data release and seeing a mostly bull-friendly update, wheat futures pulled back into the weekend. Chicago futures went home 9 to 11 cents in the red, but still 29 cents above last Friday’s close. KC HRW futures settled with 3 to 6 ½...
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
12/08/2023 Market email
http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_12_08_23.pdf
Wheat futures are trading lower this morning, down 6 to 11 cents in the MARCH 2024 futures. Traders had to wait for the USDA report to come out at 9:00 am our time. The ending stock numbers look to be supportive but the futures are trading lower following the report. There is an updated 11-15 day forecast that shows wetter weather in the Northern parts of Brazil which would be bearish news. We did have a good 8-day run of positive closes but yesterday's CHI futures looked weaker as it didn't trade as high as the previous day's trading range even though it managed to close in the green. Could be we are anticipating sales to slow down with the higher prices and this could be reacting to that with the lower numbers today. We could also be looking at some technical trading activity pulling the futures down when the USDA report says we should be going up.
WASDE Report: Wheat: The outlook for 2023/24 US wheat this month is for unchanged supplies and domestic use, higher exports, and reduced ending stocks. Exports are raised 25 million bushels to 725 million on several large recent export sales of Soft Red Winter wheat to China. SRW exports are raised 30 million bu to 175 million, the largest SRW exports since 2013/14. White wheat exports are lowered 5 million bushels to 155 million on a slow pace of sales and shipments. Projected all wheat ending stocks are reduced by 25 million bushels to 659 million, still up 13% from last year but a good bit below the average trade estimate of 684 million. Global wheat ending stocks were also lowered a bit with higher supplies being offest by increased consumption and trade, down 0.5 million tons to 258.2 million, the lowest sonce 2015/16 and slightly lower than the average trade estimate of 258.86. Corn US ending stocks came in at 2.131 billion bu compared to avg trade estimate of 2.152 bbu and Soybeans US ending stocks were slightly higher than anticipated at 245 million bu vs estimates at 243 mbu.
Cash Futures Prices: Chicago MARCH is down 11 at 631. KC MARCH is doiwn 7 at 659 and MPLS MARCH is down 6 at 731. US Dollar is trading 0.65 lower at 104.11.
