| 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: + 2 cents each 1/4% above 14.0% to 15.5%; - 4 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 Closes Lower for Weekend
- The cotton market settled Friday’s session down by 59 to 104 points. The May contract ended the week a net 129 points below last Friday. Weekly CFTC data showed the funds were adding new shorts in cotton through the week of 3/21. That extended the group’s net short by 10,602...
- Hogs Close Friday Up by Triple Digits
- The hog market bounced into the weekend with gains of 1.8% to 2.8%. For the week, April was still at a $2.70 loss. The National Average Base Hog price was 13 cents lower on Friday afternoon to $76.58. The 8/22 Lean Hog Index from CME was 44 cents lower to...
- Cattle Settle Mixed on Friday
- Live cattle futures bounced into the weekend, though feeder futures stayed under pressure from the grain rally. At the bell the front month fats were 40 to 85 cents higher, with left April at a 67 cent gain for the week. April feeders stayed 15 cents higher for the week,...
- Wheat Futures Bounce into the Weekend
- The wheat futures rallied back on Friday with 2% to 4% gains. Chicago futures ended 24 3/4 to 26 3/4 cents higher on Friday, though May stayed 22 cents in the red. KC wheat prices closed 24 1/2 to 28 1/4 cents higher, and the July contract flipped to a...
- Soy Futures Higher on Friday
- Soybean futures closed Friday with 7 1/2 to 15 1/4 cent gains. That reduced November futures’ loss for the week to 40 cents after bouncing off their 100-week average. The meal market closed with $6.80 to $7.20 gains for Friday. That left the May contract at a $20.90/ton loss for...
- Corn Closes Higher on Friday
- The Friday rally put corn back into the black for the week. The front months were 1.3% to 2% higher on the day, with May’s 11 1/4 cent gain leaving the contract 8 3/4 cents above last week’s close. December futures stayed a penny below last Friday’s settle and remain...
March 24, 2023 Market Email:
https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_3_24_23.pdf
Wheat futures are trading higher this morning, up 18 to 27 cents in the MAY futures. Markets seem to be reacting to a Russian newspaper article stating they will temporarily curb wheat and sunflower exports in order to build up their domestic supplies. Kind of a rumor at this point and even official releases from Russian officials are generally considered untrustworthy but irregardless the markets are reacting to it. Would potentially create some room for export prices to climb higher if true. Yesterday's CHI SRW futures managed to close at $6.62, just above the support level of $6.61 on the chart. Today's double digit move higher is obviously a positive but the overall tone still seems to be bearish. Another corn sale to China was announced to the tune of 204,000 MT. China has purchased US corn in seven of the past 10 days for a total of 120 million bushels for the last two weeks of buying. Should be a big help for corn to catch up with the projected exports for the year. There is a big USDA report on Prospective Plantings and Grain Stocks that will come out on March 31. This report can often hold some surprises so it will definitely be one to watch. The Federal Reserve raised interest rates 1/4 of a percent, as expected.
Yesterday's export sales report was the best all year for corn sales, bad for soybean sales, and pretty dismal for wheat sales.
The latest 6-10 day Euro model is wetter in Argentina. Central Brazil crop areas should dry out over the next 10 days, giving them favorable condition for late-season soybean harvesting. The northern Delta and southern Midwest are expected to see moisture into early April slowing fieldwork. Nearly 50% of the southwestern Plains is expected to be dry. Crop conditions look generally favorable in Europe and around the Black Sea region, Spain and Italy are drier.
Cash Futures Prices: Chicago MAY is up 24 at 686, KC MAY is up 27 at 847 and MPLS MAY is up 18 at 859. US Dollar is trading 0.61 higher at 103.14.
