Grain Bids
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 05-16-24            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price
Quotes are delayed, as of May 25, 2024, 05:51:05 PM CDT 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
Cotton Bulls Have Good Week, Up 6.1%
Cotton prices retreated ahead of the holiday weekend, down 9 to 120 points in the actively traded contract months. Nearby July was still up 463 points for the week, thanks to a limit up move at midweek. Cotton limits are back to 400 points, with the July contract back above...
Hogs Leak Lower into Weekend
Lean hogs were hanging around UNCH at midday, but tipped lower into the close. Changes for the day were 25 lower to 2 cents higher. USDA’s National Average Base Hog negotiated price was reported at $86.84 in the Friday PM report, a drop of $1.63 on the week. The CME...
Corn 1 to 2 Cents Higher on Friday, July Up 12 1/4 for Week
Corn futures closed mid-range on Friday, settling ¾ to 2 cents higher on the day. For the week, July was up 12 ¼ and new crop December was up 11 3/4. The markets are closed for Memorial Day on Monday. They will resume trading on Monday night as normal for...
Cattle Settled Mixed Ahead of the USDA CoF Release
Live cattle futures were cautiously 12 cents lower to 17 cents higher at the Friday settlement, awaiting the USDA Cattle on Feed report after the close. Cash trade was the week saw action at $187 in the south, with trade in the north mainly at $192, with some coming in...
Soybeans Pulled Higher by Meal, Nearby July up 20 Cents for the Week
Soybeans settled 2 to 8 ¾ higher on Friday, with some bull spreading getting nearby July briefly above $12.50. Soymeal was a main reason for the strength, as front month contracts were up $6.70 to $9.80/ton. Soy Oil was weaker gokng home for the 3 day holiday weekend, down 24...
Wheat Still Strong Heading Into Holiday Weekend
The wheat complex went home with mixed on Friday, as profit taking ahead of the Memorial Day weekend nudged the July and September CBT contracts into negative territory. Everything else was up. Chicago settled ¾ lower to 2 higher. Kansas City futures were up 8 ½ to 11 ¼ going...

Futures Table
Quotes are delayed, as of May 25, 2024, 05:51:05 PM CDT or prior.

Local Daily Commentary

05/24/24

Market Report Email: http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_05_24_24.pdf

 

We will be closed Monday for Memorial Day Weekend. We will be back Tuesday Morning.

 

Wheat futures are trading higher this morning, up 7 to 14 cents in the JULY 2024 futures. We may be running low on fresh news to keep the Bull Market fed. With a three-day weekend ahead of us the market is focused on weather patterns and the usual. Looks like there is a bit of buying in the futures market after a slow start this morning. French wheat condition ratings declined a bit during the week down 1% to 63% good/excellent which is the lowest it has been on this date since 2020. Overly wet weather has been an issue this spring. Australia is getting a shot of moisture in the western end of the continent that will help out their planting. ARgentina has been fighting too much moisture during their corn harvest which is at about 28% completion. Weather in the US is looking like more moisture for much of the corn belt that needs to get the rest of their crop planted. The driest parts of the HRW belt (Western Kansas / Eastern Colorado) are getting a little relief but may be too late for much improvement.

 

Cash Futures Prices: Chicago JULY is up 7 cents at 705. KC SEP is up 14 at 739 and MPLS JULY is up 10 at 754. US Dollar is trading 0.37 lower at 104.74.

 


2024 Spring Canola Program

WINFIELD CROPLAN

                  IN SEASON

CP9978TF   $ 789/50# BAG

CP9221TF   $ 799/50# BAG

CP930RR     $ 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 


Local Weather
Forecast

The CME Group Intercontinental Exchange