| 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 04-23-24 | ||||||
|---|---|---|---|---|---|---|
| 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: + 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
- Hogs Bulls Push Higher on Tuesday
- Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
- Wheat Leads Bull Charge For Second Day In a Row
- The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents higher across most contracts. NASS reported condition...
- Soybeans Post Gains with Planting Delays Expected Later This Week
- Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying 15 to 24 points. Soybean planting is off to a decent start, with...
- Cotton Closes Mixed Ahead of First Notice Day
- The cotton market reversed some of Tuesday’s intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was up 18 points ahead of first notice day on Wednesday. They shrugged off outside market strength, with crude oil up $1.54 and the US dollar...
- Cattle Reverse Action to Close Mixed on Tuesday
- Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was...
- Corn Futures Fight for Gains on Tuesday
- The Tuesday action in the corn market saw futures close mixed with 24/25 strength, up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday afternoon’s Crop Progress report showed many of the notable states were above normal planting...
04/23/24
Morning Market email: http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_04_23_24.pdf
Wheat futures are trading higher this morning, up 7 to 10 cents in the JULY 2024 futures. Seeing some follow-through buying from yesterday's rally into this morning in the wheat futures as speculators try to even up some of their short positions in response to the dryness in the Russian wheat and a reduction in US wheat conditions. In a nutshell, the Russian wheat crop had seen a good start with plenty of moisture over the winter months but the moisture has been lacking for quite some time. Still early enough that a good stretch of rain will get everything back on track for a whopper of a crop, but there isn't much in the forecast for rain and the traders are starting to get itchy. If you're currently real short in your wheat position (sell high - buy back low = profits) you don't want to be caught on the wrong side of a major weather rally.
With the latest US weekly crop condition report showing an overall decrease down to 50% good/excellent (from 55% good/excellent last week) it just adds a little more fuel to the fire. In the US, the Soft Red Winter crop is improved but continued dryness in Colorado, Kansas, and Oklahoma is causing concern for the Hard Red Winter crop which brings the overall US wheat condition down 5% from last week.
There are also reports of the corn leafhopper attacking the corn crop in Argentina. This insect spreads a disease called spiroplasma that can cause yield losses of 5 to 100%, depending on how early the plant is infected. It is early to know the full impact this will have on the total production in Argentina. The US Dollar has also been trading lower over the last week which is helpfut for US exports.
Cash Futures Prices: Chicago JULY is up 10 cents at 598. KC JULY is up 9 at 612 and MPLS JULY is up 7 at 670. US Dollar is trading 0.36 lower at 105.72.
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
