| 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 09-17-24 | ||||||
|---|---|---|---|---|---|---|
| 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
- Cattle Reverting Lower on Wednesday
- Live cattle futures are trading with slight nickel to 45 cent lower action. Cash trade has yet to kick off this week. This morning’s Central Stockyards online Fed Cattle Exchange auction showed no sales on the 1,354 head listed, with bids of $178 to $179 and asks of $183-184. Feeder...
- Corn Slipping Lower at Midday
- Corn futures are fading off the early Wednesday session strength at midday, with contracts down fractionally to a penny. The front month national Cash Corn price from cmdtyView us down a penny at $3.76 ¼ per bu. Weekly EIA data showed 1.049 million barrels per day of ethanol production during...
- Hogs Mixed at Midday
- Lean hog futures are showing mixed action at midday, with nearby contracts down a tick to 15 cents higher. The national average base hog price was not reported on Wednesday morning due to light volume, with the 5-day rolling average at $76.55. The CME Lean Hog Index was $84.22 on...
- Cotton Falling Back on Wednesday
- Cotton futures are showing 118 to 140 point lower trade on Wednesday, as futures continue to fade off the Monday limit gains. The dollar index is back down 22 points so far, with crude oil futures 77 cents/barrel lower. The Seam reported 1,096 online cash cotton bale sales on September...
- Wheat Creeping Lower on Wednesday
- The wheat complex is showing lower trade as we head through the midday session, backing off from the early morning strength. Chicago SRW futures are down 1 to 2 cents at midday. KC HRW is showing 2 to 3 cent lower trade. MPLS spring wheat is 2 to 4 cents...
- Soybeans Falling Off Early Session Highs
- Soybeans were posting double digit gains to start the day session, but are fading back to just 1 to 2 cent higher trade at midday. CmdtyView’s national front month Cash Bean price is up 1 ¾ cents at $9.46 ¾. Front month Soymeal futures are down $2.10/ton. Soy Oil futures...
Market Email Report
9/18/2024 https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_09_18_24.pdf
Wheat futures are trading lower this morning, down 0 to 3 cents in the DEC 2024 futures. Soybeans got a bit of a boost this morning on South American weather concerns and technical buying and the wheat markets were borrowing some of that strength earlier on but have fallen off a bit as the morning progressed.
The Fed is holding its two-day policy meeting this afternoon, pivoting to easing monetary policy. The main question is whether the Fed starts with a 25-basis-point cut or opts for a bigger reduction and the path it intends to take from there. Markets will pay close attention to the so-called "dot-plot" economic projections and Chair Jerome Powell's post-meeting press conference. A significant reduction in interest rates could pull investor money out of commodities and into equity markets which we have seen a little bit of already.
Sov-Econ cut their Russian grain crop forecast for 2024 by 4 MMT to 124.4 MMT. SovEcon raised its Russian wheat crop forecast by 400,000 MT to 82.9 MMT. SovEcon expects Russia to export 48.1 MMT of wheat in 2024-25, down from its estimate of 52.4 MMT last year. The firm expects Moscow to impose wheat export quotas for the second half of the year, though it doesn't know how restrictive it will be. Weather watchers are keeping an eye on dryness in France, Russia, Brazil, and potentially in Australia.
Cash Futures Prices: Chicago DEC is unchanged at 5.75 KC DEC is down 1 at 578 and MPLS DEC is down 3 at 617. US Dollar is trading 0.03 lower at 100.86.
