| 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 11-18-24 | ||||||
|---|---|---|---|---|---|---|
| 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: + 10 cents each 1/2% above 11.5% to 13.0%; - 15 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
- Corn Posts Wednesday Strength as Robust Ethanol Production Continues
- The corn market rallied off early session lows on Wednesday, with contracts closing the day up 1 1/4 to 3 cents. Near record ethanol output and continued spillover strength in wheat helped. The national average Cash Corn price from cmdtyView was up 3 cents at $4.07 3/4 per bu. EIA...
- Soybeans Fall to Weakness on Wednesday as Bean Oil Adds Pressure
- Soybeans continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean price was down 7 1/12 cents at $9.39. Soymeal futures were up 70 cents to $1.30/ton, but Soy Oil futures brought the pressure, down another 95...
- Cotton Rally on Wednesday
- Cotton futures ended the midweek Wednesday session with contracts rallying 65 to 157 points. The outside markets were pressure factors but were shrugged off. The US dollar index is up 457 points, with crude oil futures back down 23 cents/barrel. The Seam reported 2,808 bales of online sales on November...
- Hogs Rally Resumes on Wednesday as Negotiated Cash Firms
- Lean Hog futures closed out the Wednesday session with contracts up 57 cents to $1.52. The national average base hog negotiated price was up $2.55 in the Wednesday PM report at $85.04. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
- Wheat Strength Pushes ton Wednesday’s Close as Black Sea Tensions Remain High
- The wheat complex continues to extend higher as the Black Sea tensions heighten, with all three markets closing higher. Chicago SRW futures were up 2 3/4 to 5 cents across the board at the close. KC HRW contracts saw gains of 2 to 3 1/2 cents to close out the...
- Cattle Post Mixed Trade on Wednesday
- Live cattle futures rounded out Wednesday trade with contracts within 27 cents on either side of unchanged. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks so far this week have started...
November 20, 2024 Markets: https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_11_20_24.pdf
Wheat futures are trading higher this morning, up 4 to 6 cents in the DEC 2024 futures. Wheat is pulling back off its highs earlier this week that were reached as a result of increased tensions in the Ukraine - Russia conflict. The newly acquired ablility for Ukraine to launch missiles deep into Russia has stepped up the risk of the gloves truly coming off between the two nations. Whether this ramps up to the point that a grain export faclility gets truly destroyed or an attack on a population center with civilian casualties remains to be seen. For now, it feels like the grain complex has become more comfortable with the new status quo and it may take a real shocking development in order to move the needle further. From Russia's point of view, it would seem they are truly at war with the US and other Nato allies since without our support, Ukraine would not be able to continue this fight, and that is what is concerning to me.
There are no real weather concerns to push the markets right now. South America seems to be getting what it needs and Australia is finding good to better than expected harvest results so far. The US southern plains have been improving. There is some speculation that Russian and Ukrainian wheat farmers may be looking to shift production away from wheat and into more profitable crops such as peas, lentils, or sunflowers according to a Reuters article with winter wheat plantings declining by 10% to the lowest since 2019, according to Rusagrotrans, Russia's primary grain rail carrier. Some farmers say they have already decided to plant less spring wheat next year, while others are waiting to see how global wheat prices perform in the next few weeks before making a final decision.
Cash Futures Prices: Chicago DEC is up 4 at 554. KC DEC is up 6 at 565 and MPLS DEC is up 6 at 592. US Dollar is trading 0.51 higher at 106.71.
