** Contact Mark if you want our bids by text or emailed to your phone daily? Elevator Phone# 509-545-5179. Grain futures now trading 17.5 hours a day.
Jly 26 - Wht futures held for the week, but not sure bottoms are in yet. Corn futures slid another dime this week with plenty of forecasts for record yields. Aug 12 next crop report which should increase size of DNS, Corn, & Soybean crops. SW hanging in 6.90-$7/bu Portland price range. Ukrainian airliner crash rallied grain markets 30c but then gave the rally away within a day. Shows the volatility of this managed money short position. Ukraine/Russian front could still light off fireworks. US xport biz off to a slower start this year with lots of other export competition. US export sales for week ending Jly10 were good though at 40 mil corn sold, 22 mil beans, and only 12 mil bu wheat sold was not good. Since Jun 30 crop report wheat futures were down 60-80c and corn down 65c. Crop conditions around the US and World look good. Another big corn crop forecast which could increase US carryout to 2 bil bu this next year has market bearish. 8 mil acre increase in Soybean planted acreage has beans down over $2/bu. White Club at $1 to $1.20/bu prem, Corn down near 4 year lows. In April and May, China quit buying US Corn and DDG's due to shipments of unapproved gmo variety MIR 162. US HRW seems to be the only crop disaster in the World with a 350 mil bu reduction in crop size. Hard to think prices can come down much more now, but wait....
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