** 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.
Aug 21- Wheat futures are up 2-6c early after yest 6-10c drop. Corn up 4c erasing yest drop of the same. US export sales for week ending Aug 14 Horrible for wheat at 7.7 mil bu sold, 32 mil YC, and 50 mil soybeans sold. Still lots volatility & 10-20c trading ranges daily. PNW SW yields are down at least 25%. South Eastern Idaho has some real sprout & quality issues from big harvest rains, and North Dakota harvest delays due to rain causing quality concerns on Spring Wheat. USDA crop report projected 14 bil corn crop at 167 bpa and think it could get bigger. US & world wheat production climbed as expected. Still feels we are near the bottom. Ideal US growing weather has had all commodity prices on the defense. SW $6.90-7.00/ bu Portland price range past 3 weeks. White club bid + $2.00 prem. US xport biz off to a slower start this year with lots of other export competition. US export sales for week ending Aug7 were slow again at 26 mil corn sold, 41 mil beans, and only 12 mil bu wheat. China is notably absent and not buying US Corn, DDG's, or wheat. World Grain stox are increasing by 5-10%. Corn prices are at 4 year lows. Hard to think prices can come down much more now, but wait....
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Heavy rain and thunderstorms are expected this weekend in the northwest Midwest, Northern Plains and into the Canadian Prairies. Central areas of the Midwest and Plains may get some light rains, while other crop areas are expected dry. » More DTN Weather Commentary