** 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.
Friday May 22- After mixed overnight trading, wheat futures down 7c and corn futures down 4c. Buy the rumor yesterday, sell the fact today. Market giving some of the recent gains back going into the 3 day weekend and the potential for a shifting weather forecast. Firm dollar and falling oil. US wheat exports slow. Have to believe the lows are behind us on this coming years crops. Volatility still high and can see 30c move either way. Arrow pointing sideways now. US Fed reserve stimulus package over, Europe just starting theirs at 60 bil Euros/mo. This will help US dollar drop again. Will take major weather crop catastrophies to pull prices out of the doldrums and spook the herd. PNW did get 1 of their much needed rains. Max 10.5% pro SW garnering 20-25c premium vs high pro SW. White Club wheat premiums about done OC and 50-75c newcrop. Sell new crop wheat on any 30-40c rallies. 2015 YC crop probably a sale in $175 to $180 range.
TCG Pasco Elevator Hours normal 8 am - 4 pm Mon thru Fri. TCG Burbank Elevator Hours: 8 am - 4 pm Mon thru Fri.
During Saturday, light to moderate rain will cover all but the Northern Plains, with showers also noted in the Great Basin. This rain area will continue Saturday night, with heavy rain forming in the already-wet areas of southern Kansas, Oklahoma and northern through central Texas. » More DTN Weather Commentary