** 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.
Sep 18- Still full court press downward on Grains. Wheat futures are down 8c early and corn down 2c. US Export sales for week ending 9/11 were crappy for wheat at 11 mil bu, 26 mil corn, and good with 54 mil bu beans. DNS took big spike up on basis for a $1 gain but now futures grinding away on this increase. SW 6.70 range Portland. Wheat futures down 60-70c in 10 trading days. Corn futures down 20c same time frame. Sep 11 crop report projects 14.4 bil Corn crop and almost 4 bil bean crop. World supplies increased again for the big 3: wheat, corn, & beans. We at support levels on wheat now. Too much rain in parts of Canada, E.Mont, N.Dak, Minn, & SE Id have raised havoc with the quality of DNS. Looks to be less milling quality wheat in the US even with the big crop. US export sales have lots of foreign competition and have been slow for the season. PNW SW yields seem down at least 20% this year. Ideal US growing weather for corn & beans has had all commodity prices on the defense. White club bid + $2.50/bu premium over SW. China is notably absent and not buying US Corn, DDG's, or wheat. World Grain stox are increasing by 5-10%. All commodity prices are at 4 year lows. Hard to think prices can come down much more now, but wait....
Futures markets open 5pm to 5:45am, 45 min break and start again 6:30am til 11:15am PST.
Elevator Hours normal again 8 am - 5 pm Mon thru Fri. closed Sat & Sun Office Hours: 7am - 4:30pm Mon thru Fri.