** 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.
Jan 26, 2015- Wheat futures starting the week down 4-7c & will see if 1st support holds this week. Corn down 3c early. Wheat futures stuck near the bottom of the 60 day range. Expect more of the same. Corn 30c off of the recent highs and acts like it wants to go down another 20c. Headlines are Oklahoma crops are better than LY, Russians and Ukraines still fighting, & overall grains stox are plentiful in the World. Russia going to implement $1/bu increase on export tarriffs Feb 1 to slow down their exports to keep their domestic market in check. Oil barrels under $50/barrel seems like a good deal, but unfortunately this means lay-offs in the oil fields. Wheat futures dropped $1 to $1.30/bu from Dec18 highs. DNS & HRW basis crashed, and now they climbing again as the selling shut off. Canadian Northern Spring wheat trading in the low $7 range. Corn basis is down 50c/bu from October as Rail equipment premiums crashed back from $1.50/bu premium in September to 0 today. Austrailia, Argentina and Brazil are dry and reducing crop size but not much. US Plains not pretty, but are getting some moisture and avoiding super cold weather. PNW getting moisture. Some wheat classes tighter than others. Lower protein SW garnering 70-80c premiums. Time to sell new crop wheat when DNS reaches $8 deld Pasco, HRW reaches $7.50, and SW reaches $7/bu. 2015 YC stuck in $170 to $180 range til weather hurts crops somewhere. $50 oil going to slow down the Dakotas again.
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