** 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.
Oct1- Wheat support holding. Corn fell below 3.25/bu support and stabilizing. USDA Qtrly grain stox and grain production report out yesterday. Stox increased slightly all grains, SW production down, DNS up. Corn and soybeans are big crops coming. SW around 6.50 and 9.30 for Club Portland price. 4.70/bu is Cgo wheat support & test is also on. DNS all but harvested now. No other news worth mentioning. Wheat futures are down about 70-80c since Sep 11 crop report and corn futures down 35c same time frame. Glad I don't keep track of beans as they must be down $2-$3/bu past mo. US Export sales for week ending 9/18 Great for beans at 94 mil bu sold, less than ave for corn at 33 mil bu sold, and poor again for wheat exports at 14.6 mil bu sold with only 1 mil SW sales. DNS took big spike up on basis for a $1 gain but now futures grinding away on this increase. Sep 11 crop report projected 14.4 bil Corn crop and almost 4 bil bean crop. 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 limited to traditional buyers. 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. 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.