** 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.
Apr22- Rains forecast everywhere. Wheat up 1c and corn up 4c early after Mondays 24c wht crash, & corn approx 20c off last weeks highs. Russians have slowed their aspirations in Ukraine settling down markets some. US crop tour starts next week to tour the 800 mb HRW crop. Apr 9 crop report showed world wheat stox increased 3 mil MT, World corn production up 6 mil MT, & World bean prod & stox down 1 mil MT. US weekly export sales for wk ending 4/10 decent at 31 mil YC , 15 mil beans, & 29 mil wheat (13 mil NC). SW 7.50 Portland price. Volatility is high and wheat futures got back to within 20c of this Springs highs. Corn stalling out as well this week but should remain firm as more corn acres are needed. Plains rains are in the forecast this weekend. Russia/ Ukraine/ Crimea news will also keep the market at the edge of it seats. This + $200/ST new crop corn should be a sale. Charts look bearish going forward.
Upper Snake River is still closed to barge navigation. Little Goose Dam needs emergency repairs which delays opening to Apr 24-Apr28. Mostly SW stuck above this dam & price will drop when dam opens. Prices also propped up from US and Canadian Railways failing miserably on moving grains. For some reason they are moving the coal & oil first at $3500-$5000/car higher! Fear is these higher prices will slow US exports again. df
Futures markets open 5pm to 5:45am, 45 min break and start again 6:30am til 11:15am PST.
Elevator Hours 8 am - 5 pm Mon thru Fri. Both closed Apr18-20 Happy Easter. Office Hours: 7am - 4:30pm Mon thru Fri.