** 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.
Dec 18- Wheat futures still on fire as the spec crowd giving up on being short and trying to get long. Wheat futures up 8c at 7:30am after being up as much as 30c/bu overnight. Corn futs up 1c. Dec10 Crop report was a non event with still plenty of grain to feed the World. Must not be many sellers of wheat for this rally to continue. Must be truth on Russian rumors they will slow down exports to keep some stox in country as their new crop must not look very good and the ruble is in a freefall.. Other Northern Hemisphere countries experienced some winterkill but won't know the extent til Spring. Austrailia dry and reducing crop size 1-2 mil MT that should not be that big of a factor yet. US Plains not pretty, but are getting some moisture. Texas & Oklahoma the driest areas. Some wheat classes tighter than others. Lower protein SW garnering 70-80c premiums. Rail car values have dropped from $1.50/bu prem in September to no prem in December. This helps originate grain as Midwest farmers seeing bids $1 to $1.50/bu better now for their wheat, corn , & beans. This drop in freight has precipitated $1/bu drop in DNS and HRW basis past 3 weeks. Time to look at new crop sales as we are still in good selling opportunity ranges.
Futures markets open 5pm to 5:45am, 45 min break and start again 6:30am til 11:15am PST. TCG Pasco Elevator Hours normal again 8 am - 5 pm Mon thru Fri. TCG Burbank Elevator Hours: 8 am - 4 pm Mon thru Fri.