Contact Randy or Mark if you want our bids by text or emailed to your phone daily? Office #509-545-0900 &Elevator #509-545-5179. All prices quoted are deld Portland prices. We hired a new merchandiser Nels Solberg. He has 5 years experience working for CGI in Montana trading Redwheats and rail freight.
Government avoided another shutdown this AM after latest spending bill was passed and signed by Trump. Immediately following Trump declared a national emergency for the border wall. So still to be determined how all that plays out.
2/15/19- Snow storms in the Northern States from Sea to Shining Sea wreaking havoc. Bears continue to push the wheat market lower on no China buying, Russian new crop prices getting cheaper and headwinds from a strong US dollar. KC and Chicago getting hit the hardest again while Minneapolis holds steady. On the week SWW and HRW futures are down 13-20 cents while spring wheat reamined essentially unchanged. Moderately postivie news this morning out of the china talks, reports that we are inching closer to a deal. Trade reps will meet in DC next week to continue, Ag markets do not seem to care and won't until a deal is actually published. Friday's Feb8 Crop report re-confimred plenty of Grain in the World this year and prospects for this coming year are the same. US export sales for week ending Jan 3rd no good at 18 mb yc sold, 5 mb wht, & -22.5 mb soybeans sold. By Feb 21, USDA will get us updated thru the week of Feb 14 (7 weeks of export info in the next 2 weeks.) YC futures target to sell 3.85/bu is 10c away... YC stuck in 3.75-3.85/bu range and has not reached 3.90/bu in 6 mos. YC futures on the week are off a nickel. US needs export demand for prices to climb. Russia, Ukraine, & Canada getting tighter on export supplies but won't run out. This may allow US to reach our USDA projections as we 10% behind LY pace.
TPP- Jpn is our 2nd largest wheat export market. We now at $6/MT disadvantage vs Canada & Aussie, this disadvantage increases to $14/MT (40c/bu) on April 1 due to US non-participation in TPP. Hopefully US Trade Reps correct this problem before we lose Jpn as a customer.. I think selling 2019 YC over $160/ST is a good opportunity.
TCG Pasco Elevator Hours 8 am -5pm Monday-Fri.
TCG Burbank Elevator Hours: 8 am - 4pm Monday-Friday
Office Hours: 7am - 4:30 pm Mon thru Fri.
Contact Info: Office Phone: 509-545-0900 Elevator Phone: 509-545-5179 Address: 600 Tank Farm Road, Pasco, WA 99301
Central Plains and into the Midwest will see snow in northern areas. Mixed precip near East Coast. The southeast will see rain. Rain and snow in the far west will diminish over the weekend. » More DTN Weather Commentary