** 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.
Apr15- Wheat futures up 1c early. Maybe another freeze didn't materialize last night? Monday was a nice 20c climb though. Cold Blasts in US Plains may be doing some frost kill on wheat, no plains rains, & Ukrainian civil unrest has markets up sharply today. 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. Wheat futures were down 20c for last week and corn remained unchanged. US weekly export sales for wk ending 4/3 not stellar at 28 mil YC (OC), 10 mil beans, & 14 mil wheat (13 mil NC). SW up to 7.65 today Portland price. Volatility is high and wheat futures have stalled out & down over 50c from mid March highs and now it's time for corn to stall out short term. Plains needs rains keeping wheat market held in this range. Corn needs more acres keeping corn firm. 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 May1st. Mostly SW stuck above this dam & price will drop when dam opens in May. 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. Open this Sat 8am-5pm. Office Hours: 7am - 4:30pm Mon thru Fri.
Wednesday will feature snow and some rain from the Northern Plains across the Upper Midwest to the western Great Lakes. Mainly dry elsewhere in the U.S and Canada crop belts » More DTN Weather Commentary