** 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.
July 3 - No Cash Markets. Have a happy and safe 4th of July weekend!
The June 30 crop report for US stox and production estimates mostly neutral but market had huge feeding frenzy and rallied to close up 20-30c after the report. Wheat gave most of it back yest, but holding ok today and up 80c to $1/bu since June 22. Not sure why corn is still climbing, but it is up 35c/bu since report came out and up 70c since June 22. Now $180/ST for new crop vs under $160 on June 22. The herd spooked and now the spec group is long wheat, bean and corn futures. Adverse weather past couple weeks getting attention. Volatility still ridiculously high keeping prices unpredictable. Seems like a good selling opportunity to sell another 25% of your crop?
US Export sales have been slow with the high US $ and lots of foreign competition to blame. For the week ending June 26, sales were 32 mil bu corn, 5 mil soybeans, & 13 mil bu wheat sold. US wheat export pace already 70+ mil bu behind LY pace. New crop club over $1/bu and SW higher protein again a concern this year with big premiums for max 10.5% pro SW.
TCG Pasco Elevator Hours 7 am - 7 pm Mon thru Sat. this week & open Jly4. TCG Burbank Elevator Hours: 8 am - 4 pm Mon thru Fri.