** Contact Mark in our office 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.
12/6 - TGIF Cold tmeps and no snow will make it a long weekend in the PNW. corn futures down 3c and wheat down 1c early. Wheat didn't fare so well as down 15-25c this past week while corn gained 6c. Another USDA crop report Tuesday Dec10 will confirm plenty of grains in the World still. US export sales for week ending 11/28 good for corn and beans at 23 mb and 40 mb respectively. Wheat sales no good at only 8 mb with 4 mb being white wheat. Market has tamed down to 10c daily ranges, still not going anywhere in a hurry. On 12/4, Canada increased their wheat crop by 130 mil bu due to record Spring Wheat yields & tanked wheat futures this week. Wheat again hovering near contract lows. China this and China that, more rumors of non approved gmo corn cargos being rejected and soybean purchase cancellations has markets on the defensive. Grain prices should be a flat line into Spring. Corn near 3 year lows & $4/bu nearby futures should be the floor. Wheat feels like near the lows again and should hold here. SW 7.35 today vs past 60day $7.50 Portland high. Technical resistance for both wheat and corn 15-20c away and there's still enough volatility to test this. 14 bil bu corn crop is the biggest U.S. has ever raised. EPA talks ongoing about reducing ethanol mandates not helping the market. One bright spot is US grains are competitive in the World Market place again and we selling quite a bit. China also buying the brains out of World grains! We stuck in 30c/bu range all grains next couple months it looks like. 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 Sat. during corn harvest Closed Sun.
Office Hours: 7am - 4:30pm Mon thru Fri.