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Wheat Harvest HoursPasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 9:00 PM Monday-Saturday Burbank Elevators Hours: 8:00 AM to 6:00 PM Monday-SaturdayNOTE: ALL PRICES ARE NOW DELIVERED PASCO, NOT PORTLAND Contact us if you want our bids sent by text or email daily
Office #509-545-0900 & Elevator #509-545-5179.
Call Tri-State Seed for all of your seed needs.
Contact Mason or John at 509-234-2500
Commentary
8/12: Crop report out today only changed production numbers slightly from the July report. The corn yield was lowered from 177 bpa to 175.4 bpa, lowering the production estimate from 14.5 billion bu to 14.36 billion bu. Soybean yield was raised from 51.5 bpa to 51.9, raising production from 4.5 billion bu to 4.53 billion bu. DNS production estimate also higher from .503 billion bu to .512 billion bu. Wheat futures have traded in a 30 cent lower range all morning pre and post report. Corn in a 15-cent range but settling in still around unchanged from the close yesterday. Domestic corn and wheat ending stocks were both lowered, wheat mostly led lower by a loss of HRW production. Soybean ending stocks raised slightly with the moderate change in yield. World ending stocks followed the same pattern from the previous report. Wheat and corn stocks lowered; beans raised. All in all, a quiet/neutral report in our opinion. Market will get back to trading weather by the end of the day.
Cash Bids Delivered TCG
CALL FOR NEW CROP 2022 CORN BIDS. Futures Quotes
Quotes are delayed, as of August 14, 2022, 01:35:59 AM CDT or prior.
Commentary
Wheat Mostly Lower on Friday -
Wheat was weaker on Friday. CBT led the way for the winter wheat, down 3 to 6 ¼ cents per bushel in the active contracts. KC HRW contracts were Cotton Closes Up the Limit -Cotton futures posted limit gains out through July ’23 on Friday. A dramatic cut to the US production number by NASS helped to push things higher. Hogs Mostly Lower on Friday -Lean hog futures closed the Friday session with front months mostly 5 cents to $1.05 lower. The USDA’s National Average Base Hog price was $123.69 Cattle Weaker on Friday -Live cattle futures ended the Friday session with front months 12 to 60 cents lower. Deferred contracts were steady to a nickel higher. So far this Corn Settles With Double Digit Gains -Corn futures were skeptical coming out of the USDA reports but rallied into the close to post 10 ½ to 14 ½ cent gains in the front months on Soybeans Close Higher Following Brief Midday Push Lower -Soybean futures had a bit of a fake out post USDA report, with contracts plunging 40+ cents intraday but closing 2 to 5 ¾ cents higher. The nearby Full commentary... |
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