Hours: 

Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday 

Pasco Elevator Hours:  7:00 AM to 5:00 PM Monday-Friday; Closed Saturday and Sunday  

Burbank Elevators Hours: 8:00 AM to 4:00 PM Monday-Friday; Closed Saturday and Sunday 

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

12/12/24:  Corn got within a penny of the 6-month high yesterday after the reduction in ending stocks by the USDA on yesterday’s report.  Market anticipated the cut, but it was a bit bigger than they thought it would be this early into the crop year.  Regardless though, corn at the 6 month high had a cut like that priced in and today does not feel like a reason to break us above it.  Corn and wheat futures this morning are all off 5-6 cents per bu, corn is now 9 cents away from the high.  Weekly corn exports were below expectations for the first time in what feels like months.  946K MT with expectations at 1,100K-1,900K MT.  Colombia, Mexico, and Japan were the main buyers.  Even with missing expectations this week, sales pace is 8% ahead of pace vs what the USDA is predicting, an encouraging sign for Q1 of the crop year.  Soybeans were also below expectations at 1,173K MT, with China, Spain, and Mexico the main buyers.  Wheat just scratched over the lowest expectations at 290K MT, led by Spring wheat at 180K MT.  HRW sales were 44K MT and SWW were 35K MT.

USDA report 12/10/24:  Both wheat and corn ending stocks in the US lower than the market anticipated on this morning’s USDA report.  Corn ending stocks projected at 1.74 billion bu down from 1.94 billion bu on the November report.  Trade expected it to be around 1.91 billion bu, and the market is reacting favorably to the miss with futures now 6 cents off the 6-month highs.  Wheat ending stocks came in at .795 billion bu down from .815 billion bu in November.  This is below the average guess of the market of .814 billion bu but still in the range of expectations.  Soybeans were as expected with no change from the November number of .47 billion bu.  World carryout numbers followed suit with corn carryout down 8 million metric tons to 296.44 MMT.  Well below the markets expected number of 303.57 mmt.  World Wheat and Soybeans essentially unchanged from the November numbers.  Only note on the wheat by class is SWW stocks dropped from 95 to 80, USDA never seems to have the best handle on SWW compared to the other wheats, but that’s a significant drop and should help keep SWW bids from breaking in the near term.


 

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Quotes are on 15 min delay with futures markets.  Please call to confirm pricing 

Futures Quotes
Quotes are delayed, as of December 14, 2024, 04:09:20 AM CST or prior.
Commentary
Wheat Bulls Head South on Friday -

Wheat futures closed out the Friday session with contracts down across the three exchanges. Chicago SRW futures were 6 to 6 3/4 cents lower across

Cotton Falls on Friday to Close the Week with Losses -

Cotton futures ended the Friday session with loses of 71 to 86 points, as March slipped 84 points this week. The outside markets were mixed factors,

Cattle Head into the Weekend Mixed -

Live cattle futures held gains of 22 cents to $1.52 in the front months on Friday, with deferreds 17 to 25 cents lower. February was up $5.85 on the

Hog Bulls Gain Back Ground on Friday -

Lean hog futures rallied to close out the week, with contracts up 97 cents to $1.35 and Dec rolling off the board up 17 cents. February was up just

Corn Pressured on Friday, Hold Weekly Gains -

Corn futures ended the week on a lower note, as contracts were down 1 ¾ to 2 ¾ cents at the close with Dec rolling off the board. Despite the late

Soybeans Fall on Friday -

Soybeans ignored the export business reported this morning, as contracts were down 5 3/4 to 8 ¼ cents to close out the day. January ended the week

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