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HoursPasco Office Hours: 7:00 AM to 4:00 PM Monday -FridayHarvest Hours: Pasco Elevator Hours: 7:00 AM to 7:00 PM Monday-SaturdayBurbank Elevator Hours: 8:00 AM to 4:00 PM Monday-Friday
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Commentary
10/22/20: First significant down day in wheat in what feels like 2 weeks. Wheat boards closed down 7-9 cents this morning, while corn held strong closing up a couple. Wheat markets were due for a breather, and about the only thing markets could point to today to be lower was wheat exports good but not great at 367K MT, low end of the expected range. Corn exports strong at 1.83 MMT exceeding expectations. Japan, China and Mexico all the big buyers. Dryness persists in Russia/Ukraine and the US HRW belt. Markets continue to be concerned about 2021 HRW crop, until rain shows up downside will remain limited, especially with Managed money pushing longs as well. MARKET UPDATES AND GRAIN INFORMATION now also available via Washington Grain Commission Podcast here Cash Bids Delivered TCG
Futures Quotes
Quotes retrieved on October 25, 2020, 03:00:31 AM CDT
Commentary
Cattle Mixed at Close -
Cattle closed mixed ahead of the COF report, with 2 to 10 cent gains in 2020 expiry months. The back months were 15 to 60 cents in the red. Feeder Corn Higher at Close -Corn rallied in the afternoon and added 1 to 3 cents to the week’s move. For the week, Dec futures were up 4.29%. The carry (a.k.a contango) Ag Market Commentary -Corn rallied in the afternoon and added 1 to 3 cents to the week’s move. For the week, Dec futures were up 4.29%. The carry (a.k.a contango) Soy Rallies into Weekend -Soybeans rallied off of midday losses and ended the week with 4 to 10 cent gains. November outgained Jan by 3 cents from Friday to Friday, adding to Wheat Gains on Friday Trading -Front month wheat futures were higher on Friday. CBT wheat closed the last trading day of the week with 4 3/4 to 10 cent gains. KC HRW gained 7 to 9 Hogs Gain in Afternoon -After trading in the red at midday, Friday hog futures closed 2 to 82 cents higher. May futures stayed 32 cents in the red at the close. For Full commentary... |
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National Newswire
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Washington USDA Newswire
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NOAA Weather
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