Hours:Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 7:00 PM Monday-Saturday; Closed Sunday Burbank Elevators Hours: 8:00 AM to 4:00 PM Monday-Friday; Closed Saturday and SundayContact 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
10/21/24:Futures markets reamain choppy. Continue to trade weather forecasts and robust row crop production. Wheat and corn futures all up 3-5 cents, moderate recovery after the drop on Friday. Corn bounced pretty solidly off of the $4 flat mark, a positive sign that it didn’t go test the $3.80 lows from a month ago. Wheat technically has room to drop but feels like with the Russian story and corn establishing a potentially higher bottom it will be forced to do the same. Weekly corn exports were big this week at 2,225K MT exceeding the top end of expectations. Unknown, Japan, Columbia and Mexico made up over 80% of the purchases. Wheat exports were upper end of the expectations as well at 504K MT. HRS was over 40% of it with the main buyers being Mexico and Egypt. HRW only 76K MT, and SWW 151K MT. Need to keep the positive export pace rolling over the next few weeks, and couple that with Russian concerns about dryness and export pace… we start to see the demand driven rally Jan forward that we’ve been forecasting for. Washington Cap-and-Trade Rebates Start Aug. 26 It will be first-come, first-served when Washington distributes $28.5 million to partially refund cap-and-trade surcharges to farmers and haulers of farm goods for fuel. Click on the link below for full Captial Press article.
***Tri Cities Grain now offering Grain Settlement ACH Payments as well as Vendor ACH payments. 1 page form to fill out in order to set up the process. Please call with any questions Click here for the ACH Payment form
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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 October 22, 2024, 11:33:19 AM CDT or prior.
Commentary
Soybeans Slipping on Tuesday Morning -
Soybeans are showing losses of 1 to 2 cents so far on Tuesday. They settled the Monday session with contracts up 2 ½ to 11 cents, led by the Cotton Hovering Near Unchanged on Tuesday Morning -Cotton prices are withing a few points of unchanged on Tuesday AM trade, as contracts are up 3 to down 2 .Futures closed out the Monday session with Wheat Weakness Continues on Tuesday Morning -Wheat futures are showing 4 to 5 cent losses across the three markets on Tuesday morning. The wheat complex fell back from their intraday highs on Corn Sticking Close to Unchanged to Start Tuesday Trade -Corn prices are showing fractionally mixed trade so far on Tuesday AM. Futures closed out the Monday session with fractional to 4 ¾ cent gains Cattle Traders Look to Tuesday After Pressure on Monday -Live cattle futures closed out the day with contracts down 30 to 62 cents across the board. There were no new deliveries on Monday for October Hogs Post Modest Strength on Monday -Lean hog futures saw modest gains of 15 to 45 cents on Monday. The national average base hog price was reported at $75.22 on Monday afternoon, up Full commentary... |
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