10/3/24: No further escalation in the middle east but remains in the background of the market.  Russian rhetoric on exports and crop concerns has finally started to intensify.  IKAR lowered its export number 2 million metric tons over night, Russian Fob Values for Nov are hovering around $227 per ton up roughly $10 per ton since last week, and there is growing concern that the government will start limiting exports.  Dryness persists but there are rains forecast in the two-week forecast.  Top end of the Australian wheat crop has come off with the recent freeze events and nearby dryness.  KC wheat up almost a $1 from lows made a month ago.  Spring wheat up 70 cents, SWW up 40 cents and corn up 45 cents.  Those are substantial rallies given US crop sizes and our muted yearlong export demand.  Wheat exports for the week were 444K MT higher end of the expectations led by SWW (201K MT) and HRS (142K).  Expect Spring wheat to continue to carve out better exports than the other classes as its high pro high quality can help blend off these lesser quality lower pro crops around the world.  Corn sales were 1,684K MT above expectations main buyers were Mexico, Columbia, and Japan.  Soybean sales were 1,444K MT with China taking over half of it.

  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.

Capital Press Cap & Trade Fuel Rebate Article

How To Apply.

  ***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