7/23/24: Corn futures up another 6 cents this morning after finishing up 11 cents yesterday.  Private exporters reported a sale of 200K MT to unknown for the upcoming crop year.  Corn values low enough that we are finding some additional export demand.  The rebound in corn is pulling wheat up moderately with all wheat boards up 3-5 cents this morning.  HRW has lost ground to corn over the past two days and if it continues could start working into some feed channels.  Spring wheat has also further separated itself from winter wheat on dryness concerns and concerns about Canadas crop. US Spring wheat tour is going on this week, market will be focused on yield prediction and vomitoxin reports.  Based off conditions (77% good/excellent still this week) yields should be big, if not record big.  Market is concerned about higher vom potential due to the mild temps and big rains.  Corn conditions sit at 67% good/excellent down a point from last week.  Soybeans unchanged at 68%.  Winter wheat harvest sits at 76%, vs market prediction of 81%, pace has slowed as it has moved north.  Pace is still right in line with 10-year average.  Montana will be going hot and heavy on hrw harvest this week.  Their proteins will set the tone for our hrw scales moving forward.  Would not be surprised if scales widen out to start as we are again anticipating big yields after somewhat ideal growing conditions.

TCG Harvest Note: Costs to the US ag producer continue to do nothing but rise, while commodity prices remain stagnant at best.  We understand the challenges producers are up against and in an effort to help we are lowering our storage charges from 3 cents per month to 2 cents per month.  In addition, we will offer the option to pass title at the pit reducing the charge from 2 cents per month to 1 cent per month.  We appreciate and value every one of our customers and hope that this allows you to maximize earning potential for your farm. 

 Please open link below for information about TCG's decision to change grain grading labs from WSDA grain lab in Pasco to National Quality Inspection (NQI). 

NQI Customer Letter

 ***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

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