Grain Bids
CANOLA FOB UTOWN 03-26-23            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

SWW            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

Club Wheat Max 10.5%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

HRW 11.5%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

DNS 14.0%            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price

Barley (Coast)            
Delivery Start Notes Basis Cash Price Delivery End Basis Month Futures Price
Quotes are delayed, as of March 28, 2024, 10:19:39 AM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.

Protein Scales

HRW: + 5 cents each 1/2% above 11.5% to 13.0%; - 10 cents each 1/2% below 11.5%

DNS: + 3 cents each 1/4% above 14.0% to 15.5%; - 7 cents each 1/4% below 14.0%

SWW: + 0 cents each 1/10% below 10.5%; - 0 cents each 1/10% from 10.5% to 12.0%. Max = -$0.00

** CLUB WHEAT MAX 10.5% PROTEIN ONLY **

Premiums and Discounts are Subject to Change...Please Call to Confirm


Commentary
Hogs Firmed Up for Wednesday
Nearby lean hog prices were 12 to 62 cents higher across the front months, leaving June with a $1.90 weekly gain into the quarterly Hogs and Pigs report. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back...
Wheat Mixed After Tight Overnight Trade
Wheat prices are fractionally mixed ahead of the USDA data releases. Overnight the May SRW contract kept to a fairly tight 5 cent range, from +2 ¾ to -2 ¼ cents. KC wheat futures ended the day mixed within 1 ¾ cents of UNCH. The soft red winter wheat futures...
Beans Weaker into Report Day
Current soybean prices are 4 to 3 ¾ cents lower ahead of the weekly Export Sales report and the USDA Grain Stocks and Planting Intentions reports scheduled for 11 AM CDT. Soy Oil futures closed more than 70 points weaker with 1.5% losses. Beans were down by 4 ¾ to...
Cotton Firms into USDA Reports
Cotton futures are trading mixed in new crop but 50 to 60 points higher in old crop ahead of the weekly USDA Export Sales report and the Planting Intentions report. Futures were down sharply on Wednesday on some pre-holiday profit taking. The old crop contracts sank more than 2 pennies...
Cash Cattle Prices Down, with Light Activity
Midweek trading was initially lower, extending Tuesday losses, but futures firmed up to end the day in the black. Fat cattle were 20 to 50 cents higher at the Wednesday close, and feeders were up by as much as $1.42. USDA confirmed some light cash trade on Wednesday mostly near...
Corn Mostly UNCH this Morning
Corn futures traded from -¾ to +1 cent overnight, and are back to mostly UNCH +/- ¼ this morning for the weekly Export Sales report. The USDA Grain Stocks and Planting Intentions reports scheduled for 11 AM CDT. Nearby corn prices closed 5 ¾ cents lower on Wednesday, leaving the...

Futures Table
Quotes are delayed, as of March 28, 2024, 10:19:39 AM CDT or prior.

Local Daily Commentary

3/27/2024

Daily Email:  http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_03_27_24.pdf

 

Wheat futures are trading higher this morning, up 1 to 3 cents in the MAY 2024 futures. Yesterday's futures markets saw some selling during the day that followed through into the overnight session. Wheat futures have found a little footing at slightly above unchanged. Large South American crops and improving moisture in some of the major growing areas in the U.S. have been pressuring prices ahead of the Prospective Plantings and Quarterly Grain Stocks report due out tomorrow morning. We are likely in for a pretty quiet day on the futures trading as traders are preparing for the data from tomorrow's two Govt reports (plus the weekly export sales report, plus the month-end / quarter-end). With the wheat futures closing for Good Friday it is essentially a three-day weekend as well.

 

Russia and Ukraine continue to attack each other's energy infrastructure with the intention appearing to be to cripple each other's economy and ability to finance the war. The container ship that took out the bridge in Baltimore harbor has caused a lot of logistical problems which will impair the ability to get goods in or out of that region. The impact seems to be relatively limited to the local area as alternate shipping solutions are being worked out but it is a reminder of how delicate our day-to-day way of life can be.

 

Cash Futures Prices: Chicago MAY is up 1 at 544. KC MAY is up 1 at 578 and MPLS MAY is up 3 at 650. US Dollar is trading 0.09 higher at 104.38.

 


2024 Spring Canola Program

WINFIELD CROPLAN

                  IN SEASON

CP9978TF   $ 789/50# BAG

CP9221TF   $ 799/50# BAG

CP930RR     $ 699/50# BAG

 

TREATED WITH HELIX VIBRANCE PLUS LUMIDERM

(VARIETIES ARE SUBJECT TO AVAILABILITY)

 

  TF* TRUE FLEX VARIETIES—44oz RATE OF GLYPHOSATE

  RR* ROUNDUP READY VARIETIES—22oz RATE OF GLYPHOSATE

 

MARKETING REBATE ON SEED—Growers who purchase their Canola seed from UCA and deliver any portion of their crop to UCA will receive a $ 0.25/cwt marketing premium when they sell their crop.

To place seed orders, please contact BEN ANDRUS 


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