| 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 |
| CANOLA FOB UTOWN 04-25-24 | ||||||
|---|---|---|---|---|---|---|
| Delivery Start | Notes | Basis | Cash Price | Delivery End | Basis Month | Futures Price |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
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
- Wheat Rallying to Round out Strong Week
- Wheat bulls are continuing to push the shorts out on Friday, as contracts are up across much of the board. Kansas City continues to lead the way, with gains of 10 to 13 cents at midday. Chicago futures are trading with 4 to 5 cent gains across the front months....
- Soybeans Hesitant to Head Higher on Planting Delays
- Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
- Cattle Regaining Strength to Round Out Week
- Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a...
- Hogs Continue Drop into Friday
- Lean hogs are down another $1.12 to $2.45 at midday. USDA’s National Average Base Hog negotiated price was not reported on Friday morning, with a 5 day rolling average at 90.45. The CME Lean Hog Index was back down 21 cents on April 24 at $91.43. May futures still hold...
- Corn Sneaking Higher into the Weekend
- Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
- Cotton Mixed on Friday
- Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...
04/26/24
Market Email: http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_04_26_24.pdf
Wheat futures are trading higher this morning, up 7 to 21 cents in the JULY 2024 futures, marking the 7th day in a row of green numbers with almost $1.00 worth of ground covered on the wheat futures charts. CHI JLY 2024 CHART BELOW:
KC HRW futures are up the most with the driest parts of western Kansas and Eastern Colorado continuing to miss most of the rains. France and the eastern part of the European Union are still seeing too much moisture which is affecting their planting progress while the southern part of Russia's growing region is getting drier and drier. Managed money (speculative traders) are still buying up wheat futures and working their short positions down which has been amplifying the effect of this weather market. Yesterday's weekly US export sales report came in about as expected, with Corn being above expectations, Soybeans below, and wheat at about the upper third of the expected range.
We might be getting high enough on the wheat futures board for Hedge-to-Arrive contracts to make sense. With CHI SEPT Futures approaching $6.50 it may be worth leaving a sell order to try to lock in a good futures price. Basis levels will likely be lower than what we have been used to at harvest time but something around $0.50 seems like a good possibility. ($6.50 + 0.50 basis = $7.00 coast). Another option could be what is called a "Platinum" contract where the proceeds of selling a call option (not buying as in a minimum price contract) are added to a cash sale. If the futures are trading at or above the call's strike price when the option expires, it would turn into a HTA with the futures price set at the call's strike price. If the futures are trading below the strike price at expiration then the option expires. A little risk involved, but as long as you're okay with a potential HTA and keep grain on hand to back it, it can actually work out to your benefit. If you have any questions please give us a call.
Cash Futures Prices: Chicago JULY is up 11 cents at 632. KC JULY is up 21 at 661 and MPLS JULY is up 7 at 705. US Dollar is trading 0.44 higher at 106.04.
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
