| 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
- Cotton Mixed Following Positive Export Sales Data
- Cotton futures posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel and the US dollar index 260 points lower. Export Sales data from this morning saw an uptick to the old crop cotton bookings...
- Cattle Bounce Back from Wednesday’s Overreaction
- Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off 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 week ago. Northern...
- Hogs Pull Back on Thursday with Negotiated Weakness
- Lean hogs fell $1.17 to $2.45 in the front months on Thursday, with the other contracts down 80 to 97 cents. USDA’s National Average Base Hog negotiated price was down $2.78 on Thursday afternoon, at $88.71. The CME Lean Hog Index was up 19 cents on April 23 at $91.64....
- Soybeans Come Back to Close Mixed
- Soybeans rallied off the early midday losses by 10-13 cents on Thursday to close with front months down 1 to 3 ¼ cents and the September and beyond contracts up ½ to 2 ½ cents. May options expire on Friday. Soymeal ended the day with contracts down dime to $2.10/ton....
- Wheat Continues Rally as Dryness Expands in Southern Plains
- The wheat complex extended the bulls winning streak on Thursday. MPLS led the way this time, up 7 to 12 cents, with Kansas City 8 to 10 ½ cents higher in most contracts. Chicago futures were up 5 ¼ to 8 ¼ cents. This morning’s Drought Monitor showed 17.01% of...
- Corn Ends Higher, Helped by 10-week High in Export Sales
- Corn rounded out the Tuesday session with contracts up 1 ¾ to 5 cents across the board. Futures were helped out by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in this mornings’ Export Sales report. That...
04/24/24
Market Email: http://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_04_25_24.pdf
Wheat futures are trading higher this morning, up 7 to 9 cents in the JULY 2024 futures. The futures were trading both sides of unchanged early in the session, looking like the 200-day moving average was holding as resistance on the Sept CHI SRW chart, but we are seeing 5-10 cents in the green as the session goes on. Wheat markets continue to see support from dryness concerns in Russia and Fund short covering. If you're a speculator currently real short in your wheat position (sell high - buy back low = profits) you don't want to be caught on the wrong side of a major weather rally (if that is what we are currently in). 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.
Most of the US Midwest is expecting a couple rounds of rain over the next 5 days. As far as the critical US HRW areas, they are predicting 50% coverage of 1/4 to 1 1/2 inches with some location's possibly receiving as much as 6 inches. Unfortunately, the far western areas of Kansas and Oklahoma are expected to be in the 50% of the region that will be missed, which keeps a little weather premium in the wheat market.
Argentina is still worried about the corn leaf hopper issue in their corn crop. This insect spreads a disease called spiroplasma that can cause yield losses of 5 to 100%, depending on how early the plant is infected. It is early to know the full impact this will have on the total production in Argentina. A cold winter would be the best defense against the growth of these leafhoppers as they don't tolorate temperatures below about 39 degrees F but the latest forecasts show a relatively mild winter on its way.
Cash Futures Prices: Chicago JULY is up 8 cents at 621. KC JULY is up 9 at 639 and MPLS JULY is up 7 at 693. US Dollar is trading 0.21 lower at 105.65.
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
