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Hours:Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 7:00 PM Monday-Saturday; Closed Sunday Burbank Elevators Hours: 8:00 AM to 4:00 PM Monday-Friday; Closed Saturday and SundayContact us if you want our bids sent by text or email daily
Office #509-545-0900 & Elevator #509-545-5179.
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Contact Mason or John at 509-234-2500
Commentary
11/19/24: War escalation in the Black Sea has led to a 30-cent wheat bounce to start the week. To start the week the US signed off on allowing Ukraine to use long range missles provided by the US to fire deeper into Russia. Within 24 hours of that, Ukraine fired deep into Russia striking an ammo dump. Putin then updated Russia’s Rules of Engagement regarding the use of Nuclear Warfare in response to attacks on the country. Markets are watching closely and taking risk off, now concerned with all the “Trump Tariff” selling. Corn has played follower picking up 10 cents, still a nickel away from the strong resistance of 4.35 Dec futures. Outside of the war premium, fundamentals haven’t changed from last week. US continues to get beneficial rains for the winter wheat crop and demand for US wheat remains limited at best.
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Quotes are on 15 min delay with futures markets. Please call to confirm pricing
Futures Quotes
Quotes are delayed, as of November 20, 2024, 04:46:53 PM CST or prior.
Commentary
Cotton Rallying at Midday -
Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US Hogs Rallying on Wednesday -Lean Hog futures are trading with $1 to $1.80 gains so far on Wednesday’s midday. The national average base hog negotiated price was up $3.16 in Corn Turning Higher at Midday -The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn Soybeans Off the Lows, Still Showing Midday Weakness -Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s Cattle Showing Mixed Wednesday Trade -Live cattle futures are trading with contracts down 27 cents to 15 cents higher at midday. Cash trade came across at mostly $185 across the country Wheat Showing Midday Strength -The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to Full commentary... |
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