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Contact Mason or John at 509-234-2500

6/24 Washout continues for wheat down another 10-13c in futures today.   Wheat futures down $1.30-$1.40/bu since June 17 while YC down 55c as recovered up 15-20c today.  Overall  Wheat down $3.25-$3.60 since May 17 highs while YC down $ 85c /bu same time frame.   US winter wheat crops yielding better than originally forecast, DNS, YC, & soybeans all got planted and rain makes grain. Specs have been exiting.  Russian/Ukraine negotiating export lane out of Black Sea to ship 2021 stocks and nc stocks of grain, fertilizer, and other Ags also pressuring market.  Seems like impossible odds of this happening anytime soon..   Big USDA report June 30th, market anticipating a more accurate representation of stocks and acres.  Expecting decreases in spring wheat and corn acres due to the late planting issues.  We shall see.

*We are updating BOLS for wheat harvest.  Please call so we can get them mailed out in time.

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Futures Quotes
Quotes are delayed, as of June 26, 2022, 05:54:10 AM CDT or prior.
Triple Digit Bounce in Hogs -

Front month lean hog futures went into the weekend with $1.60 to $3.10 gains. For the July contract, that limited the week’s loss to just 8 cents.

Soy Bounces into Weekend -

The relief rally got the soy market back off the floor ahead of the weekend. Soybeans closed 5 3/4 to 17 1/2 cents higher in the front months –

Cotton Drops Hard into Weekend -

The cotton market continued its selloff with another triple digit Friday loss. July, now in deliveries with no limits, fell 3,256 points or nearly

Wheat Closed Red after Failed Rally -

Wheats initially tried to bounce into the weekend, but ended the day with double digit losses. CBT SRW went home 12 1/4 to 13 3/4 cents in the red

Cattle Close Friday Mixed Mostly Lower -

Live cattle futures ended the day with gains limited to 17 cents and front month losses limited to 50 cents. Feeder cattle futures went home with

Friday Recovery in Corn Market -

The corn market ended the week with double digit new crop gains to a 3 1/2 cent gain in July. For the full week, December corn was down by 57 cents.

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