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Pasco Office Hours: 7:00 AM to 4:00 PM Monday-Thursday; Friday 7:00 AM to Noon

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Office #509-545-0900 & Elevator #509-545-5179
 
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Contact John Mancini at 509-234-2500
 

Commentary

1/23/25: Corn Futures up 8c, Chic up 1c, KC down 3c, Mpls Down 2c,  USD is higher, Crude is lower.

Corn has the best fundamental story (up 40c since Jan 1) and now pushing over that critical $5.00 mark. Tighter ending stox in the US and Globe have wheat in feed rations once again. However, we can see a lot of air come out of this corn futures market as soon as funds exit thier massive long positions... not sure what spooks them other than a technical chart picture at the moment though. Speaking of moment: Trump is delivering a speech at the World Economic Forum at the moment. Talk of inflation concerns, Chinese Tariffs along with Mexico and Canada, a push for lower Oil prices and an end to the war in Ukraine. US Export sales delayed until tomorrow with the holiday Monday. Finally, the new USDA secretary might get approved today and thier previous comments on energy seem to be pushing against biofuel/ethanol.... markets will be watching closely.

 


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Cash Bids Delivered TCG; No Additional Fees or Fuel Surcharges Deducted

Quotes are on 15 min delay with futures markets.  Please call to confirm pricing 

Futures Quotes
Quotes are delayed, as of January 23, 2025, 02:15:31 PM CST or prior.
Commentary
Cotton Futures Join Other Ags in Higher Action -

Cotton futures prices are trading 29 to 40 points higher on Thursday, late morning. Futures posted weaker trade on Wednesday, with contracts down 44

Cattle Futures March to New All Time Highs -

Live cattle futures are trading 50 to 70 cents higher this morning, with February setting a new all time high for the front month contract at

Hogs Add to Wednesday Gains in Thursday Futures Action -

Lean hog futures are trading 15 to 67 cents higher at midday on Thursday, led by nearby February. The national average base hog negotiated price was

Corn Bulls Still in Control During Thursday Session -

Corn futures are 5 to 8 cents higher ahead of the noon hour in Chicago. Preliminary open interest was up 15,115 contracts on Wednesday. The national

Soybeans Higher in Thursday Midday Trading -

Soybeans are trading 11 to 14 cents higher in the Chicago futures market at midday on Thursday. They closed the Wednesday session with contracts

Wheat Futures Still Mixed on Thursday, Diffferent Spreads -

Wheat futures are mixed at midday, with Chicago SRW futures moving back into plus territory while the hard wheat contracts are down about 3 cents

Full commentary...
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