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

Pasco Elevator Hours:  8:00 AM to 5:00 PM Monday-Friday  

Burbank Elevators Hours: 8:00 AM to 4:30 PM Monday-Friday

NOTE: ALL PRICES ARE NOW DELIVERED PASCO, NOT PORTLAND 

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Commentary 

1/27/23: Today marks the 4th day in a row of higher prices since Mondays bleed off.  Iraq tendered for Aussie US or Canadian wheat on Tuesday which initially sparked us higher.  It was announced yesterday that they ended up buying Aussie wheat and markets faded off highs yesterday on that news.  Today’s weekly export report was on the higher end of the range for wheat, pushing the rally further.  561K MT of wheat exports with SWW leading the way at 182K MT.  SWW being fed in addition to strong exports bodes well for SWW keeping a floor at current prices.  Corn exports were right in the middle of expectations at 926K MT, major buyer Mexico.  Yesterday it was also reported that a missile hit a Turkish owned cargo ship in a Ukrainian Port.  Likely plying a part in the rally as well, although a couple months ago that news would have likely caused a limit up day in futures.  Market must be tiring of trying to sort out what is escalation and what is not in the Black Sea conflict.    

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Futures Quotes
Quotes are delayed, as of January 29, 2023, 10:31:11 PM CST or prior.
Commentary
Cotton Finishes Red on Friday -

The front month cotton futures market went into the weekend with 34 to 61 point losses on Friday. For March, that meant a 19 point gain Friday to

Mixed Hog Trade into Weekend -

Hog futures went into the weekend mixed on Friday, with Feb and April giving back $1.15 and $0.55 respectively. The back months continued their

Friday Gains for Cattle Futures -

Fat cattle finished out the week of trading with 12 to 40 cent gains on Friday. For Feb, that left the board at a net 10 cent gain for the week,

Wheat Sees Spread Trading on Friday -

SRW futures closed the last trade day of the week with 1 3/4 to 2 3/4 cent losses. The hard red wheats extended their premiums as KC rallied 1 3/4

Soy Futures Fade on Friday -

At the close beans were 14 cents weaker in the March contract and a dime in the red in the May. The other nearby beans closed fractionally to 8 1/2

Corn Closes Mostly Red on Friday -

The March corn contract ended the last trade day of the week with a fractional gain, while the other nearby contracts went home 2 1/4 to 3 1/2 cents

Full commentary...
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