Hours:Pasco Office Hours: 7:00 AM to 4:00 PM Monday -Friday Pasco Elevator Hours: 7:00 AM to 5:00 PM Monday-Friday; Saturday & Sunday Closed Burbank Elevators Hours: 8:00 AM to 4:30 PM Monday-Friday; Saturday & Sunday Closed
NOTE: ALL PRICES ARE NOW DELIVERED PASCO, NOT PORTLAND Contact us if you want our bids sent by text or email daily
Office #509-545-0900 & Elevator #509-545-5179.
Call Tri-State Seed for all of your seed needs.
Contact Mason or John at 509-234-2500
Commentary
9/26/23: Markets floating around unchanged this morning, after an equally quiet day yesterday. Crop conditions and progress reports out yesterday afternoon showed Soybeans going backwards a touch from 52% good/excellent down to 50%. Corn increased 2% from 51% to 53%. US harvest progress all in line with 5-year averages. Spring wheat at 96% complete, Corn 15% and Soybeans 12% complete. Macro markets are going to keep adding downward pressure to the ag market, specifically the USD as it pushes higher. Russia and Ukraine have both continued to attack port facilities on each side, targeting ag infrastructure. Markets have brushed that off as nothing more than noise for now, as boats continue to be left alone by both sides. USDA reports out September 12th were neutral to bearish beans and corn, and moderately bullish wheat. Balance sheets for US wheat were essentially unchanged but global wheat production and carryout were lowered. Would indicate that maybe we just put in the lows on wheat at least in the short term. We will know if the lower production and carryout is true if the rest of the world starts raising their export prices. Russia FOB values the main country to monitor. Corn yield was lowered again to 173.8 bpa, but harvested acres were increased. Net result an increase in corn production to 15.13 billion bu and an increase to the 2024 carryout now at 2.22 billion bu. **Please call for Corn BOLS
***Tri Cities Grain now offering Grain Settlement ACH Payments as well as Vendor ACH payments. 1 page form to fill out in order to set up the process. Please call with any questions Click here for the ACH Payment form
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 September 28, 2023, 03:47:33 PM CDT or prior.
Commentary
Cotton Gaining at Midday -
Current cotton prices are 73 to 82 points at midday. FAS reported 55,323 RBs of cotton was sold for export during the week that ended 9/21. That Wheat Futures Weaker at Midday -Wheat prices are currently red through Thursday. CBT is 1 ¼ to 1 ¾ cents lower. KC HRW is trading 6 ¼ to 9 ½ cents lower so far. HRS is Soybean Futures Mostly Weaker -Current soybean futures are fractionally to 2 ½ cents in the red. Soymeal futures are trading $4 higher at midday. Soybean Oil futures are Hogs Rallying Ahead of H&P Report -Thursday hog futures are trading $1.87 to $3.27 so far going into the NASS Hogs and Pigs update USDA’s National Average Base Hog price fell 37 Cattle Rebounding through Midday -Front month cattle are currently $1.95 to $2.72 higher as they recover from early losses this week. Dec fats are now at a 52 cent loss for the week. Full commentary... |
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