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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 Burbank Elevators Hours: 8:00 AM to 4:30 PM Monday-FridayNOTE: 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
12/2/22: Wheat markets taking it on the chin this morning led by KC. A large grain company is delivering against Dec futures expiration causing the drop. Overall futures have been locked in a bearish trend for the past couple weeks, losing over a $1 through all 3. No new fresh headlines out of the War and the government stepping in and stopping the potential rail strike all playing the part. Russia also has a glut of wheat that continues to trade limiting any “extra” export business to the US. Red wheats still have the most upside though in our opinion as we are far from resolution in the war. Domestic stocks are tighter than they have been in a long time and the HRW conditions for next years crop are already starting at a historical low point. With this drop HRW also starts to get fed again finding new demand. Believe patience is key with red wheat marketing and we will see better opportunities in the new year for both old and new crop. SWW will continue to struggle with a surplus of stocks in the US and demand limited.
**Call for New crop corn bids Cash Bids Delivered TCG
CALL FOR NEW CROP 2022 CORN BIDS. Futures Quotes
Quotes are delayed, as of December 05, 2022, 09:39:12 PM CST or prior.
Commentary
Hog Futures Close Firm and Mixed -
Dec hogs were the largest mover on Monday for the front month futures, having dropped 35 cents. The other nearby contracts were within 10 cents of Cotton Bounces into New Week -After last week’s rally stalled on a Friday pullback, Monday’s session settled with 60 to 67 point gains. The front months did pull back from Mixed Close for Monday Live Cattle -The Dec and Feb contracts settled red on Monday, with Dec live cattle giving back 12 cents no First Notice Day. The deferred contracts stayed in the Wheat Weakness Continued through Monday -Front month wheat futures were down 1.1% to 3.3% across the 3 classes. CBT SRW ended the day with 21 3/4 to 22 1/2 cent losses. HRW futures in KC Corn Hits New Low for the Move -Corn worked lower to start the new week, with March seeing price levels untouched since August 22nd. The board did close 3 cents off the day’s Soy Products Shift Value on Monday -Soybean oil continued to fade in the new week of trading. Futures closed 217 to 269 points lower across the front months. For Jan BO, that was the Full commentary... |
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