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Cash Bids & Our Comments

 

We will be moving into new office Nov 27 thru Nov30.  Be patient as all telecommunications will be down.  My C# 509-845-8225 & Jay c# 509 845-0929.  Hoping for smooth transition. To read our futures brokers daily market opinions, click on Daily Commentary Tab on the left.  Without major crop problems around the world this next year, hard to believe there is major upside price movement for US wheats thru the Fall.  Sell any 30c rallies. Scroll down on home page to look at electronic futures daytime and starting again at 4 PM PST.  Elevator hours will be 8am-5pm Monday thru Friday.   Office hrs will be 7am-4:30pm Mon-Fri.      

Nov 20-  Wht futs down 2-4c after selling off 4c yest.  This run has stalled.  Corn down 15c past few days with it being down 4c today.  Wht exports for last wk were slow at 13.3 m.bu. US sales. Egypt bot 7 mil bu Russian & German wht for Jan at $5.40/bu fob.  US frgt is $20/MT higher rendering US uncompetitive.  Corn now 54% harvested, Beans 89% hvsted and SRW 90% planted. Nov10 Crop report was negative raising world & US wht carryout 40 mil bu and lowering US corn production by only 97 mil bu after all the early freezes and rain delays for harvest. Still a 12.9 Bil bu bin buster corn crop coming.  This latest run doesn't want to end quite yet. We're in no man's land with no predictability for futures.  New money coming into grains is a selling opportunity for you, the nc 2010 prices are worth looking at and selling.    Corn harvest still wet.  Beans catching up at 90% harvested. Ags still moving opposite of the dropping dollar.   Should keep selling both OC and NC wht and corn on this run.  SW around $4.90 Portland for Dec and hasn't changed in last 40c/bu futures uptick.  US wht exports at sluggish pace and approx 70% of LY pace.   Wht will get to enjoy the ride up with corn & beans, but should be sold on this rally..    All crop reports this year indicating plenty of wheat to go around for world demand.   Aussie rains all but assure 22-23 MMT wheat production which is best crop in 5 yrs for them.   White Club at  $8.35 Portland is down 50c with Japan possibly going to reduce their club % in WWW mix. Markets will be volatile next couple months with weather scares.   Financial meltdown has slowed world trade by 35% volume..  in everything.

Elevator Hours 8am -5pm Mon thru Fri.  
Office Hours: 7am - 4:30pm Mon thru Fri.

 

Local Cash Bids
 
  Dlvd TCG
SWW DLVD DNS - 14% DLVD HRW - 11.5% DLVD BARLEY FOB BIN YELLOW CORN FOB BIN
Cash Price Converted Price Cash Price Converted Price Cash Price Converted Price Cash Price Converted Price Cash Price Converted Price
Nov        
Dec          
Jan 2010        
New crop 2010          
New Crop 2011                
Price as of 11/20/09 05:56PM CST.
Month Symbols
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New Crop Thoughts
NC 2010-  Wheat prices had big October rally and went up almost $1/bu.  We traded Pasco prices of $5/bu for SW,  $6.00 for HRW, & $6.55 for DNS.  Since Oct 23, we dropped 60-70c again.  Be ready to sell the next rally if prices repeat Oct23 highs.  World wheat crops in pretty good shape so far for next years crops.   Same goes for NC10 corn as it rallied $1/bu in Oct and is now down 40c/bu since Oct 23 highs.  We have a year to go, and expect some volatility ahead with more rallies.  With new rules for Spec Fund & Index Fund position limits, we don't expect the big gyratons we have seen the past 2 years. I'm thinking that any 50c move back up is still in the cards.  I think realistic deld Pasco price objectives of $5/bu for SW, $5.75/bu for HRW, and $6.50/bu for DNS will be reached over the next 12 months.  Mother Nature will mess with some areas in the World.  Corn prices for 2010 are worth looking at again as futures have reached $4/bu again.   Figure out what grain prices are profitable for you before selling and let us know what you want us to do.  CRC crop insurance was lowered to $5.50/bu for 2010, but it still helps protect you on the downside. Weather markets ahead on corn and soybeans will more than likely cause some rallies on dryness, wetness, and freeze issues.   World economy still needs to improve to get goods moving again.  DF
    
  

Headline News
Gates: Afghan Surge Could be Swift 11/20 08:17
6 World Powers Meet About Iran Nukes 11/20 07:58
Bomber Kills 16 in W. Afghanistan 11/20 07:56
Iraq Cleric Aide: End Political Crisis 11/20 08:15
US Strike Kills 8 Militants in Pakistan11/20 08:02
French FM Visits Afghan Village 11/20 05:33
SKorean FM Nixes US Trade Negotiations 11/20 05:39
Stocks Fall in Early Trade 11/20 10:34

Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Dec 399'0 390'2 391'0s -4'0
Mar 414'6 406'0 407'0s -3'6
May 424'2 416'0 417'0s -3'4
Jul 432'6 424'2 425'4s -3'2
Sep 437'2 429'4 430'2s -2'6
Dec 442'4 434'2 435'4s -2'6
Mar 450'0 443'0 444'4s -2'0
May 452'2 450'2 449'4s -2'6
Jul 458'0 454'6 455'0s -3'0
 
@W - WHEAT - CBOT
  High Low Last Chg
Dec 572'2 553'2 559'6s -2'6
Mar 593'6 574'4 580'6s -3'2
May 604'2 587'2 592'2s -3'2
Jul 615'6 597'4 602'6s -3'0
Sep 624'4 612'4 617'4s -2'4
Dec 648'4 631'6 637'0s -2'4
Mar 653'0 644'4 649'0s -3'0
May 655'0s -3'0
Jul 667'0 659'0 664'4s -3'0
 
@KW - WHEAT - KCBT
  High Low Last Chg
Dec 570'4 552'4 556'6s -4'2
Mar 585'6 568'6 572'6s -3'6
May 587'2 580'4 583'6s -4'2
Jul 608'6 592'0 595'0s -4'0
Sep 610'0 603'2 606'2s -4'0
Dec 638'0 622'0 624'6s -4'0
Mar 638'4s -4'0
May 645'4s -4'0
Jul 652'4s -4'0
 
@MW - WHEAT - SPRING - MGE
  High Low Last Chg
Dec 575'0 560'0 564'0s -4'4
Mar 591'6 577'2 581'2s -4'0
May 600'0 590'0 592'2s -4'4
Jul 613'4 601'4 606'6s -2'2
Sep 620'0 614'2 617'4s -2'6
Dec 640'0 631'6 635'4s -2'2
Mar 654'0 650'0 648'2s -6'2
May 658'4s 0'0
Jul 663'2 663'0 663'0s -8'2
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Jan 1050'0 1031'4 1046'0s 7'0
Mar 1054'6 1037'0 1050'2s 5'4
May 1055'6 1038'2 1050'4s 4'2
Jul 1058'2 1041'0 1053'4s 3'4
Aug 1049'6 1040'6 1049'4s 3'0
Sep 1032'2 1022'0 1032'0s 3'0
Nov 1029'2 1013'2 1022'4s 1'0
Jan 1030'0 1022'4 1026'2s 0'6
Mar 1033'0 1033'0 1030'2s 1'0

Reminder
You can look at your unloads & grades through this web page. Call Joan & set up your password! Also you can look on our home page under the prices and click on your county to check on ldp's.

TriCities Grain Photo Gallery

  

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Local Conditions
Pasco, WA
Chg Zip Code: 
Temp: 53oF Feels Like: 53oF
Humid: 47% Dew Pt: 33oF
Barom: 29.49 Wind Dir: S
Cond: Partly Cloudy Wind Spd: 5 mph
Sunrise: 7:05 Sunset: 4:19
As reported at PASCO, WA at 3:00 PM
 
Local Radar
Pasco, WA
Radar
 
Local Forecast
Pasco, WA

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High: 60oF
Low: 39oF
High: 53oF
Low: 32oF
High: 50oF
Low: 37oF
High: 44oF
Low: 30oF
High: 50oF
Low: 34oF
View complete Local Weather
 
DTN Weather Summary
Light Rain, Snow Early Next Week
Bryce Anderson (Bio) – DTN Meteorologist

We'll see a mix of light rain and snow move into the northern Midwest Monday and Tuesday as conditions turn less favorable for harvest progress during the next five days. » More DTN Weather Commentary

Posted at 1:51PM Fri Nov 20, 2009 CST

 
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