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Cash Grain Markets

Hard Red Winter Wheat Cash Price 

  Ordinary Protein 11% 12%

+3 to 4
Tue PM
+3 to 4
Tue PM
+3 to 4
Tue PM
South Central MT456 - 474470 - 494479 - 509
Golden Triangle 459 - 482475 - 498485 - 509
Northeast MT 416 - 456426 - 466431 - 471
FOB Portland+2 to 3
585 -  611
Tue PM
-3 to +3
599 to 621
Tue PM
-8 to +3
606 - 626
Tue PM

Dark Northern Spring Wheat Cash Prices


  13% Protein 14%  15%
  +5
Tue PM
+5
Tue PM
+5
Tue PM
South Central
MT
504 - 524520 - 540520 - 548
Golden Triangle 505 - 526513 - 542513 - 550
Northeast MT 472 - 502480 - 513480 - 521
FOB PortlandSteady to +5
625 - 657
Tue PM
Steady to +5
665
Tue PM
Steady to +5
665
Tue PM
 


Wheat / Durum / Barley Cash Prices

  Soft White Wheat Hard Amber Durum Feed Barley
  Steady to +6
Tue PM
Steady to -15
Tue PM
Steady
Tue PM




South Central MT  
 
Golden Triangle  450675 - 700
Northeast MT  
435 - 450 
FOB Portland590 - 601
   

Wyoming / Nebraska / Colorado Cash Prices


Hard Red Winter WheatYellow Corn White Millet

+3
Tue PM
-5
Tue PM
Steady
Tue PM
S.E. WYO-
S.W. NE

436 - 456

293 - 313800 - 900 (cwt)
North Central COLO

437 - 456

358 -362 
Denver446 - 456358
+9
525 - 545
Mon PM
+1 to 6
Mon PM
+1 to 6
Mon PM
-1
Thu PM
-1
Thu PM
-13
520 - 533
Thu PM
+7 to 13
Thu  PM
+7 to 13
Thu  PM
+5
Thu PM
Ordinary Protein11%12%
 +5
Mon PM
-8
Wed PM
+12
614 - 643
Thu PM
+3
626 - 645
Thu PM
-11
448 - 483
Thu PM
-11
448 - 483
Thu PM
-11
448 - 483
Thu PM
-11
508 - 543
Thu PM
-7
Fri PM
-7
Fri PM
-2
579 - 599
Thu PM
Steady
Wed PM

Grain Market News

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Grain Market Commentary

Market Commentary from the Northern Ag Network:
9/18/2018  1:30 PM

DTN reports:

December corn fell 4 3/4 cents and November soybeans were down 9 1/2 cents, both finishing at new contract lows for a second day. December contracts of winter wheat were 3 to 4 cents higher, finding support at the lower end of this year's trading range.

Wheat:

December Chicago wheat closed up 4 1/4 cents at $5.10 1/2, still finding support near the lower end of this year's trading range. December milling wheat in Europe also helped U.S. prices trade higher, earning a small gain on the day. Late Monday, USDA said 13% of winter wheat was planted, in line with its usual pace. Tuesday likely saw more planting moving forward, but moderate to heavy rains are expected to slow the planting pace later this week. Even so, rain in the southwestern U.S. Plains is rarely a bad thing for crops. In the northwestern U.S., 97% of the spring wheat crop has been harvested and no significant obstacles for the remaining 3% are anticipated. Lower world wheat production will bring better balance to supplies in 2018-19, but it is not clear yet how much, if any, the U.S. might benefit from increased exports. For now, December contracts of all three wheats are holding sideways in a wide range. DTN's National SRW Index closed at $4.60 Monday, 47 cents below the December contract and near its lowest price in two months. DTN's National HRW Index closed at $4.72 Monday, up from its lowest price in two months.

 

Corn:

December corn dropped 4 3/4 cents to $3.43 1/4 Tuesday, pressured by a mix of commercial and noncommercial selling that is having a difficult time finding anyone to take the long side of the market. It also doesn't help that CFTC found 69,208 net longs on the noncommercial side of corn as of a week ago and they are under pressure to liquidate. Tuesday's weather map showed rain from Nebraska to southern Wisconsin, but the other areas of the Corn Belt were mostly dry and helpful to a harvest effort that USDA said was 9% complete as of Sunday. The demand side of corn is where prices have better hope to trade higher in early 2019, but the current environment is focused on the 14.8 billion bushels of new corn USDA estimates is about to come in. For now, corn remains under harvest pressure and cash prices are pushing closer to last year's low. DTN's National Corn Index closed at $3.05 Monday, near its low in 2018 and priced 43 cents below the December contract. In outside markets, the December U.S. dollar index is up 0.14 while outside commodities are mixed.

 

Trading volume was relatively light Monday, but all three wheat contracts posted double-digit gains, bouncing back from last week's four-day losing streak. Corn and soybeans were slightly higher with traders behaving cautiously ahead of Wednesday's WASDE report from USDA.
Trading volume was relatively light Monday, but all three wheat contracts posted double-digit gains, bouncing back from last week's four-day losing streak. Corn and soybeans were slightly higher with traders behaving cautiously ahead of Wednesday's WASDE report from USDA.
It was a risk-off day for commodities on Thursday, with energy, metals and grains under pressure, the latter still feeling the sting of Wednesday's bearish USDA report. This is despite the U.S. dollar index that reached two-week lows on weaker-than-expected inflation data. Hurricane Florence has been downgraded, which has eased concerns in the crude oil market. Equities are trading higher.
It was a risk-off day for commodities on Thursday, with energy, metals and grains under pressure, the latter still feeling the sting of Wednesday's bearish USDA report. This is despite the U.S. dollar index that reached two-week lows on weaker-than-expected inflation data. Hurricane Florence has been downgraded, which has eased concerns in the crude oil market. Equities are trading higher.

Grain Futures