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Cash Grain Markets

Hard Red Winter Wheat Cash Price 

  Ordinary Protein 11% 12%

-14
Fri PM

-14 
Fri PM
-14 
Fri PM
South Central MT365 - 569415 - 430460 - 475
Golden Triangle 354 - 396414 - 446464 - 448
Northeast MT 326 - 381386 - 421436 - 466
FOB Portland-14 
481 - 496
Fri PM
-14 
546 - 556
Fri PM
-14 
591 - 601
Fri PM

Dark Northern Spring Wheat Cash Prices


  13% Protein 14%  15%
  -16 to 17
Fri PM
-16 to 17
Fri PM
-16 to 17
Fri PM
South Central
MT
554 - 569602 - 617622 - 640
Golden Triangle 549 - 600609 - 640644 - 662
Northeast MT 525 - 561573 - 609601 - 648
FOB Portland-16
679 - 699
Fri PM
-16
727 - 747
Fri PM
-16
759 - 779
Fri PM
 


Wheat / Durum / Barley Cash Prices

  Soft White Wheat Hard Amber Durum Feed Barley
  -6
Fri PM
Steady 
Fri PM
Steady 
Fri PM




South Central MT  
 
Golden Triangle  600575 - 600
Northeast MT  
605 - 625 
FOB Portland520 - 533 (Dec)
   

Wyoming / Nebraska / Colorado Cash Prices


Hard Red Winter WheatYellow Corn Feed Barley 

-14
Thu  PM
-3
Fri PM


S.E. WYO-
S.W. NEB
326 - 372
298 - 311 
North Central COLO
336 - 359
33` - 356 
Denver351 - 366331Not available
+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

>> More Grain Market News

Grain Market Commentary

Market Commentary from the Northern Ag Network:
 1/12/2018  3:00 PM

DTN reports:

March soybeans took back 10 1/2 cents of this week's losses on Friday, helped by a slightly smaller crop estimate from USDA. Friday's reports weren't as kind to corn and wheat prices with March Chicago wheat dropping 12 3/4 cents and ignoring a new three-year low in the U.S. dollar.

Wheat:

March Chicago wheat fell 12 3/4 cents Friday to $4.20 1/2, knocked backed to the ground from its highest prices in nearly five weeks after USDA increased its estimate of U.S. ending U.S. wheat stocks from 960 to 989 million bushels. A closer look at the numbers showed a 20 million bushel reduction in USDA's estimate of feed demand, which will be discouraging to producers given wheat's cheap prices. Also, prices were pressured by USDA's estimate of 32.6 million acres of winter wheat plantings. That is slightly lower than 2017 and still the lowest in over a century, but I suspect many were expecting an even lower number. Dec. 1 wheat stocks totaled 1.873 in the U.S., slightly more than expected, but not a surprise, given wheat's slow export pace. USDA's estimate of world ending wheat stocks was down slightly from a month ago, at 268.02 mmt (9.85 bb), even though Russia's crop estimate was increased from 83.0 to 85.0 mmt (3.12 bb). In spite of Friday's sell-off, the trend in winter wheat remains sideways with USDA providing plenty of fundamental reasons to be bearish. DTN's National SRW index closed at $4.01 Friday, priced 32 cents below the March contract and near its highest price in three months. DTN's National HRW index closed at $3.94, near its highest price in five months.


Corn:

March corn closed down 2 1/2 cents at a new contract low of $3.46 1/4, pressured by Friday's higher corn crop estimate and higher-than-expected estimate of Dec. 1 corn stocks. USDA said 14.604 billion bushels of corn were harvested in 2017, based on a higher yield estimate of 176.6 bushels an acre. After deducting 25 million bushels from feed demand, the new estimate of U.S. ending corn stocks in 2017-18 is 2.477 billion bushels or 17% of annual use. This is the highest ending stocks-to-use ratio in 12 years. USDA also said Dec. 1 corn stocks totaled a higher-than-expected 12.516 billion bushels. USDA's estimate of world ending corn stocks also came in higher than expected, at 206.57 mmt (8.13 bb) or 19% of annual use. One thing USDA did not do on Friday was reduce corn's U.S. export estimate and earlier Friday, USDA said 12.6 million bushels (320,000 mt) of U.S. corn were sold to unknown destinations for 2017-18. Friday's numbers added weight to corn's bearish arguments and move the trend in March corn from sideways to down. DTN's National Corn Index closed at $3.15 Thursday, priced 33 cents below the March contract and near its highest price in four months. In outside markets, the March U.S. dollar index is down 0.78 at its lowest spot prices in over three years as Europe continues to show signs of improvement. Earlier Friday, the U.S. Labor Department said consumer prices were up .1% in December and up 2.1% from a year ago, as expected.


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