Monday market report: Wheat down, corn continues to rise


Manage episode 281990261 series 2287287
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It’s 30 degrees this morning in the Treasure Valley we’ve had rain scattered snow over the weekend, It is 18 degrees in Poky, 16 in IF. Northern Idaho, it’s 30 and cloudy this morning in CDA and a bit colder in Sandpoint…. Scattered snow over the weekend.

On to the markets:

Corn futures still climbing upwards, Corn opens at $4.96, up 2 cents from Friday.

Monday wheat trading opens a bit weaker:

Mar 21 CBOT Wheat opens at $6.38, down 3 cents,
Mar 21 KCBT Wheat opens at $5.94, down 3 cents,
Mar 21 MGEX Wheat opens at $6.07, up 4 cents,

Local wheat still down and adjusting

- Soft White Wheat | 5.21 | down 4
- Hard Red Winter | 5.64 | down 5
- Hard Red Spring | 6.01 | up 4
- Barley | 7.50 | unchanged
- Hard White | 5.71 | down 4

Milk inching up, now trading at $16.66 per hundredweight this morning, leveling off a bit but futures are projected back up to the above 20 dollar mark.

Monday fat cattle futures open down 22 cents so far. Feeder cattle futures are also trading lower with open losses of 37 cents so far. Feb cattle futures closed the open the session with 2 cent losses. The other front months open with 22 cent gains. Front-month feeder cattle futures open the session $1.10 higher. The CME Feeder Cattle Index is back up by 38 cents to $135.35.

Idaho Hay, supreme quality trading at $190, good quality going for $140 feeder demand steady.

That's it for the Monday market report from the voice of Idaho Agriculture, I'm Jake Putnam

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