Grain markets skyrocket

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Manage episode 281091338 series 2287287
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It’s 27 degrees this morning in the Treasure Valley we’ve had fog, It is 12 in Poky,9 in IF. Northern Idaho, it’s 27 this morning in CDA and a bit colder in Sandpoint…. Scattered snow later in the week.

On to the markets:

At the CBOT, open corn futures are at $4.50, up 13 cents. Corn futures open higher to start the new week. President Trump signed the main government funding bill on Sunday, including the estimated $900 billion coronavirus stimulus package.

As trading wrapped up for Christmas, wheat futures were mixed. SRW futures are climbing back from last Xmas eve's lows but still ended 2 cents weaker. This morning HRW futures are up a penny in the front months. HRedSpring futures are 2 to 4 cents higher at the close.

| Mar 21 CBOT Wheat opens at $6.27, down 2 3/4 cents,
| Mar 21 KCBT Wheat opens at $5.89, up 1 cent,
| Mar 21 MGEX Wheat opens at $5.82 3/4, up 2 3/4 cents

Burley
- Soft White Wheat | 5.20 | up 37
- Hard Red Winter | 5.15 | down 24
- Hard Red Spring | 5.65 | up 15
- Barley | 7.50 | up 50
- Hard White | 5.55 | up 16

Milk inching up, now trading at $15.71 per hundredweight this morning, up 9 cents.

Live cattle futures open UNCH, Front-month feeder cattle futures are also mixed, but mostly lower. Losses are limited to 30 cents in front months, with a 10 cent gain for Jan at midday. The CME Feeder Cattle Index opens $139.99, up 25 cents.

Idaho Hay, supreme quality trading at $180, good quality going for $140 feeder demand steady.

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