Grain markets skyrocket
Idaho Farm Bureau's Podcast
English - December 28, 2020 15:00 - 2 minutes - 1.78 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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.