Monday Market Report:Corn down 8-cents!

Good Monday morning! the heatwave continues with a record-breaking heat still ahead for the next couple of weeks.

It’s 70 degrees this morning in Boise and Treasure Valley. It's a  refreshing 64 in Poky a bit cooler 62 in IF. 64 in TwinFalls CDA 64…. We will have warm temps later in the week into the weekend. With highs above 100 across Idaho.

Corn futures open 6 to 8 cents lower. December futures gave back all of last week’s gains during a 62 cent drop from Friday and prices open at 6.29

All the Wheat markets open this morning mixed. CBT wheat futures open with losses. Kansas City HRW futures are 5-6 cents higher in the front months. Spring wheat futures open with 9 cent gains. Sept prices recovered 13 1/4 cents from the week’s open. 

July 21 CBOT wheat opens at $6.15 down 3 cents.

Over in Meridian prices steady:

 | - Soft White Wheat | 7.31 | down 4
 | - Hard Red Winter | 5.84 | up 3
 | - DNS 14% | 7.85 | down 3
 | - Corn | 5.94 | down 8

August fats open a nickel in the red, though most other contracts went into the weekend with 12 to 80 cent gains. USDA reports some catch-up sales from $119-$120 in KS and from $124-$126 in NE. The bulk of trade for the week was $119-$120 in the South and mostly $123 - $125 in the North. Feeder cattle futures open after a triple-digit rally on Friday The CME Feeder Cattle Index is $1.22 stronger at $152.77.     

Milk prices open up down a little at $16.85 per hundredweight…down 11 cents from last Monday.

Sugar stands at 17 cents per pound, and down a few percentage points.

Heating oil is at 56.80 and climbing…up 50 cents from the 4th of July.

We’re seeing lots of sun perfect haying weather Demand  is steady and lots of hay moving to market

Timothy going up to $200 a ton…

Supreme going for $190 per ton

Premium           $170                

Good             $ 130    

That's it for the Monday market report…You can check out the market prices on the Idaho Farm Bureau web page… for the voice of Idaho Agriculture, Im Jake Putnam