Monday Market Report: Corn, Wheat up, sugar steady
Idaho Farm Bureau's Podcast
English - November 03, 2021 01:00 - 3 minutes - 2.74 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Good Monday morning…We’re seeing mild temperatures but colder mornings across Idaho, perfect harvest weather!
It’s 43 degrees this morning in theTreasure Valley. a refreshing 37 in Poky a bit cooler in IF at 34. It’s 39 in TwinFalls and 28 in CDA.
This morning Corn futures are up 3 cents higher. Thats after the USDA reported 279-thousand metric tons of corn was sold to Mexico last Friday in a large private sale.
So Dec 21CBOT Corn opens at $5.67 that’s up 40 cents from last Monday.
Chicago wheat futures found Monday morning strength to bounce into a fractionally mixed open. through October. December SRW prices open fractionally higher, but gained 47 3/4 cents for the month. Thats been the story this past week across the board.
Dec 21 CBOT Wheat closed at $7.72 3/4, up 1/4 cent, that’s up 35 cents from last Monday.
Over in Meridian prices are steady:
| - Soft White Wheat | 9.60 | Unchanged
| - Hard Red Winter | 8.26 | Unchanged
| - DNS 14% | 10.20 | Unchanged
| - Corn | 6.41 | Unchanged
Monday opens with cattle futures complex another $.95 to $1.07 lower. Feeder cattle are also extending the pull back with $0.90 to $1.45 losses so far. The CME Feeder Cattle Index for opens 53 cents higher to $156.00 Cash sales confirmed by USDA are mostly in $126 dollar range in the South and mostly $126-$127 in the North. Last week’s full range of deals were $125 to $128 with $200 in the beef. Wholesale Boxed Beef prices open higher with a $1.12 increase to Choice and a $1.60 bump in Select. T Dec 21 Cattle opens at $129.37, down $0.95,
Milk… opens down a bit at $17.85 per hundred weight…and thats down slightly from last week.
World Sugar stands firm at 19 cents per pound, that’s up slightly…
The hay crop is in The buyers are looking and bidding but producers are holding on for anticipated higher prices. There’s still a lot of feed out there for the dairies Premium alfalfa still going for $240 and higher grades at $230. The other regions of the state showing markets close to that.
That's it for the 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