Monday Market Report: Wheat futures open firm
Idaho Farm Bureau's Podcast
English - August 02, 2021 13:00 - 3 minutes - 2.56 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Good Monday morning We finally broke the month-long heatwave with heavy showers over the weekend.
It’s 70 degrees this morning in Boise and Treasure Valley. It’s a refreshing 63 in Poky a bit cooler in IF at 61and 64 in TwinFalls, CDA 70…. We will have warm temps later in the week into the weekend. With highs back in the ’90s.
Front-month corn futures had given back 7 to 11 cents by Friday. December contracts open the week with a range of 28 1/2 cents, but only a net 2 and quarter gain
Sep 21 Corn opens at $5.47…exactly the same as last week.
Winter wheat futures open firm. CBT prices open the session a little lower but within 1a cent and half of UNCH. KC HRW wheat opens lower within 1 and quarter gain of UNCH. Spring wheat futures open in the red and down by 6 three-quarters to 13 cents.
Sep 21 CBOT Wheat opens this morning at $7.03 3/4, down 1 1/2 cents.
OVER in Meridian, we are strong there…
| - Soft White Wheat | 8.35 | Up 30
| - Hard Red Winter | 6.84 | Up 15
| - DNS 14% | 9.14 | Up 30
| - Corn | 6.53 | Up 6
Front-month fat cattle futures open Monday’s session with 37 cent losses. August fats maintained a 57 1/2 cent gain last week, Monday fat cattle trading has the board down 22 cents. The USDA reports catch-up sales in NE at $122 The rest of the cash trade opens at $119-$120 in the South and mostly $122 - $123 for the North. Feeder cattle futures open in the red on Friday, d\ 5 to 32 cents lower. The CME Feeder Cattle Index is $154.04.
Milk prices open up down a little at $16.48 per hundredweight…down 8 cents from last Monday.
Sugar stands at 18 cents per pound, and up a percentage point.
Heating oil is at 57.33 and climbing…up 11 cents from last week.
We had lots rain over the weekend that’ll impact test quality.
Timothy going up to $220 a ton…
Supreme going for 220 per ton
Premium 200
Good 170
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, I'm Jake Putnam