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Weekend market report: Corn, wheat steady

Idaho Farm Bureau's Podcast

English - August 21, 2020 02:00 - 2 minutes - 1.94 MB - ★★★★ - 6 ratings
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Good Friday morning!

It’s a warm 62 degrees this morning in Boise and the Treasure Valley. It's a warm 62 in Poky a bit cooler in IF. Northern Idaho, 60…. WE have warm temps but we’ll have cooler temps this coming week. Perfect harvest weather.

Corn is staying steady with all that storm damage in the Midwest. Sep 20 Corn opens at $3.27, up a few more cents

Hard red wheat futures joined Soft Red futures in the black with the morning bell today. HardRed futures climbed back from losses yesterday but open 4 cents higher. HRedSpring wheat opens the day with 3 cent gains. Soft Red Winter futures open up 6 cents and are climbing now. The national average cash price for SoftRedWinter wheat is $5.02/bu according to cmdtyView.  That's a modest gain.

Over in Blackfoot:
- Soft White Wheat | 4.11 | up 1
- Hard Red Winter | 3.94 | up 2
- DNS 14% | 4.58 | unchanged
- Hard White | 3.94 | up 2

Milk prices open up at $19.60 per hundredweight, losing 4 cents this past week.

At the opening bell, front-month live cattle futures are down $.50 cents. August fats fell back 45 cents and closed at $107-dollars. Feeder cattle futures open the day with 12 cent losses in the front months. August feeders open at $143.42, that's about a $0.62 premium to the day lagged the index. The August 19 Feeder Cattle Index from CME was $142.80, up by 18 cents.

All grades of Alfalfa hay remain steady. There's still A lack of higher testing; there’s still a lot of rained-on hay has put pressure on the market. 

Supreme going for 190 per ton

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