Wheat markets are up slightly this morning, mostly on a technical bounce from yesterday’s sell off. News of French and German quality is slowly trickling in, with one analyst stating test weights between 52-56LBS and falling numbers below 150. If the quality continues to decline, the EU imports of corn will decline as they switch to feeding wheat. The overall trend still continues to be bearish, but basis continues to be historically high, so keep an eye on the bid sheets for possible basis plays.
Beginning August 1st wheat settlements and contracts will reflect an at the river one cent per bushel barge freight increase for each location. Barley barge freight will also increase at each location beginning August 1st. Freight rates for barley are charged per ton and are as follows: The Dalles $13.36 Biggs $14.32 Arlington $15.44. Harvest Elevator Hours:
Hours may vary by location please check with your local elevator for current operating hours. If you have any changes to splits, new land lords, or any other changes - Now is the time to update info - before your first truck is on the scale. Harvest 2014 Housekeeping: