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Grain Market Comments  04/17/14 11:44:29 AM

April 17th marketing meeting in Albany has been cancelled. 


NOTE: 
Futures Markets will be closed Thursday and Friday for Good Friday, but will open again Sunday Nite.

Women's Marketing Meeting

Mid Columbia Producers will be hosting a women's marketing meeting Wednesday April 30th at noon. The meeting will be at the Sherman County Senior Center in Moro, Oregon. If you are interested in attending please call to RSVP 541-565-3737 please ask for The Grain Department.

Please leave a good contact number.  Please leave an email address if you would like a reminder.

Thank you, 

Verna 

Market News

Drought conditions in the Western Great Plains continues. Most of Kansas is locked in the grip of drought conditions, but will crops be harmed? Water restrictions, pasture losses, and potential crop losses are the word of the day for that region. The Mid West is looking for breaks in precipitation to continue planting. In the Delta and South East mixed conditions some areas expecting rains others should see some clearing improving opportunities for field work. Export sales: Wheat 29.3mb total with 16.1mb for old crop above the needed to stay on pace, however shipments were 20.4mb below the 29.6mb needed, overall the report is neutral for wheat. Corn was also viewed as neutral having nice sales, some shifting of sales from China to other destinations as China has not taken delivery again this week. Soybeans has bullish numbers with sales and shipments above the needed.   Strategie Grains lowered it's estimate of The EU's soft white production by 500,000 mt to 137.2 million tons. Lower acreage was cited as the main culprit. Dry weather in France, Southern Germany, and Czech Republic may threaten production if rains do not materialize. Italy, Portugal, and Hungary have revised corn acreages lower.    Note: Futures markets will be closed Thursday night April 16th and re-open Sunday night April 20th. There will be no cash markets Friday April 18th. Have a great weekend. 

 

Harvest 2014 Housekeeping:
  • Has there been any changes to your entity name?
  • Do you have any new land lords?
  • Do you need to update your farm splits?
  • Does your information with us match the information given to FSA and your insurance agent?
  • Would you like your grain settlements via direct deposit instead of a check?
 



Elevator Hours:       

The Dalles        8 am to 4 pm Monday through Friday

Biggs                 8 am to 4 pm Monday through Friday.

Arlington           8 am to 4 pm Monday through Friday


Please communicate with MCP elevator staff regarding special circumstances.

 
Grain Marketing:

Chicago Futures trade until 11:15 am each day; Except on market holidays OR if markets are interrupted due to unforeseen circumstances. 

The cash market times are as follows; unless interrupted or delayed due to unforeseen circumstances:
  • 9:30 am to 12:00 pm for the morning session
  • 2:30 pm to 5:00 pm for the afternoon session

Futures trading hours are as follows; unless interrupted due to unforeseen circumstances or it is a trading holiday:

  • 6:30 am - 11:15 am Pacific Time, Monday - Friday
  • 5:00 pm-5:45 am Pacific Time Sunday - Friday morning. No trade Friday evening.

For all grain marketing needs please call the Moro Office at  541-565-3737 and ask for the grain department.
Posted bids can be found by clicking on the "Cash Grain Bids" link. 
Bids are posted twice daily.  
Bids are also emailed twice daily. If you would like to be added to our email list feel free to contact us.
Call for the most current bids.

 

debra@mcpcoop.com      matt@mcpcoop.com      verna@mcpcoop.com  ;o) 
 

 

 
 
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