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Grain Market Comments  10/23/14 4:51:30 PM



Market News
Wheat prices are appreciating small gains as spill over buying from the Soybean markets help support price. Export sales came in at 11 million bullish below the 12 million need to stay on pace with USDA’s estimates. The recent run up in the futures market can mostly be contributed to short covering and technical trading. Tomorrow Stu Wright Cenex’s Lube manger will be at the Moro marketing to discuss Lube and other fuel related questions.    ***The deadline to set basis or amend December Base Price Contracts is November 14th at 11:00 am. The good news is basis has stayed very strong. Keep and eye on spreads if you intend to move your contracts out.  



 PORTLAND TRUCKS: Please refer to the Cash SWW bid Sheet for current truck pricing.  


Beginning October 25th The Seed Plant hours will be 8 am to Noon on Saturdays.  
Monday through Friday hours will stay 8 am to 5 pm.  
 

                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                    


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. 


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?
 



Regular 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     joe@mcpcoop.com       karissa@mcpcoop.com     ;o) 
 

 

 
 
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