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Grain Market Comments  09/30/14 12:02:14 PM

Market News

Wheat is taking a slow and steady stroll down bearish lane this morning as we wait for the USDA’s stocks report to come out. All wheat the trade estimates are 2,037 million bushels of production with a range of 2,004-2,075 million bushels. White wheat trade estimates are 201 million bushels with a range of 193-213 million bushels of production. Yesterday’s crop progress showed winter wheat plantings at 43% complete 7% points ahead of the average.  The U.S Dollar is rallying new highs keeping us out of priced on the world market.
USDA stock report numbers:
ALL Wheat: 1.91 Billion Bushels up 2% from last September.
On Farm Stocks: 722 Million Bushels, Increase of 30% from last September.
 White Wheat: 184 Million Bushels down from last Septembers number of 225 Million bushels.

The MCP Annual Meeting will be October 22nd at Sherman High School in Moro, Oregon. Dinner will be prepared by Paradise Rose Chuckwagon and serving will begin at 6:00 pm. The meeting will begin at 7:00 pm. Our speaker this year will be Bud Riedner. Bud is the manager of The McCoy Grain Terminal, LLC located in Rosalia, WA. Bud's career in grain trading began in 1990 in the Pacific North West.  Hope to see you all there.                                                                                                                                                                                                                                                                                                                                                                                      

    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.     ;o) 


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