Monday market report: 2nd day of double digit gains in wheat market
Good Monday morning…
It’s 21 degrees this morning in the Treasure Valley we’ve had scattered snow. And a cool 18 in Poky, 16 in IF, Northern Idaho, it’s 30 this morning in CDA and a bit colder in Sandpoint…. Afternoon temps will hit the 30s and 40’s.
On to the markets:
At the CBOT open corn futures are at $4.24, up 3 cents.
The big story this morning is the second day of double-digit gains in the wheat market. All this in response to the USDA report:
March CBOT Wheat is at $6.17, up 20 cents, |
KCBT Wheat is at $5.85 1/2, up 22 cents, |
Mar 21 MGEX Wheat is at $5.72, up 10 cents, |
Over in
Blackfoot |
||
- Soft White Wheat |
4.86 |
up 14 |
- Hard Red Winter |
5.47 |
up 20 |
- DNS 14% |
5.45 |
up 5 |
- Hard White |
5.47 |
up 20 |
Milk inching up, now trading at $15.82 per hundredweight this morning, up 3 cents from Friday.
Fat cattle futures open 55 to 92 cents higher. Front-month feeder cattle futures open off the highs, where gains topped triple digits, but still ended up by at least 20 cents. The CME Feeder Cattle Index is 9 cents lower to $137.11. The bulk of the week’s cash sales is $107-$108.
Idaho Hay, supreme quality trading at $160, good quality going for $140 demand steady.
That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam
Still can't find what you are looking for? Find by topic:
- Achievement Award (YF&R)
- Actions Alerts
- Advocacy
- Ag Ambassadors
- American Farm Bureau
- American Farm Bureau Policy Book
- Archive Photos
- Articles
- Board of Directors
- Calendar - State/District
- Calendar - County
- Capitol Reflections
- Collegiate Chapters
- Committee Application Form
- Commodities
- Convention Annual
- County Presidents & Board Information
- County Resource Page
- Delegate Form
- Discount Programs
- Discussion Meet
- Discussion Meet - High School
- Education Programs
- Events
- Excellence Award (YF&R)
- Expense Voucher
- Flickr
- Gem State Producer
- High School Discussion Meet
- High School Speech Contest
- Hope in Idaho Ag
- House of Delegates Credentials Form
- IFBF Board of Directors
- IFBF Policy Book
- IFBF Staff
- Insurance
- Legislative Action Program
- Legislative Issues
- Library
- MAC Trailer
- Magazines
- Map My Benefits
- Member Benefits
- Member Discount
- Membership Application
- Mental Health Resources
- Mission Statement
- Moving Agriculture to the Classroom
- Newsletter Sign up
- News Releases
- News Room
- Open Range Law