Portland Grain Review 10/10
October 10, 2019
Portland Price Trends
10-01-18 01-01-19 09-01-19 10-03-19 10-10-19
#1 SWW (bu) 6.15 6.15 5.70 5.97 6.00
White Club 6.15 6.15 5.70 5.97 6.40
DNS 14% 6.67 6.59 5.67 6.52 6.95
HRW 11.5% 6.36 6.39 5.20 5.54 5.57
#2 Corn (ton) 157.00 168.00 162.00 172.00 169.00
#2 Barley 140.00 140.00 140.00 150.00 150.00
Wheat...The post-report retreat across the wheat futures complex today
pressured west coast wheat markets, but basis levels continued to firm on
all the wheats. White wheat bids reflected the impact of recent Chinese
buying, holding above the $6 mark through the week. Excess moisture on
unharvested club wheat acreage also boosted club wheat premiums over the
past week, with premiums climbing to 50 cents over soft white wheat. This
marks the largest premiums for club wheat since 2015/16 when high protein
limited marketable supplies.
Weekly Sales...USDA showed a rebound in total U.S. wheat export demand
over the past week, supported by a large white wheat purchase from China.
Total sales of 19.2 mb were 35% above the four-week average, putting the
tally at 493 mb; 16% ahead of a year ago and on-track with the five-year
average pace for early October. Top seller was soft white wheat at 8.2
mb; putting year-to-date sales at 95 mb which sets 13% behind a year ago
and 2% behind average. Hard red winter booked 5.5 mb to put current year
sales at 185 mb, standing 49% ahead of a year ago and 9% above average.
Hard red spring garnered 2.8 mb and with 133 mb in sales, sets 4% ahead
of a year ago but 10% behind the average pace.
Top Buyers...China was the notable top buyer over the past week with
4.8 mb of white wheat. Taiwan booked 4 mb, followed by South Korea at
2.9 mb, Mexico with 2.3 mb and the Philippines with 2.1 mb.
-Norm Ruhoff Contributing Analyst
Copyright 2019 DTN/Telvent. All Rights Reserved.
Cotton AWP/LDP 10/11 10:35
Cotton AWP/LDP 10/11 10:35
Weekly cotton Fine Count Price and Adjustment data.
| Fine Fine
FE Trans | Count Count
FE Fine Coarse & | Adj Adj Adj
Week Count FE Count Qual | World 2018 2019 CCA LDP
Date Price Price Price Adj | Price Crop** Crop**
10/11/19 73.45 71.15 69.45 17.25 | 53.90 0.00 0.00 0.00 0.00
10/04/19 72.87 70.61 68.97 17.25 | 53.36 0.00 0.00 0.00 0.00
09/27/19 72.65 70.44 68.85 17.25 | 53.19 0.00 0.00 0.00 0.00
09/20/19 74.03 71.87 70.50 17.25 | 54.62 0.04 0.00 0.00 0.00
09/13/19 71.65 69.53 68.25 17.25 | 52.28 0.08 0.00 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
FARM MARKET NEWS - CORN REPORT FOR Mon, October 14
FARM MARKET NEWS - CORN REPORT FOR Mon, October 14
Bank of Canada Noon exchange rate was 1.3224 up 0.0046
Chicago corn closed slightly lower to steady.
DEC19 HI 4.02 1/2 DEC20 HI 4.11 1/2
LOW 3.93 1/4 LOW 4.08
CLOSE3.97 3/4 Unchanged CLOSE 4.09 1/2 Down 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +DEC19+MAR20+MAR20
CK Low 1.25 5.23 205.80 0.90 5.00 196.64
CK High 1.25 5.23 205.80 0.90 5.00 196.64
CK Avg 1.25 -0.02 5.23 205.80 0.90 -0.32 5.00 196.64
Essex Cty 1.25 5.23 205.80 0.90 5.00 196.64
Mdsx Low 1.25 5.23 205.80 0.90 5.00 196.64
Mdsx High 1.25 5.23 205.80 0.90 5.00 196.64
Mdsx Avg 1.25 -0.02 5.23 205.80 0.90 -0.32 5.00 196.64
Hensall 1.28 5.25 206.78 0.90 5.00 196.64
Bruce 1.25 5.23 205.80 0.85 4.95 194.68
Putnam 1.25 5.23 205.80 0.90 5.00 196.64
Burford 1.25 5.23 205.80 0.90 5.00 196.64
Port Perry 1.35 5.33 209.73 0.90 5.00 196.64
Norfolk 1.25 5.23 205.80 0.90 5.00 196.64
Palmerston 1.21 5.19 204.22 0.84 4.94 194.28
Varna 1.25 5.23 205.80 0.85 4.95 194.68
Trenton 1.30 5.28 207.77 0.85 4.95 194.68
Winchester 1.33 5.31 208.95 1.03 5.13 201.76
North Gower 1.40 5.38 211.70 1.10 5.20 204.52
Huron FOB 1.35 5.33 209.73 0.90 5.00 196.64
Kent FOB 1.30 5.28 207.77 0.90 5.00 196.64
Lamb FOB 1.35 5.33 209.73 1.05 5.15 202.55
Mdsx FOB 1.25 1.25 1.40 1.45 5.23 205.80 1.00 5.10 200.58
FOB SW Que 2.43 6.41 252.25N/A
Track 1.93 5.90 232.37N/A
PROCESSORS
Chat-Eth N/A N/A 1.56N/A 1.22 5.32 209.24
Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.50 216.33
Aylmer-Eth 1.80N/A 1.50 1.55 5.78 227.45 1.20 5.30 208.45
Sarn-Eth 1.40 1.40N/A N/A 5.38 211.70N/A
London-Ing N/A N/A 1.70 1.70 1.25 5.35 210.42
Pt.Colb-Ing N/A N/A N/A N/A N/A*
Cardnl-Ing 1.95N/A 1.70N/A 5.93 233.36 1.30 5.40 212.39
W O Feed 2.48 6.46 254.14
US Rep 2.07 6.05 238.08
Toledo El. 0.33 4.31 169.60 -0.26 3.83 150.81
TRANSFER
Pt. Colb 1.50 5.48 215.64N/A
Prescott 1.55 5.53 217.61N/A
MID SD CRN 1.25 5.22 3/4
HI SD CRN 1.25 5.22 3/4
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 14
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 14
Exchange rate was 1.3224 up 0.0046
Chicago soybeans closed mixed.
NOV19 HI 9.45 1/2 NOV20 HI 9.75
LOW 9.30 1/2 LOW 9.66 3/4
CLOSE9.40 1/2 Up 4 1/2 CLOSE 9.73 1/2 Up 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +NOV1+JAN2+JAN20
CK Low 2.19 11.60 426.042.05 11.79 433.02
CK High 2.20 11.61 426.412.10 11.84 434.86
CK Average 2.20 -0.6311.60 426.352.08 -0.7911.82 434.25
Essex Cty 2.20 11.61 426.412.10 11.84 434.86
Mdsx Low 2.17 11.58 425.312.03 11.77 432.29
Mdsx High 2.20 11.61 426.412.10 11.84 434.86
Mdsx Average 2.19 -0.6411.59 425.862.07 -0.8111.80 433.58
Hensall 2.15 11.56 424.572.10 11.84 434.86
Bruce 2.15 11.56 424.572.05 11.79 433.02
Putnam 2.20 11.61 426.412.10 11.84 434.86
Burford 2.24 11.65 427.882.10 11.84 434.86
Port Perry 2.19 11.60 426.042.05 11.79 433.02
Norfolk 2.20 11.61 426.412.10 11.84 434.86
Palmerston 2.16 11.57 424.942.10 11.84 434.86
Varna 2.10 11.51 422.742.10 11.84 434.86
Trenton 2.20 11.61 426.412.10 11.84 434.86
Winchester 2.20 11.61 426.412.15 11.89 436.70
North Gower 2.28 11.69 429.352.26 12.00 440.74
Huron FOB 2.15 11.56 424.572.20 11.94 438.54
Kent FOB 2.20 11.61 426.412.10 11.84 434.86
Lambton FOB 2.20 11.61 426.412.20 11.94 438.54
Middlesex FOB2.30 2.30 N/A N/A 11.71 430.092.13 11.87 435.96
PROCESSORS
Windsor 2.57 11.98 440.012.55 12.29 451.40
TRANSFER
Hamilton 2.65 12.06 442.952.55 12.29 451.40
Prescott 2.50 11.91 437.43 N/A
Port Colborne2.67 12.08 443.68 N/A
Toledo El. -0.36 9.05 332.46-0.46 9.27 340.70
Exchange rate was 1.3224 up 0.0046
Chicago wheat closed narrowly mixed.
DEC19 HI 5.15 JUL20 HI 5.28
LOW 5.06 3/4 LOW 5.20 1/2
CLOSE 5.11 Up 3 CLOSE 5.24 1/2 Up 2 1/4
Minni wheat closed slightly higher.
DEC19 HI 5.52 3/4 SEP20 HI 5.88 1/2
LOW 5.45 1/2 LOW 5.83 1/2
CLOSE 5.52 Up 4 CLOSE 5.88 1/4 Up 4 1/2
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.11 2.31 1.98 1.38
CAD $/bu 7.22 7.42 7.09 6.90
CAD $/tonne 265.30 272.59 260.44 253.64
Direct MarkHarvest 2019 Harvest 2020
DELIVERED BASIS DELIVERED BASIS
Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)
ELEVATORS
Brgssvll N/A N/A 1.65 N/A N/A N/A 1.20 N/A
London 1.76 2.02 1.63 N/A 1.34 1.54 1.21 N/A
Hensall 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Trenton N/A N/A 1.65 N/A N/A N/A 1.30 N/A
Bruce 1.75 2.00 1.60 1.50 1.40 1.60 1.20 1.05
Essex N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Norwich 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Port Hope N/A N/A 1.70 N/A N/A N/A 1.30 N/A
Kent Bridge 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Chatham N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Brigden N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Palmerston N/A N/A 1.64 1.38 N/A N/A 1.29 1.03
Varna 1.75 2.05 1.65 N/A 1.40 1.60 1.20 N/A
Mitchell 1.75 1.95 1.65 N/A 1.40 1.60 1.20 N/A
Thornton N/A N/A N/A 1.29 N/A N/A N/A N/A
North Gower N/A 2.00 1.70 1.15 N/A 1.82 1.47 1.00
W O Feed 2.28
TERMINAL
Port Colbor 2.10 2.37 2.03 N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A N/A 2.24 N/A N/A N/A 1.69 N/A
Toledo El. 5.29US 7.00CA 5.25US 6.93CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.62 1.89 1.56 1.10
CAD $/bu 6.87 7.13 6.80 6.98
CAD $/tonne 252.32 262.04 249.90 256.57
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 524.60
DDG's FOB Srn & Aylm 220.00 - 235.00
DTN Closing Grain Comments 10/14 14:03
DTN Closing Grain Comments 10/14 14:03 Soybeans, Wheat Finish Higher; Corn Stays Quiet November soybeans and all three wheats finished higher Monday after crops were afflicted by winter conditions in the northwestern U.S. Plains over the weekend. December corn was unchanged on the day, a curious response to a weekend where crop loss took place.
DTN National HRS Index 10/14
DTN Early Word Grains 10/15 05:56
DTN Early Word Grains 10/15 05:56 Grain Setback on Lack of Trade Details December corn is down 1 cent per bushel, November soybeans are down 1/4 cent, and December K.C. wheat is down 2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 1 cent per bushel, November soybeans are down 1/4 cent, and December K.C. wheat is down 2 cents. CME Globex Recap: Global equity markets are mostly higher overnight with investors shifting focus from U.S.-China trade to 'Brexit,' even if for the moment. The EU's chief negotiator said a new withdrawal deal between the U.K. and EU is still possible this week, although time is running thin. Data out overnight included Chinese inflation statistics which showed the strongest inflation in six years as the pork shortage continues to drive up the cost of living. The nearly 70% rise in Chinese pork prices from a year earlier is an astounding figure, and the acceleration from the last few months proves the People's Republic of China still does not have a handle on African Swine Fever. Grain markets are weaker across the board, easing back from the highs made Monday which included several multi-month highs. Traders are anxiously awaiting producers return to the fields and additional harvest activity so a better assessment on yields can be made. For those in the Northern Plains, progress will be nil the rest of this week as they wait on snow to melt from the fields. Ag prices will remain sensitive to any details about the U.S.-China trade deal, although without confirmation from the USDA or hard details from financial media, our markets could begin discounting the odds of the deal happening in 2019. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 29.23 at 26,787.36 and the S&P 500 down 4.12 at 2,970.27 while the 10-Year Treasury yield ended at 1.733%. Early Tuesday, the December DJIA futures are up 93 points. Asian markets are mixed with Japan's Nikkei 225 up 408.34 (1.87%) and China's Shanghai Composite down 16.84 points (-0.56%). European markets are higher with London's FTSE 100 down 5.82 points (-0.08%), Germany's DAX up 54.12 points (0.43%) and France's CAC 40 up 26.44 points (0.47%). The December Euro is down 0.002 at 1.110 and the December U.S. dollar index is up 0.030 at 98.200. The December 30-Year T-Bond is up 15/32nds, while December gold is up $1.70 at $1,499.30 and November crude oil is down $1.13 at $52.46. Soybeans on China's Dalian Exchange were up 0.18% while soybean meal was up 0.5%.
USDA Daily Market Rates 10/15 06:48
USDA Daily Market Rates 10/15 06:48
DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Effective: October 15, 2019
The following Market Rates are established to aid in the development of the
Posted
County Prices (PCPs) which are used by county Farm Services Agency (FSA)
Offices for loan redemption
purposes. Uses of these rates for other purposes may not be appropriate.
Questions concerning the grain, pulses and oilseed market values should be
directed to:
Agricultural Marketing Service/Warehouse & Commodity Management
Division/Commodity Management Branch
at: (816) 926-3816
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/15/2019
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU) Wheat
(BU)
MARKET HRW HRS SRW SWW
AMA 4.00 */(17)
CIN 5.00 */(37)
EVN 5.30 */(38)
GLF 5.60 */(18) */(19) 5.73 */(39)
*/(20) */(21)
*/(22)
KCM 5.06 */(23) 4.88 */(40)
MEM 5.32 */(41)
MIN 5.10 */(24) */(25) 6.08 */(15)
PNW 5.70 */(26) 6.53 */(16) 6.02
*/(43) */(44)
TOL 5.29 */(42) 5.29
*/(45)
WCD 5.70 */(27) */(28) 5.87
*/(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/15/2019
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 4.38 */(47)
CIN 3.88 */(48)
GLF 4.28 */(49) */(50) 3.69 */(1)
KCM 3.90 */(51) 3.34 */(2)
LOS 6.95 */(11) */A
MEM 3.94 */(52)
MIN 6.50 */(12) */B 3.54 */(53) 3.14 */(3) */(4)
*/(5)
PNW 6.60 */(13) */C 4.98 */(54) */(55) 3.65 */(6) */(7)
TKO 4.10 */(56) */(57)
TOL 4.23 */(58)
WCD 7.00 */(14) */D 5.43 */(59) 5.08 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.90) FOR DURUM
*/B MIN DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.30) FOR DURUM
*/C PNW DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.30) FOR DURUM
*/D WCD DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.90) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/15/2019
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 9.11 */(60) 6.72 */(31)
GLF 9.66 */(61) */(62) 7.64 */(32)
*/(63) */(64)
*/(65)
KCM 8.96 */(66)
MEM 9.16 */(67) 6.33 */(33)
MIN 3.44 */(29) 8.81 */(68) */(69)
NCD 6.57 */(34)
PNW 3.56 */(30) 10.18 */(70)
SCD 6.75 */(35)
TKO 9.14 */(71)
TOL 9.09 */(72)
WCD 9.46 */(36)
COMMODITIES
YC - Yellow Corn
YSB - Yellow Soybeans
SOR - Sorghum
HRW - Hard Red Winter
SRW - Soft Red Winter
SWW - Soft White Wheat
HRS - Hard Red Spring
HAD - Durum
OAT - Oats
BRL - Barley
MARKET REGIONS
MIN - Minnesota Marketing Area
PNW - Pacific Northwest
TKO - Decatur, IL
CIN - Cincinnati, OH
AMA - Amarillo, TX
TOL - Toledo, OH
WCD - West Coast Domestic
KCM - Kansas City Marketing Area
MEM - Memphis, TN
GLF - Gulf Marketing Area
SCD - South Central Domestic
NCD - North Central Domestic
EVN - Evansville, IN
LOS - Los Angeles, CA
****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 10/15/2019 *****
POSTED COUNTY PRICE DIFFERENTIAL INFORMATION (Cents per bushel except as noted)
UNTIL FURTHER NOTICE THE TERMINAL MARKETS LISTED BELOW WILL HAVE DIFFERENTIALS
ADJUSTED AS FOLLOWS:
(1) GLF BRL differentials add 0.03 cents/bu (Effective 10/1/2019)
(2) KCM BRL differentials add 0.03 cents/bu (Effective 10/1/2019)
(3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017)
(4) MIN BRL differentials in MT add 0.04 cents/bu (Effective 8/28/2017)
(5) MIN BRL differentials add 0.22 cents/bu (Effective 10/1/2019)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013)
(7) PNW BRL differentials add 0.20 cents/bu (Effective 10/15/2019)
(8) WCD BRL differentials in ID add 0.03 cents/bu (Effective 3/7/2016)
(9) WCD BRL differentials in MT add -0.02 cents/bu (Effective 8/2/2017)
(10) WCD BRL differentials add -0.70 cents/bu (Effective 10/15/2019)
(11) LOS HAD differentials add -0.40 cents/bu (Effective 6/13/2018)
(12) MIN HAD differentials add -0.53 cents/bu (Effective 10/1/2019)
(13) PNW HAD differentials add -0.20 cents/bu (Effective 6/13/2018)
(14) WCD HAD differentials add -0.40 cents/bu (Effective 6/13/2018)
(15) MIN HRS differentials add -0.57 cents/bu (Effective 10/15/2019)
(16) PNW HRS differentials add -0.68 cents/bu (Effective 10/15/2019)
(17) AMA HRW differentials add 0.00 cents/bu (Effective 10/4/2018)
(18) GLF HRW differentials in KS add 0.00 cents/bu (Effective 10/5/2017)
(19) GLF HRW differentials in CO add -0.05 cents/bu (Effective 7/17/2018)
(20) GLF HRW differentials in NE add -0.05 cents/bu (Effective 7/17/2018)
(21) GLF HRW differentials in OK add 0.00 cents/bu (Effective 7/17/2018)
(22) GLF HRW differentials add -0.71 cents/bu (Effective 10/10/2019)
(23) KCM HRW differentials add -0.58 cents/bu (Effective 10/3/2019)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.57 cents/bu (Effective 9/25/2019)
(26) PNW HRW differentials add -0.87 cents/bu (Effective 10/10/2019)
(27) WCD HRW differentials in CA add 0.03 cents/bu (Effective 8/22/2016)
(28) WCD HRW differentials add -1.07 cents/bu (Effective 9/23/2019)
(29) MIN OAT differentials add -0.40 cents/bu (Effective 10/8/2019)
(30) PNW OAT differentials add -0.40 cents/bu (Effective 8/27/2019)
(31) CIN SOR differentials add -0.43 cents/cwt (Effective 8/8/2019)
(32) GLF SOR differentials add -0.58 cents/cwt (Effective 10/1/2019)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add -0.12 cents/cwt (Effective 9/10/2019)
(35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019)
(36) WCD SOR differentials add -1.75 cents/cwt (Effective 10/11/2019)
(37) CIN SRW differentials add -0.02 cents/bu (Effective 9/17/2019)
(38) EVN SRW differentials add -0.30 cents/bu (Effective 10/10/2019)
(39) GLF SRW differentials add -0.44 cents/bu (Effective 10/8/2019)
(40) KCM SRW differentials add 0.19 cents/bu (Effective 10/8/2019)
(41) MEM SRW differentials add -0.40 cents/bu (Effective 10/1/2019)
(42) TOL SRW differentials add -0.35 cents/bu (Effective 7/11/2019)
(43) PNW SWW differentials in ID add 0.00 cents/bu (Effective 6/2/2017)
(44) PNW SWW differentials add -0.28 cents/bu (Effective 11/8/2017)
(45) TOL SWW differentials add -0.05 cents/bu (Effective 9/30/2019)
(46) WCD SWW differentials add -0.27 cents/bu (Effective 6/15/2016)
(47) AMA YC differentials add -0.10 cents/bu (Effective 7/23/2019)
(48) CIN YC differentials add 0.00 cents/bu (Effective 10/8/2019)
(49) GLF YC differentials in MN add -0.02 cents/bu (Effective 9/3/2019)
(50) GLF YC differentials add -0.01 cents/bu (Effective 10/10/2019)
(51) KCM YC differentials add -0.04 cents/bu (Effective 9/10/2019)
(52) MEM YC differentials add 0.00 cents/bu (Effective 10/8/2019)
(53) MIN YC differentials add 0.00 cents/bu (Effective 11/20/2018)
(54) PNW YC differentials in ND add -0.02 cents/bu (Effective 2/27/2017)
(55) PNW YC differentials add -0.50 cents/bu (Effective 10/11/2019)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 4/3/2018)
(57) TKO YC differentials add -0.07 cents/bu (Effective 10/10/2019)
(58) TOL YC differentials add -0.32 cents/bu (Effective 9/12/2019)
(59) WCD YC differentials add -0.80 cents/bu (Effective 6/18/2019)
(60) CIN YSB differentials add -0.10 cents/bu (Effective 10/10/2019)
(61) GLF YSB differentials in AL add 0.04 cents/bu (Effective 10/17/2017)
(62) GLF YSB differentials in LA add 0.04 cents/bu (Effective 10/17/2017)
(63) GLF YSB differentials in MS add 0.04 cents/bu (Effective 10/17/2017)
(64) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017)
(65) GLF YSB differentials add -0.32 cents/bu (Effective 10/8/2019)
(66) KCM YSB differentials add -0.18 cents/bu (Effective 10/8/2019)
(67) MEM YSB differentials add -0.26 cents/bu (Effective 8/20/2019)
(68) MIN YSB differentials in WI add 0.10 cents/bu (Effective 6/13/2019)
(69) MIN YSB differentials add -0.05 cents/bu (Effective 10/11/2019)
(70) PNW YSB differentials add -0.79 cents/bu (Effective 10/10/2019)
(71) TKO YSB differentials add -0.39 cents/bu (Effective 9/9/2019)
(72) TOL YSB differentials add -0.46 cents/bu (Effective 8/5/2019)
MINOR OILSEEDS
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
10/15/2019 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 13.18
AUG 13.18
CAR 13.84
COL 19.00
COR 19.00
FAR 16.96 18.53
GFK 26.00
GLD 18.30
GRF 22.00 16.07 26.00
PAR 20.00
RDW 14.38 16.96
RIC 19.00
VEL 14.53
COMMODITIES: MARKETS:
CAN - CANOLA ARL - ARLINGTON, GA
CRA - CRAMBE AUG - AUGUSTA, GA
RAP - RAPESEED CAR - CARRINGTON, ND
FLX - FLAX COL - COLUSA, CA
SEM - SESAME SEED COR - CORCORAN, CA
SUN - SUNFLOWER SEEDS (OIL TYPE) FAR - FARGO, ND
SAF - SAFFLOWER GLD - GOODLAND, KS
MUS - MUSTARD (INCLUDES): GFK - GRAND FORKS, ND
YMU - YELLOW GRF - GREAT FALLS, MT
BMU - BROWN PAR - PARIS, TX
CMU - ORIENTAL RDW - RED WING, MN
XMU - MIXED RIC - RICHMOND, CA
VEL - VELVA, ND
PULSES
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
10/15/2019. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 13.75 9.75 13.00 7.90
COMMODITIES: MARKETS:
CHL - LARGE CHICKPEAS
CHK - SMALL CHICKPEAS USP - United States Pulses
LEN - LENTILS
PEA - PEAS*
YPE - YELLOW
GPE - GREEN
* ALSO INCLUDES, WRINKLED, DRY, WINTER DRY (AUSTRIAN WINTER),
MISCELLANEOUS (MARROWFAT - TYPE PEAS), MIXED.
COTTON PRICES
UPLAND COTTON ADJUSTED WORLD PRICE (AWP), FINE COUNT ADJUSTMENT (FCA), COARSE
COUNT ADJUSTMENT (CCA), and
MARKET GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m. Eastern Time,
Friday, 10/11/19, through
midnight Eastern Time, Thursday, 10/17/19:
AWP = 53.90 cents per pound
FCA 2018 crop = 0.00 cents per pound
FCA 2019 crop = 0.00 cents per pound
CCA = 0.00 cents per pound
LDP Rate = 0.00 cents per pound, subject to allowable fine count or coarse
count adjustment.
The next scheduled AWP, FCA, and CCA announcement will be at 4:00 p.m.Eastern
Time, Thursday, 10/17/19.
The following world prices of rice are effective from 10/09/19 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 10/16/19 at 7:00 am eastern time.
. Rates Per Hundredweight Rough
Rates Per Pound For . Rice for Farm-Stored and
Milled Rice Kernels . Warehouse Loans and LDPs
_____________________________________________________________________
.
2018 CROP
. World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 13.56 10.08 . 12.35 0.00
Med/Short 13.06 9.67 . 12.13 0.00
Broken 8.18 6.14 . na na
_____________________________________________________________________
.
2019 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 14.18 11.09 . 13.28 0.00
Med/Short 13.85 10.50 . 12.92 0.00
Broken 8.55 6.11 . na na
_____________________________________________________________________
The above prices are based on the following loan rates, world prices
and milling yields per hundredweight of rough rice:
2018 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 6.26 8.41 . 53.56/14.05
Med/Short 6.68 9.01 . 64.00/8.00
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.00 9.05 . 55.55/13.69
Med/Short 7.00 9.28 . 61.11/9.51
DTN Weather Trend Indicators 10/15 09:03
DTN Weather Trend Indicators 10/15 09:03
Weather Indicator status values are:
Corn=Down
Soybeans=Down
Wheat=Down
LEGEND:
The indicator choices are: Corn, Soybeans, Wheat
The status choices are: Up, Down, Neutral
For example: Corn=Neutral
(ES)
DTN Midday Grain Comments 10/15 11:12
DTN Midday Grain Comments 10/15 11:12 Grains Trending Lower at Midday Quiet mostly lower trade at midday. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is firmer with the Dow up 260. The dollar index is 20 lower. Interest rate products are firmer. Energies are mixed with crude down $0.40. Livestock trade is mixed with hogs sharply higher. Precious metals are weaker with gold down $12.00. CORN Corn trade is 2 to 3 cents lower with harvest pressure and overbought conditions encouraging a pull back at midday. Harvest will remain slow but should show progress through the end of the week before wetter weather returns to the east. The ethanol margins have improved to start the week with ethanol futures lower this morning with idled plants still needing a return to harvest basis to restart. Basis remains flat to weaker with anticipation of more inbound bushels soon. South American corn planting is running behind normal. Weekly export inspections remain soft at 470,612 metric tons. Weekly crop progress is expected to show slightly lower conditions with maturity still well behind normal. On the December contract support is at the 10-day at $3.91, and resistance the upper Bollinger Band at 4.03. SOYBEANS Soybeans are narrowly mixed with trade still chopping around the upper end of the range with overbought conditions and harvest pressure battling improved nearby demand. Meal is 2.00 to 3.00 lower and oil is 60 to 70 points higher. Crush margins remain good. Economically, U.S. export competitiveness remains improved, but remains at a steep currency disadvantage to South America with harvest needed to boost competitiveness. Bean basis is should see pressure as combines roll through midweek before rains return. South America should make more progress this week and into the second half of the months with some weather issues remaining and planting pace solidly behind. Weekly crop progress is expected show slightly lower conditions and maturity still well behind normal, with export inspections softer at 954,881 metric tons, along with 142,579 metric tons. On the November chart support is the 200-day at $9.10 with the upper Bollinger band at 9.45, and the spike high at 9.45 3/4 as resistance. WHEAT Wheat trade is 3 to 6 cents lower at midday with trade giving back the Monday gains with little fresh news. The Chicago/Kansas City December spread is 85 cents with choppy action continuing with mostly steady to slightly wider. Remaining spring wheat harvest will likely be stopped with the incoming cold front. The corn/HRW spread has widened back to 28 cents from 13 cents at the recent low, working wheat back out of rations. Export action continues to be dominated by Black Sea origin with weekly inspections range bound at 462,651 metric tons. Weekly crop progress should show winter wheat planting and emergence inline with average. The December Kansas City chart support is the $4.07-4.11 area where the 10,20, and 50-day moving averages are clustered with the upper Bollinger Band at 4.22 as resistance, then the 4.27 3/4 recent high. David Fiala is a DTN contributing analyst and the President of FuturesOne and a registered adviser. He can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (CZ) Copyright 2019 DTN/The Progressive Farmer. All rights reserved.
