Cotton AWP/LDP 02/19 10:34
Cotton AWP/LDP 02/19 10:34
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 2019.00 2020 CCA LDP
Date Price Price Price Adj | Price Crop** Crop**
02/19/21 93.13 92.38 94.88 19.25 | 73.13 1.30 1.25 0.00 0.00
02/12/21 90.48 89.57 91.57 19.25 | 70.32 1.14 1.09 0.00 0.00
02/05/21 86.68 85.63 87.63 19.25 | 66.38 1.00 0.95 0.00 0.00
01/29/21 87.86 86.84 88.95 19.25 | 67.59 1.03 0.98 0.00 0.00
01/22/21 86.98 85.95 88.05 19.25 | 66.70 1.02 0.97 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
Portland Grain Review 02/23
February 23, 2021
Portland Price Trends
02-01-20 08-01-20 01-01-21 02-16-21 02-23-21
#1 SWW (bu) 6.25 5.60 6.65 7.40 7.50
White Club 7.75 6.00 6.90 7.40 7.50
DNS 14% 7.08 6.21 7.14 7.36 7.71
HRW 11.5% 6.17 5.71 7.38 7.63 7.47
#2 Corn (ton) 175.00 151.00 211.00 220.00 225.00
#2 Barley 140.00 130.00 145.00 160.00 160.00
Wheat..Another week and yet another new high in west coast white wheat
prices, as bids briefly moved about the $7.50 level on Monday. Sustained
export interest is holding exporter buying interest on the front side of
the market. New crop August white wheat bids are posted at a discount to
old crop, but nearing the $6.75 level.
Weekly Shipments...Weekly export inspections showed a subdued pace of
overall wheat shipments last week, as weather impacted movement over some
parts of the country. Total shipments came in at 11.9 mb compared to 15.4
mb the prior week, placing year-to-date totals at 652 mb and 2% behind a
year ago. Top shipper was white wheat with 6.2 mb, followed by hard red
winter at 2.9 mb and hard red spring with under a million bushels. China
was the top destination off west coast ports with 2.5 mb, Peru took 1.8
mb and Chile accounted for 1.2 mb.
-Norm Ruhoff Contributing Analyst
Copyright 2021 DTN/Telvent. All Rights Reserved.
DTN Midday Grain Comments 02/23 10:50
DTN Midday Grain Comments 02/23 10:50 Soybeans Surging Midday Tuesday Corn is 4 to 5 cents higher, soybeans are 34 to 36 cents higher and wheat is 2 to 4 cents lower. David M. Fiala DTN Contributing Analyst The U.S. stock market is weaker with the Dow down 50 points. The U.S. Dollar Index is 0.08 higher. Interest rate products are mixed. Energies are weaker with crude down $0.30. Livestock trade is mixed. Precious metals are weaker with gold down $5.50. CORN: Corn trade is 4 to 5 cents higher at midday Tuesday with trade building on the strong finish to Monday's trade and mixed spread action with spillover support from soybeans as the December contract scores new highs again. Ethanol production should start to recover as the country thaws further this week, with demand likely to rebound after a sharp contraction last week, while margins are supported by the energy complex. Trade will continue to look for further export-sale confirmations with the daily wire remaining quiet. Basis should remain sideways short term. Double crop planting in Brazil is well underway as well. On the March contract, support is the 20-day at $5.46 with the upper Bollinger Band at $5.62 as resistance. SOYBEANS: Soybeans is 33 to 35 cents higher at midday, with trade pushing 40 cents higher at times, and strong spread action and November soybeans scoring new highs. Meal is $6.50 to $7.50 higher and oil is 1.15 cents to 1.25 cents higher. Basis will likely remain flat at strong levels with slower movement as the export program winds down and a bigger focus is on crush margins, with improved weather for moving remaining soybeans. Brazil should catch rains short term for most with early harvest underway and behind the usual pace. Argentina action trending warmer and drier over the next week. November soybeans scored new highs along with December corn as they try to make a late acre push. The March chart has resistance at the fresh high at $14.25, with support the 20-day at $13.74. WHEAT: Wheat trade is 2 to 4 cents lower at midday with trade fading off the strong finish on Monday. The dollar is rebounding slightly while the U.S. thaws and Russia freezes. The dollar looks to be settling into a 90-91 range on the index and trade remains in the lower end of the range despite the rebound Tuesday morning. The Plains should see snow cover lift this week with sustained warmer weather likely to start growth, if it shows up across Kansas. KC is at 21-cent discount to Chicago; Minneapolis is at a 26-cent discount with steady action so far. KC March chart support is the 20-day at $6.29 and resistance is the upper Bollinger Band at $6.48. David Fiala can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (c) Copyright 2021 DTN, LLC. All rights reserved.
DTN Closing Grain Comments 02/23 13:53
DTN Closing Grain Comments 02/23 13:53 Soybean Oil, Canola Soar to New Highs May soybean oil closed up 1.15 cents at 48.37, its highest close for a May contract in seven years. Another oil, canola, finished at its highest spot price on record as both benefitted from strong world demand, tight supplies and a recent boost in crude oil prices.
FARM MARKET NEWS - CORN REPORT FOR Tue, February 23
FARM MARKET NEWS - CORN REPORT FOR Tue, February 23
Exchange rate was 1.2597 down 0.0003
Chicago corn closed steady to slightly higher.
MAR21 HI 5.59 1/2 DEC21 HI 4.74 1/4
LOW 5.50 LOW 4.68 1/4
CLOSE5.53 3/4 Up 2 3/4 CLOSE 4.69 3/4 Unchanged
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAY21+MAY21+JUL21
CK Low 1.45 6.99 275.09 0.95 5.65 222.33
CK High 1.45 6.99 275.09 0.95 5.65 222.33
CK Avg 1.45 0.01 6.99 275.09 0.95 -0.22 5.65 222.33
Essex Cty 1.45 6.99 275.09 0.95 5.65 222.33
Mdsx Low 1.45 6.99 275.09 0.95 5.65 222.33
Mdsx High 1.45 6.99 275.09 0.95 5.65 222.33
Mdsx Avg 1.45 0.01 6.99 275.09 0.95 -0.22 5.65 222.33
Hensall 1.47 7.00 275.74 0.97 5.66 222.99
Bruce 1.45 6.99 275.09 0.95 5.65 222.33
Putnam 1.45 6.99 275.09 0.95 5.65 222.33
Burford 1.45 6.99 275.09 0.95 5.65 222.33
Port Perry 1.50 7.04 277.05 0.95 5.65 222.33
Norfolk 1.45 6.99 275.09 0.95 5.65 222.33
Palmerston 1.44 6.98 274.69 0.97 5.67 223.12
Varna 1.45 6.99 275.09 0.95 5.65 222.33
Trenton 1.50 7.04 277.05 0.95 5.65 222.33
Winchester 1.50 7.04 277.05 1.40 6.10 240.05
North Gower 1.52 7.06 277.84 1.37 6.07 238.87
Vankleek Hil 1.60 7.14 280.99 1.11 5.81 228.63
Huron FOB 1.51 1.60 1.64 1.75 7.05 277.45 0.94 5.64 221.94
Kent FOB 1.60 7.14 280.99 1.05 5.75 226.27
Lamb FOB N/A 1.10 5.80 228.24
Mdsx FOB 1.60 1.60N/A N/A 7.14 280.99 1.05 5.75 226.27
FOB SW Que 2.17 7.71 303.43N/A
Track 1.80 7.33 288.67N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.30 6.00 236.11
Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.31 248.32
Aylmer-Eth N/A N/A N/A 1.95 1.25 5.95 234.14
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A 2.05 1.35 6.05 238.08
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A 2.30 1.60 6.30 247.92
W O Feed 1.98 7.52 296.03
US Rep 2.07 7.61 299.49
Toledo El. -0.09 5.45 214.53 -0.25 4.45 175.01
TRANSFER
Pt. Colb 1.95 7.49 294.77 1.35 6.05 238.08
Prescott N/A 1.55 6.25 245.95
HI SD CRN 1.45 6.98 3/4
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 23
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 23
Exchange rate was 1.2597 down 0.0003
Chicago soybeans closed slightly higher to higher.
MAR21 HI 14.25 NOV21 HI 12.31 1/4
LOW 13.80 3/4 LOW 12.08
CLOSE14.06 Up 22 1/4 CLOSE 12.22 Up 10 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR21+MAY21+MAY21
CK Low 3.30 17.36 637.87 2.85 15.07 553.73
CK High 3.38 17.44 640.81 2.85 15.07 553.73
CK Average 3.35 -0.24 17.41 639.59 2.85 -0.26 15.07 553.73
Essex Cty 3.35 17.41 639.71 2.75 14.97 550.05
Mdsx Low 3.35 17.41 639.71 2.83 15.05 552.99
Mdsx High 3.36 17.42 640.08 2.85 15.07 553.73
Mdsx Average3.36 -0.24 17.42 639.89 2.84 -0.27 15.06 553.36
Hensall 3.35 17.41 639.71 2.85 15.07 553.73
Bruce 3.35 17.41 639.71 2.85 15.07 553.73
Putnam 3.35 17.41 639.71 2.85 15.07 553.73
Burford 3.43 17.49 642.65 2.90 15.12 555.56
Port Perry 3.35 17.41 639.71 2.82 15.04 552.63
Norfolk 3.35 17.41 639.71 2.85 15.07 553.73
Palmerston 3.35 17.41 639.71 2.87 15.09 554.46
Varna 3.35 17.41 639.71 2.85 15.07 553.73
Trenton 3.30 17.36 637.87 2.80 15.02 551.89
Winchester 3.30 17.36 637.87 2.80 15.02 551.89
North Gower 3.25 17.31 636.03 2.85 15.07 553.73
Vankleek Hil3.16 17.22 632.73 2.69 14.91 547.85
Huron FOB 3.68 3.68 3.69 3.69 17.74 651.83 2.92 15.14 556.30
Kent FOB 3.50 17.56 645.22 2.85 15.07 553.73
Lambton FOB 3.55 17.61 647.06 3.05 15.27 561.08
Mdsx FOB 3.49 3.49 N/A N/A 17.55 644.85 2.92 15.14 556.30
PROCESSORS
Windsor 3.80 17.86 656.24 2.99 15.21 558.87
TRANSFER
Hamilton 3.90 17.96 659.92 3.30 15.52 570.26
Prescott N/A 3.26 15.48 568.79
Port Colborn3.77 17.83 655.14 3.33 15.55 571.36
Toledo El. -0.13 13.93 511.99 -0.44 11.78 432.81
Exchange rate was 1.2597 down 0.0003
Chicago wheat closed narrowly mixed.
MAR21 HI 6.67 3/4 JUL21 HI 6.59
LOW 6.56 1/2 LOW 6.49 1/4
CLOSE 6.65 3/4 Up 1 3/4 CLOSE 6.56 3/4 Down 1/4
Minni wheat closed slightly lower.
MAR21 HI 6.37 3/4 SEP21 HI 6.64 1/4
LOW 6.31 3/4 LOW 6.59 1/4
CLOSE 6.36 Down 1 3/4 CLOSE 6.63 1/4 Down 3/4
Direct MarkHarvest 2020 Harvest 2021
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 1.35 N/A N/A N/A 1.05 N/A
London 1.39 1.33 1.33 N/A 1.25 1.25 1.00 N/A
Hensall 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A
Bruce 1.35 1.45 1.35 1.40 1.25 1.30 1.10 1.30
Essex N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Norwich 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A
Kent Bridge 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Chatham N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Palmerston N/A 1.41 1.35 1.34 N/A 1.23 1.04 1.28
Varna 1.35 1.40 1.35 N/A 1.25 1.25 1.05 N/A
Mitchell 1.40 1.50 1.35 N/A 1.30 1.25 1.05 N/A
Thornton N/A N/A N/A 1.19 N/A N/A N/A N/A
North Gower N/A 1.25 1.25 0.95 N/A 1.00 1.00 1.15
W O Feed 2.00
TERMINAL
Port Colbor N/A N/A 1.78 N/A N/A N/A 1.35 N/A
PROCESSORS
Toledo FM N/A N/A 1.73 N/A N/A N/A 1.71 N/A
Toledo El. 6.66US 8.39CA 6.52US 8.21CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 624.47
DDG's FOB Srn & Aylm 360.00
DTN National HRS Index 02/23
USDA Daily Market Rates 02/24 06:15
USDA Daily Market Rates 02/24 06:15
Effective: February 24, 2021
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.) 02/24/2021
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU)
Wheat (BU)
MARKET HRW HRS SRW
SWW
AMA 6.11 */(17)
CIN 6.71 */(37)
EVN 6.83 */(38)
GLF 7.71 */(18) */(19) 7.66 */(39)
*/(20) */(21)
*/(22)
KCM 7.51 */(23) 6.80 */(40)
MEM 6.90 */(41)
MIN 7.46 */(24) */(25) 6.91 */(15)
PNW 7.63 */(26) 6.95 */(16)
7.54 */(43) */(44)
TOL 6.66 */(42)
6.66 */(45)
WCD 7.63 */(27) */(28)
7.39 */(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/24/2021
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 6.09 */(47)
CIN 5.78 */(48)
GLF 6.25 */(49) */(50) 4.40 */(1)
KCM 5.46 */(51) 4.05 */(2)
LOS 8.45 */(11) */A
MEM 5.96 */(52)
MIN 7.75 */(12) */B 5.28 */(53) 3.85 */(3) */(4)
*/(5)
PNW 8.10 */(13) */C 6.71 */(54) */(55) 3.91 */(6) */(7)
TKO 5.68 */(56) */(57)
TOL 5.47 */(58)
WCD 8.50 */(14) */D 7.00 */(59) 5.29 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM
*/B MIN DISCOUNT ($-0.75) FOR AMBER DURUM AND ($-1.15) FOR DURUM
*/C PNW DISCOUNT ($-0.85) FOR AMBER DURUM AND ($-1.25) FOR DURUM
*/D WCD DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/24/2021
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 14.28 */(60) 12.80 */(31)
GLF 14.84 */(61) */(62) 13.72 */(32)
*/(63) */(64)
*/(65)
KCM 14.11 */(66)
MEM 14.46 */(67) 9.15 */(33)
MIN 4.18 */(29) 13.61 */(68) */(69)
NCD 11.58 */(34)
PNW 4.28 */(30) 15.30 */(70)
SCD 11.58 */(35)
TKO 14.21 */(71)
TOL 13.96 */(72)
WCD 13.64 */(36)
COMMODITIES
BRL - Barley
HAD - Durum
HRS - Hard Red Spring
HRW - Hard Red Winter
OAT - Oats
SOR - Sorghum
SRW - Soft Red Winter
SWW - Soft White Wheat
YC - Yellow Corn
YSB - Yellow Soybeans
MARKET REGIONS
MIN - Minnesota Marketing Area
PNW - Pacific Northwest
WCD - West Coast Domestic
KCM - Kansas City Marketing Area
GLF - Gulf Marketing Area
LOS - Los Angeles, CA
AMA - Amarillo, TX
SCD - South Central Domestic
CIN - Cincinnati, OH
NCD - North Central Domestic
MEM - Memphis, TN
TOL - Toledo, OH
EVN - Evansville, IN
TKO - Decatur, IL
****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 02/24/2021 *****
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 -0.45 cents/bu (Effective 2/23/2021)
(2) KCM BRL differentials add -0.45 cents/bu (Effective 2/23/2021)
(3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017)
(4) MIN BRL differentials in MT add 0.00 cents/bu (Effective 6/25/2020)
(5) MIN BRL differentials add -0.25 cents/bu (Effective 2/23/2021)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013)
(7) PNW BRL differentials add 0.09 cents/bu (Effective 2/2/2021)
(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 -0.76 cents/bu (Effective 2/2/2021)
(11) LOS HAD differentials add -0.65 cents/bu (Effective 2/1/2021)
(12) MIN HAD differentials add -0.53 cents/bu (Effective 3/23/2020)
(13) PNW HAD differentials add -0.40 cents/bu (Effective 8/14/2020)
(14) WCD HAD differentials add -0.65 cents/bu (Effective 2/1/2021)
(15) MIN HRS differentials add -0.68 cents/bu (Effective 2/18/2021)
(16) PNW HRS differentials add -0.43 cents/bu (Effective 2/2/2021)
(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 NE add -0.05 cents/bu (Effective 7/17/2018)
(20) GLF HRW differentials in OK add 0.00 cents/bu (Effective 7/17/2018)
(21) GLF HRW differentials in CO add 0.00 cents/bu (Effective 5/6/2020)
(22) GLF HRW differentials add -0.67 cents/bu (Effective 2/3/2021)
(23) KCM HRW differentials add -0.96 cents/bu (Effective 2/9/2021)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.83 cents/bu (Effective 1/25/2021)
(26) PNW HRW differentials add -0.70 cents/bu (Effective 2/23/2021)
(27) WCD HRW differentials in CA add 0.00 cents/bu (Effective 6/25/2020)
(28) WCD HRW differentials add -0.90 cents/bu (Effective 2/19/2021)
(29) MIN OAT differentials add -0.51 cents/bu (Effective 2/22/2021)
(30) PNW OAT differentials add -0.53 cents/bu (Effective 2/22/2021)
(31) CIN SOR differentials add -0.35 cents/cwt (Effective 7/8/2020)
(32) GLF SOR differentials add -0.77 cents/cwt (Effective 2/11/2021)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add 0.00 cents/cwt (Effective 4/23/2020)
(35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019)
(36) WCD SOR differentials add 0.00 cents/cwt (Effective 2/3/2021)
(37) CIN SRW differentials add -0.03 cents/bu (Effective 12/31/2020)
(38) EVN SRW differentials add -0.20 cents/bu (Effective 2/11/2021)
(39) GLF SRW differentials add -0.51 cents/bu (Effective 2/17/2021)
(40) KCM SRW differentials add 0.12 cents/bu (Effective 2/18/2021)
(41) MEM SRW differentials add -0.04 cents/bu (Effective 11/20/2020)
(42) TOL SRW differentials add 0.15 cents/bu (Effective 2/16/2021)
(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 -0.30 cents/bu (Effective 9/22/2020)
(48) CIN YC differentials add -0.32 cents/bu (Effective 2/23/2021)
(49) GLF YC differentials in MN add 0.00 cents/bu (Effective 6/25/2020)
(50) GLF YC differentials add -0.47 cents/bu (Effective 2/19/2021)
(51) KCM YC differentials add 0.00 cents/bu (Effective 1/28/2021)
(52) MEM YC differentials add -0.39 cents/bu (Effective 1/22/2021)
(53) MIN YC differentials add 0.00 cents/bu (Effective 8/19/2020)
(54) PNW YC differentials in ND add 0.00 cents/bu (Effective 6/25/2020)
(55) PNW YC differentials add -0.69 cents/bu (Effective 2/18/2021)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 12/4/2020)
(57) TKO YC differentials add -0.13 cents/bu (Effective 2/23/2021)
(58) TOL YC differentials add 0.00 cents/bu (Effective 2/5/2021)
(59) WCD YC differentials add -0.84 cents/bu (Effective 7/30/2020)
(60) CIN YSB differentials add -0.23 cents/bu (Effective 2/23/2021)
(61) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017)
(62) GLF YSB differentials in MS add 0.05 cents/bu (Effective 12/2/2020)
(63) GLF YSB differentials in LA add 0.05 cents/bu (Effective 12/2/2020)
(64) GLF YSB differentials in AL add 0.05 cents/bu (Effective 12/2/2020)
(65) GLF YSB differentials add -0.51 cents/bu (Effective 2/18/2021)
(66) KCM YSB differentials add -0.16 cents/bu (Effective 2/11/2021)
(67) MEM YSB differentials add -0.40 cents/bu (Effective 2/4/2021)
(68) MIN YSB differentials in WI add 0.09 cents/bu (Effective 1/14/2021)
(69) MIN YSB differentials add 0.12 cents/bu (Effective 2/12/2021)
(70) PNW YSB differentials add -0.91 cents/bu (Effective 2/17/2021)
(71) TKO YSB differentials add -0.22 cents/bu (Effective 2/3/2021)
(72) TOL YSB differentials add -0.27 cents/bu (Effective 12/10/2020)
MINOR OILSEEDS
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
02/24/2021 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 24.51
AUG 24.51
CAR 25.17
COL 19.00
COR 19.00
FAR 24.11 20.10
GFK 28.00
GLD 19.75
GRF 22.00 18.75 28.00
PAR 20.00
RDW 25.71 29.46
RIC 19.00
VEL 25.86
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)
02/24/2021. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 20.25 16.25 18.20 9.20
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
MARKETING LOAN GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m.
Eastern Time, Friday, 02/19/21,
through midnight Eastern Time, Thursday, 02/25/21:
AWP = 73.13 cents per pound
FCA 2019 crop = 1.30 cents per pound
FCA 2020 crop = 1.25 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, CCA, and LDP announcement will be at 4:00 p.m.
Eastern Time, Thursday, 02/25/21.
The following world prices of rice are effective from 02/24/21 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 03/03/21 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
_____________________________________________________________________
.
2019 CROP
. World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 18.06 11.09 . 15.63 0.00
Med/Short 17.71 10.50 . 15.50 0.00
Broken 11.46 6.11 . na na
_____________________________________________________________________
.
2020 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 17.98 11.10 . 15.58 0.00
Med/Short 17.61 10.45 . 15.27 0.00
Broken 11.41 6.45 . na na
_____________________________________________________________________
The above prices are based on the following loan rates, world prices
and milling yields per hundredweight of rough rice:
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 6.86 11.40 . 53.46/15.26
Med/Short 7.16 12.16 . 63.50/8.00
2020 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.02 11.50 . 55.65/13.10
Med/Short 6.94 11.76 . 59.40/11.40
DTN Early Word Grains 02/24 05:57
DTN Early Word Grains 02/24 05:57 Grain Rally Continues Led by Soy Complex March corn is up 2 1/4 cents per bushel, May soybeans are up 12 1/4 cents, and May KC wheat is up 1 1/2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: March corn is up 2 1/4 cents per bushel, May soybeans are up 12 1/4 cents, and May KC wheat is up 1 1/2 cents. CME Globex Recap: Steady to firmer equity markets around the globe overnight as U.S. markets stabilize from the volatility witnessed the previous session. Investors have taken solace from comments by Fed Chair Powell about keeping monetary conditions loose, but tech stocks have been hit by a solid bout of weakness in recent sessions. The rotation out of technology stocks and into assets which benefit from an inflationary environment has noteworthy. Energy markets are higher overnight with spot crude oil back above the $62.00 level. Natural gas continues its retreat from last week's shortage-induced spike with spot prices trading around $2.82 vs. $3.30 last Thursday. The U.S. Dollar Index is beginning to trade sideways above the 90-handle level with the 50-day moving average just overhead. Copper prices continue to see new multi-year highs on a daily basis and are adding to gains overnight. Grains are firmer across the board overnight with the soybeans and meal once again leading gains. Most signs point toward a retest of contract highs for soybean prices. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 15.66 at 31,537.35 and the S&P 500 up 4.87 at 3,876.50 while the 10-Year Treasury yield ended at 1.362%. Early Wednesday, the March DJIA futures are up 14 points. Asian markets are lower with Japan's Nikkei 225 down 484.33 (-1.61%) and China's Shanghai Composite down 72.28 points (-1.99%). European markets are higher with London's FTSE 100 down 6.04 points (-0.09%), Germany's DAX up 102.68 points (0.74%) and France's CAC 40 up 5.89 points (0.1%). The March Euro is up 0.002 at 1.220 and the March U.S. dollar index is down 0.027 at 90.140. The March 30-Year T-Bond is down 13/32nds, while April gold is up $1.80 at $1,807.70 and April crude oil is up $0.43 at $62.10. Soybeans on China's Dalian Exchange were up 0.66% while soybean meal was up 2.59% and corn was up 0.28%.
DTN Weather Trend Indicators 02/24 09:05
DTN Weather Trend Indicators 02/24 09:05 Weather Indicator status values are: Corn=Up Soybeans=Up Wheat=Neutral LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral
