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:
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March CBOT Wheat is at $6.17, up 20 cents,
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KCBT Wheat is at $5.85 1/2, up 22 cents,
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Mar 21 MGEX Wheat is at $5.72, up 10 cents,
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Over in
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Blackfoot
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- Soft White Wheat
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4.86
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up 14
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- Hard Red Winter
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5.47
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up 20
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- DNS 14%
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5.45
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up 5
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- Hard White
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5.47
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up 20
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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