Summer Work Schedule Service Center 7:30 – 5:00 Mon-Fri 7:30 – 12:00 Saturdays
All other locations 8:00 – 5:00 Mon-Fri 8:00 – 12:00 Saturdays
Check with your local branch for extended hours during fertilizer, planting & harvest seasons
The wheat market closed sharply higher at $5.76 as fund short covering hit the market due to dry/warm weather maps for the US Southern Plains HRW areas and wet cool maps for US SRW areas that can ultimately damage quality and yield. The wheat crop conditions report was a little mixed this week with Kansas down 2 % to 39% good to excellent while Colorado was up 3%, and Nebraska was also down 2%. Currently wheat is down a penny while corn is unchanged, and soybeans are down 3 ahead of the USDA report set to come out at 11 a.m. Brazil’s soybean harvest has slowed just a bit as they are at 68% complete compared to 73% last year which could support the U.S. soybean market. Export inspections came in higher than estimates yesterday at 656 thousand metric tons, a five-week best. Corn and wheat lagged behind coming in at 762 and 322 thousand metric tons respectively.
March 1 Grain Stocks (bln bu): Avg Est / Est Range / March 1 2014 Corn: 7.609 / 7.459-7.800 / 7.008 Beans: 1.346 / 1.273-1.404 / 0.994 Wheat: 1.140 / 1.083-1.200 / 1.057 Prospective Plantings (mln ac): Avg Est / Est Range / Ag Forum Corn: 88.7 / 87.0-89.7 / 89.0 Beans: 85.9 / 83.1-88.0 / 83.5 Winter Wheat: 40.7 / 40.4-42.0 / N/A All Wheat: 55.8 / 54.95-56.8 / 55.5
Strong winds and low relative humidity covered the northern and eastern Plains and western Midwest regions Wednesday, leading to a red flag warning for many areas. Scattered showers and thundershowers spread from the southeast plains to the west and north Delta and the southwest Midwest Wednesday. Dry elsewhere in the key growing areas. Temperatures ranged from the 30s F over the northern Canadian Prairies to the upper 80s over the southwest Plains and west Texas. » More DTN Weather Commentary
Grain is purchased during Market hours between 8:30 am -1:10 pm. Grain offers after the close will be placed in the night session which operates from 7:00 pm - 7:45 am. Our Cash Bids on this website are based on an electonic CBOT 15 minute delayed quote and are subject to change without notice. Phone 785-336-6153 or Toll Free 877-336-6153