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Crop markets weak, livestock prices plunging on Thursday
The Export Inspections data is weighing on the crop markets. The prospects of huge fall supplies depressed the grain and soy complexes Wednesday night. Today’s early USDA Export Sales report caused additional corn losses, since the results were near the lower end of forecast ranges. September corn slid 5.25 cents to $3.58/bushel late Thursday morning, while December slumped 4.5 to $3.6975.
Livestock led the ag markets lower Thursday
The Export Inspections data weighed on the crop markets. The prospects of huge fall supplies depressed the grain and soy complexes Wednesday night. The weekly USDA Export Sales report seemingly caused additional corn losses, since the results were near the lower end of forecast ranges. September corn slid 3.75 cents to $3.595/bushel late in Thursday’s pit session, while December slumped 3.0 to $3.7125.
Irene (Hjelm) Gamble
Irene (Hjelm) Gamble of Moses Lake passed away on August 1, 2014.
Maurine A. Steinbach
Maurine A. Steinbach, 87, a Moses Lake resident since 1993 passed away Friday, August 1, 2014 at Columbia Crest Care Center. Viewing will be held from noon to 7 p.m., Friday, August 8th at Kayser's Chapel with family greeting friends from 5 to 7 p.m. Graveside services will be held at 10 a.m., Saturday, August 9th at Guarding Angels Cemetery, 2595 Road L NE. Please sign the online guestbook or leave a note for the family at www.kayserschapel.com. Arrangements are in care of Kayser's Chapel & Crematory.
Ag markets turned mostly lower in early Tuesday trade
Corn futures are following soybeans lower Tuesday morning. The weekly USDA Crop Progress report indicated a 2% drop in good-to-excellent ratings for U.S. corn, which probably exceeded expectations. However, given the gains posted Monday and the surprisingly good soy result, corn futures followed the soy complex lower. September corn slid 3.75 cents to $3.55/bushel late Tuesday morning, while December lost 3.75 cents to $3.655.
Ag markets moved mostly higher Monday morning
The crop markets started the week strongly. Although the weather remains conducive to huge fall crops, crop futures bounced in Sunday night/Monday morning action. That seemingly reflected ideas that recent losses were overdone. The weekly Export Inspections report also indicated a strong corn sales total, which apparently offered additional support. September corn bounced 3.0 cents to $3.555/bushel by late Monday morning, while December gained 3.5 cents to $3.6575.
A man of many sides
ROYAL CITY - Tom Dent has been a rodeo cowboy, a pilot and a business man. Now he wants to be the 13th District representative in the state house of representatives.
Ag markets ended the week in mixed fashion
Corn futures remained under pressure Friday. Prospects for a huge fall crop rather obviously weighed upon corn prices again today, especially with Corn Belt rainfall now forecast for the next two weeks. The fact that nearby futures failed at their 10-day moving averages this week probably exaggerated CBOT selling. September corn settled 4.5 cents lower at $3.525/bushel Friday, while December lost 4.75 cents to $3.6225.
Ag turned decidedly mixed Friday morning
Corn futures remained under pressure Friday morning. Prospects for a huge fall crop are apparently weighing upon corn prices again today, especially with Corn Belt rainfall now forecast for the next two weeks. The fact that nearby futures failed at their 10-day moving averages this week is probably exaggerating current selling. September corn slid 1.25 cents to $3.5575/bushel late Friday morning, while December lost 1.5 cents to $3.655.
Ag markets remained mixed at midsession Thursday
The USDA’s Export Sales report discouraged corn traders. The weekly export sales report indicated a disappointing total for old crop corn sales, although the new crop total easily topped forecasts. The former apparently grabbed the attention of traders, as indicated by subsequent CBOT weakness. September corn dropped 3.75 cents to $3.58/bushel in late Thursday morning trading, while December lost 3.5 cents to $3.68.
Grant County leads Washington State in agriculture sales
MOSES LAKE - Grant County is the top agricultural seller in the state, according to the U.S. Department of Agriculture's latest ag census report.
Ag markets posted divergent moves again Thursday
The Export Sales report discouraged corn traders. The USDA report indicated a disappointing total for old crop corn sales, although the new crop total easily topped forecasts. The former apparently grabbed the attention of traders, as indicated by subsequent CBOT weakness. Superlative growing conditions are encouraging bears. September corn dropped 4.75 cents to $3.57/bushel in late Thursday trading, while December lost 4.5 cents to $3.67.
Ag markets suffered a general divergence Wednesday
Corn futures fluctuated around unchanged levels Wednesday. The corn market followed soybeans lower Tuesday night as improved weather forecasts weighed on prices. Ongoing U.S. dollar gains weren’t helpful either. However, news of a sizeable wheat sale to Nigeria boosted those markets, which in turn appeared to keep yellow grain prices stable through the end of the day. September corn settled up 0.25 cent at $3.6175/bushel Wednesday, while December rose 0.5 cent to $3.715.
David Virgil Adams (Papa)
David Virgil Adams (Papa), 92, a third-generation wheat farmer and cattle rancher of Coulee City, WA, passed away peacefully of natural causes in the presence of his true love of 43 years, at his town residence in Moses Lake on the morning of July 24, 2014.
Jerry Allen Van Ness
July 18, 1938 - July 20, 2014
Jerry was born July 18, 1938 in Ronan, Montana to George Allen Van Ness and Evaline Goings Van Ness. Jerry passed away July 20, 2014 at his new home in Moses Lake, Washington. Jerry was the second oldest of 11 children. He joined the Army at a young age and was honorably discharged in October 1961. Shortly thereafter, he married Alice Kelley. To that union were born two sons, Jeffrey and Jason. That marriage ended in divorce. Then in 1979 he married Charlotte Faye Osborne until her untimely passing in 2005. In 2006 he met Deanna Lavoie to which he lived with until his death.
Crop futures firmed Monday
Corn futures followed the soy markets higher. The prospect of a huge fall crop has badly depressed corn futures, but prices rebounded in concert with the soy complex Monday. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the markets. Traders were probably disappointed by the Export Inspections result, but futures acted well anyway. September corn gained 4.75 cents to $3.5775/bushel at their Monday close, while December rose 5.0 cents to $3.7675.
Crop markets generally strong at midday Monday
Corn futures have backed away from early highs around midsession Monday. The prospect of a huge fall crop has badly depressed corn futures, but prices are trying to rebound in concert with the soy complex. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the markets, but traders were probably disappointed by the Export Inspections result. September corn gained 2.25 cents to $3.6525/bushel late Monday morning, while December rose 2.5 cents to $3.7425.
Ag futures ended the week in decidedly mixed fashion
Corn futures posted a late bounce Friday afternoon. Large fall harvest prospects have recently exerted great pressure on the corn market, but concurrent slippage in the soy complex added weight this morning. A late statement from the U.S. Grains Council argued that China’s forthcoming rule on DDG imports is unworkable, which didn’t help the bullish cause. However, prices rebounded somewhat at the close, thereby seeming to reflect wheat strength, bottom picking and short-covering before the weekend. September corn settled up 1.5 cents to $3.63/bushel in late Friday trading, while December rose 2.25 cents to $3.7175.
Ag markets remained quite mixed at noon Friday
Corn futures dipped along with soy prices Friday morning. Large fall harvest prospects are exerting general pressure on the corn market, but concurrent slippage in the soy complex is also weigh on grains today. A late statement from the U.S. Grains Council argues that China’s forthcoming rule on DDG imports is unworkable; that may also be weighing on prices. September corn dipped 1.25 cents to $3.6025/bushel around midsession Friday, while December sagged 0.5 cent to $3.69.
