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Bears made presence felt in the ag markets Thursday afternoon
Corn futures dipped on China talk Thursday. Corn futures followed soybeans higher Wednesday night and seemed likely to keep rising after the weekly Export Sales report stated the new-crop result far above expectations. However, rumors that China will insist that U.S. DDGs shipped to that country be certified free of an unapproved GMO trait apparently undercut the market. September corn settled 1.0 cent lower at $3.615/bushel late Thursday, while December sagged 1.25 cents to $3.695.
Ag markets proved surprisingly changeable Thursday morning
Corn futures dipped on China talk Thursday morning. Corn futures followed soybeans higher Wednesday night and seemed likely to keep rising after the weekly Export Sales report stated the new-crop result far above expectations. However, rumors that China will insist that U.S. DDGs shipped to that country be certified free of an unapproved GMO trait apparently undercut the market. September corn sank 0.25 cents to $3.6225/bushel late Thursday morning, while December sagged 0.5 cent to $3.7025.
12 cows fall off cliff, die near Soap Lake
SOAP LAKE - A dozen cows died Sunday morning after falling off a rock cliff and onto the shoulder of state Route 17 about 10 miles north of Soap Lake.
Antonius "Toon" Loos
Antonius "Toon" Loos, 52, a resident of Royal City passed away peacefully surrounded by family at Samaritan hospital on Friday, July 11, 2014. 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, Moses Lake.
Antonius "Toon" Loos
Antonius "Toon" Loos, 52, a resident of Royal City passed away peacefully surrounded by family at Samaritan hospital on Friday, July 11, 2014.
Eugene R. (Gene) Busby
Eugene R. (Gene) Busby passed away Wednesday, July 2, 2014 at home.
Corn futures end Wednesday lower
Corn futures ended the day with lower quotes. That marked the seventh consecutive session of weakness. The corn prices fell to the lowest since August 2010 on a continuous chart. The market was depressed by the ideal crop weather conditions as the crop moves into pollination. However, talk of sizeable export sales to unknown destinations and Japan limited the sustained losses. Traders are anticipating USDA to raise the yield to an average of 166.8 from USDA’s estimate at 165.3 in June. September corn dropped 7.00 cents to $3.9125/bushel, while December dove 6.25 cents to $3.98.
Grant County leads Washington state in agricultural 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.
FrogHollow Band built with varied personalities
ROYAL CITY – There's more than music to the FrogHollow Band, which will command the main stage Friday, July 11, at the annual Royal City SummerFest.
Summerfest's FrogHollow Band
ROYAL CITY - There's more than music to the FrogHollow Band, which will command the main stage Friday, June 27, at the annual Royal City SummerFest.
Ag markets began Wednesday's trading in mixed fashion
Favorable conditions continued depressing corn futures Tuesday night. Although China announced overnight that it will increase its domestic grain storage capacity by 50 million tonnes, that apparently did little to support corn futures. Prospects for a bumper autumn harvest reportedly dragged yellow grain prices lower once again. July slid 2.5 cents to $4.405/bushel early Wednesday morning, while December declined 2.75 to $4.38.
Washington State Horse Park focuses on growth in 2014
CLE ELUM - The Washington State Horse Park is off to a busy season start, and the calendar doesn't show signs of things slowing down anytime soon.
Ag markets diverged Wednesday morning
Big ethanol production may be boosting corn futures. Corn futures bounced from fresh five-month lows yesterday and remained strong overnight. Bulls were probably pleased as well by the weekly EIA report stating last week’s ethanol production at a record high (due to rising gasoline prices). July corn gained 4.0 cents to $4.4275/bushel by late Wednesday morning, while December added 1.75 cents to $4.4125.
Janéa Holmquist Newbry: from the trenches of Olympia
President Dwight D. Eisenhower once said that farming looks mighty easy when your plow is a pencil and you're a thousand miles from the fields.
Crop futures began the week rather poorly, but livestock markets looking up
DDG news sent corn futures lower Monday. Current weather forecasts continue pointing to ideal U.S. conditions, which weighed upon corn futures today. However, Sunday night news that China has stopped issuing import permits for U.S. distillers grains (ddg) apparently exaggerated the losses. July corn dove 8.0 cents to $4.51/bushel at their Monday close, while December lost 7.75 cents to $4.50.
Ag markets diverged again Thursday
Weather news continued weighing on corn futures Thursday. The weekly USDA Export Sales report seemed supportive of CBOT corn prices, but the market suffered moderate across-the-board losses today. Ultimately, improved Midwest weather and prospects for a huge fall crop are depressing prices. July corn slumped 7.25 cents to $4.49/bushel at its Thursday settlement, while December slid 6.25 cents to $4.4725.
Ag markets took some rather divergent paths Wednesday
Favorable crop prospects seemed to renew pressure on CBOT corn Wednesday. Talk that recent corn and wheat losses will reinvigorate demand boosted those markets Tuesday night, but yellow grain increases prices couldn’t be sustained. Traders apparently resumed their recent sales in response to the favorable moisture situation across the Corn Belt. July corn slipped 2.0 cents to $4.5625/bushel in late Wednesday trading, while December slid 0.75 cent to $4.535.
Ag markets ended Monday on a decidedly mixed note
Corn futures seemed to post a technical bounce Monday. The ag markets started this week rather poorly as forecasts for favorable spring weather continued weighing on prices. The weekly Export Inspections report didn’t seem very supportive, but nearby corn futures bounced from early lows. Beans led the rebound, but it apparently had a technical component as well. July corn settled 0.25 cent lower at $4.655/bushel Monday, while December bounced 1.0 cent to $4.585.
Elden "Bill" Richardson
Elden "Bill" Richardson, 85, of Moses Lake, passed away peacefully at home in his sleep on May 17, 2014. Bill bravely battled cancer for the past nine months. Bill was strong in his faith of seeing Jesus and didn't let anyone feel sorry for him. He was uplifting and jovial with all who visited.
Ag markets were decidedly mixed again Thursday morning
Weather forecasts are again weighing on corn prices. Although corn futures followed the bean market higher yesterday, bulls couldn’t sustain the upward momentum despite signs of potential technical support. Ultimately, favorable spring weather is pointing to a good fall harvest, which in turn is weighing on prices. July corn slumped 4.5 cents to $4.68/bushel late Thursday morning, and December lost 4.0 cents to $4.655.