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Ag markets diverged significantly Tuesday
Corn futures reacted well to the Export Inspections data. Talk of harvest delays and production losses appeared to boost the corn market again Tuesday. Prices got added support from the USDA Export Inspections report, since the corn total topped increased forecasts. Bulls pushed December prices over their 40-day moving average, which triggered technical buying. December corn futures surged 11.0 cents to $3.57/bushel in late Tuesday trading, while May ran up 11.5 cents to $3.79.
Soy, wheat markets surged Tuesday
Spillover strength supported corn futures Tuesday. The latest forecasts point to cool mid-April temperatures, but they also imply a stretch of dryness. That may allow farmers to take advantage of the dry spell and get lots of corn planted, which weighed upon prices late this morning. However, strength spilling over from the wheat and soy markets apparently pulled prices upward. May corn settled up 0.75 cent to $5.0375/bushel Tuesday afternoon, while December skidded 0.25 to $5.0325.
Ag markets posted mixed closes ahead of Thursday's USDA reports
Traders were looking forward to Thursday’s USDA reports Wednesday. Expectations for a massive corn harvest have weighed heavily upon the market this summer. However, the possibility that tomorrow’s USDA Crop Production and WASDE reports will hold surprises apparently spurred short-covering ahead of their release. Thus, corn futures traded slightly higher. December corn futures closed up 1.5 cents to $3.4575/bushel Wednesday, while May rose 1.25 to $3.6675.
Ag markets moved mostly lower again Wednesday morning
Corn futures resumed their post-report decline Wednesday morning. Tuesday’s USDA reports implied record U.S. corn yield and harvest totals this fall. Futures reacted poorly to the news and couldn’t sustain overnight efforts to stabilize. Indeed, early morning announcements of fresh export sales also failed to push prices higher. Traders think the USDA forecasts are too low. September corn dipped 1.75 cents to $3.5675/bushel late Wednesday morning, while December lost 1.25 to $3.6775.
Alice Herrera Gamez
Alice Herrera Gamez 74, Moses Lake resident, was welcomed into Heaven on Tuesday, September 9, 2014 on her daughter's birthday (Rosa Maria Gamez). She died at home on a beautiful, sunny day, surrounded by her loving family. Viewing will begin at 1 O a.m., Monday, September 15th at The Assembly at Moses Lake with funeral services immediately following at 11:00 a.m. at the church. Interment will be at Guarding Angels Cemetery. 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 flailed around with little net movement Friday morning
Corn futures began Friday on a firm note. The annual USDA report on farmer enrollment in subsidy programs was published early this morning. They enrolled 83.322 million acres of corn, with 1.54 million classified as ‘prevent planted.’ Nearby futures rose modestly in response, since the indicated acreage totals seemed surprisingly small. September corn gained 4.0 cents to $3.66/bushel around midsession Friday, while December climbed 4.5 to $3.78.
Soy futures continued boosting crop prices Wednesday morning
The soy complex continues pulling crop prices higher. The corn harvest may have been slightly delayed by the latest Corn Belt weather system, but there’s little doubt it’s advancing rapidly. Nevertheless, CBOT futures are rising again today as talk of torrid soy demand sends that complex higher (and pulls the other crop markets upward in concert). December corn futures rose 3.75 cents to $3.6825/bushel late Wednesday morning, while May added 3.5 to $3.9025.
Ag markets ended Wednesday in decidedly mixed fashion
Corn futures posted a late-Wednesday comeback. Tuesday’s USDA reports implied record U.S. corn yield and harvest totals this fall, which weighed on CBOT futures Tuesday and again Wednesday. However, news of sizeable export sales boosted prices early today. Futures rallied from lower levels later in the day. September corn closed 0.5 cent lower at $3.58/bushel Wednesday, while December gained 0.75 to $3.6975.
US, Taiwan step up economic cooperation in new dialogue
TAIPEI, Taiwan (AP) — The U.S. and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island.
MLCA boys gear up for new season
MOSES LAKE - The Moses Lake Christian Academy (MLCA) boys basketball team is set to make another run at the North Central Washington 1B league and district championship.
Columbia Basin athletes score well at Invitational
PASCO - It may have not been a memorable day at the Pasco Invitational for the whole teams of Moses Lake, Ephrata, Quincy, and Othello high schools on Saturday.
Molahiettes host Dance/Drill Invite
MOSES LAKE - Glitter, pop music and the determination of teenagers from 15 Washington high schools met Saturday afternoon at the Moses Lake Dance/Drill Invite competition.
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.
Fresh News from MarDon
Fishers on Pothole Reservoir are enjoying some of the best catching we have seen in decades, both bank fishing and especially boat fishing. We are enjoying many anglers that we have not seen in over ten years, returning for the abundant yellow perch catches. Serious perch anglers are not keeping perch unless they are at least 10 inches in length. These are the classic JUMBO PERCH!
Ag markets moved mostly lower Monday
Reduced frost risk undercut the crop markets Monday. The lack of action in the Black Sea region probably depressed the grain markets today, but the early revision to the weather forecast seems more important at this point. That is, the anticipated freeze line on the weekend weather forecasts moved northward, thereby reducing the potential damage to the corn and soybean crops. December corn futures fell 7.75 cents to $3.4825/bushel at their Monday close, while May lost 7.25 to $3.695.
Ag markets moved mostly higher Tuesday morning
Corn futures are rallying Tuesday morning. Monday’s weekly USDA Crop Progress report stated the corn harvest as being just 31% complete, which apparently sparked a corn futures bounce from their overnight decline. Prospects for fine Midwest weather for harvesting through the end of the month may be limiting gains, but bulls are probably being joined by technicians. December corn futures rebounded 6.5 cents to $3.5475/bushel late Tuesday morning, while May climbed 6.5 to $3.77.
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.
Ag markets proved generally mixed Monday morning
Grain traders are probably squaring positions Monday morning. The corn market has recently suffered badly from prospects for a huge U.S. harvest and from U.S. dollar strength. Today’s Export Inspections result also looked rather bearish. Nevertheless, futures rose modestly this morning, which probably reflected widespread short-covering ahead of tomorrow’s quarterly Grain Stocks report. December corn futures gained 1.5 cents to $3.245/bushel in Monday morning action, while May bounced 1.25 to $3.455.
Lind-Ritzville graduates eager for next chapter
RITZVILLE - With high school officially behind them, the 45 graduates of Lind-Ritzville High School are ready for their next challenge.
Arts Soiree funds upcoming season
MOSES LAKE - Spring rain didn't dampen Grant County's support for the arts Friday evening, according to Columbia Basin Allied Arts Executive Director Pat Daugherty. The Arts Soiree hosted 160 ticket-holders for a night of music, food and high culture, Daugherty said - a 23 percent increase from last year's attendance.