M.C.G.G. ~ Grain Market Report

*Duane Disque :   Department Manager    email: duaned@mcgg.net
             *Brian Peiler :   Grain Merchandiser / Risk Manager   email:
brianp@mcgg.net
*Marc Gaffrey:   Assistant Grain Manager   email: marcg@mcgg.net

Ph: (541) 989-8221    ~      Toll Free: 1-800-452-7396    ~   fax: (541) 989-8229 
 
MCGG is a full service Grain Merchandiser with
Brokerage Services for CHS Hedging, Inc in our Lexington Office


Portland Grain Prices:  Monday, May 20, 2013 2:20 p.m.

 Grain trading hours for MCGG:  8:30am to 11:15am, 1:00pm to 4:30pm Monday thru Thursday.
Friday's - 8:30am to 11:15am, no afternoon markets.

MONTH SWW HRW* DNS**
MAY $7.78 CALL CALL
JUNE $7.82 CALL CALL
JULY $7.75 $8.45 $9.21
AUGUST $7.57 $8.40 $9.04
SEPTEMBER $7.60 $8.45 $8.99
OCTOBER $7.65 $8.60 $9.04
NOVEMBER $7.65 $8.66 $9.08
DECEMBER $7.70 $8.71 $9.11
JANUARY $7.75 $8.86 $9.17
FEBRUARY $7.80 $8.88 $9.17
MARCH $7.82 $8.91 $9.19
 

All bids are basis coast for delivery to any MCGG elevator. May fuel surcharge is 28%. *HRW Basis 11.5 Protein. Market scale time of shipping period. **DNS Basis 14% Protein. Market scale time of shipping period.

Futures

       
CBT WHT - JUL KC WHT - JUL MPLS WHT - JUL CORN - JUL
685 1/4  +2 745  +7 3/4 811 1/4  +7 1/2 649 1/2 -3 1/4
       

 

Market Commentary:  Wheat rebounded modestly to finish the day in the black, while corn was today's laggard finishing the day slightly down in the front months.  This afternoon the USDA corn planting progress came in at 71% vs. 60-65% expected as farmers utilized the reasonable planting weather the prior week.  With rumblings that corn crops may be down 2 to 4 million acres coupled with a potential yield loss of 6% to 8% may have contributed to the support of the corn market.  The 6 to 10 day forecast calls for rain in much of the Upper Midwest which may affect the continued planting progress.  Wheat planting progress came in at 67%, 9 points shy of the five year average.  News that Saudi Arabia's wheat harvest could drop by 80 tmt to 700 tmt for 2013 contributed to the midday rebound.  The Northwest continued to see winter wheat conditions deteriorate over the past week falling 4% in Washington and 3% in Oregon into the good from excellent categories.  Technically, CME July wheat nearby support is $6.70 and resistance is $7.30.  SWW cash bids steady.

All bids are subject to negotiation. Please call for confirmation.
The information contained in this letter is taken from sources deemed reliable, but not guaranteed on accuracy or completeness and is for informational purposes only.

 

 

 

Quote Ticker
  • HARD RED SPRING WHEAT (Jul 13) 805'4 -5'6 5/21/13   1:09 AM CST
  • HARD RED SPRING WHEAT (Sep 13) 793'4 -5'6 5/21/13   1:09 AM CST
  • HARD RED SPRING WHEAT (Dec 13) 805'6 4'6 5/20/13   1:31 PM CST
  • HARD RED SPRING WHEAT (Mar 14) 817'2 5'4 5/20/13   1:31 PM CST
  • HARD RED SPRING WHEAT (May 14) 819'2 5'6 5/20/13   1:31 PM CST
  • WHEAT (Jul 13) 690'0 2'0 5/20/13   1:24 PM CST
  • WHEAT (Sep 13) 712'4 1'6 5/20/13   1:24 PM CST
  • WHEAT (Jul 13) 679'6 -5'4 5/21/13   1:25 AM CST
  • WHEAT (Sep 13) 687'6 -5'0 5/21/13   1:09 AM CST
  • WHEAT (Dec 13) 703'4 -5'0 5/21/13   1:09 AM CST
  • HARD RED WINTER WHEAT (Jul 13) 733'2 7'6 5/20/13   1:34 PM CST
  • HARD RED WINTER WHEAT (Sep 13) 769'0 6'0 5/20/13   1:34 PM CST
  • HARD RED WINTER WHEAT (Dec 13) 802'0 4'6 5/20/13   1:34 PM CST
  • CORN (Jul 13) 642'2 -7'2 5/21/13   1:26 AM CST
  • CORN (Sep 13) 545'2 -9'2 5/21/13   1:25 AM CST
  • CORN (Dec 13) 514'0 -6'2 5/21/13   1:26 AM CST
  • LIVE CATTLE (Jun 13) 120.150 0.725 5/20/13   1:10 PM CST
  • LIVE CATTLE (Aug 13) 119.200 0.600 5/20/13   1:10 PM CST
  • LIVE CATTLE (Jun 13) 120.900 0.775 5/21/13   1:23 AM CST
  • LIVE CATTLE (Aug 13) 119.850 0.700 5/21/13   12:47 AM CST
  • LIVE CATTLE (Oct 13) 123.200 0.725 5/21/13   12:29 AM CST
  • FEEDER CATTLE (May 13) 132.600 0.075 5/21/13   1:18 AM CST
  • FEEDER CATTLE (Aug 13) 145.400 0.925 5/21/13   1:13 AM CST
  • FEEDER CATTLE (Sep 13) 147.725 0.900 5/20/13   11:25 PM CST
  • OATS (Jul 13) 376'6 -12'2 5/20/13   1:19 PM CST
  • OATS (Sep 13) 357'4 -9'4 5/20/13   1:19 PM CST
  • OATS (Dec 13) 355'0 -5'2 5/20/13   1:19 PM CST
  • FEEDER CATTLE (May 13) 132.500 - 1.375 5/20/13   1:10 PM CST
  • FEEDER CATTLE (Aug 13) 144.475 1.100 5/20/13   1:10 PM CST
  • FEEDER CATTLE (Sep 13) 146.825 1.125 5/20/13   1:10 PM CST
  • CORN (Jul 13) 649'0 -3'2 5/20/13   1:23 PM CST
  • CORN (Sep 13) 554'6 -1'4 5/20/13   1:23 PM CST
  • CORN (Dec 13) 519'4 0'6 5/20/13   1:23 PM CST
  • HARD RED SPRING WHEAT (Jul 13) 805'4 -5'6 5/21/13   1:09 AM CST
  • HARD RED SPRING WHEAT (Sep 13) 793'4 -5'6 5/21/13   1:09 AM CST
  • HARD RED SPRING WHEAT (Dec 13) 805'6 4'6 5/20/13   1:31 PM CST
  • SOFT RED SPRING WHEAT INDEX (May 13) 659'0 2'0 5/20/13   1:47 PM CST
  • SOFT RED SPRING WHEAT INDEX (Jun 13) 664'0 2'0 5/20/13   1:47 PM CST
  • SOFT RED SPRING WHEAT INDEX (Aug 13)     CST
 
Quotes
Name Exchg Last Chg Time
HARD RED SPRING WHEAT (@MW3N) MGE 805'4 -5'6 1:09A
HARD RED SPRING WHEAT (@MW3U) MGE 793'4 -5'6 1:09A
HARD RED SPRING WHEAT (@MW3Z) MGE 805'6 4'6 1:31P
HARD RED SPRING WHEAT (@MW4H) MGE 817'2 5'4 1:31P
HARD RED SPRING WHEAT (@MW4K) MGE 819'2 5'6 1:31P
WHEAT (W3N) CBOT 690'0 2'0 1:24P
WHEAT (W3U) CBOT 712'4 1'6 1:24P
WHEAT (@W3N) CBOT 679'6 -5'4 1:25A
WHEAT (@W3U) CBOT 687'6 -5'0 1:09A
WHEAT (@W3Z) CBOT 703'4 -5'0 1:09A
HARD RED WINTER WHEAT (KW3N) KCBT 733'2 7'6 1:34P
HARD RED WINTER WHEAT (KW3U) KCBT 769'0 6'0 1:34P
HARD RED WINTER WHEAT (KW3Z) KCBT 802'0 4'6 1:34P
CORN (@C3N) CBOT 642'2 -7'2 1:26A
CORN (@C3U) CBOT 545'2 -9'2 1:25A
CORN (@C3Z) CBOT 514'0 -6'2 1:26A
LIVE CATTLE (LC3M) CME 120.150 0.725 1:10P
LIVE CATTLE (LC3Q) CME 119.200 0.600 1:10P
LIVE CATTLE (@LE3M) CME 120.900 0.775 1:23A
LIVE CATTLE (@LE3Q) CME 119.850 0.700 12:47A
LIVE CATTLE (@LE3V) CME 123.200 0.725 12:29A
FEEDER CATTLE (@GF3K) CME 132.600 0.075 1:18A
FEEDER CATTLE (@GF3Q) CME 145.400 0.925 1:13A
FEEDER CATTLE (@GF3U) CME 147.725 0.900 11:25P
OATS (O3N) CBOT 376'6 -12'2 1:19P
OATS (O3U) CBOT 357'4 -9'4 1:19P
OATS (O3Z) CBOT 355'0 -5'2 1:19P
FEEDER CATTLE (FC3K) CME 132.500 - 1.375 1:10P
FEEDER CATTLE (FC3Q) CME 144.475 1.100 1:10P
FEEDER CATTLE (FC3U) CME 146.825 1.125 1:10P
CORN (C3N) CBOT 649'0 -3'2 1:23P
CORN (C3U) CBOT 554'6 -1'4 1:23P
CORN (C3Z) CBOT 519'4 0'6 1:23P
HARD RED SPRING WHEAT (@MW3N) MGE 805'4 -5'6 1:09A
HARD RED SPRING WHEAT (@MW3U) MGE 793'4 -5'6 1:09A
HARD RED SPRING WHEAT (@MW3Z) MGE 805'6 4'6 1:31P
SOFT RED SPRING WHEAT INDEX (@IW3K) MGE 659'0 2'0 1:47P
SOFT RED SPRING WHEAT INDEX (@IW3M) MGE 664'0 2'0 1:47P
SOFT RED SPRING WHEAT INDEX (@IW3Q) MGE

 

 
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