Grain markets closed lower to end the week. Wheat traded slightly higher for most of the session but spillover weakness from corn and soybeans pressured wheat prices near the close. Corn and soybeans traded lower on dry weather forecasts into next week which will speed up the harvest in the cornbelt. A stronger U.S. Dollar and a rally in the stock market pushed commodity prices lower. Export Sales for last week came in at 16.7 million bu for wheat including 3.6 million bu in Soft White sales. Corn sales totaled 75.7 million bu and soybean sales were 34.4 million bu.
Odessa Seed Plant Hours Mon - Fri 7:30 am to 3:30 pm
Harrington Seed Plant Hours Mon - Fri 7:30 am to 4:00 pm Saturday by Appointment
Market hours: AM 9:00-11:10, PM 3:00-4:30 No PM market on Fridays No PM Hard Wheat Markets
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Agriculture Secretary Tom Vilsack said Thursday that USDA could soon start the process to create a new beef checkoff which could be in place by 2016. However, he's willing to pull the plug on those plans if the beef industry could reach some consensus on changes to the current checkoff.
Rain showers continued in the eastern portion of the Midwest Monday afternoon. Otherwise, conditions were dry in the primary U.S. and Canadian Prairies crop regions. Temperatures ranged from the mid-40s in the northern Great Lakes to the upper 80s in southern Texas. » More DTN Weather Commentary
Posted at 2:04PM Mon Oct 20, 2014 CDT
Did You Know?
In 1797 Charles Newbold patented the first cast-iron plow