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Grain Market Insight
The grain markets had an interesting week this week with wheat, corn, and milo all up, up, and away while the soybean price ended a penny lower but had double digit moves 4 of the 5 trading days. The soybean price had daily moves of down 19, up 26, up 9, up 16, and down 33 to close Friday at $13.20. The wheat price moved higher each day this week with gains of 5, 13, 28, 16, and 33 cents to end the week 95 cents higher, closing Friday at $6.60. The corn and milo price also moved higher each day with increases of 2, 14, 23, 5, and 11 cents to post a gain of 55 cents for the week with the corn price settling Friday at $6.64 and the milo price at $6.16.
The Chicago and Kansas City grain markets will start trading new hours Sunday evening, May 20, 2012. The electronic trade will open at 5:00 Central Time each evening Sunday through Thursday and will stop trading each afternoon at 2:00 Central Time Monday through Friday. Sublette Co-op will purchase grain during normal business hours when the respective board of trade is trading. As always, we encourage our customers to put in open orders to sell so whenever the market gets to your price, day or night, the transaction will get done. We appreciate your business.
